Is it possible that, at some point, private interests/corporates claim they can „buy back“ debts in exchange of some privileges in constitution, ownership, etc ? Considering that Private corporations have increasingly accumulated wealth, often surpassing national governments in terms of net wealth, particularly in rich countries where public wealth has declined significantly.
Or maybe they could just wait for a collapse, even buy it right before it but with exclusivity. This is just a scenario coming in my mind… Sry I had to write that.
jhonnytheyank on
If everyone defaults by 2029 , we are literally in for a rehash of past century , almost year to year. We had the flu , then depression , then rise of the far right and new cold war.
exig on
Fuck the imf, they only make shit worse
Irr3l3ph4nt on
Meanwhile, Tater Dick is loading the credit card to enrich his buddies.
CosmicCuddleCreature on
Lmao, as a millennial, it really feels like we drew the short straw planet in crisis, broken economy, and drowning in debt we didn’t cause.
some_where_else on
Worth emphasizing that in modern fiat money economies, money is nothing more than a *signalling protocol*. Should that protocol become out of wack, governments can take action to adjust it. So a large aggregate sovereign debt just means that certain people/institutions – the debt holders – expect a corresponding share of future resource allocation. If governments think that is unfair or unrealistic, then they can effectively default (there are many ways to do this, inflation being the usual mechanism). The point being that this debt is only as real as we (through our governments) choose it to be, and we can always screw over the debt holders if we wish.
Salt_Love_4586 on
Interesting
shrewphys on
Just really shows how money isn’t real. The only reason money has any value is because we believe it does.
Pink-Sock_ on
We’re going to need to keep the space cash, hopefully Mexico plays it cool with the water parks this time around
Hey Trump is paying off the US debt with tariffs so we will be all good in no time…
Metal2thepedal on
Who do we owe money to? What happens if we don’t pay whoever we owe money to?
Toph84 on
So basically win win for Trump.
If he secures total authoritarian control over the USA by 2028, he doesn’t need to care and will just put the iron boot on Americans who question or protest otherwise.
If he loses power and Democrats regain control, they’re the ones left with the mess in 2029 they have to miraculously turn around, then Repubs can just blame the Democrats for the imploding economy that they themselves caused.
And Americans for fall for it again because the average American has the processing capabilities and memory of a goldfish and has already fallen for this same exact song and dance multiple times already. Democrats leave a strong economy, Republicans claim the economy they got is because of them, trash it, leave the mess to the Democrats, claim Democrats broke it, Democrats have to fix it and leave strong economy by their end, Republicans take power then claim credit then trash it again, rinse repeat for the last 30 years.
sickofthisshit on
It compares the situation to 1948…tell me, how did things turn out then? Did that situation lead to hardship or difficulty?
Or is this a stupid benchmark, having nothing to do with future prosperity?
iAmSamFromWSB on
Tax the rich and corporations. Problem solved.
FYoCouchEddie on
The combination of personal and public debt is really getting out of control.
MaybeTheDoctor on
Let’s compare this term mortgage. If I buy a house, my mortgage would probably be 3 to 5 times my yearly salary. I’m still able to pay it off even though I’m 500% of my personal GDP. I’m not sure why 100% would be a magical limit other than just interesting headline. Governments are paying this off over 20 years just like a mortgage. Do I feel great about it no but I don’t want to be alarmed either.
Ok_Replacement_978 on
When almost every dollar in circulation is issued by a central bank with interest attached the debt line can only go up. Who would have guessed…
MoeSzyslakMonobrow on
Who the fuck do we all owe, Mars?
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19 Kommentare
Is it possible that, at some point, private interests/corporates claim they can „buy back“ debts in exchange of some privileges in constitution, ownership, etc ? Considering that Private corporations have increasingly accumulated wealth, often surpassing national governments in terms of net wealth, particularly in rich countries where public wealth has declined significantly.
Or maybe they could just wait for a collapse, even buy it right before it but with exclusivity. This is just a scenario coming in my mind… Sry I had to write that.
If everyone defaults by 2029 , we are literally in for a rehash of past century , almost year to year. We had the flu , then depression , then rise of the far right and new cold war.
Fuck the imf, they only make shit worse
Meanwhile, Tater Dick is loading the credit card to enrich his buddies.
Lmao, as a millennial, it really feels like we drew the short straw planet in crisis, broken economy, and drowning in debt we didn’t cause.
Worth emphasizing that in modern fiat money economies, money is nothing more than a *signalling protocol*. Should that protocol become out of wack, governments can take action to adjust it. So a large aggregate sovereign debt just means that certain people/institutions – the debt holders – expect a corresponding share of future resource allocation. If governments think that is unfair or unrealistic, then they can effectively default (there are many ways to do this, inflation being the usual mechanism). The point being that this debt is only as real as we (through our governments) choose it to be, and we can always screw over the debt holders if we wish.
Interesting
Just really shows how money isn’t real. The only reason money has any value is because we believe it does.
We’re going to need to keep the space cash, hopefully Mexico plays it cool with the water parks this time around
[Relevant](https://youtube.com/shorts/Gy_gMuTTSoU?si=dUZeUc_ofRIqLrUg).
Hey Trump is paying off the US debt with tariffs so we will be all good in no time…
Who do we owe money to? What happens if we don’t pay whoever we owe money to?
So basically win win for Trump.
If he secures total authoritarian control over the USA by 2028, he doesn’t need to care and will just put the iron boot on Americans who question or protest otherwise.
If he loses power and Democrats regain control, they’re the ones left with the mess in 2029 they have to miraculously turn around, then Repubs can just blame the Democrats for the imploding economy that they themselves caused.
And Americans for fall for it again because the average American has the processing capabilities and memory of a goldfish and has already fallen for this same exact song and dance multiple times already. Democrats leave a strong economy, Republicans claim the economy they got is because of them, trash it, leave the mess to the Democrats, claim Democrats broke it, Democrats have to fix it and leave strong economy by their end, Republicans take power then claim credit then trash it again, rinse repeat for the last 30 years.
It compares the situation to 1948…tell me, how did things turn out then? Did that situation lead to hardship or difficulty?
Or is this a stupid benchmark, having nothing to do with future prosperity?
Tax the rich and corporations. Problem solved.
The combination of personal and public debt is really getting out of control.
Let’s compare this term mortgage. If I buy a house, my mortgage would probably be 3 to 5 times my yearly salary. I’m still able to pay it off even though I’m 500% of my personal GDP. I’m not sure why 100% would be a magical limit other than just interesting headline. Governments are paying this off over 20 years just like a mortgage. Do I feel great about it no but I don’t want to be alarmed either.
When almost every dollar in circulation is issued by a central bank with interest attached the debt line can only go up. Who would have guessed…
Who the fuck do we all owe, Mars?