21 sats \ 1 reply \ @fm 6 Feb \ parent \ on: China staggers while another giant explodes econ
i mean,
You know how FIAT works,
You delete some balances and ready to go.. When you have a massive productive laborforce, you can fix it.
This is why USA, Italy or Japan can have 200% of debt and not being shut off.. They have something to recover.. China has a lot of manpower.. And A LOT of US debt
write
preview
0 sats \ 0 replies \ @TomK OP 6 Feb
Absolutely. But I still have difficulties waghing the demographic effect. It looks like a collapse to me which could put massive deflationary pressure on the econ and credit (Japan?)
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