pull down to refresh

Global debt has grown to $315 trillion this year — here's how we got herewww.cnbc.com/2024/05/29/global-debt-has-grown-to-315-trillion-in-2024.html
427 sats \ 6 comments \ @Cje95 29 May econ
"This latest global debt wave has been the biggest, fastest, and most wide-ranging rise since World War II, coinciding with the Covid-19 pandemic."
This is why I am going to happily keep on stacking my sats because this is obviously unsustainable and ridiculously widespread!
write
preview
related posts
130 sats \ 2 replies \ @grayruby 29 May
What's 315T amongst friends?
reply
40 sats \ 1 reply \ @Cje95 OP 29 May
Sharing is caring after all!
reply
20 sats \ 0 replies \ @OneOneSeven 29 May
"Competition is a sin."
reply
0 sats \ 1 reply \ @gmd 29 May
https://i.imgflip.com/5qtf71.png?a476904
Shouldn't some of this debt cancel out? 😅
reply
99 sats \ 0 replies \ @Cje95 OP 29 May
Quite frankly ya hit the nail on the head here! What I do not know much about but am curious is China. They have their public-facing debt amount but then has the enormous shadow debt boogeyman which from what I understand is a bunch of companies really passing the money around between them all and each taking parts of the other... Somehow that one has to cancel out lmao!
The US debt which makes up a ton of this is mostly held by citizens so no cancelation out there!
reply
0 sats \ 0 replies \ @Coinsreporter 29 May
They will print more, borrow more, lend more, show more, suggest more but they won't do anything for people's good.
And who 'they' are? They are idiots sitting on the cusp of every country's highest chair.
reply