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>Step 1. Go global. Check. Step 2. Sell all the debt you can. Check. Now what? You tell me. It sounds like you believe all of that "sold debt" is just vaporiz
by forgetsusername 11y ago
>Step 1. Go global. Check. Step 2. Sell all the debt you can. Check. Now what?
You tell me. It sounds like you believe all of that "sold debt" is just vaporized and results in nothing, instead of centuries of insane global growth. Don't believe it? Look out your window.
- oldpond 11y agoThere is no "now what". That's the problem. There's only so much "good debt" to buy and it's all bought. These systems depend on continuous growth to function, and unless you can figure out how to sell mortgages to Martians, you are fresh out of growth. Maybe I'm wrong, and maybe they'll figure out how to have another bull run, but I think they've hit the wall.
- forgetsusername 11y agoWhat times we live in, to be the generation that experiences the "end of growth"! Ill bet anything that you're wrong, though.
- oldpond 11y agoNot the end of growth, but for the financial system, yes. Why does it always have to be a bet? There's no mystery to the financial system.