3 ms·
>The financial problems originated with excess debt, but debts that are so large that they cannot be paid back - will not be paid back. So in other words, you
by forgetsusername 10y ago
>The financial problems originated with excess debt, but debts that are so large that they cannot be paid back - will not be paid back.
So in other words, you believe that financial problems are caused by too many assets? Because that's how a balance sheet works.
- cloakandswagger 10y agoNice attempt at applying your Econ 101 knowledge, but a balance sheet where the "assets" are made up of meaningless fiat created by debt instruments does not work like that.
- forgetsusername 10y ago>are made up of meaningless fiat created by debt instruments does not work like that Then the debt is equally meaningless. Maybe you should try applying financial principles, rather than reading Zero Hedge.
- deleted 10y ago[deleted]