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$3-4 trillion debt effect the entire humankind. Where are you going to get the money to fix the climate issues if the entire economy collapses?
by ThomPete 10y ago
$3-4 trillion debt effect the entire humankind. Where are you going to get the money to fix the climate issues if the entire economy collapses?
- pjc50 10y agoDebt balances with assets across humanity - that number doesn't mean we owe $3trn to aliens. Some of the $3trn shows up as assets in pension funds and SWFs, but much of it is hiding in the balance sheets of oligarchs and middle eastern monarchs.
- SomewhatLikely 10y agoNot if the value of those assets declines, as when technology advances obsolete those assets.
- deleted 10y ago[deleted]