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The majority of this figure is not credit card and mortgage debt. It is government debt in the form of bonds, bought by central banks. Multiple first world coun
by Thorentis 6y ago
The majority of this figure is not credit card and mortgage debt. It is government debt in the form of bonds, bought by central banks. Multiple first world countries have turned the money printer up to full throttle during pandemic, and that has caused the debt:GDP ratio to sky rocket.