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looks like alternative universe (will mark it as unresolved mystery), "if" you are average household or family with same behavior you will be bankrupted long ti
by throwaway888abc 3y ago
looks like alternative universe (will mark it as unresolved mystery), "if" you are average household or family with same behavior you will be bankrupted long time ago or in prison
https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ https://fiscaldata.treasury.gov/americas-finance-guide/natio...
https://en.wikipedia.org/wiki/National_debt_of_the_United_States https://en.wikipedia.org/wiki/National_debt_of_the_United_St...
for sake of common sense - simplified:
You are indebted $37000 and you annual revenue is $1860, how much money will bank borrow you or your uncle borrow you ?
- plz-remove-card 3y agoIt's a different story when you also print the money!
- Tade0 3y agoOr exist far longer than human life expectancy.
- rurp 3y agoFortunately a superpower country is quite different from a random household in a number of ways. Being able to borrow trillions at the rate the treasury pays, having a massive military, controlling the money supply, and being the world reserve currency are some of the notable differences.
- singleshot_ 3y agoWhat if I lived in a house worth millions of dollars and there were lots of valuable minerals in my back yard and I had 340,000,000 relatives living with me many of whom were quite clever? Would it turn out that this metaphor of yours is and always has been defective?
- scotty79 3y agoWell, you can legally print as much money as you want stealing the value from people who own dollars to pay people who you owe dollars.