3 ms·
> Imagine if you had $1,000,0000 in your bank account and were spending $100,000 per year, except one year you spent $95,000. That's 2020. It's even worse, bec
by elbasti 2y ago
> Imagine if you had $1,000,0000 in your bank account and were spending $100,000 per year, except one year you spent $95,000. That's 2020.
It's even worse, because there's positive feedback loops we've probably unlocked (mainly artic and tropical methane).
So it's more like every year you put $100K on a credit card with high interest rate with continually compounding interest.*
Even if we stopped spending tomorrow, the debt will continue to grow exponentially.
*And the card is owned by a mob boss that will blow your brains out when your debt exceeds your bank balance.