Toddsterpatriot
Diamond Member
Global debts have reached $250 trillion, which is more than three of the planet's GDP
Global savings are more than three of the planet's GDP? Sweet!
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Global debts have reached $250 trillion, which is more than three of the planet's GDP
in terms of stratification, 4 billion people live on the verge of poverty, 1 billion are beyond the edge. 1 billion illiterate.
Trump asks for more than he wants and unlike Biden/Obama, TRumps spending created something of value for us...like the wall to keep illegals out....like refunding our military to keep our enemies at bay. Biden and obama's spending is simply to funnel money around into accounts that give them kickbacks. Trumps agenda was more in line with our founders-----he wanted to go down in history as the best president ever.And this my friends is why we are 30 trillion dollars in debt. Both sides give their side a free and total pass.
Trump asks for more than he wants and unlike Biden/Obama
he wanted to go down in history as the best president ever.
Debt financial capitalism is like riding a bicycle. It is necessary to constantly pedal ("print" debts) - otherwise you immediately fall.
The thing is that financial capital today requires a constant acceleration of the speed of rotation of debt pedals. Therefore, over the past 10 years, a third of all debts have been issued.
The scary thing is that capitalism prefers to burn debts in the flames of wars...
Managing Director of the IMF Kristalina Georgieva admits that they did not think about what mass money printing could lead to, for example, a gap in the welfare of society and inflation.
"We behave like 8-year-olds playing football, chasing the ball"
What bicycles?! Under socialism, the wheel itself was banned...Luckily, under communism, no bicycles allowed.