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re: Global debt at worst levels since the Napoleonic Wars
Posted on 5/1/24 at 1:23 pm to Saunson69
Posted on 5/1/24 at 1:23 pm to Saunson69
quote:
How can the world be 100% of GDP in debt? Like seems to me if everyone owes someone.... there's got to be someone who isn't? Seems like a net zero kind of things to me. Like someone has to be the giver of the debt and be at a surplus?
About 70% of US debt is owed to investors who hold that debt in their retirement accounts. Those investors CERTAINLY, almost universally, owe someone if not many someone's in the form of mortgage holders and auto loans etc.
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