Every country in the world is in debt, some much more than othersThe US national debt is $30 Trillion, China $7 Trillion, Russia $0.5 Trillion, India $2.3 TrillionSome smaller countries have staggering debt levels, for example Japan has debt of 235% it's GDP.I think most of this the debt is in the form of bank bonds, but where are the banks getting all the money from? We've moved away from the gold standard and as we all know the printer goes Brrrrrrrr whenever it's convenient.If Fiat collapses and we move to a global Bitcoin standard or other crypto standard can we forget about the debt and move on?What is the endgame? How is this debt ever going to be neutralised or paid off?
Submitted February 03, 2022 at 03:08AM
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