11–20 of 94 posts
This reminds me of selling Bitcoin in order to pay off debt.
more like paying off one credit card with another that has higher APR. Next big crisis might be a sovereign debt crisis on a global scale. The only question is how long this can continue...until SHTF.
Where are these interest payments going to? Who profits off the US being perpetually in debt?
These are the foreign holdings: http://ticdata.treasury.gov/Publish/mfh.txt
From what I understand, the rest are citizens & US based funds.
This reminds me of selling Bitcoin in order to pay off debt.
more like paying off one credit card with another that has higher APR. Next big crisis might be a sovereign debt crisis on a global scale. The only question is how long this can continue...until SHTF.
Where are these interest payments going to? Who profits off the US being perpetually in debt?
This reminds me of selling Bitcoin in order to pay off debt.
more like paying off one credit card with another that has higher APR. Next big crisis might be a sovereign debt crisis on a global scale. The only question is how long this can continue...until SHTF.
Actually, you can pay debt only with more debt. This is fundamental to capitalism and reason for it's dynamic and future downfall.
"In order to pay back debt with interest, it is necessary to have economic growth, and financial growth and growth in fossil fuel use are very closely tied." https://ourfiniteworld.com/2011/02/21/there-is-no-steady-sta...
It's an interesting point and something that we should talk about. But the article doesn't really make the case that this is a waste of money. If it was advantageous to take on the debt in the first place, it might also be worthwhile to keep the debt on the books now. Presumably there is an interest rate at which it will stop being worth servicing the debt, but I don't really know where that point is.
Where are these interest payments going to? Who profits off the US being perpetually in debt?