RE: LeoThread 2024-12-15 22:21
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I wonder... thankful wasn't born into it.
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I wonder... thankful wasn't born into it.
Unfortunately, US citizens are currently born owing more than $100k of debt.
And that number is growing exponentially...
Sad. The burgeoning debt is crazy
The day is coming when USA will collapse like the USSR due to defaulting on this debt. It won't matter who is president on that day. Not even Warren Buffett or #Elon Musk or Scrooge McDuck can stop that default from taking place.
is that including mortgage? Or is this creditcard and other loans?
or is that government debt / number of citizens?
That is only federal debt, that tax slaves... err payers... are paying.
this is an average thing 😳 my goodness imagine how much people will owe by default ten years from now. People will be born owing millions of dollars
Or crypto will have replaced the traditional financial system ;)
that'll be cool to see though
If a nation's government is in debt, and the people are taxed for the government to operate, then that nation's people are in debt slavery. What can vary is the degree of that debt slavery depending on debts such as loans and mortgages.
My first thought was limited on a personal level until I read the US citizen debt, lol! But yes, most nations are in debt (including my country) so most people are in debt slavery (without even realizing it).
The best we can do now is not have personal & business debts. It's up to the nations as nations to pay down their respective debts. 125 years ago this was possible. Today? I expect 2C Chicago with a black Republican mayor B4 that happens.