Comment on There's always money in the banana stand
humanspiral@lemmy.ca 5 weeks ago
And I thought the US was a $200B damage hurricane away from debt collapse
Comment on There's always money in the banana stand
humanspiral@lemmy.ca 5 weeks ago
And I thought the US was a $200B damage hurricane away from debt collapse
Viking_Hippie@lemmy.dbzer0.com 5 weeks ago
Nah, as long as the dollar is the world’s reserve currency and the government is a net positive for the bank accounts of the world’s billionaires and multinational corporations, it’ll be held up as per the “too big to fail” policy no matter the amount of debt.
The moment that either or both of those things stop being true (which used to be beyond impossible, but now could be just a year or two away), it could make 1930 seem like a boom year.