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RE: Steem Velocity Hardfork - Hardfork 20
USA has less debt per % if gdp then China Europe or Japan so it’s not a USA problem but the whole globe
USA has less debt per % if gdp then China Europe or Japan so it’s not a USA problem but the whole globe
Hey, @geneeverett.
Yep. The world is definitely all tied together in all of this debt. I would say, though, that it is a USA problem if you're living in the USA, just as it is a wherever you are at problem if you don't. It's going to catch up to all of us at some point, and when it does, getting further into debt won't be the option, nor will be raising taxes.
Agreed
But it’s just odd many think the USA is the worst situation
It’s not it’s the best in comparison to China ,Europe , India and Japan especially
It’s not saying much to be least worst
But it’s just a fact
Well, no, it's not saying a whole lot, and the problem is, since we're all tied together, one starts to go, many others will go, until the entire world is basically caught up in it. Mutually assured economic destruction. Except, instead of going the harder, longer, but more economically sure route, we (meaning governments, institutions and individuals) all decided to go the debt route, which I'm sure has its own power and agenda behind it, so now we're all stupidly indebted to one another while someone's getting rich on borrowed time. It's just great. :/