Global debt 271 Trillion. Hey, it's just paper isn't it ?...

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  • dogtag
    Senior Member
    • Sep 2009
    • 14985

    #1

    Global debt 271 Trillion. Hey, it's just paper isn't it ?...

    Like the man once said "Pretty soon you're talking real money"
    Plus, it makes my bank balance look pretty puny.
    Actually, it was pretty puny anyway.

    https://www.cnbc.com/2020/11/19/coro...cord-high.html

    I bet if you put all those paper bills end to end it would reach Mars.
  • S.A. Boggs
    Senior Member
    • Aug 2009
    • 8568

    #2
    1929!
    Sam

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    • togor
      Banned
      • Nov 2009
      • 17610

      #3
      A lot of it is Central Bank money, which in theory has to be honored no different than any other debt.

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      • Johnny P
        Senior Member
        • Aug 2009
        • 6258

        #4
        One thing you can't blame Barry for. He did his part in doubling the U.S. national debt, and really never gets the credit he deserves.

        Comment

        • togor
          Banned
          • Nov 2009
          • 17610

          #5
          Originally posted by Johnny P
          One thing you can't blame Barry for. He did his part in doubling the U.S. national debt, and really never gets the credit he deserves.
          Here you go. I remember around the time of the Trump Tax Cuts how Red was telling everyone that supply-side tax policy was awesome.

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