Post 9rHTGuXedV12m20mo4 by Constantin@social.quodverum.com
(DIR) More posts by Constantin@social.quodverum.com
(DIR) Post #9rFjnzXYHcY4mZq8Lw by bbhack@social.quodverum.com
2020-01-22T07:47:46Z
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If I'm reading this right, the US GDP is very close to the US debt. If so, this explains many things.
(DIR) Post #9rGWAJwxsN1iFlRJnU by Constantin@social.quodverum.com
2020-01-22T16:49:38Z
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@bbhack elaborate! Iām interested in what you have to say!
(DIR) Post #9rGYs9RuTlFUKqwS6i by bbhack@social.quodverum.com
2020-01-22T17:19:59Z
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@Constantin I was thinking about debt to income. If a person has a debt to income ratio of 1:1, that is no big deal. A mortgage puts one at 10:1 maybe.
(DIR) Post #9rGYuk1vRX7wMt1TSS by bbhack@social.quodverum.com
2020-01-22T17:20:26Z
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@Constantin GDP is not income, but it's the same principle.
(DIR) Post #9rGZ7muS34qH3ykQcq by bbhack@social.quodverum.com
2020-01-22T17:22:48Z
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@Constantin If the debt to GDP ratio is really around 1:1, the debt looks a lot less ominous. Also, the national debt cannot be equated to personal debt, but there has to be a way to frame this so people can understand.
(DIR) Post #9rHTGuXedV12m20mo4 by Constantin@social.quodverum.com
2020-01-23T03:51:56Z
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@bbhack thank you for your explanation. I now have one less reason to drink.š How money works, I think, is an intentional mystery. Those who figure it out are no longer beholden.š¤š¼