Subnostr

Where the existence of something necessarily produces more of it, in an exponential way.

GDP is $23T and growing at 3%

Debt is $32T and growing at 6%

The debt is paid from GDP at a service rate of 5%. See the problem?

At some point in the future even 100.00% of GDP will not be enough to service the debt.

National debt is benign in a lot of conditions, but if you lose control of it like this, you get locked into an inescapable malthusian catastrophe.

Need more of this type of stuff on #nostr thanks for sharing this. Is this where yield curve control comes in eg Japan?

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Yes, and also the high taxes.

Japan spends $260 billion servicing its debt.

They spend about $4,500 per worker on just servicing their national debt. Average income is $45,000.

So around 10% of your income in Japan, is wasted on continuing their broken financial system. This 10% figure will continue to rise.