Subnostr

what do you mean by a Malthusian chain reaction?

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.

Please Login to reply.

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

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.