Let’s assume you have 2.800€ debt.
A year ago you paid 14€ interest on that debt.
Today you already pay 119€ interest on that debt.
But more importantly, you spend 128€ more than you earn each your. So your debt grows with 128€ + the interest of 119€.
It’s a debt cycle you can never get out of. Only way out is to kick the van down the road and print that deficit and interest every year.
So you european 🤙 what country?
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Who says? Can make the same calculation for the us if you want 😜
Just assuming that you choose your home currency for example 😅
Haha I’m from Europe but I rather not say what country. Don’t want to dox myself
Respected 🤙
