Explain state level finance to me.
It's said that every country has huge debts.
It appears most of those could never be paid back to anyone.
It's also a thing that every now and then in history, for this and that reason, depts are officially canceled.
So who do the countries owe money to and why would those borrowers be okay with it?
Explain.
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Everyone is deep in the depths user there is no way to get out when you are this deep in depths.
who is this QT-pa-2T?
here is your redpill: (it's strawberry flavor)
money is not made of nothing it represents liability. basically a promise of future performance. money always has been just that and nothing more.
basically nobody creates money. money is just a specific form of debt. you transform and trade various forms of obligations though your life. and money represents some of it.
the different between money and government securities is minimal. you can't use gov bonds to buy shit in a store and you don't get interest on money. but both are debts, proofs of obligation of future performance. when you trade one to the other you don't actually create or destroy anything. and this is the important part. what it does is it changes the available money supply to the people. that's like putting the family money in a safe and taking it out when needed.
its a man
Christine Chandler
“I want his pee”
Is she getting blacked?
thats a man
