15. A lesson on Debt
Hi traders,
Just something to ponder about.
30T is 7T more than last years GDP
30T is more than the combined GDP of China + Japan + Germany
30T is more than 26x the combined GDP of the 46 least develop countries
30T divided by 330m population means $90,000 per person
If the debt reach 35T, then you can stack up enough S10 notes to reach the moon
1% interest on30T is equivalent to 300B
2021 Govt revenue is 4.046T
If it ever reach 5%, then annual interest cost is 1.5T.
How long can this continue?
Just something to ponder about.
30T is 7T more than last years GDP30T is more than the combined GDP of China + Japan + Germany30T is more than 26x the combined GDP of the 46 least develop countries30T divided by 330m population means $90,000 per person If the debt reach 35T, then you can stack up enough S10 notes to reach the moon
1% interest on
30T is equivalent to 300B2021 Govt revenue is 4.046T
If it ever reach 5%, then annual interest cost is 1.5T.
How long can this continue?
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