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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