LogFAQs > #975859197

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, Database 12 ( 11.2023-? ), Clear
Topic List
Page List: 1
TopicPersonal debt
ParanoidObsessive
09/04/23 5:05:17 PM
#12:


Dikitain posted...
The American economy is basically built off of debt. If Americans weren't in debt, the economy would collapse.

Most modern currency is built on national debt to some degree. The UK still owes debts from hundreds of years ago. And trying to pay off those debts would destabilize the economy.

https://en.wikipedia.org/wiki/List_of_countries_by_external_debt

---
"Wall of Text'D!" --- oldskoolplayr76
"POwned again." --- blight family
... Copied to Clipboard!
Topic List
Page List: 1