@Trebjonn debt isn't the end of the world. Someone's debt is another person's profit. You can also sell debt.

too much debt generally

Gunner owes $150 to a friend that died. <:GWmythiFeelsBadMan:391321619748093972>

could always pay his next of kkin

no kids

@orolyn yes, get companies to move into the country to invest, and get banks and istitutions to finance projects

@Capitán Alatriste I know, but most of the debt are related to actual countries and the those that profit are indivudals

> There is nothing wrong with debt as long as it finances growth.

Essentially correct, until you see negative growth

the implication of debt financed growth is that the growth will pay the debt back via ROI... it's like taking out a credit card to finance your business startup exploits

Yes pretty much

Or if you can hardly even pay the interest on the debt as a nation.


Debt itself on a nation level is also dangerious as it ends up used as a bases for the debtholders countrys currency. Which leads to massive issues when there is a recession. See 2008.

@M4Gunner morning

@Ondsinet 🌄

It can become a domino effect.

Sorry to hear about your friend

guys my roommate got to the coffee pot before me and now i have to water my coffee down or ill have a panic attack

@M4Gunner morning you beautifully ugly bastardo

This isnt sexist
https://www.youtube.com/watch?v=cnjjkgIO3Ck

The 2008 crisis was due to debt among the financial sector aka the mixing of investment and saving banking. Nothing to do with national debt @Goblin_Slayer_Floki

Women cant make coffee

@Goblin_Slayer_Floki i assume that when the last domino finally falls, the game resets?

@Goblin_Slayer_Floki y thank u

Tardo

BAD TASTE

😱

@Capitán Alatriste it was a faw things. But when it happened the economies began to crumble and the value of the currencies plummitted. This caused a shockwave to the nations holding debt and using it to prop their own econony and currency. National debt wasnt the start of it no, but it surly threw its lot into it.

*"The desk Sergeant at the station makes better coffee than this"* <:oof:494878589406150657>

And to think it didnt have any part of it, is intellectually disingenuous

@Goblin_Slayer_Floki the US debt came mostly as a result of the Bank bailouts and Obama's fiscal stimulus package to restart the economy.

Is there any reason for a country to have debt if it somehow could avoid it?

The amount if national debt the US held before the crisis was fairly minimal, and wasn't what deepenes the recession

Um we have had some debts we pay the bare minimjm on for quite some time

"There are 5 big neighborhood markets within a couple of blocks from our house"
wait really?
https://www.youtube.com/watch?v=6WEzqw-1vTU

Anyway whats with recent buzz about the clinton foundation? Are they getting investigated?

New suicides?

<:oof:494878589406150657>

ive heard nothing about this

I hears some buzz about them looking into it. But it died down fast

Just saw a few reddit posts and a youtube video and was just wondering

@M4Gunner has information that will lead to the arrest of Hilary Clinton

RIP u