The struggle of living abroad
in Close to Politics ·
Robin Ramos2 said:all those private lenders were basically running for the hills when America started falling apart, which just isn't what we saw happening with the US.
But you have to realize, back in the old days under America, they weren't putting up entire corporations as collateral just to secure a loan worth maybe twenty percent of their actual value.
And if you look at the value of the dollar,
you're essentially admitting that $6,000 per person in 1986 doesn't carry the same weight as $8,000 does today, right?
Meanwhile, look at how much things shifted in Germany—back in '86, they were looking at $9,000 while today that's skyrocketed to $28,500.