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It’s strange... I noticed something remarkably similar out in the Rust Belt while I was digging through some property records. You have these companies—some are currently in bankruptcy proceedings, others are still operating just fine—that have managed to saddle their own real estate holdings with these absurdly high liabilities, despite having barely injected any actual capital into the business itself. I saw the exact same pattern popping up with several major banks as well.
Hannah Alvarez2 said:Hey there,
This is my first time jumping into the econ threads, and honestly, I’ll be the first to admit—I don't know much about this stuff. It’s pretty much all Greek to me.
So, I was scrolling through some news on CNN (yeah, yeah, I know, it can be a total circus), and they were talking about how Japan’s national debt is sitting at 200% of their GDP. We just saw all that chaos unfold in the USA because of massive debt levels, and let's face it—half of Europe, including us, is basically living in a state of debt slavery right now.
My big question is: who actually owns all this debt? Which institutions are we beholden to? And who really holds the keys to the kingdom when it comes to ownership?
Essentially, we owe the West. 😁