HARRY 3 on Nostr: In 1947 the outstanding Fed debt was $258B.( USA was emerging from WW11) this was ...
In 1947 the outstanding Fed debt was $258B.( USA was emerging from WW11) this was 110% of GDP.
The Fed. Debt would decrease as a % of GDP until 1974.
The Fed debt now sits at over $33T or 122.8% of GDP.
Japan’s debt is 259% of GDP.
This is clearly unsustainable and is past the tipping point of recovery.
This is why we Bitcoin and why it is slowly being adopted.
The Fed. Debt would decrease as a % of GDP until 1974.
The Fed debt now sits at over $33T or 122.8% of GDP.
Japan’s debt is 259% of GDP.
This is clearly unsustainable and is past the tipping point of recovery.
This is why we Bitcoin and why it is slowly being adopted.