Erik The Decentralist on Nostr: ⚠️THE DEBT SPIRAL EXPLAINED... ➡️Governments grow our debt and need to create ...

⚠️THE DEBT SPIRAL EXPLAINED...

➡️Governments grow our debt and need to create more.

➡️This leads to borrowing.

➡️Interest rates go up.

➡️Government pays more to lenders.

➡️The deficit gets bigger.

➡️Rinse, repeat until collapse.