Are you immortal? Do you have an income vastly higher than the servicing cost of that debt? Do you owe the large a majority of that debt to yourself? Are you able to, if push came to shove, tell your external creditors to go fuck themselves and dare them to so much as try to collect on the debt you don't feel like paying? If you can't answer "yes" to all these questions, you aren't the US and have a debt situation that has absolutely nothing in common with the US debt.

[–] Quacksalber@sh.itjust.works 32 points 5 months ago (3 children)

Do not forget that you are also the very entity that hands out the currency you hold your debt in.

[–] Starbuck@lemmy.world 10 points 5 months ago (1 children)

It’s like Dwight printing IOUs for Schrutebucks

[–] Fades@lemmy.world 5 points 5 months ago* (last edited 5 months ago) (1 children)

Wait till you learn about how the stock market works. Everyone with a share actually just holds an IOU in the DTCC.

It’s all built on bullshit

[–] Maeve@sh.itjust.works 0 points 5 months ago

I remember users on another platform went into full rage mode when I said the stock market was just legalized gambling, telling me how SAFE!!! IT IS IF YOU DO YOUR RESEARCH!!!>

Okay. Black Friday and Too Big to Fail only happened in my dreams.

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