Re:The World’s $100T Fiscal Timebomb Keeps Ticking
by bloated5048 on Sunday October 20, 2024 @12:25PM
(#41896454)
What if... governments just wait for people, they owe money to, to die of old age..?
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Re:The World’s $100T Fiscal Timebomb Keeps Ticking
by dh2022 on Sunday October 20, 2024 @03:01PM
(#41897674)
Most of the creditors are institutions. Like Social Security, Pension Funds, Fortune 500 Treasury departments. These will be here for a really long time.
Re:The World’s $100T Fiscal Timebomb Keeps Ticking
by Mistletoe on Sunday October 20, 2024 @12:48PM
(#41896660)
I’m going to guess Warren Buffet’s descendants will still expect to be paid.
>As of August 2024, Warren Buffett's company Berkshire Hathaway held $234.6 billion in U.S. Treasury bills, or T-bills. This is more than the Federal Reserve's $195 billion in holdings.
Re:The World’s $100T Fiscal Timebomb Keeps Ticking
by from-nibly on Sunday October 20, 2024 @05:14PM
(#41898526)
Debts don't work that way. When someone owes you money that's an asset. Assets generally transfer on death. The government is the one where if it died the debt would go away. At a certain point that might be the only way out for them.