Quote:
Originally Posted by mikemhg
I hate graphics like this, there's no context and it's completely misleading.
Name one PM in that graph that has had a global pandemic that's now spanned over a year now?
If you go through any major country right now -- all are seeing historically high debt levels never witnessed in their history.
So what's the point of this?
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I state in the very first sentence that the pandemic is the leading cause
It's just amazing to see how much money has been spent while we all see little gain.
Quote:
Originally Posted by CivicBlues
LOL I thought I've heard everything now. Now apparently we're worse off than fucking Greece in 2008  |
Serious question: do you know anything about economics? What a debt to GDP ratio is and what it means? How printing money devalues what's already in circulation? How having less buying power affects the economy and the cost of all your goods and services? What it forecasts for interest rates? Do you even know what happened in Greece? I know you're not very good with facts as you've already proven in this thread but here's one for you: Greece's Debt to GDP ratio peaked at 180% resulting in austerity measures in that country that still go on today and will for years if not decades. Canada is sitting around 400% and in a few years we will realize that cost due to the inability to service the debt.