The USA and Chin have the highest debt in the world but i don’t understand the concept of them being some of the wealthiest countries, does that debt need paying off? How do they get this debt? Ultimately it just doesn’t make sense to me.
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Imagine a homeless dude. Dude has no assets but maybe 10k of debt. Imagine a dude in a suite making 400k a year but has 2M of debt being reclaimed at 200k a year.
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