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|#1114 - Well i try but its hard with a job you know?||10/20/2014 on need more mods like joshlol||0|
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|#21 - bang him||08/04/2014 on admin the ass blaster||0|
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|#77 - Comment deleted [+] (6 new replies)||07/05/2014 on So FJ, heard you like fate...||-1|
#106 - xxxsonic fanxxx (07/05/2014) [-]
Too lazy to sign in but you don't understand global economics.
When a recession happens countries with strong economies and currencies deliberately get into debt and flood the system with cash to stimulate economic growth. That economic growth is worth WAY more than the debt and it gets paid back easily.
Lenders know they're guaranteed a return so they lend money ridiculously cheaply. The cheapness of loans is what allows countries to do this. Hence why poor countries don't get into debt in a recession.
When there's public opposition to debt or when a country like Greece with a strong currency and decent economy defaults on its debt it diminishes lending confidence in all countries. No guaranteed return, higher risk, higher interest rates. Higher interest rates, harder to pay back debts, more likely to default. More likely to default, higher risk, higher rate... etc.
The amount of debt is not the problem, it's the diminished lending confidence screwing the whole system.
#150 - xxxsonic fanxxx (07/06/2014) [-]
Yeah.... except the US has done goofed and can't create the production required.
#101 - xxxsonic fanxxx (07/05/2014) [-]
|#142 - wut||05/18/2014 on title||0|