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kintoexile    

kintoexile Avatar Level 8 Comments: New Here
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Gender: male
Age: 23
Date Signed Up:1/08/2010
Last Login:10/25/2014
Location:canada
Funnyjunk Career Stats
Content Thumbs: 4 total,  53 ,  49
Comment Thumbs: 57 total,  106 ,  49
Content Level Progress: 13.55% (8/59)
Level 0 Content: Untouched account → Level 1 Content: New Here
Comment Level Progress: 0% (0/1)
Level 8 Comments: New Here → Level 9 Comments: New Here
Subscribers:0
Content Views:8827
Total Comments Made:96
FJ Points:53
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#349 - Comment deleted 10/23/2014 on Free Steam 0
#1114 - Well i try but its hard with a job you know? 10/20/2014 on need more mods like joshlol 0
#1562 - hi boi 08/14/2014 on Win a $50 visa card 0
#21 - bang him 08/04/2014 on admin the ass blaster 0
#82 - coke milk? 07/20/2014 on Wait for it 0
#85 - grass grass **** you charizard 07/13/2014 on whats your pokemon type 0
#75 - I had to listen to someone elses opinion once. 07/13/2014 on Humble Giveaway +2
#2 - Comment deleted 07/08/2014 on Everyone on tumblr 0
#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.
#82 - economic (07/05/2014) [-]
**economic rolled image**

>million
they wish
#98 - newdevyx (07/05/2014) [-]
You glorious bastard, that was a sweet roll.
User avatar #129 - mydogpikachu (07/05/2014) [-]
even funnier because his name is economic but you guys probably already knew that and i ruined the joke.....fuck
#101 - xxxsonic fanxxx (07/05/2014) [-]
No, this is a sweet roll. Too lazy to sign in.
#142 - wut 05/18/2014 on title 0
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