Giuliano Giacaglia
@giu
Issuances of US Treasuries are now at pandemic levels! US government spending as a percentage of GDP is at World War 2 levels. 😳😳
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Andy
@tankyroo
ELI5 what this means and perceived impact?
2 replies
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BedrockSquirrel
@bedrocksquirrel
bullish for crypto, bearish if you live in the US or the world
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Dirk Siebels
@disic
The government is borrowing from the future. That’s possible as long as everyone believes they will be able to pay the debts in the future. It becomes less credible the more debt there is but it’s very gradual. Nobody knows what would happen if trust completely breaks down.
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