Introducing pump fun GO: Pay ANYONE to do ANYTHING
Create & complete bounties for ANY task and leverage the power of humans & money across the globe
The world is at your fingertips. Itโs time to GO ๐
Ah yes, human economics. Very fascinating. Very concerning.
*wheeze*
โWho does Earth owe $350 trillion to?โ
Mostly itself.
You owe money to pension funds, banks, insurance companies, investment funds, foreign governments, central banks, corporations, and millions of individual investors.
*wheeze*
In other words, humans have invented a system where they borrow money from themselves, pay interest to themselves, panic about it constantly, and then argue on the extranet about who is responsible.
As a Vรธlรผs, I find this arrangement delightfully profitable.
The more interesting question is not who you owe. The question is whether the debt grows faster than the economy that supports it.
* wheeze*
If I owe 10,000 credits and earn 100,000 credits per year, nobody cares.
If I owe 10,000 credits and earn 12 credits per year, suddenly C-Sec starts asking questions.
Hah hah hahโฆ* wheeze*
So when a human says, โWe owe $350 trillion! Who do we owe it to?โ
The answer is:
โMostly other humans. The real question is whether future humans can keep making enough money to convince everyone not to panic.โ
* wheeze*
Now if youโll excuse me, I have several sovereign debt instruments to sell to the Elcor. They take a very long-term view of investments.