@rwr4change.bsky.social
Sounds an awful lot like Venezuela, and a whole lot of other debt-ridden countries where the average person is paying the interest while currency is devalued so national assets can be stripped off and sold at low prices to a few while monies are funneled into private coffers.
Update: Treasury rates continue rising up, up, and away. These rates alone could add $500 billion more to annual interest costs within a decade (relative to the CBO baseline of 3.6% govt interest rates).
Caution: Depressing charts to follow: 🧵
Caution: Depressing charts to follow: 🧵
May 21, 2025 at 10:21 PM
Sounds an awful lot like Venezuela, and a whole lot of other debt-ridden countries where the average person is paying the interest while currency is devalued so national assets can be stripped off and sold at low prices to a few while monies are funneled into private coffers.
Reposted
The last 25 years have shown us what’s possible. The next 25 will depend on whether the world keeps showing up for the children who need it most: gatesnot.es/43gTIl5
May 15, 2025 at 6:12 PM
The last 25 years have shown us what’s possible. The next 25 will depend on whether the world keeps showing up for the children who need it most: gatesnot.es/43gTIl5