• technocrit@lemmy.dbzer0.com
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      12 hours ago

      It’s just imaginary numbers. They can print some paper or add some numbers on a computer if the extremely privileged are at all threatened.

    • moldy_rice@piefed.keyboardvagabond.com
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      12 hours ago

      You realize that that debt is owned by rich people including him, right?

      He has loads of money, and the taxpayers are giving it to him and his family long after he dies.

        • ScoffingLizard@lemmy.dbzer0.com
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          3 hours ago

          Wealth is about resources and assets. You also don’t need bonds to be rich, and you don’t need treasury bonds to own debt.

          Wtf would an 80 year old want bonds anyways? Unless they are maturing soon.

          • moldy_rice@piefed.keyboardvagabond.com
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            1 hour ago

            He became a billionaire in his presidency.

            He isn’t doing this for him. He inherited millions from his father, and he leveraged it (with crime) to turn it into billions for his children.