@maverickhammed.bsky.social🚨 If every country is in debt, who is the money owed to?
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
Henry Ford ?
@scoopfeeds.comWhen London & Washington pay more, Pakistan feels it. Pakistan raised $3bn in September — its largest-ever single bond sale — at 7.5% and 7.9%. When the world's biggest borrowers pay more, the floor rises for everyone. #TheInvisibleHand #ScoopFeeds #BondMarket #Economy #Debt
@scoopfeeds.comThe bond market vs. a prime minister: 49 days. £45bn of largely unfunded tax cuts. A record-low pound. An emergency Bank of England rescue. 49 days later, Liz Truss was gone. Full film on our channel — like, comment and subscribe. #TheInvisibleHand #ScoopFeeds #BondMarket #Economy #Debt
@scoopfeeds.comAmerica now pays $1.1 trillion a year in interest. From about $350bn a year in 2018–21 to an estimated $1.1 trillion in FY2026 — more than the military, more than Medicare (CRFB). Full film on our channel — like, comment and subscribe. #TheInvisibleHand #ScoopFeeds #BondMarket #Economy #Debt
@scoopfeeds.comThe world is suddenly terrified of its own debt. On 1 October, Britain's 30-year borrowing cost touched 6% for the first time since 1998. America's 10-year hit its highest since 2002. The IMF called it orderly. #TheInvisibleHand #ScoopFeeds #BondMarket #Economy #Debt
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@heyfriend-1.bsky.social#AdamSmith and “ #TheInvisibleHand “