Howdy folks… I’m Johnny Cash! Well, not really. I just always liked how he introduced himself. Still… What up; What up; What Up?!?!
Talkin Tuesday Ed-vise today
OK, this has been bugging me for some time since I saw the post on Instagram.
Currently, the world’s debt is at $253 Trillion. That’s TRILLION with a TR. The thing bugging me is who does the world owe all that money to?
All of the major industrialized nations are hugely in debt. Debt up to their eyeballs. Along with the bulk of their citizens. When you look into good ol ‘Merica, and all of the legislation designed to help struggling industry sectors you will find that it is NOT cash handouts. It’s the industrial sector being able to obtain…wait for it… debt. Easy loan financing. Take a look at all of the farm bills. Farmers can get easy access to capital by incurring more debt.
And, during this time of COVID, you have the government stepping in to help small business do what? Obtain more debt. Small business after small business going under due to the amount of debt they have incurred. The local governments do what they can to control the virus and do what? Shut down small business.
But, and here is the thinking part, the governments do nothing to stop the banks from collecting on debts owed. You don’t hear of ANY banks going under. Wonder why? I’m just saying
That’s it for today. Take care of yourselves. Check in on each other and remember you are not throwing away your vote by voting for what you believe is right versus for a letter before someone’s name.