Two things:
- if you owe the bank $34,000, it’s your problem; if you owe the bank $34,000,000,000,000, it’s the bank’s problem.
- its a big club, and you’re not in it.
this post was submitted on 07 Jun 2024
1 points (100.0% liked)
Memes
45745 readers
95 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
That's a lot of zeros, when written like that
Yes, and it is the correct number of zeros to use. I find it helps to put things into scope. “Trillion” is an abstract magnitude to most people. Writing it out numerically makes it clear how absolutely enormous the number is.
Terry Pratchett's "Making Money" taught me enough economics to know that individual debt and national debt are two different things.
Credit scores require you to get some kind of debt. This is because it's not a score of your financial health. It's a score of how reliably you repay your debt.
putting people in debt is how people with already too much money make even more money from people who never had enough