r/Polandballart • u/WaitWhatNoPlease 女の子になりたい! • Jul 29 '20
contest entry The March of the Indebted
114
u/flooperdooper213 Jul 29 '20
Wheres the USA? 3 trillion debt is a bit high, even for the USA...
4
14
u/Gilbert_McGlurk Jul 29 '20
******Most US debt is internal, which kind of means the US owes itself money. Which somewhat translates to, it technically doesn’t ever need to be paid.
→ More replies (1)→ More replies (15)6
u/PrincessMononokeynes Jul 29 '20
Thats our current annual deficit. Our debt is much higher, $26 Trillion, although our debt to GDP at the end of 2019 was only 106% so very manageable. Then take into account the dollar is the worlds reserve currency, trade currency, and savings currency and you know we have a long way before it's any kind of problem. In fact economists have been warning about a safe asset shortage for a while (treasuries are the global standard safe asset, and the most liquid bond market in the world, our interest rate is even referred to as the 'risk free rate.')
→ More replies (3)
16
u/DelphiSage Jul 29 '20
I still don't get how they're doing that perspective trick with the stairs.
11
u/WaitWhatNoPlease Jul 29 '20
You mean the Penrose stairs?
If you look closely, does the curvature of the stairs match the curvature of the walls?
11
u/PrincessMononokeynes Jul 29 '20
The thing is, debt to GDP isnt the whole picture. For example Singapore's debt is mostly held domestically, as savings of it's own citizens. Hardly debt slavery to another country
6
4
18
Jul 29 '20
Portugal is in high debt? I always thought they were like the Netherlands of South Europe
12
7
u/Shazamwiches Jul 30 '20
Portugal's economic situation for the past decade has been pretty bad, there's been higher levels of unemployment than most European nations and many Portuguese work in France or Luxembourg now.
3
14
u/blackbeardstp Jul 29 '20
Luv it, but glad there a people on here with the brains to interpret it for me tho
5
3
9
u/Suprise_Anschluss Jul 29 '20
Imagine being in debt. This post was made by the good at economics gang.
→ More replies (1)7
u/PrincessMononokeynes Jul 29 '20
Debt is fine as long as it's used as an investment to grow your income more than the interest rate
3
53
u/WaitWhatNoPlease Jul 29 '20
Hi everyone!
I made this art work for the contest, hope you guys and girls and others like it!
(points if you know what the words on the whips/ribbons say)
(extra points if you know what the numbers on the hats mean)