Thread: Covid 19 -
View Single Post
Old 12-05-2020, 12:50 PM   #3018
cheap
Wirlankarra yanama
 
cheap's Avatar
 
Join Date: May 2006
Location: God's Country
Posts: 2,103
Default Re: Covid 19 -

Quote:
Originally Posted by Yellow_Festiva View Post

4 years to financially recover apparently.
I would say it is already questionable if we will be able to repay the current debt, once the real numbers for C19 are added we will never be able to repay the debt

https://en.wikipedia.org/wiki/Austra...overnment_debt

So in the meantime, GovCo will keep on issuing Treasury Bonds and increase the return until someone buys them. It's interesting how Bonds works IMO it is a Ponzi but that would be illegal.
cheap is offline