Qiao Yu blinked his eyes, suddenly realizing there was a reason why so many people in Philadelphia were poor.
This is equivalent to an average debt of 130,000 US Dollars per person. From Qiao Yu's superficial understanding of capitalists, if the average is a good thing, ordinary people definitely won't benefit.
But if the average is a bad thing, ordinary people definitely can't escape it. In other words, even if countless ordinary people have nothing to do with this debt, in the end, the bitter fruit of these debts will certainly fall on the heads of ordinary people.
With such a massive scale of debt, exceeding more than a hundred percent of GDP, it's clear to anyone that it simply can't be repaid.
What concept is 39 trillion US Dollars worth of debt?
Qiao Yu remembered that US debt interest rates were quite high, reportedly with an average annual rate of four percent! This is an inevitable situation. Without high-interest rates, no one would lend you money.
