RE: Basel and the Financial Sector

5 days ago

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The US debt is out of control and spending needs to stop. Trump has cut back on some waste, but so much more needs to be cut. If all governments would run off of Basel requirements the world would be a much more stable place. In my opinion of course, not that anyone listens or cares...

Awesome post!

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worldmappin

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5 days ago

^{View or trade PAKX tokens.}	@thebighigg, PAKX has voted the post by @elevator09. (1/1 calls) Use !PAKX command if you hold enough balance to call for a @pakx vote on worthy posts! More details available on PAKX Blog.

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@elevator09 74

5 days ago

Thank you so much for your nice feedback and I’m glad to see that you’re also thinking about the topic. In recent weeks, I have also been very concerned with the US debt, which increases by 10 billion dollars a day. The sums to pay off the debts do not come from the real economy but from refinancing, which means that new loans area created to pay the old ones. It’s a sensitive topic, I just made a statistic for you :) USA is paying 2.6 Billion each day to pay the debt, but as mentioned, the funds come from refinancing. There are many things to adjust in this system and to improve economy! Wish you a great week dear @thebighigg

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