As a non native english speaker I wanted to be sure & looked up the term "#accord" before posting this. But it DOES mean "formal reaching of #agreement"; "#compact"; "#treaty".
Even the #economist in this video had a really hard time not laughing out loud in public.
" The #debt is growing because the country keeps #Borrowing to finance an increasingly large gap between #GovernmentSpending and #Revenue. (..) What’s the Solution? "
🤔 Judging by their actions, the solution of the #Trump - #Junta is to slash revenue drastically while raising expenditure to unprecedented levels.
(While their other "solution" is to declare bancruptcy [#MarAlLagoAccord] - because the daddy of the United States will of course bail the country out as he always did in the past. 🙄)
You can call "we don't pay you any interest anymore and if you want your money back, ask again in 100 years" whatever you like. #MarAlLagoAccord if you want to.
But you can be damn sure about one thing: your foreign #creditors will call it "#default on sovereign #debt".
2008 really was a walk in the park on a sunny day
😵💫
BerlinFokus