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Illya Gerasymchuk
Financial & Software Engineer
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90% of all newly issued debt is for refinancing of existing debt, not new debt/financing

User Illya Gerasymchuk -

2025-05-27 15:22

90% of all newly issued debt is for refinancing of existing debt, not new debt/financing

Thus, new debt is extremely inflationary & asset bubble-nurturing

The financial system is extremely leveraged at a high risk

We need to fix this. DeFi is the tool

90% of all newly issued debt is for refinancing of existing debt, not new debt/financing
🧵 90% of all newly issued debt is for refinancing of existing debt, not new debt/financing
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