Varven@lemmy.world to Memes@lemmy.ml · 9 months agothe debtlemmy.worldimagemessage-square80fedilinkarrow-up1785arrow-down164
arrow-up1721arrow-down1imagethe debtlemmy.worldVarven@lemmy.world to Memes@lemmy.ml · 9 months agomessage-square80fedilink
minus-squarehumorlessrepost@lemmy.worldlinkfedilinkEnglisharrow-up126·9 months agoIf you had 34 trillion in debt and a centuries-long history of making on-time payments, you’d have a perfect credit score.
minus-squarejubilationtcornpone@sh.itjust.workslinkfedilinkEnglisharrow-up23·9 months ago“Bankers hate him! Get an 850 credit score and dictate the terms and interest rate of your own debt using this one simple trick.”
minus-squareArtyom@lemm.eelinkfedilinkarrow-up15·9 months agoThe US govt basically has a perfect credit score. They have almost infinite payment history and almost infinite available credit.
minus-squarevolodya_ilich@lemm.eelinkfedilinkarrow-up8·9 months agoDon’t forget being the only issuer of the currency you get indebted in. If I could get indebted in a currency I create myself, believe me I would
minus-squareObjectivityIncarnate@lemmy.worldlinkfedilinkarrow-up8·9 months agoYeah, this is just people not understanding how credit scores work, part #57294, lol
minus-squaredisguy_ovahea@lemmy.worldlinkfedilinkarrow-up7·edit-29 months agoCredit rating also depends on credit to debt ratio. You want to keep it below 35%, so you would need a credit line of $100T or more to have a great rating.
minus-squarehumorlessrepost@lemmy.worldlinkfedilinkEnglisharrow-up10·edit-29 months agoI think sovereign debt would work like an AmEx Platimum with “no fixed limit”, which makes the algorithm ignore utilization.
minus-squaregravitas_deficiency@sh.itjust.workslinkfedilinkEnglisharrow-up2·edit-29 months agoHey remember that one time where the country’s credit rating got downgraded due to political idiocy? Pepperidge Farm remembers.
If you had 34 trillion in debt and a centuries-long history of making on-time payments, you’d have a perfect credit score.
“Bankers hate him! Get an 850 credit score and dictate the terms and interest rate of your own debt using this one simple trick.”
The US govt basically has a perfect credit score. They have almost infinite payment history and almost infinite available credit.
Don’t forget being the only issuer of the currency you get indebted in. If I could get indebted in a currency I create myself, believe me I would
Yeah, this is just people not understanding how credit scores work, part #57294, lol
Credit rating also depends on credit to debt ratio. You want to keep it below 35%, so you would need a credit line of $100T or more to have a great rating.
I think sovereign debt would work like an AmEx Platimum with “no fixed limit”, which makes the algorithm ignore utilization.
Hey remember that one time where the country’s credit rating got downgraded due to political idiocy?
Pepperidge Farm remembers.