this post was submitted on 18 Dec 2024
214 points (97.3% liked)

Interesting Global News

2773 readers
674 users here now

What is global news?

Something that happened or was uncovered recently anywhere in the world. It doesn't have to have global implications. Just has to be informative in some way.


Post guidelines

Title formatPost title should mirror the news source title.
URL formatPost URL should be the original link to the article (even if paywalled) and archived copies left in the body. It allows avoiding duplicate posts when cross-posting.
[Opinion] prefixOpinion (op-ed) articles must use [Opinion] prefix before the title.


Rules

1. English onlyTitle and associated content has to be in English.
2. No social media postsAvoid all social media posts. Try searching for a source that has a written article or transcription on the subject.
3. Respectful communicationAll communication has to be respectful of differing opinions, viewpoints, and experiences.
4. InclusivityEveryone is welcome here regardless of age, body size, visible or invisible disability, ethnicity, sex characteristics, gender identity and expression, education, socio-economic status, nationality, personal appearance, race, caste, color, religion, or sexual identity and orientation.
5. Ad hominem attacksAny kind of personal attacks are expressly forbidden. If you can't argue your position without attacking a person's character, you already lost the argument.
6. Off-topic tangentsStay on topic. Keep it relevant.
7. Instance rules may applyIf something is not covered by community rules, but are against lemmy.zip instance rules, they will be enforced.


Companion communities

Icon attribution | Banner attribution

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 22 points 8 hours ago (1 children)

Organizations that own that amount of stuff borrow against it to buy even more stuff and as it all goes up in value they borrow more and buy more stuff. In an endless loop. And people call crypto a scam 🤔

Owning that much in assets typically means you also have a lot of debt. Particularly with generational, wealthy, corrupt organizations.

Point being, they can be on the brink of bankruptcy even when owning half of Europe if they can’t service the debt they wound up.

[–] [email protected] 1 points 5 hours ago

Well, they can always get back to selling indulgences again or take out (another) mortgage on their state in the middle of Rome when the going gets tough.