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Nick Szabo·2025-11-09 01:40
Debt & Financial Risk - Society is facing challenges due to overwhelming debt [1] - 50-year mortgages are expected to significantly increase per capita debt [1] - The banking sector may face bankruptcy during economic downturns [1] - Bailouts may be required for banks during downturns [1] Banking Industry Perspective - Banks are perceived to desire increased debt, potentially leading to instability [1]