Your have explained well about debt and ownership. Yes when there is low debt then demand of Steem Tokens increases and investors also. When debt ratio is 10 percent then there is no printing of SBD. Ad now a days we are facing the same situation. We are not getting reward in SBD . Reason is that debt ratio is more than 1p percent as I have mention in my entry post with analysis. According to me debt ownership ratio is 13.6 percent that is more than 1p percent that's why there is no printing of SBD. That's why post reward is not given in the form of SBD. Thank you for this informative post. Good luck for the contest.