Thread: $76.4 Trillion USD

Add the collective national debts of every country in the world, you find out that the world is $76.4 Trillion USD in debt.

Just sayin'

Admin

Move to Dog House or merge.


Thread is too general, and there are other "debt" threads.


Psuedo: 2 infraction points.


Sh*t, useless thread.

quantitative easing.

you know it makes sense.

Where's the gold shop, teerak?...

Originally Posted by pseudolus

Add the collective national debts of every country in the world, you find out that the world is $76.4 Trillion USD in debt.

Just sayin'

The debt was all spent on something. The money wasn't just torn up.

Originally Posted by CR7CristianoRonaldo

Originally Posted by pseudolus

Add the collective national debts of every country in the world, you find out that the world is $76.4 Trillion USD in debt.

Just sayin'

The debt was all spent on something. The money wasn't just torn up.

40% of it was debt, the rest is interest. Spent on nothing,.

There's no debt, as there's no wealth to be had.
What is valued and worthy is fantasy.

All part and parcel of the grand illusion.

This doesn't include of course the various global derivatives bubbles all around the world, the personal household debts and company corporate debts.

Want it to reach quadrillion...That's next, innit?...

Fookin' 'ell! And people make a fuss if I want to borry a tenner till giro day!

I get a call if I miss my cc card payment by a week ...

Originally Posted by BaitongBoy

Want it to reach quadrillion...That's next, innit?...

I just hope it doesn't reach a Brazilian !

Originally Posted by pseudolus

collective national debts

Throw in private debt.

"The global debt reckoning – Total global debt at $230 trillion. Total world debt over 300 percent annual GDP. There is no escape from a reckoning with debt markets."

The global debt reckoning ? Total global debt at $230 trillion. Total world debt over 300 percent annual GDP. There is no escape from a reckoning with debt markets.

Just sayin' like

Gobquintrillion.

What's in a number, huh?

If you want to avoid the crash that hasn't yet happened, just stock up on Zimbaweian dollars.

Just split the debt up between everyone ... all equal ... and just write it off ....nothing going to change, people still going to eat, sleep, go to work, shaggy etc ...life goes on ...too much fucking drama made of paper money

Originally Posted by Nawtier

Just split the debt up between everyone ... all equal ... and just write it off ....nothing going to change, people still going to eat, sleep, go to work, shaggy etc ...life goes on ...too much fucking drama made of paper money

Too much fucking drama made of fanciful reflective values of imaginary wealth.

Originally Posted by pseudolus

Add the collective national debts of every country in the world, you find out that the world is $76.4 Trillion USD in debt.

Just sayin'

this is actually misleading, the debt is actually the amount of money in circulation since this is how we create money

I know a bit hard to get, but increasing debt is actually good for the global economy

it's when we try to manage it or reduce it that we create cahos and a global recession or even a global crash, see the 2008 crisis as the perfect example of debt "reduction" when certain debt valuation reached zero because nobody could price them

Originally Posted by Dragonfly

this is actually misleading, the debt is actually the amount of money in circulation since this is how we create money

Not quite, because money is not create by private banks for FREE. It has interest attached to it, which they never create.

Lets keep this simple for you.

In the world there is only you, 1 bank, 1 house. The house costs 100 bucks.

So you go to the bank and borrow 100 bucks. You have 100 bucks, the bank has created that money out of nowhere, but it has interest attached to it. You now owe 110 buck, but there is only 100 bucks in circulation. So you pay back the 100, and then the bank says "heh fucker, where is my 10 bucks" and you say "it doesn't exist" so the bank takes your house, and now has 100 buck, 1 house, and you have fuck all. Or, in the case of the world, we have a fucking massive debt that keeps getting bigger, and the interest payments we make is simply asset stripping EVERYTHING from the world and giving it to the bankster families and all because we allow private banks to make money as debt for free, and attach interest to it.

Originally Posted by pseudolus

Not quite, because money is not create by private banks for FREE. It has interest attached to it, which they never create.

it doesn't matter, the FED for example pays itself the interests on the debt it issued. That's the paradox.

the question of national debt is far too complex to explain as a simple money mechanism, it doesn't serve the same purpose or follow the same mechanism as a simple debt. Most people can't understand that, sadly, and keep thinking that national debt is such a big issue, but it's not.

Originally Posted by pseudolus

In the world there is only you, 1 bank, 1 house. The house costs 100 bucks. So you go to the bank and borrow 100 bucks. You have 100 bucks, the bank has created that money out of nowhere, but it has interest attached to it. You now owe 110 buck, but there is only 100 bucks in circulation. So you pay back the 100, and then the bank says "heh fucker, where is my 10 bucks" and you say "it doesn't exist" so the bank takes your house, and now has 100 buck, 1 house, and you have fuck all. Or, in the case of the world, we have a fucking massive debt that keeps getting bigger, and the interest payments we make is simply asset stripping EVERYTHING from the world and giving it to the bankster families and all because we allow private banks to make money as debt for free, and attach interest to it.

again, you fail to understand how it works. Using a simplistic example can't explain the complex mechanism behind national debt and the creation of money. A better analogy would be a closed water circuit.

National debt is money. It's not the cumulative annual deficit of government spending. Even a government deficit is regulatory, not necessary a real deficit. It's an accounting measure to explain the financial accounts of a nation using a specific set of rules, which usually have nothing to do with reality or the actual cash situation of a government. You could have a fiscal surplus and still run out of money.

educate yourself on that subject, it's very tricky and not for the average person to project his rants on.

WOW! Buttplug is out on the TD streets! Pseudo to apply your analogy to what the ladyboy lover just said is the US and its GDP is good for its debt. No collapse is eminent no matter what your read over on your tin foil forums.

Originally Posted by Dragonfly

again, you fail to understand how it works. Using a simplistic example can't explain the complex mechanism behind national debt and the creation of money. A better analogy would be a closed water circuit.

Your anaolgy does not take into account INTEREST which is never created. Money as debt has INTEREST attached to it. That interest is not created along with the money that is created. Sure they don't print that in the corporate media, but if you want to refute that show me a debt that has been created money that does not have INTEREST or even an ADMIN fee attached to it... because that has not been created, so in paying the INTEREST or Admin fee back you are sucking out all wealth of the world which is natural resources, land, and people.

Originally Posted by bsnub

WOW! Buttplug is out on the TD streets! Pseudo to apply your analogy to what the ladyboy lover just said is the US and its GDP is good for its debt. No collapse is eminent no matter what your read over on your tin foil forums.

What are you banging on about now?

Originally Posted by pseudolus

Originally Posted by Dragonfly

again, you fail to understand how it works. Using a simplistic example can't explain the complex mechanism behind national debt and the creation of money. A better analogy would be a closed water circuit.

Your anaolgy does not take into account INTEREST which is never created. Money as debt has INTEREST attached to it. That interest is not created along with the money that is created. Sure they don't print that in the corporate media, but if you want to refute that show me a debt that has been created money that does not have INTEREST or even an ADMIN fee attached to it... because that has not been created, so in paying the INTEREST or Admin fee back you are sucking out all wealth of the world which is natural resources, land, and people.

Can't truly be indebted when the debt is based on nothing and a cycle of nothing, yes?

As soon as folks realize there isn't any real functional wealth or worth, the better off they'll be - or maybe not.....might not work for those who insist to living the perpetual illusion.