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'
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?...
It's what happens when you let selfish, ignorant baby boomers set fiscal policy.
As the Daily Mail makes perfectly clear every day the next generation is greedy and entitled, an enormously expensive nuclear arsenal is the best defense against the ISIS-du-jour, pensions should be inviolate (unless yours is small, then it's game on), the NHS is full of thieving doctors padding their overtime to bankrupt society and so slashing every benefit except those that help bankers keep a bonus is vital to reduce the crippling debt bequeathed to the legion of job seekers who have no possibility of ever finding stable employment and will work until they are 85 only to discover that their pension was privatised and vanished in a crash.
bibo ergo sum
If you hear the thunder be happy - the lightening missed.
This time.
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 ...
Throw in private debt.Originally Posted by pseudolus
"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
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
Not quite, because money is not create by private banks for FREE. It has interest attached to it, which they never create.Originally Posted by Dragonfly
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.
it doesn't matter, the FED for example pays itself the interests on the debt it issued. That's the paradox.Originally Posted by pseudolus
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.
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.Originally Posted by pseudolus
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.
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 Dragonfly
What are you banging on about now?Originally Posted by bsnub
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.
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