Everyone is in Debt !! (325)
Spain are doing well, tourism probably the reason for them being the lowest.
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"Everyone is in Debt !!"
Big mistake, the politicians who have managed all these credits, they DO NOT, ellos están viendo los toros desde la barrera.
Big mistake, the politicians who have managed all these credits, they DO NOT, ellos están viendo los toros desde la barrera.
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Huitzilopochtli: "Everyone is in Debt !!"Big mistake, the politicians who have managed all these credits, they DO NOT, ellos están viendo los toros desde la barrera.
they own them - los toros
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Bogart_1960: hola, no it does not.
From your reference Bogart.
The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock (updated September 2012) shows the global figure for almost all government debts in dollar terms.
Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as various euro-zone governments have done, and the country (and its neighbours) can be plunged into crisis.
Bogart_1960: Goverment does not "own money to the cititzens". they (Gov) have to repay to bond (debt), by incresing taxes or taxing cititzens as usual.
Any way I am not an expert in countries debts.
I rest my case Bogart!
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Bogart_1960: they own them - los toros
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Yet, these public debt figures may be seen from a different perspective. As what a government is paying for its social welfare of it's citizens for example. But also for other things like military/surveillance expenditure, etc. So these bigger general numbers can be both good and bad.
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Bogart_1960: The Global Debt Clock
I just checked the "World Debt Map" and "World debt comparison"... and it looks like everyone is in debt !!
How is it that an entire planet is in debt? It's not like everyone had money and spend it.. but as money is made out of nothing. and "debt" is money for some.... a few questions.
1. why are we in debt?
2. if everyone is in some sort of debt, then where is all the money?!!
3. who is everyone in debt too? who's holding the other side of this?
"The clock is ticking. Every second, it seems, someone in the world takes on more debt."
Debt per person:
US - $45,966.44
France - $37,535.14
Uk - $38,614.55
Spain - $22,642.68
Germany - $34,215.31http://www.economist.com/content/global_debt_clock
Someone should make a profit,out of this global debt.Who this might be????I just checked the "World Debt Map" and "World debt comparison"... and it looks like everyone is in debt !!
How is it that an entire planet is in debt? It's not like everyone had money and spend it.. but as money is made out of nothing. and "debt" is money for some.... a few questions.
1. why are we in debt?
2. if everyone is in some sort of debt, then where is all the money?!!
3. who is everyone in debt too? who's holding the other side of this?
"The clock is ticking. Every second, it seems, someone in the world takes on more debt."
Debt per person:
US - $45,966.44
France - $37,535.14
Uk - $38,614.55
Spain - $22,642.68
Germany - $34,215.31http://www.economist.com/content/global_debt_clock
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lifeisadream: From your reference Bogart.
The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock (updated September 2012) shows the global figure for almost all government debts in dollar terms.
Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as various euro-zone governments have done, and the country (and its neighbours) can be plunged into crisis.Any way I am not an expert in countries debts.
I rest my case Bogart!
The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock (updated September 2012) shows the global figure for almost all government debts in dollar terms.
Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as various euro-zone governments have done, and the country (and its neighbours) can be plunged into crisis.Any way I am not an expert in countries debts.
I rest my case Bogart!
Oh I see. the first paragraph is a quote from the site. that is "in context" of global debt.
my questions has to do with the concept of "debt" and "money". where is debt a "asset" or a burden to the people (all). and where is the money in debt.
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chris27292729: Someone should make a profit,out of this global debt.Who this might be????
"I believe that banking institutions are more dangerous to our liberties than standing armies.” –Thomas Jefferson
I did not say that !!
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2intrigued: According to that link, Canada is in greater debt than the US.
Here's your reason
Canadians should be up in arms about this as Canada has the natural advantages of a small population and large reserves of natural resources. Lowering your trade deficit should be easier because of this.
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Only banks "make" money.
The working people and creative successful companies make some money to the moment they start to loose it by for example "investing" in buying a new car by lease or a home on mortgage, or for a firm just doing a bad step like borrowing money for a bad new idea/thing development.
The working people and creative successful companies make some money to the moment they start to loose it by for example "investing" in buying a new car by lease or a home on mortgage, or for a firm just doing a bad step like borrowing money for a bad new idea/thing development.
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Obstinance_Works: Here's your reason
Canadians should be up in arms about this as Canada has the natural advantages of a small population and large reserves of natural resources. Lowering your trade deficit should be easier because of this.
Canadians should be up in arms about this as Canada has the natural advantages of a small population and large reserves of natural resources. Lowering your trade deficit should be easier because of this.
no, it does not. beacuse the way how money is "created", and nature of private central banks, there will always be "debt". more than there is actual "money".
the article is about trade debt. not "national debt". but very good point if you take "money" out of the equation.
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"I believe that banking institutions are more dangerous to our liberties than standing armies.” –Thomas Jefferson
Very well said.
Very well said.
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Bogart_1960: "I believe that banking institutions are more dangerous to our liberties than standing armies.” –Thomas Jefferson
I did not say that !!
It looks like """Down with banks""" and safe keeping our money under the mattress.I did not say that !!
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chris27292729: It looks like """Down with banks""" and safe keeping our money under the mattress.
but if you want to be scared, here another one.
“The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent.” – John Kenneth Galbraith, Canadian-born economist, Harvard professor. Source: ‘Money: Whence it came, where it went’ (1975)
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Bogart_1960: no, it does not. beacuse the way how money is "created", and nature of private central banks, there will always be "debt". more than there is actual "money".
the article is about trade debt. not "national debt". but very good point if you take "money" out of the equation.
the article is about trade debt. not "national debt". but very good point if you take "money" out of the equation.
That's why I put make in quotes i.e. banks don't create real money but simply money, and debts to each other alonside.
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Bogart_1960: no, it does not. beacuse the way how money is "created", and nature of private central banks, there will always be "debt". more than there is actual "money".
the article is about trade debt. not "national debt". but very good point if you take "money" out of the equation.
the article is about trade debt. not "national debt". but very good point if you take "money" out of the equation.
Technically you're correct. There is more debt than there is actual money just as there is more "money" than there are things to buy.
National debt(like all debt)is what has arised in nations that consume more than they create. Our governments spend more money than they have to spend in order to to raise living standards beyond what the citizen total works for. If we ignore the voodoo economics of financial charlatans, then the common sense and fundamental cause of getting into debt is buying more than you sell - consuming more than you create - hence why the trade deficit is the real reason for the debt problem.
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I've often wondered about all this global national debt. If you take 3 countries A, B, and C. A owes a Billion dollars to B, B, owes a Billion dollars to C, and C owes a Billion dollars to A. A can't pay B until it collects a Billion dollars from C, B can't pay A until it collects a Billion dollars from C and C can't pay A until it collects a Billion dollars from B. So nobody gets out of debt and it just goes on forever.
Why can't some overseer step in and plug all this into a super computer and figure this all out until in the end everybody will get paid and there will be no more debt.
I guess that would be just too simple.
Why can't some overseer step in and plug all this into a super computer and figure this all out until in the end everybody will get paid and there will be no more debt.
I guess that would be just too simple.
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Obstinance_Works: Technically you're correct. There is more debt than there is actual money just as there is more "money" than there are things to buy.
National debt(like all debt)is what has arised in nations that consume more than they create. Our governments spend more money than they have to spend in order to to raise living standards beyond what the citizen total works for. If we ignore the voodoo economics of financial charlatans, then the common sense and fundamental cause of getting into debt is buying more than you sell - consuming more than you create - hence why the trade deficit is the real reason for the debt problem.
National debt(like all debt)is what has arised in nations that consume more than they create. Our governments spend more money than they have to spend in order to to raise living standards beyond what the citizen total works for. If we ignore the voodoo economics of financial charlatans, then the common sense and fundamental cause of getting into debt is buying more than you sell - consuming more than you create - hence why the trade deficit is the real reason for the debt problem.
i see your point, but you are mixing two "ideas" and context -trade and money creation/goverment expenditures. (by the way, I agree with both your premises).
1. the money to pay back the debt does not exist in the system, unless you create it as more debt. look into how money is created first.
2. even if every pound, euro and dollar was put in the system it is mathematically impossible to reach zero debt. trhere's just not enough "money" in the world to pay it off all the debt, unless you change the monetary system.
3. most money is "compensated" with debt, not actual values.
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hola, no it does not.