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re: International finance guys...question about world debt
Posted on 10/12/17 at 11:57 am to roadGator
Posted on 10/12/17 at 11:57 am to roadGator
quote:This is why the debt on the national and global becomes almost as abstract to me as an infinite v. finite universe. I get why the concepts mean at a literal level and in theory, but their conceptualization on the practical level is oddly abstract and confusing. Usually it's the other way around.
How does country A lend money to country B when Country A is also in debt up to its ears and beyond?
1
Posted on 10/12/17 at 12:09 pm to buckeye_vol
Another point to consider is that the US government may be $20 trillion in debt but it still has a large amount of assets too, though not $20 trillion.
And when you factor in all assets and debt (both public and private), the US has a net worth of over $200 trillion thanks to households, businesses, and local governments.
And when you factor in all assets and debt (both public and private), the US has a net worth of over $200 trillion thanks to households, businesses, and local governments.
This post was edited on 10/12/17 at 12:11 pm
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