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re: International finance guys...question about world debt
Posted on 10/12/17 at 12:09 pm to buckeye_vol
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
3
Posted on 10/12/17 at 12:12 pm to cahoots
I have no idea how but I skipped over private/public bonds and I even have a stack of them somewhere. 
Posted on 10/12/17 at 12:37 pm to cahoots
quote:
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.
Oh, they know where to come knocking for the rest of that 20 trillion in assets... Beleee dat.
Posted on 10/12/17 at 12:41 pm to cahoots
quote:
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.
What are you saying here? What difference does it make to the US, in this context, if Bill Gates or whoever has a $100 billion net worth?
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