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National debt going insane all over the world
Posted on 12/5/18 at 8:22 pm
Posted on 12/5/18 at 8:22 pm
If the debt is up every where, then which countries are the beneficiaries of it? I am just unsure how this works. I mean, if it is doomsday, then why wouldn't it be a united front by all parties to stop it?
14
Posted on 12/5/18 at 8:24 pm to rpg37
The majority of our (US) debt is owed to ourselves.
Posted on 12/5/18 at 8:27 pm to rpg37
You're confusing debt and deficit. Debt, at the core, isn't necessarily a bad thing.
Posted on 12/5/18 at 8:28 pm to rpg37
China hold most of our debt.
Posted on 12/5/18 at 8:28 pm to nugget
SO, when I see the $21 trillion, what is that identifying?
Posted on 12/5/18 at 8:30 pm to MileHighDraw
quote:
China hold most of our debt.
Nope.
Posted on 12/5/18 at 8:32 pm to rpg37
its just so insanely stupid because everyone owes everyone else so just get a pencil and paper and start scratching off debt for debt and balance what can be balanced. instead they rather stay in debt even when they could be debt free because they use debt as a form of currency for political gains
Posted on 12/5/18 at 8:32 pm to rpg37
quote:
SO, when I see the $21 trillion, what is that identifying?
That's debt. We all borrow money from each other. If I borrow 10 million from you and you borrow 10 million from me, were both in 10 million of debt, but don't have a deficit. That's very simplistic, but it's the general gist.
Posted on 12/5/18 at 8:32 pm to MileHighDraw
China holds very little of our debt. We owe it to ourselves.
Posted on 12/5/18 at 8:34 pm to rpg37
SS is holding a bunch of IOUs from the federal Gov’t...
Posted on 12/5/18 at 8:35 pm to rpg37
As usual, banks are the benficiaries.
Posted on 12/5/18 at 8:37 pm to rpg37
Beside 21T in debt. US has over 130T in UFUNDED liability. So does debt matter?
Posted on 12/5/18 at 8:39 pm to KingOrange
quote:
US has over 130T in UFUNDED liability. So does debt matter?
Socialized medicine with death panels could put a big dent into that.
Posted on 12/5/18 at 8:54 pm to rpg37
Posted on 12/5/18 at 8:56 pm to nugget
So at what point does debt become a bad thing? Hope you aren’t responsible for your own finances.
Posted on 12/5/18 at 9:09 pm to SlapahoeTribe
quote:
The majority of our (US) debt is owed to our central bank overlords.
FIFY
Posted on 12/5/18 at 9:12 pm to nugget
quote:
That's debt. We all borrow money from each other. If I borrow 10 million from you and you borrow 10 million from me, were both in 10 million of debt, but don't have a deficit. That's very simplistic, but it's the general gist.
Well that’s not right at all.
Posted on 12/5/18 at 9:13 pm to keakar
quote:
its just so insanely stupid because everyone owes everyone else so just get a pencil and paper and start scratching off debt for debt and balance what can be balanced.
So I take it you don’t like your 401K?
Posted on 12/5/18 at 9:24 pm to rpg37
quote:
I am just unsure how this works.
Read up on The Creature of Jekyll Island
Posted on 12/5/18 at 9:27 pm to rpg37
The whole world plays by the same parlor game. The world economy is just a legalized casino. The West (The US) holds the trump card (no pun intended) of the petrodollar. Other nations just dance to the tune. All benefiting the financial elite at the top of the casino pyramid. Or something to that effect.
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