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Morfx
Junior Member
Posts โข 2,697
Likes โข 2,813
May 2013
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World debt , by Morfx on May 20, 2017 10:27:12 GMT 1, Call me a plonker but why is this so hard to settle?
Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on.
Constantly passing it on writing off loads of debts with the same money...
Am I just being stupid??
Call me a plonker but why is this so hard to settle?
Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on.
Constantly passing it on writing off loads of debts with the same money...
Am I just being stupid??
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Dr Plip
Junior Member
Posts โข 7,043
Likes โข 8,981
August 2011
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Everything is unsustainable. Everyone is peddlin' as hard as they can.
Too many people.
Too many people wanting 20%.
Everything is unsustainable. Everyone is peddlin' as hard as they can.
Too many people.
Too many people wanting 20%.
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Dr Plip
Junior Member
Posts โข 7,043
Likes โข 8,981
August 2011
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World debt , by Dr Plip on May 20, 2017 10:34:24 GMT 1, Call me a plonker but why is this so hard to settle? Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on. Constantly passing it on writing off loads of debts with the same money... Am I just being stupid??
Call me a plonker but why is this so hard to settle? Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on. Constantly passing it on writing off loads of debts with the same money... Am I just being stupid?? I'd still trust you more with the economy over the Conservatives. |
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Morfx
Junior Member
Posts โข 2,697
Likes โข 2,813
May 2013
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World debt , by Morfx on May 20, 2017 10:42:52 GMT 1, Call me a plonker but why is this so hard to settle? Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on. Constantly passing it on writing off loads of debts with the same money... Am I just being stupid?? I'd still trust you more with the economy over the Conservatives.
I've never been good at economics... 
Call me a plonker but why is this so hard to settle? Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on. Constantly passing it on writing off loads of debts with the same money... Am I just being stupid?? I'd still trust you more with the economy over the Conservatives. I've never been good at economics... |
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Dr Plip
Junior Member
Posts โข 7,043
Likes โข 8,981
August 2011
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World debt , by Dr Plip on May 20, 2017 11:00:08 GMT 1, I'd still trust you more with the economy over the Conservatives. I've never been good at economics... Don't sell yourself short. At this stage, I reckon we should give your idea a go.
I'd still trust you more with the economy over the Conservatives. I've never been good at economics... Don't sell yourself short. At this stage, I reckon we should give your idea a go.
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World debt , by Jeezuz Jones Snr on May 20, 2017 11:04:37 GMT 1, Everything is unsustainable. Everyone is peddlin' as hard as they can.
Too many people.
Too many people wanting 20%.
I don't know much about economics but it doesn't look good. Intrest rates are at record lows world wide which encourages people to borrow more, if you have savings you don't earn any interest so people buy houses, art etc...to create equity which creates bubbles. Youth unemployment is starting to go up quickly and governments fudge the figures.
Think the next crisis/depression could be a long drawn out affair..
apologies for the doom and gloom had a few red wines, got me thinking of the future for my kids..
Everything is unsustainable. Everyone is peddlin' as hard as they can.
Too many people.
Too many people wanting 20%.
I don't know much about economics but it doesn't look good. Intrest rates are at record lows world wide which encourages people to borrow more, if you have savings you don't earn any interest so people buy houses, art etc...to create equity which creates bubbles. Youth unemployment is starting to go up quickly and governments fudge the figures. Think the next crisis/depression could be a long drawn out affair.. apologies for the doom and gloom had a few red wines, got me thinking of the future for my kids.. |
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tartarus
Junior Member
Posts โข 2,628
Likes โข 2,168
February 2013
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World debt , by tartarus on May 20, 2017 11:19:37 GMT 1, Call me a plonker but why is this so hard to settle? Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on. Constantly passing it on writing off loads of debts with the same money... Am I just being stupid??
very short version!
Call me a plonker but why is this so hard to settle? Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on. Constantly passing it on writing off loads of debts with the same money... Am I just being stupid?? They make money off the interest, and we are the ones that pay it. very short version! |
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Dr Plip
Junior Member
Posts โข 7,043
Likes โข 8,981
August 2011
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World debt , by Dr Plip on May 20, 2017 11:19:38 GMT 1, Everything is unsustainable. Everyone is peddlin' as hard as they can.
Too many people.
Too many people wanting 20%.
I don't know much about economics but it doesn't look good. Intrest rates are at record lows world wide which encourages people to borrow more, if you have savings you don't earn any interest so people buy houses, art etc...to create equity which creates bubbles. Youth unemployment is starting to go up quickly and governments fudge the figures. Think the next crisis/depression could be a long drawn out affair.. apologies for the doom and gloom had a few red wines, got me thinking of the future for my kids.. Don't apologise. It's good to think of these things. It's a failure to think with a long-term view that's got us to this point. And to the next point. And the point after that.
Everything is unsustainable. Everyone is peddlin' as hard as they can.
Too many people.
Too many people wanting 20%.
I don't know much about economics but it doesn't look good. Intrest rates are at record lows world wide which encourages people to borrow more, if you have savings you don't earn any interest so people buy houses, art etc...to create equity which creates bubbles. Youth unemployment is starting to go up quickly and governments fudge the figures. Think the next crisis/depression could be a long drawn out affair.. apologies for the doom and gloom had a few red wines, got me thinking of the future for my kids.. Don't apologise. It's good to think of these things. It's a failure to think with a long-term view that's got us to this point. And to the next point. And the point after that.
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Matt
Junior Member
Posts โข 2,348
Likes โข 3,435
September 2014
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World debt , by Matt on May 20, 2017 13:40:57 GMT 1, Call me a plonker but why is this so hard to settle? Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on. Constantly passing it on writing off loads of debts with the same money... Am I just being stupid??
Look up exponential money fallacy
Simply put : paying debt with debt does not write off debt.
Call me a plonker but why is this so hard to settle? Pretty much every country owes each other money, so why can a country say give a billion which it owes, to another country, which then gets passed to another debtor country and so on. Constantly passing it on writing off loads of debts with the same money... Am I just being stupid?? Look up exponential money fallacy Simply put : paying debt with debt does not write off debt. |
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brujo420
New Member
Posts โข 30
Likes โข 13
May 2015
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brujo420
New Member
Posts โข 30
Likes โข 13
May 2015
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mojo
Junior Member
Posts โข 2,018
Likes โข 3,283
May 2014
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World debt , by mojo on May 20, 2017 16:11:56 GMT 1, All money is a kind of debt and the world debt will never ever be paid off as debt makes money .....yeah I can't get my head round it either ...... anyway not to worry cause there's always plenty of cash for weapons and war.
All money is a kind of debt and the world debt will never ever be paid off as debt makes money .....yeah I can't get my head round it either ...... anyway not to worry cause there's always plenty of cash for weapons and war. |
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Dr Plip
Junior Member
Posts โข 7,043
Likes โข 8,981
August 2011
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World debt , by Dr Plip on May 20, 2017 16:36:06 GMT 1, 
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