Global Debt

[Voltaire]

Interesting article on Global Debt.
Looks like a load of pain is being deferred by debt.

http://www.zerohedge.com/news/2017-0...-ready-explode

Be interesting to see how the Dutch election goes and will that cause the EU to unravel?

Donald is busy sorting out tax breaks for his Swampdrainers.

[Katman]

And I wonder who it is we're in debt to.

(Cue Akzle)

[Akzle]

And I wonder who it is we're in debt to.

(Cue Akzle)

well, i mean, obviously jews. the imf, world bank, israel... but that's what you get when control of the money supply is contracted out of your "representatives' " "authority".


but hey. vote about shit, crackers, it's been solving problems for//


stupid old white cunts. fucken die already.

[mashman]

bwaaaaaaaaaaaaa ha ha ha ha ha ha ha ha haaaaaa... it's ok, we can move the chairs around and keep on truckin'. Someone should look into Resource Based Economy and how to get there

[Mike.Gayner]

Zero Hedge as a source for financial information? Oh lawd.

BTW, money is a closed system, it's literally impossible for global net debt to exist.

[Akzle]

bwaaaaaaaaaaaaa ha ha ha ha ha ha ha ha haaaaaa... it's ok, we can move the chairs around and keep on truckin'. Someone should look into Resource Based Economy and how to get there

t'll nevar catch on i tells ya. got burn shit!



if only ocean was here to explain why everyone is economoney and it's good.

[Brian d marge]

Zero Hedge as a source for financial information? Oh lawd.

BTW, money is a closed system, it's literally impossible for global net debt to exist.

Please explain by what u mean as a closed system





sent for a divine source

[Brian d marge]

well, i mean, obviously jews. the imf, world bank, israel... but that's what you get when control of the money supply is contracted out of your "representatives' " "authority".


but hey. vote about shit, crackers, it's been solving problems for//


stupid old white cunts. fucken die already.

Stamford hill in my old stomping ground have been putting up signs



sent for a divine source

[Mike.Gayner]

If I lend you $5,000, you have $5,000 of debt, and I have a $5,000 asset. Net debt in the "system" (you and me) is nil - $5,000 liability offset by $5,000 asset. Net debt can't exist.

Money doesn't come from nowhere - it is printed by reserve banks and conveyed by way of bond issue - and that's basically the situation above. It gets complex because fractional reserve banking then "creates" more money within the system, but net debt literally can't exist in this system.

[Akzle]

BTW, money is a closed system, it's literally impossible for global net debt to exist.

and yet somehow it does

nationaldebtclocks.org


"money" (currency) isn't "closed loop" as nothing of actual value or actual scarcity is used to measure. and "they" add more as they feel like. to maintain artificial scarcity and voluntary servitude of the white masses.


i think maybe you were looking for the words "imaginary bullshit" or "fairy banker's asshole"

[Mike.Gayner]

and yet somehow it does

nationaldebtclocks.org

Here's why this is misleading: that's a gross debt calculator. Let's say we live in a world with 3 countries: USA, China and Russia. In this simple world, USA borrows $10b from China. China has lent USA $10b, of which $5b was internally generated and $5b was borrowed from Russia at a cheap rate. Russia lent that $5b to China, which it borrowed from the people of the USA.

As per that debt clock website, gross debt is:
USA $10b (owed to China)
China $5b (owed to Russia)
Russia $5b (owed to USA)
Total $20b debt

But the NET DEBT is:
USA $5b
China -$5b
Russia $0
Net Debt $0

Is it fair to say every person in earth owes $21k (on average) if every person on earth is also OWED $21k (on average)?

I'm not making any judgement on the even/uneven distribution of wealth/debt, but the idea of GLOBAL DEBT is a fallacy.

[Brian d marge]

Here's why this is misleading: that's a gross debt calculator. Let's say we live in a world with 3 countries: USA, China and Russia. In this simple world, USA borrows $10b from China. China has lent USA $10b, of which $5b was internally generated and $5b was borrowed from Russia at a cheap rate. Russia lent that $5b to China, which it borrowed from the people of the USA.

As per that debt clock website, gross debt is:
USA $10b (owed to China)
China $5b (owed to Russia)
Russia $5b (owed to USA)
Total $20b debt

But the NET DEBT is:
USA $5b
China -$5b
Russia $0
Net Debt $0

Is it fair to say every person in earth owes $21k (on average) if every person on earth is also OWED $21k (on average)?

I'm not making any judgement on the even/uneven distribution of wealth/debt, but the idea of GLOBAL DEBT is a fallacy.

I understand where ur coming from and yes that's how book keeping works
They use the same fraud for student loans
But I'm afraid that's not how money is created and loaned / used
I've been meaning to write it down anyway so give me a little time and I will post it
Trust me it's the biggest scam you can think of
Wish I had thought of it
Hang on a few min and I'll get on to it

sent for a divine source

[Swoop]

If the Green Party (aka "lunatic fringe") are elected they will solve debt in the same manner as the Global Financial Crisis...
Their policy was to "Print more money!".

[Akzle]

Here's why this is misleading: that's a gross debt calculator. Let's say we live in a world with 3 countries: USA, China and Russia. In this simple world, USA borrows $10b from China. China has lent USA $10b, of which $5b was internally generated and $5b was borrowed from Russia at a cheap rate. Russia lent that $5b to China, which it borrowed from the people of the USA.

As per that debt clock website, gross debt is:
USA $10b (owed to China)
China $5b (owed to Russia)
Russia $5b (owed to USA)
Total $20b debt

But the NET DEBT is:
USA $5b
China -$5b
Russia $0
Net Debt $0

Is it fair to say every person in earth owes $21k (on average) if every person on earth is also OWED $21k (on average)?

I'm not making any judgement on the even/uneven distribution of wealth/debt, but the idea of GLOBAL DEBT is a fallacy.

i like how you say "internally generated" when you really mean "made that shit up"

even simpler. 2 countries Gay(ner)-land and Ax-land. we each have 50 dollars. Total global monies is 100$.

you go jew, lend me 30 bucks and now i owe you 40.

hurrah economoney!

[Brian d marge]

If the Green Party (aka "lunatic fringe") are elected they will solve debt in the same manner as the Global Financial Crisis...
Their policy was to "Print more money!".

why not , Japan does ....

sent for a divine source