With the downturn, world financial crisis, economic meltdown, recession or just general monetary screw up, whatever you call it, we hear of USA and European nations in massive debt, plus we hear about world debt and Africa's national debt.....I want to know is there a country who is actually not in debt.
I know that Governments issue bonds which are technically debts, but they are also an investment insentive too, they help the economy. I know credit cards are debts too along with Morguages and finance plans for large purchases. I don't really mean these types of debt as a country couldn't/wouldn't run properly. I mean taking total income from all taxs, government duties %26amp; levys and revenue streams versus national investment and government expenditure.....is there a national who has green numbers at the bottom of their bank statement or is everyone in debt?
If everyone IS in debt in that sense, then is there at least 1 country who ISN'T in debt to another country at least?|||Canada. They're planning to take over the world...soon.|||10 years ago there were 5 (Saudi Arabia, Iran, Iraq, Pakinstan and Afghanistan) Since our 3 recent wars 3 have fallen in line with the world banking elite. Only 2 remain Iran and Pakistan which is why I believe we will soon war with them.|||this is planed so the Switch to the Euro can happen debt is the smoke and mirrors i am always talking about...|||China,they are the world's banker .
Friday, December 2, 2011
What do you think of this statement of the bailout/stimulus approach to borrowing our way out of debt?
"There is something desperate about the way people on both sides of the Atlantic are clinging to their dog-eared copies of John Maynard Keynes's General Theory. Uneasily aware that their discipline almost entirely failed to anticipate the current crisis, economists seemed to be regressing to macroeconomic childhood, clutching the multiplier like an old teddy bear.
The harsh reality that is being repressed is this: the Western world is suffering a crisis of excessive indebtedness. Many governments are too highly leveraged, as are many corporations. More importantly, households are groaning under unprecedented debt burdens. Average household sector debt has reached 141 per cent of disposable income in the United States and 177 per cent in the United Kingdom. Worst of all are the banks. Some of the best-known names in American and European finance have balance sheets forty, sixty or even a hundred times the size of their capital. Average U.S. investment bank leverage was above 25 to 1 at the end of 2008. Eurozone bank leverage was more than 30 to 1. British bank balance sheets are equal to a staggering 440 per cent of gross domestic product
The delusion that a crisis of excess debt can be solved by creating more debt is at the heart of the Great Repression. Yet that is precisely what most governments currently propose to do.|||Bad Idea if I have no money to pay my bills I don't take a loan out that I also cannot pay back|||An idea doomed for failure.|||obama stole the idea from us republicans
we should be complaining about that|||Going into debt never helps a person on a singular basis, let alone on a large scale like a country.|||Are you really interested in another opinion, or just spouting your own?|||we are so screwed - people are going to wake up with their entire life savings gone - when that reality hits main street Obama is right about one thing there will be catastrophe|||I've done it myself regarding my credit cards. Transferred balances to a card offering 0% interest for 6 months which allowed me to pay off my balance versus interest. Some of those countries which are having financial difficulties because of the global crisis offered lower interest rates for our debts so we can afford to borrow more to get the economy back on track. It really isn't costing us extra by the savings the interest rate will produce.|||I would like to see what would happen if nothing was done.
But I am scared of losing money that has been invested in the stock market for half my life.
If the stock market continues a long and slow dive, the money lost would be way more than 700 billion.
I don't really know if this would be the case but it is a scary thought to lose all the money we have been saving for the last 25 years by doing nothing.|||Bottom line is that people want and think that some way they can afford to have:
a $400,000 house, a $40,000 car, $10,000 credit limit on 4 credit cards and buy our children every little gadget and phone they want.
meanwhile we only earn $50,000 a year.
the bucket has a hole in it, and they keep putting water in and wondering why it doesn't stay.|||its a terrible idea. Its the globalist mentality that changed our commerce regulations in 1917. Instead of being a true asset monetary system it became a debt system where the privately own federal reserve can loan out money to own all houses and land through there debt system. 1929 the imploded there debt bubble and seized and foreclosed all the people's assets. In other words the fed reserve now owns everything in the united states. Through the years the globalists have pushed out a one world government loaning money out on this debt system to where every country in the world has this debt system. Just like in 1929 they imploded this economic bubble all over the world instead of just in the united states. That way they can be the world bank! Own everything. It is all happening folks. Please wake up ! Do your own research! Get pissed off about this! Our goverment is looting us and taking away our liberties! Wake the hell up !|||We are returning to Keynes because there are no monetary more tools to be used. How did you get the 10 per cent number. The current ratio is almost 90%. At one time, US had a debt ratio of 120% and we survived. See the link below for details.|||I think it is a leap into an economic abyss. The country will be bankrupt and balkanized by the end of Obama's first term. Hyperinflation will bring about total collapse of our nation and force the states to secede to save themselves from utter ruin. People thought the USSR was too big and powerful to go down too. I think we are about to prove we are not much better when push comes to shove.|||There are already bad banks. They are called citibank, Goldman sachs and others. THis is an old trick of business. American Express dumped all tehre crappy investment into Lehmans Brother and let it tank, while it keeps the profits .
The harsh reality that is being repressed is this: the Western world is suffering a crisis of excessive indebtedness. Many governments are too highly leveraged, as are many corporations. More importantly, households are groaning under unprecedented debt burdens. Average household sector debt has reached 141 per cent of disposable income in the United States and 177 per cent in the United Kingdom. Worst of all are the banks. Some of the best-known names in American and European finance have balance sheets forty, sixty or even a hundred times the size of their capital. Average U.S. investment bank leverage was above 25 to 1 at the end of 2008. Eurozone bank leverage was more than 30 to 1. British bank balance sheets are equal to a staggering 440 per cent of gross domestic product
The delusion that a crisis of excess debt can be solved by creating more debt is at the heart of the Great Repression. Yet that is precisely what most governments currently propose to do.|||Bad Idea if I have no money to pay my bills I don't take a loan out that I also cannot pay back|||An idea doomed for failure.|||obama stole the idea from us republicans
we should be complaining about that|||Going into debt never helps a person on a singular basis, let alone on a large scale like a country.|||Are you really interested in another opinion, or just spouting your own?|||we are so screwed - people are going to wake up with their entire life savings gone - when that reality hits main street Obama is right about one thing there will be catastrophe|||I've done it myself regarding my credit cards. Transferred balances to a card offering 0% interest for 6 months which allowed me to pay off my balance versus interest. Some of those countries which are having financial difficulties because of the global crisis offered lower interest rates for our debts so we can afford to borrow more to get the economy back on track. It really isn't costing us extra by the savings the interest rate will produce.|||I would like to see what would happen if nothing was done.
But I am scared of losing money that has been invested in the stock market for half my life.
If the stock market continues a long and slow dive, the money lost would be way more than 700 billion.
I don't really know if this would be the case but it is a scary thought to lose all the money we have been saving for the last 25 years by doing nothing.|||Bottom line is that people want and think that some way they can afford to have:
a $400,000 house, a $40,000 car, $10,000 credit limit on 4 credit cards and buy our children every little gadget and phone they want.
meanwhile we only earn $50,000 a year.
the bucket has a hole in it, and they keep putting water in and wondering why it doesn't stay.|||its a terrible idea. Its the globalist mentality that changed our commerce regulations in 1917. Instead of being a true asset monetary system it became a debt system where the privately own federal reserve can loan out money to own all houses and land through there debt system. 1929 the imploded there debt bubble and seized and foreclosed all the people's assets. In other words the fed reserve now owns everything in the united states. Through the years the globalists have pushed out a one world government loaning money out on this debt system to where every country in the world has this debt system. Just like in 1929 they imploded this economic bubble all over the world instead of just in the united states. That way they can be the world bank! Own everything. It is all happening folks. Please wake up ! Do your own research! Get pissed off about this! Our goverment is looting us and taking away our liberties! Wake the hell up !|||We are returning to Keynes because there are no monetary more tools to be used. How did you get the 10 per cent number. The current ratio is almost 90%. At one time, US had a debt ratio of 120% and we survived. See the link below for details.|||I think it is a leap into an economic abyss. The country will be bankrupt and balkanized by the end of Obama's first term. Hyperinflation will bring about total collapse of our nation and force the states to secede to save themselves from utter ruin. People thought the USSR was too big and powerful to go down too. I think we are about to prove we are not much better when push comes to shove.|||There are already bad banks. They are called citibank, Goldman sachs and others. THis is an old trick of business. American Express dumped all tehre crappy investment into Lehmans Brother and let it tank, while it keeps the profits .
Right now the hacking scandal has died down a little, are we all doomed?
Looks like Greece will default on it's debt, the contagion is spreading to Italy and even the U.S. is having difficulty balancing it's budget and may have it's credit rating cut.
Are the Events of the banking crisis of 2008 finally coming home to roost. Are we on the cusp of a recession turning into a depression.
http://uk.reuters.com/article/2011/07/20鈥?/a>
http://www.guardian.co.uk/business/2011/鈥?/a>|||We may be on the "Cusp" as you put it, but, that does not mean we will go beyond that. Here in the USA politicians love to play "Brinkmanship" political games in order to impress the Electorate. At the end of the day, it is drinks all around and Business as usual.
Please don't lose to much sleep on this one.
Proud Vet
Are the Events of the banking crisis of 2008 finally coming home to roost. Are we on the cusp of a recession turning into a depression.
http://uk.reuters.com/article/2011/07/20鈥?/a>
http://www.guardian.co.uk/business/2011/鈥?/a>|||We may be on the "Cusp" as you put it, but, that does not mean we will go beyond that. Here in the USA politicians love to play "Brinkmanship" political games in order to impress the Electorate. At the end of the day, it is drinks all around and Business as usual.
Please don't lose to much sleep on this one.
Proud Vet
Impacts of European Debt Crisis?
What are possible impacts that the European debt crisis may have on Australia?|||Since Australia get connected with China these days, I see that Australian government will follow the China's model soon. What China did last week, was to change parts if its foreign reserve from Euro to Yen. Do you see the difference? Yes, Yen is apprciated, but Euro is going down. I do hope that it won't be a political unrest in Greece. Spain will forget the reality for a while because of the world cup. But it will be so soon. Austerity, discipline and commitment are hard to follow. You bet.|||Aussie Banks holding Euro Debt could see their investments wiped out of countries start failing and the Euro tanks. Before long, Aussie banks are collapsing.|||barter has returned worldwide
Greece on the Verge of Bankruptcy: What will be the consequences of it for the European currency?
I know bankruptcy did not exist in ancient Greece but
We all know there's a lot of talk about the declining dollar, but might we better be worrying about the euro. Greece may finally be reaching the end of its ability to borrow at any price and what the euro zone does about this crisis may determine whether the euro ultimately survives.
Why do we have to pay our debts back to European countries. They have funded our country during the last 30 years by the money of their tax payers. I read Merkel supports Greece but our biggest debt is to Germany so why don't Germans and other Europeans wipe off debt?
http://www.spiegel.de/international/europe/0,1518,666886,00.html
http://www.earthtimes.org/articles/show/298743,merkel-voices-support-for-greece-despite-debt-rating.html
http://business.theatlantic.com/2009/12/greece_threatens_bankruptcy_and_the_eurozone.php|||Our national debt is 20% of our GDP !!! We are broken out !|||Beware of anal or other sexual insults ! Not very safe for foreigners.
|||No consequence.If you think about it greece as all of us now is a small country.A bankcrupcy won't decrease the euros worth,while a new upcoming country with another currency will.China let's say.OF course all this except if it changes to euros,resulting in the excactly opposite.|||we are malakas|||The following excerpts from Der Spiegel's article pretty much sums it up:
In any case, the EU cannot push Greece out of the euro zone and leave the country up to its own devices, although the Greeks did cheat their way into the common currency club with the aid of fudged budget figures, as Axel Weber, president of Germany's central bank, the Bundesbank, recently made clear at a board meeting.
And this:
There is also a lack of trust in Greek promises within the EU. All too often in the past the Greeks have vowed to make improvements. In Berlin and Brussels politicians are increasingly grappling with the question of how to effectively help the Greeks.
So actually Greece created it by herself and the rest of the EU ignored the situation. Let them clean their own mess now. The EU project, from head to toe has always been a semi-stillborn baby in my opinion. Allowing countries like Portugal, Greece and Baltic states inside, hastily (and as stated above, Greece could only fraudulently joined in the EURO zone) was a political decision but never economical, especially in the case of Baltic states.
Tho, no one get me wrong, i'm not such kind of a sadist who would sit back and enjoy Greece's demise. I hope you'll recover for the sake of everyone.
We all know there's a lot of talk about the declining dollar, but might we better be worrying about the euro. Greece may finally be reaching the end of its ability to borrow at any price and what the euro zone does about this crisis may determine whether the euro ultimately survives.
Why do we have to pay our debts back to European countries. They have funded our country during the last 30 years by the money of their tax payers. I read Merkel supports Greece but our biggest debt is to Germany so why don't Germans and other Europeans wipe off debt?
http://www.spiegel.de/international/europe/0,1518,666886,00.html
http://www.earthtimes.org/articles/show/298743,merkel-voices-support-for-greece-despite-debt-rating.html
http://business.theatlantic.com/2009/12/greece_threatens_bankruptcy_and_the_eurozone.php|||Our national debt is 20% of our GDP !!! We are broken out !|||Beware of anal or other sexual insults ! Not very safe for foreigners.
Report Abuse
|||No consequence.If you think about it greece as all of us now is a small country.A bankcrupcy won't decrease the euros worth,while a new upcoming country with another currency will.China let's say.OF course all this except if it changes to euros,resulting in the excactly opposite.|||we are malakas|||The following excerpts from Der Spiegel's article pretty much sums it up:
In any case, the EU cannot push Greece out of the euro zone and leave the country up to its own devices, although the Greeks did cheat their way into the common currency club with the aid of fudged budget figures, as Axel Weber, president of Germany's central bank, the Bundesbank, recently made clear at a board meeting.
And this:
There is also a lack of trust in Greek promises within the EU. All too often in the past the Greeks have vowed to make improvements. In Berlin and Brussels politicians are increasingly grappling with the question of how to effectively help the Greeks.
So actually Greece created it by herself and the rest of the EU ignored the situation. Let them clean their own mess now. The EU project, from head to toe has always been a semi-stillborn baby in my opinion. Allowing countries like Portugal, Greece and Baltic states inside, hastily (and as stated above, Greece could only fraudulently joined in the EURO zone) was a political decision but never economical, especially in the case of Baltic states.
Tho, no one get me wrong, i'm not such kind of a sadist who would sit back and enjoy Greece's demise. I hope you'll recover for the sake of everyone.
Should Greece be kicked out of the EU since the second bailout failed to keep them from defaulting?
and is this the same cliffhanger for American financial markets that the Europeans went through waiting for the U.S. to resolve their debt ceiling crisis?
Because we are all inter-connected.|||They have not defaulted so your question is mute and misinformed.|||The eu should be shut down and all member countries freed from the crippling financial slavery and restrictions it causes. It is sick what has happened to greece and ireland. Puppet prime ministers working in both countries ordered by the bankers treasonously bought toxic derivatives that financially destroyed the countries then hand over all their assets to the same criminal banks that are working their way through europe country by country looting and stealing. Wake up people. These are the same evil banks that want a one world government. They will next try to centralise power to brussels and create a huge european landmass. By the way the european union was first planned and conceived by nazi's in the 40s. It is to this day a nasty fascist dictatorship. One that none of us ever voted to join. Our sell out puppet leaders did without our say so.|||No, neither the EU nor the Euro are to blame. The way money is created (by banks demanding interest) is.|||No, but now they will be the EU's debt slave.|||Get rid of the EU and THE EURO!!
Because we are all inter-connected.|||They have not defaulted so your question is mute and misinformed.|||The eu should be shut down and all member countries freed from the crippling financial slavery and restrictions it causes. It is sick what has happened to greece and ireland. Puppet prime ministers working in both countries ordered by the bankers treasonously bought toxic derivatives that financially destroyed the countries then hand over all their assets to the same criminal banks that are working their way through europe country by country looting and stealing. Wake up people. These are the same evil banks that want a one world government. They will next try to centralise power to brussels and create a huge european landmass. By the way the european union was first planned and conceived by nazi's in the 40s. It is to this day a nasty fascist dictatorship. One that none of us ever voted to join. Our sell out puppet leaders did without our say so.|||No, neither the EU nor the Euro are to blame. The way money is created (by banks demanding interest) is.|||No, but now they will be the EU's debt slave.|||Get rid of the EU and THE EURO!!
Will Dubai Ever Recover from the financial crisis?
As of February 2009 Dubai's foreign debt is estimated to be 100 billion USD. Dubai's economy depends on providing services and spends on imports unlike the European economy which is primarily based on production and export. We all know that Dubai鈥檚 growth was unsustainable so in your opinion, how does the future looks like?.|||Look what they have in their hands and not the tears in their eyes !|||Yes.|||Are you serious?|||Dubai is nothing more than a playground for billionaire arab oil people, so who cares.
Subscribe to:
Posts (Atom)