Each other, dumbass
@TheDoctorsTARDIS, if that's true, then couldn't some of the deficits counteract each other? Like for example if the US owes China 5B and China owes the US 5B, aren't they technically square?
@TheDoctorsTARDIS, individuals can be in debt but it is hard to imagine that the world as a whole could be. If there were only three people on the world and Person A owed Person B $5 and Person B owed Person C $5 you wouldn’t really say the world was $10 in debt. Then money that was owed and the money that was expected to be returned would stay even on the world itself.
@The Puppet Man, but if USA owes Britain 5B, Britain owes Russian 5B, Russia owes China 5B, and China owes USA 5B, then the cumulative debt is 20B
@TheDoctorsTARDIS, fair enough
@TheDoctorsTARDIS, no it’s maybe 15 but I’d declare it to be 0. The us in this scenario is owed as much as they owe. So China pays us we pay the redcoats who pay the putinites who pays the commies. They have a net of 0. The total owed around is 20. If you balance the worlds debt then it’s WAY less than the 217 trillion. We owe like 15 of that to other countries. But many countries in developing worlds owe us since we gave them startup money. Plus China owes us a crapton (2 Trillion i think) it’s why no one ever actually tries to repay these debts. We all loan it to each other so the net everyone’s in debt is a tiny fraction of this and not worth fighting over.
@TheDoctorsTARDIS, James Franco being a dumbass? What else is new?
@TheDoctorsTARDIS, if China pays the USA, who then pay the UK, then only Russia owes China, and Russia can be paid by the UK. it may only be 5B. But I don't actually care to check my maths
@TheDoctorsTARDIS, there is not $20b total that is owed in that group, they are just spreading the same money around. Now if that grouping owed a combined 20B to someone outside of themselves then you can say the group as a whole are in debt. If you owed your sister $20 and she owed your brother $20 and he owed you $20 you wouldn’t say your family was $60 in debt because what was owed is within your family group. Now if you each owed $20 to someone different outside your family you could say that the family was in debt
No, the reptilian race that has infiltrated the common people.
@The Flame War, reptelians are as real as a $2 bill.
And yet money is a man made by product to trade for goods or services. If it were the simple times, humans helped each other and fed each other without cost but the will to progress as 1 and not for greed.
Maybe they should just wipe the dedt clean, its not actual money anyways, its just 1's and 0's at this point.
@o0KingGreen0o, and inflation skyrockets and your bank account is now worthless.
The private company that is the world bank
wow, nobody knows how the national debt works. there are trade deficits, yeah, but that's just a portion. most of our debt is just from money spent that we don't have, it's like writing a hot check...over and over and over
The Iron Bank?
You owe me for healing your Pokémon
Craaaab people Craaaab people
Yes, now pay up bitch.