Infographic: $63 Trillion of World Debt

Discussion in 'Markets & Economies' started by whinfell, Oct 29, 2017.

  1. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,327
    Likes Received:
    174
    Trophy Points:
    63
    Location:
    Australia
    [​IMG]
     
    whinfell, Oct 29, 2017
    #1
    Skyrocket, Radio8tiv, mmm....shiney! and 1 other person like this.
  2. Radio8tiv

    Radio8tiv Active Member

    Joined:
    Dec 2, 2016
    Messages:
    249
    Likes Received:
    127
    Trophy Points:
    43
    Location:
    Townsville
    No problems there, just keep printing more money ;)
     
    Radio8tiv, Oct 29, 2017
    #2
  3. reaver

    reaver Active Member

    Joined:
    Apr 25, 2016
    Messages:
    214
    Likes Received:
    94
    Trophy Points:
    43
    Location:
    Melbourne
     
    reaver, Oct 29, 2017
    #3
  4. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,412
    Likes Received:
    3,512
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    right 'on... we'll see the 'real' US debt when Trump leaves the office.
     
    bubblebobble2, Oct 29, 2017
    #4
  5. TheEnd

    TheEnd Well-Known Member

    Joined:
    Oct 6, 2011
    Messages:
    2,496
    Likes Received:
    26
    Trophy Points:
    48
    Nothing to worry about Trump just booted out Yellen and put someone else from The Fed back in to fix it all.

    Although he's apparently not an 'economist' but an ex banker or some crap.

    Was on the news this morning.

    They still have to work out how to re cover the 12 Trillion of QE they printed to keep it all going for 10 whole years! :confused:

    They reckon IR's are going to start rising next year cos it all going sooooo well. :rolleyes:
     
    TheEnd, Nov 3, 2017
    #5
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,171
    Likes Received:
    1,143
    Trophy Points:
    113
    Location:
    North Sydney
    This just means, there are people who has 63 trillion to lend
     
    Ipv6Ready, Nov 3, 2017
    #6
  7. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,516
    Likes Received:
    638
    Trophy Points:
    113
    Location:
    Australia
    Not necessarily.

    With Fractional Reserve Banking it could be as low as 6.3 Trillion Dollars to lend.

    I saw a documentary on it about 5 years ago so I may not be fully current on my info.

    It might be horribly out of date but "Money as Debt" was very useful for explaining it all to me.
     
    Jislizard, Nov 3, 2017
    #7
  8. Brad_886

    Brad_886 Active Member Silver Stacker

    Joined:
    Mar 1, 2017
    Messages:
    139
    Likes Received:
    83
    Trophy Points:
    28
    Location:
    The Sticks
    IMG_1658.JPG
     
    Brad_886, Nov 3, 2017
    #8

Share This Page