Infographic: $63 Trillion of World Debt

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

  1. whinfell

    whinfell Well-Known Member Silver Stacker

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  2. Radio8tiv

    Radio8tiv Active Member

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    No problems there, just keep printing more money ;)
     
  3. reaver

    reaver Active Member

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  4. bubblebobble2

    bubblebobble2 Well-Known Member Silver Stacker

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    right 'on... we'll see the 'real' US debt when Trump leaves the office.
     
  5. TheEnd

    TheEnd Well-Known Member

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    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:
     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    This just means, there are people who has 63 trillion to lend
     
  7. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    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    It might be horribly out of date but "Money as Debt" was very useful for explaining it all to me.
     
  8. Brad_886

    Brad_886 Active Member Silver Stacker

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