Worlds Debt

WHY is Norway so rich?
It blows my mind how expensive (for us Britfags) stuff is over there

Oil... Which a Danish politician kind of gave to them when he was drunk at some kind of meeting. Can't remember his name.

Damn you Norway ..

frogs.....greedy lil' sum bitches

Is that a pun? "sum bitches"

I didn't catch it @ first but yeah it's a pun

the aliens

**notsureifanon rolled user appleyjack ** This guy.

damn right

the jews

guess what else they lack?

something to eat

you're wrong, they have each other

before anyone will eat anybody kim jong un will have eaten the whole nation

its his way of fighting poverty and hungry, eating all the poors

shhhhh he might hear you

mr wallice, and he wants them now!

To ourselves... instead of worrying about borrowing money from other people, we borrow it from or own respective currency; basically we pull it out of thin air. You cannot get rid of the debt because it would cause massive inflation and make the currency essentially worthless (see WW2 Germans who burned money because it was cheaper than wood).

To ourselves... instead of worrying about borrowing money from other people, we borrow it from or own respective currency; basically we pull it out of thin air. You cannot get rid of the debt because it would cause massive inflation and make the currency essentially worthless (see WW2 Germans who burned money because it was cheaper than wood).

thats what i usta think but then my civics teacher ( the coolest mofo on the planet ) explained it to me basically its inflation that was just kind of though up like the money never really resented someone else s work, the super wealthy were just like ohh well i have this much money now and screw what you say

The world isn't in debt to any one entity, that's a sum of the debt held by all the world's nations.

i know that, i just wanted to state that the world has no debt at all... its just the people who live on earth that are in debt to each other.

Those mother fucking loan shark martians! They say if we don't pay they'll come round and break out ice caps.

World Banks and sometimes other countries. Like i Don't mean like TD Canada trust bank, but like BIG fucking banks that make loans countries for bridges, military, and other big projects.

The banks, other countries, ourselves. In short, everyone. We literally borrow the money off ourselves by just printing it off when we need it. My economics tutor summed it up quiite nicely by just saying "money is only as valuable as people believe it to be". Cash is no longer representetive of anything, technically the USA could be called the poorest country on earth purely because of its debt. However money is much more complex than that.

the truth of his statement is visible in war scenarios when money isn't worth shit but goods like food are.

No problem. Its hard to explain in a simple way but that sort of covers it.

Individual defecit countries like the ones stated owe lots of money to countries with a surplus, inter government trading. They also owe "future money" to their citizens in forms of pensions, and many private individuals and organizations are owed money from governments as they own government bonds.

Although it would be nice to live harmoniously without money, you would need to change the complete human psyche which would never work, money just makes it easier to acquire things you need

Banks

who owns the banks?

ok everyone owes it to the banks which print the money, so when we pay back the interest its money made by those banks which actually has no real value. Banks that are factually owned by the rothschilds and rockefellers among others that I know not of.

Some of it is private companies but most of it is depth to each other.

To other countries, or to the WB.

No, man. We are HUMANS on THIS PLANET and we owe the money TO WHO ?

To our selfs... I don't know man, I didn't study economics..

... exactly, you don't need to study friggin economy to see what I wrote there for peak's sake.

Well, I think that "world debt stadistic" is the sum of each country's own debt.

the world banks and the richest people on earth investing in those banks.
This system exists because real money is worthless the value is just attributes to it forcefully and there is not enough "stuff" to equal the money out.
Basically the debt is stupidity , useless work , overpriced items that lose value , failed jobs , bad business. Everything we did but never amounted to anything since it did cost money but it didn't produce jack shit