Our Future is Financially Secured

[Kas]

Here are two links that should provide you with some pleasure. Not for the faint hearted.

 

The world is in such astronomic debt, with every country having its hand in the till, that our future can only be a permanent begging bowl existence. The USA is listed as the  richest country, yet tops the world debt league way ahead of everybody else, with little old UK coming in at second place.

 

To  whom is this vast fortune of debt owed ? It cannot be the World Bank or IMF, they have nowhere near that amount of cash in their Piggy Bank. So where do we go from here ? Marching quickly towards a Financial Big Bang I guess and back to the Stone Age.  Apocalypse Now ! Or at least Apocalypse Soon !

 

General facts and figures, starting with the Countries having the greatest National Debt :-

http://www.aneki.com/countries2.php?t=Countries_with_the_Highest_External_National_Debt&table=fb176&places=*=*&order=desc&orderby=fb176.value&decimals=--&dependency=independent&number=all&cntdn=asc&r=-44-45&c=&measures=Country--external%20debt&units=--$&file=debt

 

World Debt clocks :-

http://www.nationaldebtclocks.org/

 

There is a slight information date lag in the first link, but with figures of this order - who cares ? What is a few Trillion between friends.

[Derek891]

Hello Kas - If you'd like to read a very interesting story concerning one man and vast sums of money, google "Leo Wanta".

[Winapp2.ini]

Debt only matters if someone is coming to collect!

 

 

 

but seriously something like half the the US debt is owed to us citizens for bonds

[mta]

the thing to note about Government debt is it is only on paper, there are no stock piles of cash in piggy banks at the IMF or World Bank etc.

it's like the stock exchange, it's just 'funny money'.

there are economists that argue surplus is good and others that a deficit is good.

[Winapp2.ini]

money is just a social construct anyway. Nothing has intrinsic value

[mta]

then if you throw into the mix debt versus deficit it all get interesting (slash) boring all at the same time.

[Kas]

I know the likes of us plodders reckon all this debt jazz amounts to fictitious funny money, manipulated by Governments to reinforce their reasons for bleeding us dry with taxes and depriving us of all our vital domestic services and welfare benifits etc.and is really all political eyewash, but we are wrong.

 

It is a REAL financial catastrophe and involves REAL money.

 

The main reasons for the Western World countries being in such a colossal debt, is that they attempt to live way above their means in a hypothetical world of extravagant make-believe, they spend huge amounts of money on wasteful enterprises and balmy projects, they give countless Billions away to other often ungrateful and belligerent countries in all kinds of aid including military, they engage in highly expensive wars or other global bun-fights that are nothing whatsoever to do with them and generally behave like economic and  financial irresponsible lunatics.

 

Many Financial and Economic experts forecast a world financial and economical melt-down in the next 5-10 years. Then we have a total collapse of Western civilization, we all become jobless, life effectively stops dead, we starve to death and it all ends in tears. Back to the Stone Age without the Mammoths to hunt.

 

Whatever future can we offer our young families in a country which has a consistently growing debt exceeding over $17.5 Trillion ? It is a self inflicted National  and social disaster that will last for countless decades if earlier catastrophe can be miraculously avoided.

 

Who owns the US Debt ?

 

[Winapp2.ini]

I'd personally love to go hunt some mammoths, we should pour a few trillion tax dollars into that project instead

[mta]

bugger that, I just want my hoverboard.