PDA

View Full Version : Debt Crisis, What Debt Crisis!!!



mark2112gum
18th January 2011, 15:29
Isn’t it funny/disgusting that the biggest ‘debtor country’ is immune from punishment (ei., Greece, Iceland, Ireland, EU etc.) [and these are old numbers]. IMO having the reserve currency of the world is the only thing saving the US$ from a ‘great depression like calapse’.

Rank country Debt - external Date of Information


1 United States
$ 13,980,000,000,000 30 June 2010

2 European Union
$ 13,720,000,000,000 30 June 2010

3 United Kingdom
$ 8,981,000,000,000 30 June 2010

4 Germany
$ 4,713,000,000,000 30 June 2010

5 France
$ 4,698,000,000,000 30 June 2010

6 Japan
$ 2,246,000,000,000 30 June 2010

7 Norway
$ 2,232,000,000,000 30 June 2010

8 Italy
$ 2,223,000,000,000 30 June 2010 est.

9 Spain
$ 2,166,000,000,000 30 June 2010

10 Ireland
$ 2,131,000,000,000 30 June 2010

11 Luxembourg
$ 1,892,000,000,000 30 June 2010

12 Belgium
$ 1,241,000,000,000 30 June 2010

13 Switzerland
$ 1,190,000,000,000 30 June 2010

14 Australia
$ 1,169,000,000,000 31 December 2010 est.

15 Canada
$ 1,009,000,000,000 30 June 2010

16 Sweden
$ 853,300,000,000 30 June 2010

17 Austria
$ 755,000,000,000 30 June 2010

18 Denmark
$ 559,500,000,000 30 June 2010

19 Greece
$ 532,900,000,000 30 June 2010

20 Portugal
$ 497,800,000,000 30 June 2010

silverheartbone
18th January 2011, 15:48
http://upload.wikimedia.org/wikipedia/commons/thumb/7/74/Europe_subregion_map_UN_geoschme.svg/500px-Europe_subregion_map_UN_geoschme.svg.png

But you have to wonder about Japan.

crashjp
18th January 2011, 15:59
National debt does not matter if you don't believe me just ask rodger or helicopter ben, gold and silver is gona crash because more debt=let the good times roll.

AgShaman
18th January 2011, 16:49
And in your lifetime. The levee cannot hold out the overflow.

All the world's govts. can only keep the population dumbed down for so long.

Eventually the population of the world's serfdom increases at a rate that goes beyond govts. abilities to manage them in a civil manner.

All countries will be complicit in the scam of fiat currencies....it's a holding pattern meant to buy more time...and enable Shylocks and Central Bankers a chance to use their system to remove hard assets/money and resources and draw as much real wealth unto themselves before the inevitable implosion of their fraudulent construct.

The period before this chaotic event unfolds is unclear as to it's length of timeline and your stack may provide you another rung or two higher on the "quality of life" ladder is just a bonus. If there is a period to enjoy this bonus of price appreciation...provided it doesn't get cancelled out by massive inflation or interuption of normal services in society....then you should partake...and enjoy yourself.

What else are you waiting for? Don't you think they'd have come up with a solution by now if they had intent to rectify the economic mess the world is currently in?

The only solution is the one that they are keeping themselves from telling the public at this time.
The list is a short one:
1. Sovereign debts are unmanageable in a system that creates more debt than it's mathematically impossible to service and pay down.
2. Sovereign peoples may or may not give up their sovereignty in order to maintain this fiat system a little longer.
3. Original money (gold and silver) will eventually find their way back into the fold and into the lives of the masses and some countries will do a better job in jockeying towards this outcome.

You know it...they know it...the difference is they are not yet willing to admit it.

Either way...big and bigger events will be happening in the near future (read: your lifetime)

Prepare yourselves mentally for a tougher road ahead...and don't rule out the possibility that your stack will be just another needful item in a "new" older system where people network and barter with themselves in a simplified "surviving" existence.

Shylocks and parasitical Central Bankers would like you to be scared of major change like this...they'd like nothing better than to convince the world that a Fiat construct is the only avenue to ensure your existence.

Laughable....we don't need their filth and schemes...i hope more will realize this soon.

Curiosity will not kill this Cat!

jimha
18th January 2011, 18:09
These numbers do not appear correct for Canada.

http://www.debtclock.ca/

silverheartbone
18th January 2011, 20:51
These numbers do not appear correct for Canada.

http://www.debtclock.ca/

Hey the numbers here are bogus as well.
http://www.usdebtclock.org/
The last time I looked it read a bit over $14 trillion.
The US bailed out the bankers at least 100 times that much in derivatives.


http://www.youtube.com/watch?v=h-pSS_ZG-wE

valerb
19th January 2011, 04:28
Isn’t it funny/disgusting that the biggest ‘debtor country’ is immune from punishment (ei., Greece, Iceland, Ireland, EU etc.) [and these are old numbers]. IMO having the reserve currency of the world is the only thing saving the US$ from a ‘great depression like calapse’.

Rank country Debt - external Date of Information


1 United States
$ 13,980,000,000,000 30 June 2010

2 European Union
$ 13,720,000,000,000 30 June 2010

3 United Kingdom
$ 8,981,000,000,000 30 June 2010

4 Germany
$ 4,713,000,000,000 30 June 2010

5 France
$ 4,698,000,000,000 30 June 2010

6 Japan
$ 2,246,000,000,000 30 June 2010

7 Norway
$ 2,232,000,000,000 30 June 2010

8 Italy
$ 2,223,000,000,000 30 June 2010 est.

9 Spain
$ 2,166,000,000,000 30 June 2010

10 Ireland
$ 2,131,000,000,000 30 June 2010

11 Luxembourg
$ 1,892,000,000,000 30 June 2010

12 Belgium
$ 1,241,000,000,000 30 June 2010

13 Switzerland
$ 1,190,000,000,000 30 June 2010

14 Australia
$ 1,169,000,000,000 31 December 2010 est.

15 Canada
$ 1,009,000,000,000 30 June 2010

16 Sweden
$ 853,300,000,000 30 June 2010

17 Austria
$ 755,000,000,000 30 June 2010

18 Denmark
$ 559,500,000,000 30 June 2010

19 Greece
$ 532,900,000,000 30 June 2010

20 Portugal
$ 497,800,000,000 30 June 2010

Your comparing apples to oranges.

You have to take into consideration the GDP and the population of each of these countries. The most important factor for all of us, no matter where you live is the debt ratio per person. When you look at that number, you find the US is way down that list.

The US is something over $40,000 per person, where the United Kingdom is around $147,000 per person. Luxembourg citizens are in debt for $3.7 million each. While the US may have eight times the amount of debt as Luxembourg, look at the amount of debt per person in that country. Are these number even right to begin with? Luxembourg's number sound more like what Iceland would look like.

Look at the EU debt. I would think that should represent all of the EU countries combined. However, when you start adding up the individual countries and just the ones that use the Euro, the EU total is far too low. I came up with over 20 trillion and not all of the Euro nations are listed. Does the EU have it's own independent debt separate from the individual states? Throw in the debt from countries like England, Norway, Sweden and Switzerland and you are over 30 trillion dollars.

Not that this $40,000 per head in the US is anything to sneeze at, but let's put these numbers in their proper perspective.

Not that I agree with "anything" our fearless leaders are doing, but how can all these other countries that are buried further in debt than we are, point a finger at us?

jimha
19th January 2011, 14:12
Your comparing apples to oranges.

Not that this $40,000 per head in the US is anything to sneeze at, but let's put these numbers in their proper perspective.



Surely you must be aware of the debt of Fannie, Freddy, AIG and unfunded liabilities of Social Security, Medicare/Medicade bringing the total to more like $178,000 per person.

http://usdebtclock.org/

tamo42
19th January 2011, 15:27
The unfunded liabilities are projections into the future rather than current debts owed now.

valerb
20th January 2011, 01:28
Surely you must be aware of the debt of Fannie, Freddy, AIG and unfunded liabilities of Social Security, Medicare/Medicade bringing the total to more like $178,000 per person.

http://usdebtclock.org/

All of these other countries are facing the same kind of nightmare. Fannie, Freddy and AIG going belly up doesn't fall on all of our shoulders. There are some investors involved that will be taking it in the shorts. Besides, Fannie and Freddy can not be a total loss, where AIG can. Behind everyone of those mortgages is a house and it has value. My only concern is that the government will sell those mortgages for pennies on the dollar and claim it was a really good deal. While the Banksters make another killing.

Social Security is "not" an unfunded liability. It's as good as any Treasury note, they borrowed that money and they owe it back just as they are obligated to pay back the money borrowed on the sale of Treasury notes. With the slight exception that they borrowed our money interest free and really plan on not paying it back by pitting the youth against the elders in this country. It's a great scam, blame all their wrong doings on the people who's money they stole. That's like arresting the store owner who was just robbed. Social Security and Medicare have been abused by the individual states. They have been dumping vast numbers of addicts onto the Social Security system as disabled and eligible for Medicare. Thus shifting the Medicaid burden from the states to the Federal Programs and depleting those funds faster. Medicare doesn't work, so we should abandon it and replace it with what? Medicaid doesn't work either. Maybe we should just let everyone die that gets sick and it will all work it's self out. Now that's a cost cutting measure the wealthy can get behind and justify another tax reduction, for themselves of course.

Has anyone ever worked in a factory that hired extra people because the government gave them a tax break? No, they employ as many people as needed to manufacture the products they have orders for or anticipate having orders to fill in the near future.

If your running a one person store or a factory with 5,000 employees, it really doesn't matter. If everyone is busy, your making money and don't need a hand out. You add extra people because you want to make more money as your sales volume increase. Adding extra people when the sales are not there, decreases your profits not increases them. Has anyone ever heard a politician say they want to cut taxes on just the small businesses, no. They use the small business owner as an example of why we should cut their taxes and the big boys will simply ride the bandwagon as well. All I can say is, that if your running a one person shop and you can't keep up with the customers you have and are losing money, you don't belong in business.