Page 1 of 3 123 LastLast
Results 1 to 10 of 30

Thread: My big question..

  1. #1
    Administrator Administrator
    Join Date
    May 2012
    Posts
    310

    My big question..

    Please enlighten me how this works even though to me it makes no sense...

    If every country in the western world is in debt then who the hell do they owe it too? They must have borrowed it from someone, yet all countries are in debt. Someone somewhere must be owed a shedload of money. Surely it's not all owed to China?

  2. #2
    Mage’s Assistant
    Join Date
    May 2012
    Posts
    101
    I think there's also domestic debt - from issued bonds and stuff.
    "And as the light embraces the wanderer,
    as knees bend as thought is obliterated,
    with the very moment that resistance has ceased,
    now, I am become death, the enemy of man."

  3. #3
    Quote Originally Posted by JasonRimmer View Post
    Please enlighten me how this works even though to me it makes no sense...

    If every country in the western world is in debt then who the hell do they owe it too? They must have borrowed it from someone, yet all countries are in debt. Someone somewhere must be owed a shedload of money. Surely it's not all owed to China?
    The vast majority of US Treasuries are owned by (drumroll)...Americans. We're in debt largely to ourselves. It's about 10-12 times the next largest holder of treasuries. I think China, Japan and the UK are the next largest holders.

  4. #4
    Abecedarian Mage
    Join Date
    May 2012
    Location
    He said no
    Posts
    187
    Think credit cards.

    I have a credit card, it is owned by Mastercard. They are not Chinese. Mastercard is us. But it is still debt.

    Next month though, it will be paid off and it will be STAYING that way at which point I will be happy to say YOU have debt, but I don't.
    Please don't go on about how cool it is I like wargames. It gets old.
    Some of my comments are just me parroting his bitching.

  5. #5
    Administrator Administrator
    Join Date
    May 2012
    Posts
    310
    Luckly I have no debt as no one would loan me any money in the first place. To poor. Yet I have to pay because lots of other got into debt.

  6. #6
    Arcane Candidate
    Join Date
    May 2012
    Posts
    8
    Good question....ive wonder this myself.

  7. #7
    Well I haven't got it
    It isn't in my pocket

  8. #8
    Administrator Administrator
    Join Date
    May 2012
    Posts
    310
    AHA!...sorry I was thinking of Alan's big pocket..(doubtful any of you know what I'm going on about and now think I'm really mentally ill, though those from the UK might. Alan's big Pocket. Knowing Me Knowing You with Alan Partridge.

  9. #9
    Mage’s Assistant
    Join Date
    May 2012
    Location
    Brentwood, TN and Cheyenne Wyoming
    Posts
    101
    "Knowing Me Knowing You with Alan Partridge"

    LOL, funny. Actually, it is owed to me.

    Seriously though, it is the amount government is promising to spend on government programs, now and in the future. Food stamps, student loans, housing assistance...government run healthcare(oxymoron)...

  10. #10
    Abecedarian Mage
    Join Date
    May 2012
    Posts
    183
    Our "debts" are "owed" to the Illuminati. cancel all debts;

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
footer