Thread: It's the final countdown!
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Dave999 is offline Dave999
2022-06-03 , 06:24
Posts: 7,075 | Thanked: 9,073 times | Joined on Oct 2009 @ Moon! It's not the East or the West side... it's the Dark Side
#7459
Originally Posted by nonsuch View Post
Every country is in debt. To each other, to its people, to The World bank (which is not the sort of all-encompassing global institution the name suggests).
In any case, money creation is a real thing. Most money does not really exist, except as numbers in ledgers/databases.
Or, as one person put it: "All money is debt."
Not all. Norway don't in a way due to massive oil funds that outweighs the debts. Any many countries reduce the debt some years and could pay it back if needed. What I'm talking about the countries that ignore the debt and pay it forward to future generations. Countries with more then 100% of GDP should act. Japan has a massive dept mountain.

The best of the best when it comes to national dept.
Japan (National Debt: ¥1,028 trillion ($9.087 trillion USD))
Greece (National Debt: €332.6 billion ($379 billion US))
Portugal (National Debt: €232 billion ($264 billion US))
Italy (National Debt: €2.17 trillion ($2.48 trillion US))
Bhutan (National Debt: $2.33 billion (USD))
Cyprus (National Debt: €18.95 billion ($21.64 billion USD))
Belgium (National Debt: €399.5 billion ($456.18 billion USD))
United States of America (National Debt: $19.23 trillion (USD))
Spain (National Debt: €1.09 trillion ($1.24 USD))
Singapore (National Debt: $350 billion ($254 billion US))

I still believe humans will eventually be one massive hive where everyone respond to the Queen. But that won't happen until the first Alien encounter and an Alien attack.
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Last edited by Dave999; 2022-06-03 at 07:26.