is there a under limit to the worlds debt ?

mapuc · 05-30-15, 03:03 PM

On this page you can see every countries debt and the whole worlds debt.

Made me wonder Is there a "under limit"? Meaning how deep can our worlds debt be before something happens ? And what will happen ?

http://www.nationaldebtclocks.org/#home

Markus

Betonov · 05-30-15, 03:16 PM

75% of Slovenias GDP is debt

Brb, I need to masacre some people.

Oberon · 05-30-15, 03:32 PM

Pity they didn't do one for Argentina...would have been enlightening.

fireftr18 · 05-30-15, 05:04 PM

Funny thing is, all these countries owe each other.

danasan · 05-30-15, 05:24 PM

I think, the debt is just a figure, which could affect one of the next of our generations.

As long as you can pay the interest for that amount of debt, you are fine.

Sounds like fatalism?

Yes, it is...

mapuc · 05-30-15, 05:25 PM

When will all this collapse ? Will it be so huge that the crash in 1929 will be like a mouse to an elephant ? in compare

Markus

Onkel Neal · 05-30-15, 05:25 PM

yeah, who do they owe all this money to? There must be some country out there holding all the markers let's go get them.

Betonov · 05-30-15, 05:30 PM

Quote:

Originally Posted by Neal Stevens

yeah, who do they owe all this money to? There must be some country out there holding all the markers let's go get them.

You find them and start the siege.
I'll come a day later with the trebuchet and rancid cows.

Oberon · 05-30-15, 06:06 PM

It is rather like building the scaffold for your own execution.

Pity we can't just have a reset one year, where all the debts are wiped out and we start from fresh.

Gargamel · 05-31-15, 01:04 AM

Quote:

Originally Posted by Betonov

75% of Slovenias GDP is debt

Brb, I need to masacre some people.

Wouldn't that just raise the % of the GDP?

Gargamel · 05-31-15, 01:06 AM

This makes no sense.... If you owe everybody something, and they all owe you something... then..... Somebodies got to be ahead..... Who do we all owe this too? Mars?

danasan · 05-31-15, 05:40 AM

I would suspect that there are banks involved.

If that is true, we would owe the money to the shareholders of those banks at the end.

As we all could become shareholders - even on a small scale - we would owe it to ourselves.

Naaa, that's just silly....

Moonlight · 05-31-15, 07:27 AM

What would happen if the countries in that link refused to pay any more of it back. Would there be any wars because of it, or would it lead to another financial meltdown to make any other look like a monkeys tea party.

Oberon · 05-31-15, 07:57 AM

Quote:

Originally Posted by Moonlight

What would happen if the countries in that link refused to pay any more of it back. Would there be any wars because of it, or would it lead to another financial meltdown to make any other look like a monkeys tea party.

http://en.wikipedia.org/wiki/Argenti..._restructuring

If all the countries refused to pay it back, then yes it would probably make the 2008 crash look like a walk in the park.

Torplexed · 05-31-15, 08:08 AM

Quote:

Originally Posted by Moonlight

What would happen if the countries in that link refused to pay any more of it back. Would there be any wars because of it, or would it lead to another financial meltdown to make any other look like a monkeys tea party.

The trouble with a small nation not paying back it's debts is that, quickly, they will run out of institutions willing to lend to them in the future.( The same happens with individuals BTW). Fine, if you just want to get away with it once, not so good if your economy relies on constant borrowing to fund basic services.

Of course, the bigger the defaulter, the bigger the shockwaves.

05-30-15, 03:03 PM	#1
mapuc CINC Pacific Fleet Join Date: Sep 2003 Location: Denmark Posts: 20,541 Downloads: 37 Uploads: 0	is there a under limit to the worlds debt ? On this page you can see every countries debt and the whole worlds debt. Made me wonder Is there a "under limit"? Meaning how deep can our worlds debt be before something happens ? And what will happen ? http://www.nationaldebtclocks.org/#home Markus

05-30-15, 05:04 PM	#4
fireftr18 Ocean Warrior Join Date: Feb 2010 Location: Kentucky Posts: 2,528 Downloads: 77 Uploads: 0	Funny thing is, all these countries owe each other. __________________ Of all the forms of Martial Arts, Karaoke causes the most pain!

05-30-15, 05:24 PM	#5
danasan Elite Spam Hunter Join Date: Dec 2009 Location: Flensburg / Germany Posts: 1,141 Downloads: 39 Uploads: 0	I think, the debt is just a figure, which could affect one of the next of our generations. As long as you can pay the interest for that amount of debt, you are fine. Sounds like fatalism? Yes, it is... __________________ "I invite you to go inside this submergible hole in the water where you can nicely hide from destroyers."

05-30-15, 05:25 PM	#7
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,385 Downloads: 541 Uploads: 224	yeah, who do they owe all this money to? There must be some country out there holding all the markers let's go get them. __________________ SUBSIM - 26 Years on the Web

05-31-15, 01:06 AM	#11
Gargamel Lucky Sailor Join Date: Oct 2010 Location: Rome Posts: 4,273 Downloads: 81 Uploads: 0	This makes no sense.... If you owe everybody something, and they all owe you something... then..... Somebodies got to be ahead..... Who do we all owe this too? Mars? __________________ Luck is a residue of Design.

05-30-15, 03:16 PM	#2
Betonov Navy Seal Join Date: May 2009 Location: Slovenia Posts: 8,647 Downloads: 26 Uploads: 0	75% of Slovenias GDP is debt Brb, I need to masacre some people.

05-30-15, 03:32 PM	#3
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	Pity they didn't do one for Argentina...would have been enlightening.

05-30-15, 06:06 PM	#9
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	It is rather like building the scaffold for your own execution. Pity we can't just have a reset one year, where all the debts are wiped out and we start from fresh.

05-31-15, 05:40 AM	#12
danasan Elite Spam Hunter Join Date: Dec 2009 Location: Flensburg / Germany Posts: 1,141 Downloads: 39 Uploads: 0	I would suspect that there are banks involved. If that is true, we would owe the money to the shareholders of those banks at the end. As we all could become shareholders - even on a small scale - we would owe it to ourselves. Naaa, that's just silly.... __________________ "I invite you to go inside this submergible hole in the water where you can nicely hide from destroyers."

05-31-15, 07:27 AM	#13
Moonlight Ocean Warrior Join Date: Dec 2010 Location: Fookhall Copse Posts: 2,521 Downloads: 184 Uploads: 0	What would happen if the countries in that link refused to pay any more of it back. Would there be any wars because of it, or would it lead to another financial meltdown to make any other look like a monkeys tea party.