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We're In Trouble
Posted: Mon Jan 11, 2016 8:18 am
by snakeoil
http://money.visualcapitalist.com/all-o ... alization/" onclick="window.open(this.href);return false;
Here is an info graphic of the world's money markets. I think that even the most uneducated in money matters among us will come to the conclusion that this is unsustainable.
Re: We're In Trouble
Posted: Mon Jan 11, 2016 8:29 am
by snakeoil
In a related matter; Puerto Rico is $72 billion in debt. They are starting to default on some of that debt this month. Last June, the Governor stated that the debt was unpayable. I have read reports that the United States is not on the hook for this debt. I can't find what happens if they go belly up. Surely the bankers can't foreclose on an entire territory, can they?
Opinion: Watch the USA throw tons of money down that way to bail out the banks.
Re: We're In Trouble
Posted: Mon Jan 11, 2016 8:58 am
by RealJustme
Watch the USA throw tons of money down that way to bail out the banks.
It's all just bad debt being paid by bad debt, I wish the United States was only $72 billion in debt :cry:
Re: We're In Trouble
Posted: Mon Jan 11, 2016 9:10 am
by snakeoil
Curiously, Japan (tiny island nation) has 20% of the world's debt but the USA has 29%. It appears that Japan is in worse shape than we are.
Re: We're In Trouble
Posted: Mon Jan 11, 2016 10:19 am
by RealJustme
Puerto Rico is $72 billion in debt
The United States National Debt has surpassed $18.2 trillion! The government borrows $4,506,849,315 (4 billion, 506 million) each day
Why wouldn't the government just borrow the $72 billion and give it to them to bail them out? $72 billion added on to the $18.2 TRILLION we've already borrowed doesn't even move the meter. We should also be funding the refugee crisis in the Middle East, give all federal workers raises and make college free, all that shouldn't be more than a trillion. $18 trillion verses $19 trillion borrowed for all that good stuff, lets go for it!