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Fancypants

Creditor Nations

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ok, big question this one.

does anyone have any data on the size of all debts across the world? Governmental, corporate and consumer?

China is often referred to as a creditor nation - but, overall, is it? And would that offset the total debts of the West?

I suppose what I'm asking is - is the world overdrawn? If true, and it finally dawns on everyone, will be have a global debt amnesty? And would this be useful if we still find that we have a massive debt to pay to mother earth and her exhausted resources and polluted surface? Are these loaded questions?

:)

edit: oh cool, you can rate your own threads. Definately worth 5 stars I think!

Edited by Fancypants

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ok, big question this one.

does anyone have any data on the size of all debts across the world? Governmental, corporate and consumer?

China is often referred to as a creditor nation - but, overall, is it? And would that offset the total debts of the West?

I suppose what I'm asking is - is the world overdrawn? If true, and it finally dawns on everyone, will be have a global debt amnesty? And would this be useful if we still find that we have a massive debt to pay to mother earth and her exhausted resources and polluted surface? Are these loaded questions?

:)

edit: oh cool, you can rate your own threads. Definately worth 5 stars I think!

The world can't be overdrawn, any more than it can have a trade deficit. For every loan, there is a deposit. If the world was overdrawn, to whom would the money be owed?

STRs should be particularly worried about a "global debt amnesty", since that would mean that their banks didn't have to pay them back the money they have deposited from the sale of their houses.

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The world can't be overdrawn, any more than it can have a trade deficit. For every loan, there is a deposit. If the world was overdrawn, to whom would the money be owed?

STRs should be particularly worried about a "global debt amnesty", since that would mean that their banks didn't have to pay them back the money they have deposited from the sale of their houses.

that's precisely my point though. Every loan does not have an equivalent deposit. Fractional Reserve banking has been done to death on here.

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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