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And what are the global assets to go with that debt?
If you counted my student loans, mortgage, furniture loans, car loans, 0 percent interest credit cards, there were times my debt to income would have been several hundred percent of debt to my “gdp”. Yet, the risk of default was low, and financially it doesn’t really present challenges.
all i can say is "MEH " life goes on .. there is no reason for me to worry about what i can't control .. not even worth my time discussing to be honest. it goes on the lazy susan of life along with all the other concerns i have that i can't control and it gets swung around to the back where i give it no thought. it is what it is .
all i can say is "MEH " life goes on .. there is no reason for me to worry about what i can't control .. not even worth my time discussing to be honest. it goes on the lazy susan of life along with all the other concerns i have that i can't control and it gets swung around to the back where i give it no thought. it is what it is .
Correct!
This number will never be paid off, it's simply money owed by some to others. The "others" will eventually take a bath on repayment, but that's not my concern either.
Last I checked, this world debt is 100% internal, that is, owed from the world to itself. Only approximately 0% is owed to foreign planets, even when Mars is accounted for!
Last I checked, this world debt is 100% internal, that is, owed from the world to itself. Only approximately 0% is owed to foreign planets, even when Mars is accounted for!
Last I checked, this world debt is 100% internal, that is, owed from the world to itself. Only approximately 0% is owed to foreign planets, even when Mars is accounted for!
Ever wonder why were the only planet with life in the solar system? Theyre examples of what happens when you don’t pay your debts to the galactic empire.
And what are the global assets to go with that debt?
Which is the standard to measure from.
Reining the discussion in some to just the US...
far too much of what is owed has been spent for NO ASSET VALUE at all.
Quote:
Originally Posted by JayHancock
May 2011 Link : The national debt is $14 trillion. That is a lot of money. Even a trillion is a lot of money.
I learned how much after reading this calculation by former math teacher Edward Hopkins...
You could win trillions of bar bets by asking: How long would it take to count to a trillion?
How much is a trillion?
It's not easy to understand large numbers like billions and trillions,
yet we hear about them all the time when people are discussing the economy.
What would happen if you tried to count to one trillion out loud?
Assuming five syllables per second and accounting for the fact that larger numbers have more syllables,
I came up with an estimate.
Counting to 10 will take two seconds.
You will reach a hundred in about one minute.
After 18 minutes you will hit a thousand.
To get to a million takes 700 hours.
Now we're getting to the point where the time is getting too large to easily comprehend.
Let's make counting a full-time job of eight hours a day, five days a week, 50 weeks a year.
Counting to a million would take about 18 weeks, or from January to the first week in May.
To reach 10 million would require four years of counting.
If you started young and retired after 48 years of counting, you'd be at 100 million.
To continue we're going to need new counters to carry on the project.
If we employ each person for 50 years, we'll need a succession of 10 more people
for a total of 11 lifetimes just to count to a billion.
Archaeologists believe the human race invented counting about 50,000 years ago.
Counting to a trillion would take 15 times longer that that.
Now we're up to 22Trillion (well up from ~7T in 2011 when this was published)
Last edited by MrRational; 04-19-2019 at 06:48 AM..
Now we're up to 22Trillion (well up from ~7T in 2011 when this was published)
And it doesn't seem to slow govt spending up one lick, does it ? As long as they run a printing press, and there are enough idiots in the world that accept what they print as 'money', the game will go on.
And it doesn't seem to slow govt spending up one lick, does it ? As long as they run a printing press, and there are enough idiots in the world that accept what they print as 'money', the game will go on.
it can go on forever
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