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Author World Debt ... Whom OWE's Who?
DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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18th Nov 11 at 12:19   View User's Profile U2U Member Reply With Quote
Not sure if this has been posted but its pretty interesting

http://www.bbc.co.uk/news/business-15748696

The best bit is we owe the USA 578.6 billion Euros but they owe us 834.5 billion Euros.

Isnt it such a mad world we live in that they can't just write off each others debts
Tomnova16
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Registered: 21st Jan 06
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18th Nov 11 at 12:26   View Garage View User's Profile U2U Member Reply With Quote

from that it looks like the US are really fooked

http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
Phillips_91
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18th Nov 11 at 12:27   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Tomnova16

from that it looks like the US are really fooked


They have a 'low' risk status
DaveyLC
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18th Nov 11 at 12:33   View User's Profile U2U Member Reply With Quote
The risk seems to be based on if the country is owed money.. Look at Greece nobody owes them anything
Eddx14xe
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18th Nov 11 at 12:35   View User's Profile U2U Member Reply With Quote
The UKs debt is equiliant to €117,000 per person
Russ
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18th Nov 11 at 12:39   View User's Profile U2U Member Reply With Quote
Let's chip in
Eddx14xe
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18th Nov 11 at 12:40   View User's Profile U2U Member Reply With Quote
Could buy a house up north for that.
adiohead
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18th Nov 11 at 12:41   View User's Profile U2U Member Reply With Quote
I blame New Labour
Jambo
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18th Nov 11 at 12:41   View User's Profile U2U Member Reply With Quote
My Mum owes me three birthday presents.
RichR
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18th Nov 11 at 12:43   View Garage View User's Profile U2U Member Reply With Quote
I've never thought about it in that detail ebfore but as you said about the USA and UK, We owe France 209.9B and they owe us 220B; why would that not be written off to leave the remaining 10.1B owed to us? Doesn't make sense to me
Tom
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18th Nov 11 at 12:46   View User's Profile U2U Member Reply With Quote
France seem to be owed a fair wedge, let's just f*ck them off though they won't kick up a fuss!
RichR
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18th Nov 11 at 12:46   View Garage View User's Profile U2U Member Reply With Quote
Japan seems the only viable option with higher GDP than Foreign debt levels. US is almost equal, ours is pretty poor but Ireland is fucked
Tom G
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18th Nov 11 at 12:52   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by LiVe LeE
I've never thought about it in that detail ebfore but as you said about the USA and UK, We owe France 209.9B and they owe us 220B; why would that not be written off to leave the remaining 10.1B owed to us? Doesn't make sense to me


Because It's never going to be paid off?
spencer88
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18th Nov 11 at 12:52   View User's Profile U2U Member Reply With Quote
How is Petoria getting on?
Gary
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18th Nov 11 at 12:57   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by LiVe LeE
I've never thought about it in that detail ebfore but as you said about the USA and UK, We owe France 209.9B and they owe us 220B; why would that not be written off to leave the remaining 10.1B owed to us? Doesn't make sense to me


Exactly. Seems stupid to me
Pablo
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18th Nov 11 at 13:01   View User's Profile U2U Member Reply With Quote
How can we owe them and they owe us? Surely that cancels each other out...
DaveyLC
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18th Nov 11 at 13:03   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Pablo
How can we owe them and they owe us? Surely that cancels each other out...


They should but if that was the case all of the banks in the middle wouldnt get their interest.. Poor banks
RichR
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18th Nov 11 at 13:16   View Garage View User's Profile U2U Member Reply With Quote


Just knocked this up which actually shows things don't look as bad for us as the figures suggest on first look

[Edited on 18-11-2011 by LiVe LeE]
Pablo
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18th Nov 11 at 13:17   View User's Profile U2U Member Reply With Quote
monkeys
RichR
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18th Nov 11 at 13:17   View Garage View User's Profile U2U Member Reply With Quote
I think the worst thing for us is how indebted we are to Spain
adiohead
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18th Nov 11 at 13:18   View User's Profile U2U Member Reply With Quote
Fucking Gordon Brown kept borrowing money. Fucking prick
RichR
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18th Nov 11 at 13:20   View Garage View User's Profile U2U Member Reply With Quote
and sold our Gold reserves when Gold was stupidly low
DaveyLC
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18th Nov 11 at 13:23   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by LiVe LeE


Just knocked this up which actually shows things don't look as bad for us as the figures suggest on first look

[Edited on 18-11-2011 by LiVe LeE]


But the politicians will keep telling us we're fucked so we spend more
adiohead
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18th Nov 11 at 13:25   View User's Profile U2U Member Reply With Quote
When the cuts come in next year that figure should be sorted out in no time.
Gary
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18th Nov 11 at 13:29   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by DaveyLC
quote:
Originally posted by LiVe LeE


Just knocked this up which actually shows things don't look as bad for us as the figures suggest on first look

[Edited on 18-11-2011 by LiVe LeE]


But the politicians will keep telling us we're fucked so we spend more


People spend less when were told were in the shit. That's why were not pulling out of this. We need to spend our way out of this shit

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