Debt, Debt, Debt.
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- mikotondria3
ALL this debt, it's all we hear about. Drowning in debt, runaway interest accumulating on all this debt.
To whom ?
To whom is all this money owed ? A small number of rich people ? If the money has been spent, where has it gone ?
Surely just back round again - it's never destroyed.
I suggest we all just massively 'default'. And start again, and see what happens.
The current scenario of the next 3 generations having to work to pay off our debt is totally bogus - it would be 3 generations working to pay off a small number of people's massively inflated interest-hiked debt. Fuck them, genuinely sorry - but you knew there was a risk 'investing' in us and expecting more back than you put it. You lost.
We're just getting on with our normal lives, we're not going to be your slaves for the next 50 years. Tough it out. The common good of 7 billion people is more important. You lost.
- d_rek0
/end thread
- GeorgesII0
don't worry in 3 generations,
the proles will think it was always like that,
they won't even ask for freedom or liberty,
they'll just eat shit and die
(literally)
- registe0
i hope your clients default on you. i'm sure you charge more for services than you put in to them.
- But where's the money 'GONE' ?
mikotondria3 - Have you heard of Iraq?formed
- ChinaBozMan
- Most debt is paid to institutions like school, car, house mortgages and not paid back.teh
- But where's the money 'GONE' ?
- GeorgesII0
SIR please step out the car,
You haven't Updated your facebook status in the past 3 hours,
- 4040
world ends tomorrow yo!
- exactly, so shopping tonight and accumulate more debt!desmo
- But the shops and suppliers ALL get paid, and pay down their debt. No debt is created.mikotondria3
- utopian0
- that graph shows the gap narrowing, actually...it's all relativemonospaced
- that graph is highly inaccurate.Amicus
- very cool. even if not accurate.pango
- set0
Unfortunately number one problem with this world... Some people want more than others.
'A small number of rich people' - I hope they all die and rot in hell.
- showpony0
money is kind of fake... this explains where the money "went" quite well:
- detritus0
The debt is mostly our own, or at worst,
to people who are themselves indebted to us.'They' often appear to forget to mention this when
they over-report in the media..
it's the engine that broke — not the oil keeping it going.
- GeorgesII0
this whole society blah blah can be summed up quite easily
- mikotondria30
All I'm confused about is that this debt represents an amount of money that's been spent. Which means people have it. It's not possible to both (net) owe and own, we can't all owe each other the money, that's not what debt ownership is. If we each owe someone else $10, the total amount of debt is zero, as someone owes you $10.
- fadein110
mikotondria3: I like you - lets do it
- timeless0
debt is the amount of money that is owed. Whether it has been spent or not is irrelevant.
- pinkfloyd0
Here's some interesting numbers from http://www.usdebtclock.org/
U.S. National Debt:
$14,387,856,500,000Debt Per Citizen:
$46,204U.S. Population:
311,389,594Actually Unemployed:
23,695,870Food Stamp Recipients:
43,944,790US Retirees & SSI:
65,319,000Average Savings per Family:
$6,607Solution? Kill all the old people.
- wow, your solution is really good,
oooh wait, you'll get old too,
ya cunt!!GeorgesII - You just like calling me that C word don't youpinkfloyd
- McDonalds, Soda, Fast Food....the gov't doesn't want us to live long, fyipinkfloyd
- sorrry Pinkfloyd,
today is cunt day around here eheheh In death we are all cunts ;PGeorgesII - I can't hate you Georgepinkfloyd
- wow, your solution is really good,
- formed0
The money has been spent, on food, on wars, on salaries, on pensions, on roads, on bridges....it has been "spent" to keep people employed, fed, armed, etc.
If you borrow $1mill from the bank to build a house, the money goes to all those carpenters, construction crews, loan officers, etc. If you default, the bank gets screwed and anyone trying to get a loan later on won't be able to, which screws those carpenters out of work, which will starve their little babies.
Same thing, just a bigger scale. Our "bank" is primarily China. If we were to "default", it would send the world into chaos, which would ruin the financial world in a millisecond. They buy our debt because it is a "safe" investment, just like if you bought a local bond. If the local bond issuer were to 'default', that would make their credit worthless, which would make it impossible to do anything in the future (think everything from bridges to stadiums).
The world would stop buying our debt, just like if a bank couldn't sell their debt, it would stop the big money wheel and we'd end up stagnating everything and anything (the world moves on credit and debt, without it everything from your supermarket to Microsoft to Halliburton would die)That will not happen. Regardless of what the R's are threatening, it will not happen (and everyone knows it).
- maikel0
Oh mate.
I think you need to read a few books about economy.I mean, I agree it is all a big con, but no. World is not going to stop. If you ask where is the money, I'd say there was no money to start with.
The debt and it's management is one of the best ways of making money. And when you say the suppliers/manufacturers/etc pay, you are making a massive mistake. Any mid to large companies borrow money to operate. It is not financially viable to run any projects on actual capital and it comes to a time where you have enough goods that it makes almost impossible knowing how much you own... or you owe. And it fluctuates.
To make it easier, I think you will be better off dealing with design issues than with economy ones. No offence intended.
Worst case scenario you can always ask Hedge...
- haha - so thats a good thing???fadein11
- Mate, I never said it's a good thing, but you are fooling yourself if you think it's a lie just because you don't like itmaikel
- i have a right to belive what I want - and the capitalist system is a lie - FACTfadein11
- yeah mate, close your eyes and aaaaaall what you don't like will go away. cheers!maikel
- pinkfloyd0
I feel bad for the recent grads who are having a hard time finding jobs.
- mikotondria30
If only there was a legitimate way to get the money back from the ultra rich people, like we used to. Then the Govt wouldn't spend money it didn't have...
I think it would only be fair to have very wealthy people pay more of this money, because, you know - being very wealthy they own and control all this shit and their fantastic wealth buys privilege and power out of proportion to their real value. Thoughts ?- stick to ya guns - a lot of people believe lies on this thread.fadein11
- mikotondria30
I'm just trying to get people to use common sense in thinking about what this all means in real terms. People going to work, the movement of cash and goods. Before crisis = gradual accumulation of wealth by those people cunning enough to funnel it towards them. After crisis = 'massive debt' = everyone working to "pay it off" ....to whom?? is all I'm asking. Show me a list of the people who are owed the most by the US Govt.
- Other countries. We pay via tax. It's not that hard.404NotFound