is there any country in the world that has no debt? | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

VennD - Any Pairs - Any Style - Any Time 741 replies

Is there any one who could recommend me any LongTerm strategy 24 replies

How Do You Measure Volatility For Any Currency Pair? Is there Any Website/Indicator? 1 reply

is there any country in the world that has no debt?

  • #1
  • First Post: Jul 20, 2012 4:59am Jul 20, 2012 4:59am
Hey, I was just wondering if there are some countries in this world that has no debt? By looking at current situation and news, for me it looks that there are some hopeless countries such as Spain which I feel will never get out of their debts. And its sad that we got to such point.

Here is link. http://en.wikipedia.org/wiki/List_of..._external_debt
But some of data is old. And isnt debt of 100% GDP over the top? When can you ever return it? I know how the world works and how debt stimulates countries economy but it will be the doom of some countries too (Greece... anyone?).
  • #2
  • Jul 20, 2012 12:45pm Jul 20, 2012 12:45pm
WW3 will settle all debts.
  • #3
  • Jul 20, 2012 1:18pm Jul 20, 2012 1:18pm
Quoting TheGuy
Hey, I was just wondering if there are some countries in this world that has no debt?
There are plenty of countries with better debt to gdp ratios.
It is mainly the western countries that seem to think debt is good.

http://www.tradingeconomics.com/

There are many statistics on this site, see world & debt to gdp ratio
It never gets easier, you just get better
  • #4
  • Jul 20, 2012 11:00pm Jul 20, 2012 11:00pm
Quoting Coolleen
WW3 will settle all debts.
haha..lol, but you have a point there..
  • #5
  • Jul 22, 2012 8:19am Jul 22, 2012 8:19am
Well today debt is money, if you can impose your money to other countries like USA... So for those who can print money, debt can be good, and those who can't in bad times it crushes families, society, life (greece, Italy, Spain)
  • #6
  • Jul 23, 2012 5:31am Jul 23, 2012 5:31am
Yes, there may be some countries free from debt specially small counties.
  • #7
  • Jul 24, 2012 6:13pm Jul 24, 2012 6:13pm
There's a lot in asian countires...
  • #8
  • Jul 24, 2012 10:37pm Jul 24, 2012 10:37pm
Quoting TheGuy
Here is link. http://en.wikipedia.org/wiki/List_of..._external_debt.
wow Macau with zero debt (2010) is the best
thanks for the useful information, it was nice to know really that facts
  • #9
  • Jul 25, 2012 12:28am Jul 25, 2012 12:28am
Well today debt is money, if you can impose your money to other countries like USA... So for those who can print money, debt can be good, and those who can't in bad times it crushes families, society, life (greece, Italy, Spain)

____________________________


Alex....
  • #10
  • Jul 25, 2012 1:41am Jul 25, 2012 1:41am
the vatican has zero debt
practising coitus interruptus
  • #11
  • Jul 25, 2012 1:42am Jul 25, 2012 1:42am
Quoting avibe
the vatican has zero debt
Not monetary, anyway...
  • #12
  • Jul 25, 2012 1:44am Jul 25, 2012 1:44am
Quoting ToeCutter
Not monetary, anyway...
The Vatican has the richest bank in the whole world. Google around.
practising coitus interruptus
  • #13
  • Jul 25, 2012 2:42am Jul 25, 2012 2:42am
Quoting avibe
The Vatican has the richest bank in the whole world. Google around.
Paedophile central. It has a massive debt to society.

The Vatican Bank was (is) a hoarder of gold stolen from the Jews by the Nazis. A corrupt and sick parasite of a 'religion' (cult).
  • #14
  • Jul 25, 2012 2:49am Jul 25, 2012 2:49am
Quoting avibe
The Vatican has the richest bank in the whole world. Google around.
Exactly.
  • #15
  • Jul 25, 2012 3:43am Jul 25, 2012 3:43am
Not according to google:

Top 5 banks by market capitalization (source: Bloomberg Feb. 2008)

1. Industrial and Commercial Bank of China, ICBC (China): $278 Billion
2. Bank of America, BoA (USA): $196 Billion*
3. HSBC Holdings (UK): $177 billion
4. China Construction Bank (China): $165 billion
5. Bank of China (China): $165 billion
  • #16
  • Jul 25, 2012 6:51am Jul 25, 2012 6:51am
Its a bit too simplistic to only look at a country's debt, you should consider their net position, ie assets vs liabilities. Then you will find a few more countries in a favourable position, like Finland for example.

i.e. I could own a house worth 200,000 groats with an oustanding mortgage of 50,000 groats, in your example i would be 50k in debt, but i'm actually in a positve net position of +150k.
  • #17
  • Edited 12:56pm Jul 25, 2012 12:31pm | Edited 12:56pm
Quoting TheGuy
Hey, I was just wondering if there are some countries in this world that has no debt? By looking at current situation and news, for me it looks that there are some hopeless countries such as Spain which I feel will never get out of their debts. And its sad that we got to such point.

Here is link. http://en.wikipedia.org/wiki/List_of..._external_debt
But some of data is old. And isnt debt of 100% GDP over the top? When can you ever return it? I know how the world works and how debt stimulates countries economy but it will be...
Singapore is one island-country with surplus reserves, and consistently ranked as one of the top 3 wealthiest countries in the world. They have no natural resources like oil or minerals, but still managed to operate two giant sovereign funds: GIC and Temasek Holdings.
http://www.bloomberg.com/news/2012-0...-reserves.html

"Singapore’s reserves have climbed to more than $200 billion from $1.4 billion in 1971."

"Singapore’s returns from reserves added about S$7 billion a year to the city’s budget as the government seeks to spend more on infrastructure with an aging population, the Ministry of Finance said this month."

"Singapore’s central bank ..... reported a net profit of S$2.77 billion ($2.2 billion) in the year through March 2012, after a loss of S$10.9 billion in the previous period. Its total assets grew S$19.45 billion to S$319.2 billion in the same period, it said."
No longer trading forex. Looking for full time job.
  • #18
  • Jul 25, 2012 12:51pm Jul 25, 2012 12:51pm
Quoting mmaker
Singapore is one island-country with surplus reserves, and consistently ranked as one of the top 3 wealthiest countries in the world. They have no natural resources like oil or minerals, but still managed to operate two giant sovereign funds: GIC and Temasek Holdings.
http://www.bloomberg.com/news/2012-0...-reserves.html

"Singapore’s reserves have climbed to more than $200 billion from $1.4 billion in 1971."

"Singapore’s returns from reserves added about S$7 billion a year to...
Are you from singapore? I've loved singapore for some time now..when Im financially comfortable I will be moving out of the states and straight there.
  • #19
  • Edited 6:02pm Jul 25, 2012 1:07pm | Edited 6:02pm
Quoting w.penn
Are you from singapore? I've loved singapore for some time now..when Im financially comfortable I will be moving out of the states and straight there.
If you trade forex full-time as a profession, Singapore is one of the best places to be. In local time, the London open is 3:00pmSGT afternoon and New York open is 8:30pmSGT evening. So basically you can trade the two active sessions in sunny afternoon and after dinner. The internet infrastructure is top notch, 200Mbps fiber optic in most residential homes.

Also Singapore has no capital gains tax. If you are a full-time stocks/futures/options/forex trader, you don't file income tax returns. No inheritance tax too. This is the only country I know that their equivalent of IRS (Inland Revenue Authority of Singapore) does not tax the average private trader.

Some famous personalities reside in Singapore: investor Jim Rogers, Facebook co-founder Eduardo Saverin, Australia's youngest billionaire Nathan Tinkler, Indian telecom magnate Bhupendra Kumar Modi.
No longer trading forex. Looking for full time job.
  • #20
  • Jul 25, 2012 1:11pm Jul 25, 2012 1:11pm
Quoting mmaker
If you trade forex full-time as a profession, Singapore is one of the best places to be. In local time, the London open is 3:00pmSGT afternoon, and New York open is 8:30pmSGT evening. So basically you can trade the two active sessions in sunny afternoon and after dinner.

Also Singapore has no capital gains tax. If you are a full-time stocks/futures/options/forex trader, you don't file income tax returns. No inheritance tax too.

Some famous personalities reside in Singapore: investor Jim Rogers, Facebook co-founder Eduardo Saverin, Australia's...
Ya the times for trading are perfect, plus its beautiful..perfect weather, clean, prostitution is legal.. and you are so close to other asian countries for travel
0 traders viewing now