World debt and who they owe money to | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

About Candlesticks: Why they were created? What do they reveal? 160 replies

Govt bond auctions: they get money then what do they do with it? 2 replies

Which is the safest broker in relation to the bank they keep they're accounts with 16 replies

IBFX opens at 6PM EST- if market moves against me from 5 - 6 could I owe them money? 5 replies

World debt and who they owe money to

  • #1
  • First Post: Edited 10:38pm Jan 1, 2013 5:47pm | Edited 10:38pm
im not much into fundamentals. but if the whole world owes money to each other and every country is in crisis cant they just wipe the debt and start again?

WENDIGO
  • #2
  • Edited 7:21pm Jan 1, 2013 6:35pm | Edited 7:21pm
Because the money is not owed to countries, but to corporations and individuals, and those people have no intention of loosing their power.
Holy Grail part 1. - Cut loses short.
  • #3
  • Jan 1, 2013 7:13pm Jan 1, 2013 7:13pm
Quoting wendigo
im not much into fundamentals. but if the whole world owes money to each other and every country is in crisis cant they just wipe the debt and start again?

WENDIGO

I think we just outgrow out debt.
Play the players, not the cards.
  • #4
  • Jan 1, 2013 8:16pm Jan 1, 2013 8:16pm
Quoting GnarlyPips
I think we just outgrow out debt.


I hope that was sarcastic!
"Don't Panic..."
  • #5
  • Edited 9:09pm Jan 1, 2013 8:52pm | Edited 9:09pm
Inserted Video

And
http://www.forexfactory.com/showthre...66#post5789466 #1189
Enjoy.
Fuck Forex Factory.Wake up people.
  • #6
  • Jan 1, 2013 9:39pm Jan 1, 2013 9:39pm
Quoting Halifax


I hope that was sarcastic!
We've outgrown gold.
Play the players, not the cards.
  • #7
  • Jan 1, 2013 10:13pm Jan 1, 2013 10:13pm
Quoting Halifax


I hope that was sarcastic!
it's called INFLATION

that is how we outgrow debt
AVT INVENIAM VIAM AVT FACIAM
  • #8
  • Jan 2, 2013 12:17am Jan 2, 2013 12:17am
Quoting the redlion
it's called INFLATION

that is how we outgrow debt
Fair point and I agree, but that isn't really growth as real GDP won't rise, it's simply transferring the burden to people who didn't take on the risk in the first place.
"Don't Panic..."
  • #9
  • Jan 2, 2013 12:24am Jan 2, 2013 12:24am
that would be fiscal responsibility and innovative and vibrant economy.


inflation is what the gov. is doing to stealthily default or outgrow lol the debt they owe to themselves via FED monetizing.
AVT INVENIAM VIAM AVT FACIAM
  • #10
  • Jan 2, 2013 1:06am Jan 2, 2013 1:06am
Quoting wendigo
im not much into fundamentals. but if the whole world owes money to each other and every country is in crisis cant they just wipe the debt and start again?

WENDIGO
I suspect "Plan A" for some countries is to repay their debt with devalued currency (currency that’s worth less than it was when it was borrowed). But if that doesn’t work, a backup plan might involve 3 or 4 major economies defaulting on international debts at the same time. It wouldn’t surprise me if they’ve already discussed it behind closed doors.
  • #11
  • Jan 2, 2013 1:15am Jan 2, 2013 1:15am
Quoting the redlion
that would be fiscal responsibility and innovative and vibrant economy.


inflation is what the gov. is doing to stealthily default or outgrow lol the debt they owe to themselves via FED monetizing.

What's really scary are the people who don't grasp this.
Play the players, not the cards.
  • #12
  • Jan 2, 2013 2:25pm Jan 2, 2013 2:25pm
Quoting wendigo
im not much into fundamentals. but if the whole world owes money to each other and every country is in crisis cant they just wipe the debt and start again?

WENDIGO
Of course they can. But what happens when creditors allow their debtors to wipe out the debt? Ever heard of people not being able to pay their mortgages and then the banks just took the assets until they could recoup the money?

Well, and this is the only imaginable way the countries could wipe out their debt, by handing over their assets. This was discussed with greece, that they should sell some of their islands and tourist attractions. That would be the worst thing that can happen to a country.

Nothing is for free in this world, even for countries. If they wanna wipe out their debt, they need to offer something in exchange.
  • #13
  • Jan 2, 2013 8:50pm Jan 2, 2013 8:50pm
Iceland took a different approach than the US.

We bailed out the banks with borrowed money. Who was it borrowed from? When we "print" money, it is borrowed from the Federal Reserve, which is..... the banks!

Iceland put the criminal banksters in jail and said the debt was void - it was created fraudulently so it didn't have to be paid back. They bailed out their people, gave the money back.

If I borrow money and sign your name to it, that is fraud.

That's what the US government does every time they borrow (print) more money, it is put on the taxpayers' tab. Fraud.

See my Mencken quote below that I posted so many years ago. They just "saved" us again today! Wow, I feel so relieved.
  • #14
  • Jan 2, 2013 8:53pm Jan 2, 2013 8:53pm
Inserted Video
  • #15
  • Last Post: Jan 4, 2013 2:23pm Jan 4, 2013 2:23pm
Quoting blueruby
Iceland put the criminal banksters in jail and said the debt was void - it was created fraudulently so it didn't have to be paid back. They bailed out their people, gave the money back.
What do you mean the debt was void?

All the people in Iceland who were buying real estate with money from these banks....the government just up and said the people didn't have to pay it back?
0 traders viewing now