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Author Topic: Jesus f***ing monetary Christ!  (Read 6199 times)

Dwarf

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Jesus f***ing monetary Christ!
« on: January 14, 2010, 06:45:02 am »

The USA has, appearently, got almost 55 billions $ in debt. :o
(55 trillion, short scale guys)
[urlhttp://www.usdebtclock.org/#]US Debt Clock[/url]

How the hell did that happen?
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HAMMERMILL

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Re: Jesus f***ing monetary Christ!
« Reply #1 on: January 14, 2010, 07:29:50 am »

It sounds bad because the USA is the most powerful economy in the world.

As a portion of the GDP, our debt is pretty average.

Most European countries are in a much worst situation the USA is. We can actually pay off our debts someday.

http://www.nationmaster.com/graph/eco_deb_ext_pergdp-economy-debt-external-per-gdp
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Hippoman

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Re: Jesus f***ing monetary Christ!
« Reply #2 on: January 14, 2010, 08:19:31 am »

The USA has, appearently, got almost 55 billions $ in debt. :o
(55 trillion, short scale guys)
US Debt Clock

How the hell did that happen?
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Vester

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Re: Jesus f***ing monetary Christ!
« Reply #3 on: January 14, 2010, 08:41:38 am »

Correct me if I'm wrong, but isn't it normal for a country to be in debt?
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Re: Jesus f***ing monetary Christ!
« Reply #4 on: January 14, 2010, 08:53:27 am »

That clock is a bit wrong on it's calculations. Namely the ones involving people, as it is around 50 million off.
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Cthulhu

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Re: Jesus f***ing monetary Christ!
« Reply #5 on: January 14, 2010, 09:10:55 am »

Yes, Dwarf.  We, like all countries, borrow money from other countries.  Global economy is fun, huh?
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Neruz

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Re: Jesus f***ing monetary Christ!
« Reply #6 on: January 14, 2010, 09:16:31 am »

Yes, Dwarf.  We, like all countries, borrow money from other countries.  Global economy is fun, huh?

Unbelievable! How could the US possibly borrow money from other countries? This is appaling!

DJ

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Re: Jesus f***ing monetary Christ!
« Reply #7 on: January 14, 2010, 09:20:14 am »

You're not making your payments on time. I think we're going to repossess California, Hawaii and Alaska (ie all the cool states).
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Cthulhu

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Re: Jesus f***ing monetary Christ!
« Reply #8 on: January 14, 2010, 09:21:04 am »

Alaska (ie all the cool states).

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Neruz

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Re: Jesus f***ing monetary Christ!
« Reply #9 on: January 14, 2010, 09:21:29 am »

I've got a big pair of continent scissors you can use to chop the good bits off when the Chinese start repossessing America because she defaulted on her debts.

Alaska (ie all the cool states).

Palinlol

Ololol

She can be extracted. Or moved to Russia.

cerapa

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Re: Jesus f***ing monetary Christ!
« Reply #10 on: January 14, 2010, 10:11:33 am »

Correct me if I'm wrong, but isn't it normal for a country to be in debt?
If everyone is in dept then who is everyone owing money to?
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TheNewerMartianEmperor

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Re: Jesus f***ing monetary Christ!
« Reply #11 on: January 14, 2010, 10:12:29 am »

Everyone else, of course.
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Re: Jesus f***ing monetary Christ!
« Reply #12 on: January 14, 2010, 10:14:02 am »

Credit's lots of fun.
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Muz

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Re: Jesus f***ing monetary Christ!
« Reply #13 on: January 14, 2010, 11:00:09 am »

I remember it being around 1 trillion about a decade ago.. something about some article saying that Bill Gates could repay it.

Heh, I dunno, common sense seems to say that if you're making a lot of money you should not be in debt. I mean for a developing country, it's fine, but when you're already developed, what could you spend it on that'll pay off?

I'm sure they're making some high tech investments. And humanitarian ones too. I guess that's good enough.
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Leafsnail

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Re: Jesus f***ing monetary Christ!
« Reply #14 on: January 14, 2010, 12:38:19 pm »

Correct me if I'm wrong, but isn't it normal for a country to be in debt?
If everyone is in dept then who is everyone owing money to?
The Chinese and Japanese mainly, I believe.  Although they're in debt too, to private companies, I guess.

Also, the info on debt vs GDP provided earlier seems a bit... well... wrong.  The CIA figures look pretty similar to the ones I've seen quoted most by reputable sources.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html

(Yeah, it's a bit out of date.  UK is up to around 60% now, for instance).
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