|HubPages Device ID||This is used to identify particular browsers or devices when the access the service, and is used for security reasons.|
|Login||This is necessary to sign in to the HubPages Service.|
|HubPages Traffic Pixel||This is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.|
|Remarketing Pixels||We may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.|
|Conversion Tracking Pixels||We may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.|
If all the nations in the world are in debt, where did all the money go?
Even US Has got Debt...
It's very simple. If you buy everything with a credit card. You don't need money. But you will incur debt. In the US, we have had several wars (one we are still having), Medicare Part D and many other programs that were never funded.
We sell treasury bonds to other countries and other big moneyed interest. That's our credit card. There are two types of investments: equity and debt. Equity is where you own something, like stocks and debt is where the holder of the bond is lending you money and you pay off the loan, usually with interest.
In general, money is never really printed to increase the money supply. They sell bonds and the Federal Reserve raises and lowers the interests rates to regulate supply and demand, which in turns tries to regulate inflation.
In the Eurozone, they have a Central bank that lends the member countries money, that basically does the same thing that we do.
I started out saying this was simple and now I'm getting all involved. I hope this helps. For others out there, if this is not a correct explanation, please feel free to correct me.
Lol, I think all the nations in the world are not in debt (like helplessly in debt). In finance, we have a constant equation called Asset= Liabilities (debt) + Net worth . So we you incur debt, you either spend it buying/building an asset or keeping the proceeds somewhere else. The countries that will have a negative asset will be bailed out by others.
In government accounting, there are many fiscal ways to increase the asset (like cash from taxes) to help pay off the debt without compromising the Net worth as much as possible.
This is an intelligent question boyatdelhi ;-)
We've overspent gov. Largely on the cost of security after 9/11 and 7/7. The war in Afghanistan and Iraq has been costly. Also governments are in debt because lots of tax rebels haven't paid their taxes for years......
by Holle Abee8 years ago
WHY are we helping to bail out Greece when we're broke? I mean, I feel sorry for the Greek citizens, but can we really afford this right now?
by Rhonda D Johnson2 years ago
What did the US use for collateral when we borrowed money from other countries?We know that the US government has borrowed billions of dollars from China, Japan and other countries. But what did we use for...
by sandra rinck9 years ago
Let me start off with roolllff! Everytime I look at a bill I get sick, everytime I need to bust out a credit card just to make it to the next month I wanna puke. Trying to get along in a busting economy is...
by Gary Anderson8 years ago
The tower of Babel was a sign of God's displeasure with the uniting of mankind. The tower was destroyed and yet, the Pope has called for a New Financial World Order, which ultimately will break down the barriers of...
by Rebecca Graf8 years ago
What questions would you like to see answered about credit card debt?
by alexandriaruthk4 years ago
There should be no borders separating nations, agree or disagree?The fact that we have different nations, different interests, culture etc. Do you think that it is more better if we have no borders?
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.
HubPages and Hubbers (authors) may earn revenue on this page based on affiliate relationships and advertisements with partners including Amazon, Google, and others.