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jump to last post 1-4 of 4 discussions (4 posts)

If all the nations in the world are in debt, where did all the money go?

  1. boyatdelhi profile image81
    boyatdelhiposted 5 years ago

    If all the nations in the world are in debt, where did all the money go?

    Even US Has got Debt...

  2. peoplepower73 profile image94
    peoplepower73posted 5 years ago

    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.

  3. the girls profile image80
    the girlsposted 5 years ago

    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 ;-)

  4. safiq ali patel profile image72
    safiq ali patelposted 5 years ago

    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......