Number of the Week: $10.2 Trillion in Global Borrowing 2011, page
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Topic started on 7-11-2010 @ 05:25 PM by EyeHeartBigfoot

Number of the Week: $10.2 Trillion in Global Borrowing 2011


blogs.wsj.com
$10.2 trillion: The amount of money advanced-nation governments will need to borrow in 2011

As the debts of advanced countries rise to levels not seen since the aftermath of World War II, it’s hard to know how much is too much. But it’s easy to see that the risk of serious financial trouble is growing.

Next year, fifteen major developed-country governments, including the U.S., Japan, the U.K., Spain and Greece, will have to raise some $10.2 trillion to repay maturing bonds and finance their budget deficits, according to estimates from the International Monetary Fund. That’s up 7% f
(visit the link for the full news article)


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reply posted on 7-11-2010 @ 05:25 PM by EyeHeartBigfoot
We just seem to have our graves being dug deeper and deeper by TPTB. This can not go on forever! When or how will any country be able to start paying back? What if the constant borrowing is the major problem and further borrowing is just more salt in an already putrefied wound?

This money machine monster must be brought to a quick stop until a real solution can be made and let the healing begin.

No household, small business or corporation could ever operate this way and not go into bankruptcy.

In a household, it is usually the most reliable and responsible money handler that has control over the finances.

In a small business, most successful owners do the money handling themselves or hire an accountant.

In a corporation, they hire the most respected with a proven history of proper finance and a board of directors to make all financial decisions.

However, in governments we leave this all important task in the hands of elected politicians how usually were elected by almost any other means than proving they know how to handle financial matters properly.

This isn't news to most but seeing how it just keeps getting worse, I think that having this information constantly brought up until some resolve is found is necessary.

I guess I am just as guilty as any other as I have not done anything to keep them from constantly flogging this dead horse...

blogs.wsj.com
(visit the link for the full news article)
edit on 11/7/2010 by EyeHeartBigfoot because: typo



reply posted on 7-11-2010 @ 06:26 PM by oozyism
reply to post by EyeHeartBigfoot


Funny how some are really delighted that Obama apparently produced 50,000 jobs by visiting India, not knowing how many jobs will be lost when trying to find this money out of thin air.

It will either be through more borrowing, or jobs have to be cut.



reply posted on 7-11-2010 @ 09:47 PM by tooo many pills
If every country needs to borrow money from another country in order to sustain itself, how can a country afford to lend money to another country? Are they practicing fractional reserve banking and just sending the money back and forth to each other digitally when it is time to pay the bill without physically having that much liquid money?

Who exactly is each country borrowing and paying their debt too, if not from each other? From this article it seems like the IMF knows or is in control of the world’s finances.

Do you believe in the end every country is in debt to the Rothschilds? They could have hidden themselves as the main creditor to all nations through a complex globalized banking system where money is only transferred digitally all of the world from country to country as loans or payment of debt, so each country can spend money in order to tax money, which allows countries to pay their debts to different countries thus continuing the cycle. This enslaves each nation and human to the system they designed to benefit from. The owners of the system of debt then sit back and collect the interest from their money which they lent out to each country. Each country pays each other and the money keeps changing hands so nobody knows who the final creditor is. They allow each country to increase its debt to infinity because they never want it to be fully paid off to ensure the cycle. Then they use each country's debt as leverage to manipulate their government, economy, and the whole of humanity as they see fit?
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