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(Reuters) - Global debt levels rose to more than 325 percent of the world’s gross domestic product last year as government debt rose sharply, a report from the Institute for International Finance showed on Wednesday. The IIF’s report found that global debt had risen more than $11 trillion in the first nine months of 2016 to more than $217 trillion. The report also found that general government debt accounted for nearly half of the total increase.
originally posted by: Jubei42
a reply to: Revolution9
Who's getting the money? Those that forked it out in the first place
Are you sure you're asking google the right questions? Who owns the US debt
NHS leaders meet to discuss cutting services amid funding gap - live updates
Meeting is expected to consider increased rationing and longer waiting times for treatment after a budget in which the chancellor gave NHS England less than half of the £4bn extra funding for next year that it had requested
a reply to: Revolution9
Can you tell me who is getting all the goodies...
originally posted by: Revolution9
originally posted by: Jubei42
a reply to: Revolution9
Who's getting the money? Those that forked it out in the first place
Are you sure you're asking google the right questions? Who owns the US debt
I have asked a million questions. It is not about who owns the debt. You are not thinking properly. It is who makes the INTEREST out of the debt.
Where is the PROFIT going, to whom? Does it go to the people, to services? Does not look like it to me. If that was so then the interest from the debt should be giving us better resources in society. We ALL know the reality, the world over, that we are being tightly squeezed.
Look with eyes to see:
Today's news in the UK:
www.theguardian.com...
NHS leaders meet to discuss cutting services amid funding gap - live updates
Meeting is expected to consider increased rationing and longer waiting times for treatment after a budget in which the chancellor gave NHS England less than half of the £4bn extra funding for next year that it had requested
Our nation's health is getting worse. This has gone right downhill in the last twenty years. It is disgusting. By your reckoning, with all the debt interest we should be able to fund this no probs, but we can't. That is because the money does not go to government. It ends up in the hands of a chosen few. Really, it does.
Present me with an audit of what America pays in interest, where it goes to and who actually gets the money. Present me with an audit of what America gains in interest (oh, i forgot it earns nothing because the Feds are private and lend to the nation, but never let the nation share in the profits from interest. Am I wrong for thinking that goes to the SHAREHOLDERS? Half the shareholders get just a little trickle as they are there to show how egalitarian it all is. The other half very often goes to one investment company or two sometimes if they are "in it" together. It is a regular investment pattern. A newspaper like "The Economist" (that I wrote a thread about he other day) gives a clear indication of how they operate; the "civilized" facade and the grim barbaric "feudal" reality.
originally posted by: DISRAELI
a reply to: Revolution9
The debt is owed (and interest paid) to anyone who buys government stocks. Ordinary people can do that, on the stock exchanges, but obviously not in such large amounts as the big financiers can afford.
I hold about £150 worth of Premium Bonds, which makes me a government creditor to that amount. But the interest on those bonds comes in the form of regular chances in the lottery.
originally posted by: EartOccupant
a reply to: Jubei42
What i find hard to comprehend that if you count all the debt of all the nations around the world...
Who has enough money to supply that in the first place?
originally posted by: ScepticScot
The single biggest receiver of interest paid is the federal government it's self.
The rest is paid out to anyone who owns US government debt. The biggest group of debt holders are US pension funds who for obvious reasons want fixed returns and near zero risk on a portion of their investments.
The Federal Reserve said Monday it sent a record $97.7 billion in profits to the U.S. Treasury as the central bank's vast holdings of mortgage-backed securities and other investments continued to produce a bumper crop of interest income.
Interest payments on the national debt cost the government £46 billion a year.
Is this the complete picture? It is regularly reported that so-and-so pension fund has a black hole and may require a government bailout? There is a need to know precisely who are the creditors and were they involved in the 2008 collapse. Billions of pounds of investment have been lost as a result of qe and low interest rates. How is that woven into the picture?
originally posted by: EartOccupant
a reply to: ScepticScot
Yup, so the intrest goes to the creators of the money... out of thin air.
Now who has the right to create money? That must be the people right? Or at least the government?
I know the answer.. And i don't like it.
originally posted by: Revolution9
a reply to: ScepticScot
Yes, even a child know this. I am asking WHO it goes to.
All of us her can only guess. They will not actually tell us.
You would need to be an Economics Professor to trace it all and then you would be wanting to keep very quite once you had for fear of losing your career, believe it.
originally posted by: ScepticScot
originally posted by: EartOccupant
a reply to: ScepticScot
Yup, so the intrest goes to the creators of the money... out of thin air.
Now who has the right to create money? That must be the people right? Or at least the government?
I know the answer.. And i don't like it.
No the interest goes to the people who buy the debt. The government who create the money pay it.