Re: If the world is totally in debt...

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Article #201

#201

From: David Clayton
Date: Thu, 29 Sep 2011 03:58

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On Wed, 28 Sep 2011 12:44:56 +1000, Sekula wrote:

> The US and Europe are sinking in debt. Who do THEY owe all this money too?
> Can't be 3rd world nations. China? You tell me.

They owe the money to the future. People have "loaned" governments money
with the collateral of future populations being taxed to pay off the debt.

All loans are a trade of something you have for cash, if you don't have
current assets then you - as a government or as a person - trade what you
in all probability will have.

It is when the confidence in the "probability" reduces or someone
figures out that the "probability" is based on total BS that the problems
begin.

Add in the distasteful fact that by manipulating the perceptions of that
probability enables some people to make lots of money (regardless of the
consequences) then you have the current state of the "market".

-- 
Regards, David.

David Clayton
Melbourne, Victoria, Australia.
Knowledge is a measure of how many answers you have, intelligence is a
measure of how many questions you have.

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From: David Clayton <dcstarbox-usenet@NOSPAM.yahoo.com.au>
Subject: Re: If the world is totally in debt...
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