Yup, those numbers are huge.

where's all the borrowed money come from?

quote:

Originally posted by apostrophe Yup, those numbers are huge. where's all the borrowed money come from?

Other countries in debt. Its a part of the economical system, you need it.

Russia is number two, what a suprise.

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quote:

Originally posted by Boomer187 Its a part of the economical system, you need it.

I've never paid attention much to country's national debts...sorry if it's a stupid qs, but why does the system need the debt? does it stimulate financial interaction between countries or something?

quote:

Originally posted by apostrophe I've never paid attention much to country's national debts...sorry if it's a stupid qs, but why does the system need the debt? does it stimulate financial interaction between countries or something?

I was thinking the same thing as I was posting.



I have no idea. I just rememebr a long time back someone posted in a thread about debt that we need it. If it was canceled or there was no debt the economy would colapse.

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Originally posted by Xenocreator_PG_ Rank Country National Debt 1 Brazil $232,004,000,000 2 Russia $183,601,000,000 3 Mexico $159,959,000,000 4 China $154,599,000,000 5 Indonesia $150,875,000,000 6 Argenina $144,050,000,000 7 South Korea $139,097,000,000 8 Turkey $102,074,000,000 9 India $98,232,000,000 10 Thailand $86,172,000,000 ^these are huge numbers!!! How can a country with over $100,000,000,000 ever pay it off? I wonder what the interest is on such a debt??! Even in 500 years, it is not achievable (eg: It is not possible for a countries govenment to generate $200,000,000 a year to repay foreign debt). Discuss.

Biggest surprise is US not in the top ten. Rcckon we're better off in the grand scheme of things than I thought.


[[[smoke]]]

quote:

Originally posted by Xenocreator_PG_ Rank Country National Debt 1 Brazil $232,004,000,000

quote:

Originally posted by apostrophe Yup, those numbers are huge. where's all the borrowed money come from?

Well, it all started with Portugal, in our case. When we became independent, Portugal owed loads and loads of money to England and decided to present us with their debts. A funny thing is that Brazil was a kingdom and the soon-to-be-emperor decided it was time for independence even though he was Portuguese himself. Go figure.

Time passed and we couldn't pay it, so some geniuses in charge decided it would be a good idea to borrow more money so we could pay our previous debts. And so on... bloody politicians.

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quote:

Originally posted by josh4 United States $7,884,285,747,937

US's debt's too large to be listed on there..

what the hell is bush thinking.

quote:

Originally posted by apostrophe US's debt's too large to be listed on there.. what the hell is bush thinking.

Well, that's more like it. Makes us #1. Hooah!
Try and come collecting though....with you and what Army?
HAHHAHAAAAA!!!!




[[[smoke]]]

Xeno, where did you get these numbers from, by the way?

Here are external debts only from the CIA Factbook.

1 World $ 12,700,000,000,000 2004 est.
2 United Kingdom $ 4,710,000,000,000 2003
3 United States $ 1,400,000,000,000 2001 est.
4 Italy $ 913,900,000,000 2004 est.
5 Spain $ 771,100,000,000 2004 est.
6 Canada $ 570,000,000,000 2004
7 Australia $ 308,700,000,000 3rd quarter, 2004 est.
8 Portugal $ 274,700,000,000 2004 est.
9 China $ 233,300,000,000 3rd quarter 2004 est.
10 Brazil $ 219,800,000,000 2004 est.
11 Russia $ 169,600,000,000 2004 est.
12 Korea, South $ 160,000,000,000 2004 est.
13 Argentina $ 157,700,000,000 2004 est.
14 Mexico $ 149,900,000,000 2004 est.
15 Indonesia $ 141,500,000,000 2004 est.
16 Iraq $ 125,000,000,000 2004 est.
17 India $ 117,200,000,000 2004 est.
18 Poland $ 99,150,000,000 2004 est.
19 Israel $ 74,460,000,000 2004 est.
20 Greece $ 67,230,000,000 2004 est.

Extra reading material on national debt

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^_who the is going to collect, if ever? the figures are so huge that there's no way to collect them, it seems. And they keep increasing...I dont see how anyone's going to repay anyone...

quote:

Originally posted by smokeape Well, that's more like it. Makes us #1. Hooah!

haha, and come to think of it, that makes complete sense.