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"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain -
I assume it must include the sovereign debt that is owned by various private sector entities, i.e. US banks own X amount of UK govt debt, UK banks own X amount of US govt debt, etc.Originally posted by scooterscot View Post"A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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I'm sure one of the resident 'experts' will enlighten us.Originally posted by scooterscot View PostScience isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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Jesus wept.Originally posted by scooterscot View Post
If you cannot understand that graph and what it represents ( even after several hours ) you really should keep your mouth shut and stop posting on this subject.Comment
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Der mouth has been closed ze whole timeOriginally posted by minestrone View Post
"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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The debts are mostly long term bonds and stuffs; you can't cash em in like lottery tickets you know....Originally posted by gingerjedi View PostI've looked at that link a few times now but still don't understand how global finance works.
If 'A' owes 'B' £10 and 'B' owes 'A' £9 then it stands to reason that 'A' really owes 'B' £1 no?
I can't be the only one thinking this??Comment
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It's all the external debt of government, banks and other companies, and individuals. It's held by all sorts of foreign institutions and individuals. So it's not a case of uk owes france x and vice versa but of tesco owes credit lyonnais owes lloyds owes deutsche bank owes a pension fund owes your granny.While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Well we've seen the blinds, I'm waiting for Germany to to say "all in" to the Euro hold'em contest and we can see who folds...If you think my attitude stinks, you should smell my fingers.Comment
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But none the less not as bad as the headlines try and make it seem.Originally posted by tractor View PostScience isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
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