Planet Earth's Debt Grows

[BlasterBates]

Planet Earth's Current-Account Deficit Grows 18% - Bloomberg

[Scoobos]

It's a good article IMHO - We need more people to realise that as far as the world economy goes, its all made up.

Apple worth billions why? are they making billions a year in profit? erm no..... Its because Mr Silver Spoon and his 2% of the worlds population buddies are telling us they project it to be that way.

Facebook worth millions of pounds? I doubt its even turned over a million pounds in the last year.

Skype worth 8.5 billion .... ffs.

I think capitalism is good mkay - but somethings got to give.

[MarillionFan]

It's a good article IMHO - We need more people to realise that as far as the world economy goes, its all made up.

Apple worth billions why? are they making billions a year in profit? erm no..... Its because Mr Silver Spoon and his 2% of the worlds population buddies are telling us they project it to be that way.

Facebook worth millions of pounds? I doubt its even turned over a million pounds in the last year.

Skype worth 8.5 billion .... ffs.

I think capitalism is good mkay - but somethings got to give.

You need solid valuations.

I have some magic beans here, which if planted will grow a beanstalk into the air that if you climb you will find a castle full of gold. I value these at £100 million, but will sell to you for just £1m. Can't think of anything that could go wrong getting that gold.

[xoggoth]

It's MINE! MINE! Start coffing up you b*

[OwlHoot]

From the article

Earth's trade deficit with the rest of the universe ...

If you include the Solar System, which arguably we own (in the absence of evidence to the contrary), then we have a vast trade surplus with the rest of the Universe, in the form of solar radiation.

If our descendents build a Dyson sphere then we might end up with a deficit. But I very much doubt mankind will hang around here for more than a few thousand years when there are so many other places to explore, and certain stagnation for those who stay.

[gingerjedi]

It's a genius plan to keep the Vogons from destroying Earth to make way for the intergalactic highway construction project.

[Spacecadet]

As the old saying goes:
If you owe the universe $1000, the universe owns you. But if you owe the universe $365,000,000,000, you own the universe

[NotAllThere]

It's ok. I found the missing $374 billion. It was down the back of my sofa.

[AtW]

are they making billions a year in profit?

They do billions in profit and they've got like $100 bln cash...

[Scoobos]

credit where its due for AtW + apple, my sentiment sticks for Skype n Facebook tho