Reply to: Here comes the currency collapse

[ThomasSoerensen]

Hmm, $9,170,000,000,000 (9 trillion $). Does anyone owe us anything?

How many people are you? 60.000.000? What will be 152833 $ plus interest form each one of you.

Do you wish to pay in 3 easy installments?



Compared to the US you are nuts they only have 45466 $ per head

Good luck! You need it.

[TimberWolf]

Fixed the URL for you.

Hmm, $9,170,000,000,000 (9 trillion $). Does anyone owe us anything?

[Sysman]

Don't be too smug, chef. The current account deficit is effectively how big an overdraft a country has. Here's the listings of the cumulative debt that the UK owes all other countries. Germany doesn't come out so great on this measure although the UK is obviously in dire straits should johnny foreigner ask for his money back.

https://www.cia.gov/library/publicat...e=eu&rank=2#uk

Fixed the URL for you.

[the_duderama]

Why does this have happen after i've cleared all my student debt and managed to mass a decent amount of cash?

[mace]

resident, live and work
the little debt I have is in GBP

Don't be too smug, chef. The current account deficit is effectively how big an overdraft a country has. Here's the listings of the cumulative debt that the UK owes all other countries. Germany doesn't come out so great on this measure although the UK is obviously in dire straits should johnny foreigner ask for his money back.

https://www.cia.gov/library/publicat...tryName=United Kingdom&countryCode=uk&regionCode=eu&rank=2#uk

[BrilloPad]

http://news.bbc.co.uk/1/hi/business/8266266.stm

Thank god money doesn't bring you happiness or I'd be miserable now.

Currebcy collapse is a good thing. It will bring us of of the coming depression sooner than other countries.

[lilelvis2000]

Thank God we didn't join the Euro back when it was ~1.6 Euros to the pound. We'd be really screwed now if we had.

So that whole "stick with the Pound" debate was not about sovereignty then?

[lilelvis2000]

Just makes all my Canadian cash more valuable! mwahahahaha

[VectraMan]

Thank God we didn't join the Euro back when it was ~1.6 Euros to the pound. We'd be really screwed now if we had.

[chef]

Germany at No. 2, with Norway and Holland also in the top 7.

resident, live and work
the little debt I have is in GBP

[Sysman]

Scroll down (a long way)


https://www.cia.gov/library/publicat.../2187rank.html

Germany at No. 2, with Norway and Holland also in the top 7.

[TimberWolf]

We are so used to the US being so much in hock that we have got used to it. And most people think that's sustainable.
But what if it isn't and we find out in a dramatic way in the not too distant future?
Because one lesson we should have learnt is that no one knows Jack tulip about how the new globalised economy works.

The US has vast natural resources and a lowish population density though. We've used all ours up and all we make is babies.

[sasguru]

Scroll down (a long way)


https://www.cia.gov/library/publicat.../2187rank.html

We are so used to the US being so much in hock that we have got used to it. And most people think that's sustainable.
But what if it isn't and we find out in a dramatic way in the not too distant future?
Because one lesson we should have learnt is that no one knows Jack tulip about how the new globalised economy works.

[mace]

"more than a decade" eh? Wonder why that is?

Scroll down (a long way)


https://www.cia.gov/library/publicat.../2187rank.html

[sasguru]

The outside world is realising that Uk plc is a busted flush.
For too long the country has (literally) traded on its past reputation.
There is a long overdue catch-up coming soon and then we are all going to have to reassess the whole house of cards.