Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
I don't understand in the same way I don't understand what your back garden looks like, because understand is the incorrect word.
Anyway, take a look at this graphic and slide the bar to 2010, it's all red (deficit) apart from Saudi Arabia - Canada and Russia included. My original question related to where the money comes from, as it seems as if everyone is lending off each other regardless of whether they have a surplus or not.
This picture shows anual surplus or deficit. From this you can not see accumulated ned debt or "savings" of the country.
China and Middle east has the biggest savings - so even if China run a annual deficit for a year or two they still have savings they can lend to others.
China and Middle East funds everyone else these days.
You really don't understand economics do you?
The UK and US in particular can't fund anything with their huge debts.
Its the saver and oil countries, China and the Middle East etc that are funding our unsustainable standard of living.
HTH
I don't understand in the same way I don't understand what your back garden looks like, because understand is the incorrect word.
Anyway, take a look at this graphic and slide the bar to 2010, it's all red (deficit) apart from Saudi Arabia - Canada and Russia included. My original question related to where the money comes from, as it seems as if everyone is lending off each other regardless of whether they have a surplus or not.
Who funds the world bank? Please don't tell me it's the UK, US, ...
You really don't understand economics do you?
The UK and US in particular can't fund anything with their huge debts.
Its the saver and oil countries, China and the Middle East etc that are funding our unsustainable standard of living.
Leave a comment: