Author

Topic: World DEBT/GDP (Read 965 times)

legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
March 11, 2014, 06:31:46 PM
#10
Soooooooooo, I read today that the world's debt amount to $100 trillion.
Wikipedia says that in 2012, the GDP was ~72 trillion. Let's suppose that it's $80 trillion now.

Debt to GDP = 125%

Next step, take loans from Mars!!!  Cheesy Cheesy Cheesy Cheesy

Discuss!!!  Grin

The interest rates are not good on Mars right now...
legendary
Activity: 1722
Merit: 1000
March 11, 2014, 11:07:15 AM
#9
Remeber food is wealth.. when things get bad.. it will get bad fast.
hero member
Activity: 518
Merit: 521
March 11, 2014, 08:29:23 AM
#8
Soooooooooo, I read today that the world's debt amount to $100 trillion.
Wikipedia says that in 2012, the GDP was ~72 trillion. Let's suppose that it's $80 trillion now.

Debt to GDP = 125%

Incorrect. Total debt is $157 trillion in developed countries plus $66 trillion in emerging markets, because is 313% of GDP and the GDP is $72 trillion:

http://www.gfmag.com/tools/global-database/economic-data/11855-total-debt-to-gdp.html#axzz2iu5C4Y4Z

http://blogs.wsj.com/economics/2013/05/11/number-of-the-week-total-world-debt-load-at-313-of-gdp/

Chinese corporate debt is the highest in the world as a percentage of GDP:

https://bitcointalksearch.org/topic/m.4337574

Don't forget to add on $1000 trillion of sovereign bond derivatives, and $1000 trillion of unfunded social liabilities.

http://www.indexq.org/economy/gdp.php
legendary
Activity: 854
Merit: 1000
March 11, 2014, 04:34:36 AM
#7
So the world just needs to file chapter 7 and call it a day.

I guess!!!  Cheesy
hero member
Activity: 1470
Merit: 504
March 11, 2014, 02:02:03 AM
#6
So the world just needs to file chapter 7 and call it a day.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
March 10, 2014, 11:42:36 PM
#5
Soooooooooo, I read today that the world's debt amount to $100 trillion.
Wikipedia says that in 2012, the GDP was ~72 trillion. Let's suppose that it's $80 trillion now.

Debt to GDP = 125%

Next step, take loans from Mars!!!  Cheesy Cheesy Cheesy Cheesy

Discuss!!!  Grin

That will take a huge amount of Thermodynamics to pay off.   Cheesy
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
March 10, 2014, 08:24:38 PM
#4
Ooooooooooooooooooooohhhh!!! The forbidden word!! Thermodynamics!!!  Cheesy

loop quantum gravity  Tongue

... now serious for me it's kind of basic algebra, no free-lunch, zero-sum game stuff, T Accounts.... I think lawyers will claim for debt relief to adjust the equation though ...
legendary
Activity: 854
Merit: 1000
March 10, 2014, 07:56:24 PM
#3
Ooooooooooooooooooooohhhh!!! The forbidden word!! Thermodynamics!!!  Cheesy
full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
March 10, 2014, 07:51:46 PM
#2
legendary
Activity: 854
Merit: 1000
March 10, 2014, 07:23:29 PM
#1
Soooooooooo, I read today that the world's debt amount to $100 trillion.
Wikipedia says that in 2012, the GDP was ~72 trillion. Let's suppose that it's $80 trillion now.

Debt to GDP = 125%

Next step, take loans from Mars!!!  Cheesy Cheesy Cheesy Cheesy

Discuss!!!  Grin
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