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Excuse me, how the fuck can a country owe more than it owns?

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Thread replies: 8
Thread images: 3

File: 123456.png (45KB, 539x694px) Image search: [Google]
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Excuse me, how the fuck can a country owe more than it owns?
>>
>>78336121
You must be new here
>>
File: debts.jpg (92KB, 490x545px) Image search: [Google]
debts.jpg
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>>78336121
fake map. check this.
>>
>>78336121
Public debt is essentially a form of borrowing on the part of the government to meet current spending. The theory is that it's an investment in the future.
The figures can also be misleading for many reasons, i.e. the actual duration of the debt.
>>
>>78336180
I'm really surprised that there are countries ahead of the US.
>>
File: 20130427091431.jpg (154KB, 454x441px) Image search: [Google]
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>>78336121
Japan's debt is held by Bank of Japan, which is owned by the government of Japan.
Anyway you don't seem to know what GDP means.
>>
>>78336180
This is household debt. Like loans and credit cards
>>
>>78336269
that's the one that counts
Thread posts: 8
Thread images: 3


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