Zach1102
|
  |
| Joined: 20 Aug 2010 |
| Total Posts: 48576 |
|
|
| 27 Jan 2016 08:24 PM |
tfw china is $30 trillion in debt
worldwide all the nations of the world are $200 trillion
|
|
|
| Report Abuse |
|
|
Lasoor
|
  |
| Joined: 17 Jan 2016 |
| Total Posts: 5596 |
|
|
| 27 Jan 2016 08:25 PM |
People throw trillion around like it means anything. lol
Like that's literally pretend money at this point. No country truly has anywhere near that money despite figures saying otherwise. It's backed by nothing but their word.
|
|
|
| Report Abuse |
|
|
Zach1102
|
  |
| Joined: 20 Aug 2010 |
| Total Posts: 48576 |
|
|
| 27 Jan 2016 08:26 PM |
| We are so in debt because there's not enough money in the world. The cost of services and goods have exceeded any kind of monetary value, so all we can do to repair the gap is barter (exchange land, items, labor) and treat that as payment. |
|
|
| Report Abuse |
|
|
Lasoor
|
  |
| Joined: 17 Jan 2016 |
| Total Posts: 5596 |
|
|
| 27 Jan 2016 08:29 PM |
That's very misinformed.
Money at this point is just a way to fuel the economy. People as a whole have stopped trying to make sense of our dollar system back when they stopped backing each dollar with gold.
Meaning we all know money is just an empty promise or debt note, but in reality no one cares because we also all know that we can use money universally to get what we want and simply have to get a job to earn it. So things just work.
|
|
|
| Report Abuse |
|
|
SUGERDEW
|
  |
| Joined: 20 Oct 2011 |
| Total Posts: 8689 |
|
|
| 27 Jan 2016 08:31 PM |
@lasoor
stfu u stupid dumbo
|
|
|
| Report Abuse |
|
|
Lasoor
|
  |
| Joined: 17 Jan 2016 |
| Total Posts: 5596 |
|
|
| 27 Jan 2016 08:31 PM |
When people would rather burn money than firewood due to firewood being too expensive there is an issue. And that's when things like communism take over.
|
|
|
| Report Abuse |
|
|