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Economy => Economics => Topic started by: alexeft on March 10, 2014, 11:23:29 PM



Title: World DEBT/GDP
Post by: alexeft on March 10, 2014, 11:23:29 PM
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!!!  :D :D :D :D

Discuss!!!  ;D


Title: Re: World DEBT/GDP
Post by: knightcoin on March 10, 2014, 11:51:46 PM
http://funnyanimalpictures.funnypicturesutopia.com/pics/24/Funny-Troll-Face-Meme-Comics-Problem-With-Thermodynamics-Funny-Image.jpg


Title: Re: World DEBT/GDP
Post by: alexeft on March 10, 2014, 11:56:24 PM
Ooooooooooooooooooooohhhh!!! The forbidden word!! Thermodynamics!!!  :D


Title: Re: World DEBT/GDP
Post by: knightcoin on March 11, 2014, 12:24:38 AM
Ooooooooooooooooooooohhhh!!! The forbidden word!! Thermodynamics!!!  :D

loop quantum gravity  :P

... 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 ...


Title: Re: World DEBT/GDP
Post by: Bit_Happy on March 11, 2014, 03:42:36 AM
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!!!  :D :D :D :D

Discuss!!!  ;D

That will take a huge amount of Thermodynamics to pay off.   :D


Title: Re: World DEBT/GDP
Post by: pungopete468 on March 11, 2014, 06:02:03 AM
So the world just needs to file chapter 7 and call it a day.


Title: Re: World DEBT/GDP
Post by: alexeft on March 11, 2014, 08:34:36 AM
So the world just needs to file chapter 7 and call it a day.

I guess!!!  :D


Title: Re: World DEBT/GDP
Post by: AnonyMint on March 11, 2014, 12:29:23 PM
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://bitcointalk.org/index.php?topic=365141.msg4337574#msg4337574

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


Title: Re: World DEBT/GDP
Post by: spazzdla on March 11, 2014, 03:07:15 PM
Remeber food is wealth.. when things get bad.. it will get bad fast.


Title: Re: World DEBT/GDP
Post by: keithers on March 11, 2014, 10:31:46 PM
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!!!  :D :D :D :D

Discuss!!!  ;D

The interest rates are not good on Mars right now...