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alexeft (OP)
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March 10, 2014, 11:23:29 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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March 10, 2014, 11:51:46 PM
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http://www.introversion.co.uk/
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March 10, 2014, 11:56:24 PM
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Ooooooooooooooooooooohhhh!!! The forbidden word!! Thermodynamics!!!  Cheesy
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March 11, 2014, 12:24:38 AM
 #4
Quote from: alexeft on March 10, 2014, 11:56:24 PM
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 ...
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March 11, 2014, 03:42:36 AM
 #5
Quote from: 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!!!  Cheesy Cheesy Cheesy Cheesy

Discuss!!!  Grin

That will take a huge amount of Thermodynamics to pay off.   Cheesy
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March 11, 2014, 06:02:03 AM
 #6
So the world just needs to file chapter 7 and call it a day.
.
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March 11, 2014, 08:34:36 AM
 #7
Quote from: pungopete468 on March 11, 2014, 06:02:03 AM
So the world just needs to file chapter 7 and call it a day.

I guess!!!  Cheesy
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March 11, 2014, 12:29:23 PM
 #8
Quote from: 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%

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
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March 11, 2014, 03:07:15 PM
 #9
Remeber food is wealth.. when things get bad.. it will get bad fast.
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March 11, 2014, 10:31:46 PM
 #10
Quote from: 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!!!  Cheesy Cheesy Cheesy Cheesy

Discuss!!!  Grin

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