If all the nations in the world are in debt, where did all the money go?
08 July 2005, 12:58 PM
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where did all the money come from in the first place... if we all started with nothing how'd it get here 
and dont say the printing machines
and dont say the printing machines
08 July 2005, 01:07 PM
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Originally Posted by jasey
Debt has nothing to do with money.
No Idea if this is true - but it could be
No Idea if this is true - but it could be
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08 July 2005, 01:41 PM
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A lot of governments are in debt to their own people.
When they want to spend on big stuff, but haven't enough in the piggy bank, they can offer 'bonds' with a guaranteed return of, say, 5%. The general public can then buy these as they are a relatively safe investment - you are basically assuming that a government won't go bankrupt, so they'll be able to pay back the loan.
Doing this they can borrow billions from the general population, but end up with nasty interest bills.
When they want to spend on big stuff, but haven't enough in the piggy bank, they can offer 'bonds' with a guaranteed return of, say, 5%. The general public can then buy these as they are a relatively safe investment - you are basically assuming that a government won't go bankrupt, so they'll be able to pay back the loan.
Doing this they can borrow billions from the general population, but end up with nasty interest bills.
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