Debt

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Debt
Tweet Topic Started: Aug 14 2013, 02:04 AM (241 Views)
+ Steve	Aug 14 2013, 02:04 AM Post #1
Greetings. I will be your waifu this season. Posts: 19,471 Group: Legend Member #5,710 Joined: February 7, 2011 Gender Male Country United Kingdom Favourite Anime Hunter x Hunter(2011) What Browser do you use? Mozilla Firefox Favourite Manga Berserk all day erry day	Now I don't know much about the debts almost every country owe but... What is the point? I mean really. http://www.usdebtclock.org/ US is nearly at 17 trillion dollars of debt. That's never going to get paid off it goes up constantly. Hugely in debt to China as is the UK, why doesn't China just seize our land or something? They seem to have every right too. The only thing holding that back is the threat of war most likely which is kind of childish, just give them what they're owed. They're not getting the money they're owed any time soon and comparably are barely even in debt and their economy is growing well so will be able to pay it off relatively soon. According to Wikipedia there are only 5 countries in the whole world currently not in debt. Resources are limited, it can't go on forever, but how can all the debt countries owe each other ever be paid off? Doesn't even seem possible could only realistically happen if every country suddenly discovered something unique to their country every other country wanted and had the appropriate amounts to pay off more than their debt, but that itself is not realistic.
	Definitely not a succubus, fear not


+ Pelador	Aug 14 2013, 02:13 AM Post #2
Crazy Awesome Legend Posts: 25,663 Group: Legend Member #4,634 Joined: December 12, 2009 Gender Not Specified Country None Favourite Anime HunterxHunter What Browser do you use? Firefox Favourite Manga Dragonball	I don't know much about how international debt works but what I do understand is that it works nothing like a typical debt. I'm sorry if I've got this completely wrong but for one thing, it's not so much a debt as it is a contract? I doubt that our country's are sending suitcases full of money to China. The debt is covered in various other ways. Oil, diamonds, weapons ect. Plus if I understand correctly, the other party pays a debt too. It goes both ways. So nobody is going to come and seize land or start a war over these debts. if you can even really call them debts since they are so much more complicated than even a mortgage.
	http://www.youtube.com/user/jonjits


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