FundRobot » Pension Funds » Where is all the money if most nations are in debt . Who do they owe it too and why cant we just cancell it.?

Reply
Old   #1 (permalink)
 
Posts: 2,526
Default all the money if most nations are in debt . who do they owe it too and just cancell it.

We are all paying back debt to each other it seems . It looks like there is more debt than money . If the US owes 17 trillion who is it paid back to and how was it lent in the first place ?

TopGear.12 is offline   Reply With Quote
Old   #2 (permalink)
 
Posts: 2,600
Default all the money if most nations are in debt . who do they owe it too and just cancell it.

China holds the biggest chunk of the US' Debt. Basically how I think this works is... A country gives us money so we can keep our government up and running and/or they give us supplies such as coal in return for a money payment in the future.
Cash754 is offline   Reply With Quote
more..
Reply

Bookmarks

Thread Tools