US Gov. Debt Exceeds All Eurozone combined!

Discussion in 'Politics' started by Robert_Stephens, Apr 10, 2012.

  1. Robert_Stephens
    Offline

    Robert_Stephens BANNED

    Joined:
    Feb 9, 2011
    Messages:
    1,045
    Thanks Received:
    92
    Trophy Points:
    0
    Location:
    Las Cruces, NM
    Ratings:
    +92
  2. starcraftzzz
    Offline

    starcraftzzz Senior Member

    Joined:
    Feb 14, 2012
    Messages:
    2,263
    Thanks Received:
    120
    Trophy Points:
    48
    Ratings:
    +120
    And notice that the United states is not implementing massive austerity measures while Europe is and as a result much of Europe has entered a double digit recession. ANd Unemployment in Europe has increased above 10% while in America its fallen to 8%
     
  3. Robert_Stephens
    Offline

    Robert_Stephens BANNED

    Joined:
    Feb 9, 2011
    Messages:
    1,045
    Thanks Received:
    92
    Trophy Points:
    0
    Location:
    Las Cruces, NM
    Ratings:
    +92
    True. And why?---> we keep BORROWING AGAINST MONEY WE DO NOT HAVE--CALLED DEBT!

    Robert
     
  4. LordBrownTrout
    Offline

    LordBrownTrout Gold Member

    Joined:
    Nov 25, 2007
    Messages:
    15,493
    Thanks Received:
    2,962
    Trophy Points:
    280
    Location:
    South Texas
    Ratings:
    +6,354
    What's the magic number when the creditors pull the plug on us?
     
  5. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,064
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,923
    We are in way worse shape than socialist Europe!

    List of World’s Largest Creditor and Debtor Nations

    Since 2006 The International Monetary Fund’s Balance of Payment statistics have been uploaded into a neat online database accessible through its website. Among country balance of payments figures, the database also features the “Net International Investment Position” of a country, which is defined as the difference between foreign assets that domestic residents own and domestic assets held by foreign entities. Here are the most recent (2010) rankings. Note that the 2011 rankings are still in the process of being calculated.

    2010 Country NIIP (Net International Investment Position) statistics by the IMF. NIIP is defined by a country’s total domestically owned assets minus its foreign owned assets. All figures have been adjusted to nominal US dollars.

    [​IMG]

    It is no surprise that the most indebted country, the United States, takes the bottom of the list. Its NIIP means the value of its domestically owned assets is less than its liabilities to foreign investors. We see Spain, Greece, Italy, and Portugal on the list of negative NIIPers as well. Japan, China, and Germany are effectively the countries with the largest NIIP. Countries with a positive NIIP are considered to be creditor nations, while those with a negative NIIP are debtor nations. For everyday investors, the NIIP of a country promises to be a leading indicator of a country’s overall fiscal responsibility. Diversifying holdings in both creditor and debtor nations could help spread a portfolio’s risk over time.

    Note that Germany and Switzerland have been acting as the main Eurozone creditors by maintaining a large and positive NIIP. Investors should keep the NIIP figures in mind when measuring the creditworthiness of a country and its businesses. Ultimately, the terms of trade will be determined by those nations that are willing to lend out their capital. Debtor nations will be the ones stuck with the credit card bill.
     
  6. Mr. H.
    Offline

    Mr. H. Diamond Member

    Joined:
    Aug 19, 2009
    Messages:
    44,117
    Thanks Received:
    9,265
    Trophy Points:
    2,030
    Location:
    A warm place with no memory.
    Ratings:
    +15,395
    Lousy Japanese NIIPers.
     

Share This Page