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Go Back   Armchair General and HistoryNet >> The Best Forums in History > Happening Now > Politics Central

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Politics Central An archive of discussions of a political nature that took place here.

 
 
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  #1  
Old 28 Dec 13, 18:32
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Question Where's the money gone?

Some countries have astonishingly high levels of debt. This includes the US, China and most of Europe.

Who owns the credit side of the balance sheet?
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  #2  
Old 28 Dec 13, 19:00
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Nations and banks who own the bonds. We pay the Chinese millions, maybe billions of interest only payments. It is our $ that is building their cities and new navy.

Of course other nations own our debt too.
  #3  
Old 28 Dec 13, 19:42
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Pension funds, banks, governments, individuals etc. Banks are required to have a minimum amount of risk free assets.

http://www.schroders.com/staticfiles...-buy-gilts.pdf
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  #4  
Old 28 Dec 13, 19:44
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And if we default those risk free assets will become risky.
  #5  
Old 28 Dec 13, 20:27
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Originally Posted by majormack View Post
And if we default those risk free assets will become risky.
We aren't going to default unless something weird happens, like Rand Paul getting elected or you growing a pair of double D's.
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  #6  
Old 28 Dec 13, 20:47
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Simple visual of All US Debt:

http://www.ritholtz.com/blog/2013/10...treasury-debt/
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  #7  
Old 28 Dec 13, 22:10
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Good.website...
  #8  
Old 28 Dec 13, 22:32
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Quote:
Originally Posted by Nick the Noodle View Post
Some countries have astonishingly high levels of debt. This includes the US, China and most of Europe.

Who owns the credit side of the balance sheet?
"Where did the money go?" and "Who owns the credit side of the balance sheet?" are two different questions.

Governments spent the money from bond sales on providing government services.

The purchasers of the bonds own the credit side of the balance sheet.

A large percentage of of US public debt is held by our Social Security trust funds.
  #9  
Old 28 Dec 13, 23:19
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In the US government's case they could redeem most of their debt through land sales. The US government could easily sell say 100 million acres of land held in the Western US to private individuals for cash and raise probably close to a trillion dollars doing it along with making billions off the reserved mineral rights (say 25% of net income).
East of the Mississippi the US government holds essentially nothing in land compared to private holdings. Doing the same in the West would result in an incredible economic boom with fallow and unused land actually becoming productive.
  #10  
Old 29 Dec 13, 11:55
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Quote:
Originally Posted by Nick the Noodle View Post
Some countries have astonishingly high levels of debt. This includes the US, China and most of Europe.

Who owns the credit side of the balance sheet?
I really hate to do a Doc, but here you go:


Just go to Google or Bing and type in
"who owns Us debt?"
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  #11  
Old 29 Dec 13, 11:57
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Quote:
Originally Posted by BitterPill View Post
We aren't going to default unless something weird happens, like Rand Paul getting elected or you growing a pair of double D's.
We are already in default on a number of loans and obligations. In order to just keep America staggering along Obama has put the national debt through the roof by borrowing more and more heavily without paying off anything except some interest.

So long as the principal remains intact and growing, the debt will continue to escalate even without any further borrowing.
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  #12  
Old 29 Dec 13, 12:16
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I know it was anserwerd. But banks, investment instustion hell privat people.

Most industrilieced countries debt is owed domsticaly. I know just about all of SA debt is domist.
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  #13  
Old 29 Dec 13, 16:29
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I thought this was the best part of that page:

Quote:
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
It sums up PC so well.
 

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