Notice the amount of debt per person of Canada vs USA.....TICK TICK TICK
http://www.economist.com/content/global_debt_clock
http://www.economist.com/content/global_debt_clock
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The global Debt Clock
- Thread starter BLUE_KAWI
- Start date
If you own Canada Savings Bonds or other government-issued bonds or savings or "investments" ... you are, and you volunteered to be in that situation, too. (I don't own any)
If you expect to collect Old Age Security, unemployment insurance, or any other such policy ... you are.
If you have money sitting in a bank account, and the bank that you have it sitting in used it to buy government bonds in order to finance the paltry interest that they pay you on the account (if any) or, more likely, to earn profits with it ... you are.
If you expect to collect Old Age Security, unemployment insurance, or any other such policy ... you are.
If you have money sitting in a bank account, and the bank that you have it sitting in used it to buy government bonds in order to finance the paltry interest that they pay you on the account (if any) or, more likely, to earn profits with it ... you are.
streeetfighter
Active member
I'm not an economist but if all the countries are in debts how can it be paid off? Looks like we borrowed from transformers lol
I'm wondering who they owe the money too.
US owes China 1 trillion+. China's debt is near a trillion. China borrowed money to lend it to US?
From what I understand, bank are allowed to "invent" money, printing money is also one reason for inflation, more money you print, more inflation you get (ok, it's WAYYYYYYYY more complicated than that, I fix aircraft, I'm not an economist 
)
I also read that there's not enough gold in the world to back the US debt, unless the US currency goes extremely low which mean for them an hyperinflation.
)I also read that there's not enough gold in the world to back the US debt, unless the US currency goes extremely low which mean for them an hyperinflation.
From what I understand, bank are allowed to "invent" money, printing money is also one reason for inflation, more money you print, more inflation you get (ok, it's WAYYYYYYYY more complicated than that, I fix aircraft, I'm not an economist
I also read that there's not enough gold in the world to back the US debt, unless the US currency goes extremely low which mean for them an hyperinflation.
You have been reading the same crap the OP has, stop.
Banks dont invent currency.
What does gold have to do with current U.S and Canadian fiat currency?
The problem with info like this is a large majority of the general population doesnt know what it means.
The OP, doesnt even know what it means. Someone told him it was bad.
Exactly...
Some dude said the 10 commandments are good. Some dude has killing is bad... all of our societies are based on what some dude said.
In the U.S's case its a lot of different places. Most people believe its all from china but according to a link i read a while back its not. Will see if i can track down the info.
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Your confusing moral right and wrong with science/ mathamatical based fact.
China!
Less than 2 trillion is from china.
LOL...the governments/banks don't want you to know how currency is made. There are loads of Youtube vids on how currency is created. I know how currency is made and it the main reason why I am into gold/silver. The entire system FIAT system is a ponzi scheme and is why the markets are acting so crazy. The FIAT system is going to zero.
Peter Schiff on the Keiser Report.
Listen to the entire vid: http://rt.com/programs/keiser-report/finance-obama-debt-money/
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No, you think you know how money is created. So my formal education in economics is ******** and your YouTube videos tell all. I love to laugh at people like you, the ones in the know. The ones who believe gold and silver will launch them to greatness once the fiat bubble crashes. How do people like you expect to make something of yourselves in a total economic collapse when you couldn't in an economic boom. What do you think our economic situation would be like if Canada had not significantly increased spending since 2008?
If everthing collapes why would gold be worth anything it is just a shiny metal no real intrinsic value. You cant eat gold or make it into food.
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