Comments on: GDP vs National Debt by Country http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/ Thu, 27 May 2010 10:10:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: John http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6389 John Tue, 25 May 2010 08:56:19 +0000 http://www.visualeconomics.com/?p=49#comment-6389 ALL COUNTRIES HAVE DEBT! Check this out dumb ass. If they didn't have debt than why would all nations assets be measured in percentage of GDP? <a href="https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html" rel="nofollow">https://www.cia.gov/library/publications/the-wo...</a> <br><br>For the dragon gave them power! Whoever owns the currency owns the country. There are two Beasts. One of the earth (Oil) and one of the Sea (Central Banks). The Beast of the Earth gives honor to the Beast of the Sea. Read Revelations! This has been happening since the begining and will end soon.. Both are really starting to show their ugly face! ALL COUNTRIES HAVE DEBT! Check this out dumb ass. If they didn't have debt than why would all nations assets be measured in percentage of GDP? https://www.cia.gov/library/publications/the-wo…

For the dragon gave them power! Whoever owns the currency owns the country. There are two Beasts. One of the earth (Oil) and one of the Sea (Central Banks). The Beast of the Earth gives honor to the Beast of the Sea. Read Revelations! This has been happening since the begining and will end soon.. Both are really starting to show their ugly face!

]]> By: John http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6379 John Tue, 25 May 2010 08:47:22 +0000 http://www.visualeconomics.com/?p=49#comment-6379 He who has eyes let him see! If all governments and nations are in debt, then who are we in debt to? Who is this massive amount of interest going to? If it was going to other nations then those nations would be rich. There is no checks and balances! <br><br>There is only one answer and that is the Beast of the Earth (Oil) and Beast of the Sea (Central Banks). They own the nations and fund both sides of war. They have done this from the beginning and are most responsible for funding World War I and World War II. They always have some puppet that stands out such as, Hitler, who is crazy and leads the world into hell and debt. This is to mask their evil and their deception. This world needs to wake up! How can all nations be in debt? Check out this CIA website. It shows the debt to GDP ratio of the nations. Notice how there isn't one that doesn't have debt! <br><br><a href="https://www.cia.gov/library/publications/the-world-factbook/rankorder/2186rank.html" rel="nofollow">https://www.cia.gov/library/publications/the-wo...</a> He who has eyes let him see! If all governments and nations are in debt, then who are we in debt to? Who is this massive amount of interest going to? If it was going to other nations then those nations would be rich. There is no checks and balances!

There is only one answer and that is the Beast of the Earth (Oil) and Beast of the Sea (Central Banks). They own the nations and fund both sides of war. They have done this from the beginning and are most responsible for funding World War I and World War II. They always have some puppet that stands out such as, Hitler, who is crazy and leads the world into hell and debt. This is to mask their evil and their deception. This world needs to wake up! How can all nations be in debt? Check out this CIA website. It shows the debt to GDP ratio of the nations. Notice how there isn't one that doesn't have debt!

https://www.cia.gov/library/publications/the-wo…

]]> By: Sam Jackson http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6380 Sam Jackson Tue, 25 May 2010 04:55:47 +0000 http://www.visualeconomics.com/?p=49#comment-6380 The map says that UK National Debt is $1.05 trillion and the text says $42.2 trillion presumably the map is correct or are we in deeper trouble than Greece and Italy? The map says that UK National Debt is $1.05 trillion and the text says $42.2 trillion presumably the map is correct or are we in deeper trouble than Greece and Italy?

]]> By: realcom http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6394 realcom Mon, 24 May 2010 19:49:18 +0000 http://www.visualeconomics.com/?p=49#comment-6394 I assume that the 8.7 billion is a typo should be trillion-- about 61% of GDP and Canada about 63% of GDP pretty close comparason -- way to understand what you read. I assume that the 8.7 billion is a typo should be trillion– about 61% of GDP and Canada about 63% of GDP pretty close comparason — way to understand what you read.

]]> By: chicago booth http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6381 chicago booth Sat, 22 May 2010 11:04:56 +0000 http://www.visualeconomics.com/?p=49#comment-6381 they need to show NET debt... not just GROSS. the Japan numbers are exaggerated because of this. they need to show NET debt… not just GROSS. the Japan numbers are exaggerated because of this.

]]> By: paul http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6382 paul Thu, 20 May 2010 22:54:43 +0000 http://www.visualeconomics.com/?p=49#comment-6382 Anyone notice how the debt to gdp does not necessarily indicate the standard of living? Look at some african countries with low ratios. Who is lining up to live there? Anyone notice how the debt to gdp does not necessarily indicate the standard of living? Look at some african countries with low ratios. Who is lining up to live there?

]]> By: paul http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6395 paul Thu, 20 May 2010 22:46:28 +0000 http://www.visualeconomics.com/?p=49#comment-6395 No. Billion is correct. US economy is much larger than Canada so it takes less dollars in debt to represent a close percentage to US levels. No. Billion is correct. US economy is much larger than Canada so it takes less dollars in debt to represent a close percentage to US levels.

]]> By: dateplease http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6383 dateplease Tue, 18 May 2010 07:03:05 +0000 http://www.visualeconomics.com/?p=49#comment-6383 what is the date of this data? 2009? 1990? what is the date of this data? 2009? 1990?

]]> By: Danny Richard http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6388 Danny Richard Fri, 14 May 2010 05:49:03 +0000 http://www.visualeconomics.com/?p=49#comment-6388 I think to be an accurate reflection these numbers need to be "net debt" - ie total debt minus receivables. I had assumed that's what they were. Although that's a good point - what is each country's balance sheet like - ie what is their "net worth" when you take away all their debt from all of government assets - UK has £3.3trn of assets (including roads & buildings) - maybe if we sold off the government including all our roads and police stations to, say, Exxon/JP Morgan Chase (or some other large bidder) we could receive perhaps £2.5trn, easily enough to pay off our debts of £0.93trn :) I think to be an accurate reflection these numbers need to be “net debt” – ie total debt minus receivables. I had assumed that's what they were. Although that's a good point – what is each country's balance sheet like – ie what is their “net worth” when you take away all their debt from all of government assets – UK has £3.3trn of assets (including roads & buildings) – maybe if we sold off the government including all our roads and police stations to, say, Exxon/JP Morgan Chase (or some other large bidder) we could receive perhaps £2.5trn, easily enough to pay off our debts of £0.93trn :)

]]> By: Danny Richard http://visualeconomics.creditloan.com/gdp-vs-national-debt-by-country/#comment-6392 Danny Richard Fri, 14 May 2010 05:34:06 +0000 http://www.visualeconomics.com/?p=49#comment-6392 But surely, although I acknowledge they are "unfunded", the social security and medicare being paid today was also unfunded. So, likewise, in the future, your social security and medicare will be funded by the next generation paying medicare. <br>Therefore basically each generation pays for the prior generation - so if the population were to stay the same size, with the same size economy and taxes, then everyone would be evens. I think the real problem in this case is that when the baby boomers retire, there will be less working people to pay more social security, so yes there is some hidden debt, but not so much as what you point out - the real "unfunded" element is the loss of revenue which the US will receive due to a reduction in the size of the workforce vs amount of retirees. This maybe this puts real US debt to GDP around $11.4trn + 10% of social sec etc unfunded, = $11.4trn + ($42trn x 10%provision) = $15.4trn = ~102% debt to GDP 2010 But surely, although I acknowledge they are “unfunded”, the social security and medicare being paid today was also unfunded. So, likewise, in the future, your social security and medicare will be funded by the next generation paying medicare.
Therefore basically each generation pays for the prior generation – so if the population were to stay the same size, with the same size economy and taxes, then everyone would be evens. I think the real problem in this case is that when the baby boomers retire, there will be less working people to pay more social security, so yes there is some hidden debt, but not so much as what you point out – the real “unfunded” element is the loss of revenue which the US will receive due to a reduction in the size of the workforce vs amount of retirees. This maybe this puts real US debt to GDP around $11.4trn + 10% of social sec etc unfunded, = $11.4trn + ($42trn x 10%provision) = $15.4trn = ~102% debt to GDP 2010

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