SamuelRSmith said:
If you're still referring to the table you posted, that is not the country losing money, as it will return to 0. That's basic fact. If you're referring to the Government debt, yes, that is a nasty business. And, yes, depending on how much of that debt is held by foreign investors, there will be a transfer of wealth... but it's by no measure enough to make the country "poor", it's still the richest country in the4 world. |
hum ...well, all is linked to the return to "0" that clealry is just a prediction at that moment (even if you seem to think it is a fair one).
but, I m more interested by what you said after : according to me, the debt is direclty linked to the account balance I posted because a negative account balance means a need of cash, which means a bigger debt IMO.
After, about the "poor" word, well, It was meant to be provocative (my first thread didnt have this world I think).
But I thought it was still relevant because if me I have a negative account then ... I m poor.
Why not applicate it to the countery as a whole ?
Time to Work !