/biz/ - Business & Finance

uhhh if everyones in debt who is loaning everyone money?

They have so little debt because no one wants to loan them money.

>>16692976
Fucking Greenland!!!
Somebody, give that island some dept!!!!!!!

>socialist and african shitholes plus are the one with less debt
the fuck?

>>16692994
Everyone.

Looks like the next World War is Russia vs. Saudi Arabia.

>>16692976
Because they deliberately try to avoid debt, doing things like hoarding gold so they can resist sanctions. Plus they get a lot of foreign money from their oil and gas. No, because they depend on other countries buying their oil and gas. If that goes, they will be like Venezuela.

>>16692994
Everyone is loaning money to eachother.

russia defaulted several times in modern history

>>16693053
>If that goes, they will be like Venezuela
But look at the chart, they also have little to no debt, what's up with that?

>>16693028
they don't have welfare states to pay for

>>16693053
and how many tank divisions does venezuela have?

>>16692976
Because of their untrustworthiness (bad reputation of not repaying their creditors in the past). Plus they run on oil and gas money, so they don't need to indebt themselves. At least for now.
>>16692994
Everyone. Lots of the national debts are owned by the respective citizens.

>>16692976

its a policy they can't exceed 15%

and since they defaulted in '98, people are weary of lending ever since

but they have big account surplus from oil&gas anyway and don't need outside finaincing

>>16692976
>Why does Russia have so little debt?
Didn't they kick out all their Jews like right after World War II?

>>16693253
They gave them a their own Israel called the Jewish Autonomous Oblast.

>>16692994
Greenland, obviously

>>16692976
Nobody trusts to give them money. As a result, they already live worse off now than the developed world will live during the recession.

>>16692976
>>16692976
>Does this mean they will come out on top when there's a global economic collapse?
Unironically Australia will.
>budget surlpus
>wealth of natural resources
>strategtically next to big asian trading partners like china, japan

>>16693336
Wow, their flag is literally the lgbt flag.

>>16693336
>>16693419
its now literally less than 1 percent jewish lol

>>16693453
judaism is not just a religion though, there are many "converted christians"/atheists that have yids in their bloodline.

>>16693419
>>16693419
Jews are a bunch of fags. You didnt know?

>>16693392
cope, europe would freeze without russian gas

so no, they won't stop buying their energy

when russia closed the stock market to save thier own people for a week in september 2008 while the jews raped and pillaged the USA, I knew putin cared about his countrymen

>>16693564
Textbook ruski troll factory post

Imagine being this delusional unironically

>>16693463
i understand that, but technically its still less than 1 percent "ethnically jewish" not to mention practicing.

>>16692976
public debt = the amount of money that was printed in circulation

russia having low debt just means they're poorer, public debt is not an issue in times of crisis, private debt is. google mmt

American bonds are being treated as a safehaven for wealth, so America has the luxury of leveraging further than most other countries because they have the liquidity to back it up.

>>16692976

In the end, poorest general population on earth (except Afrians and Noth Koreans)... Russians. All the vodka in the world will not correct that fact.

>>16693726
ok boomer

>>16693414
Australia's budget surplus just means the government is taking more money out of the economy than they put in. It was only possible to achieve it because the iron ore price rose after the Brazilian dam collapse, and it's unlikely to last long.

And as Japan knows, surpluses are not needed to fund any future stimulus.

>>16693414
Keep in mind that while our government doesn’t have a huge amount of debt, Australians have the highest amount of household debt in the world. The average australian is leveraged up to the eyeball

>>16692994
Cool it with the anti semitism anon

>>16693564
>putin cared about his countrymen

>>16692994
Most debt is owed to the people through government bonds. Learn about the fed lil nigga.

Why does Russia have so little debt?

>Ivan was always drunk and had no money

>>16694055
palestinians have been robbed for years by jews. they are semites. you fucking jews have deat h to pay and pay in full

>>16694321
What I don't understand is, what kind of idiots are buying govt bonds? You are losing against inflation.

>>16693863
>false dichotomy

debt was much higher during the 40s during ww2, just that it was spent making shit depressing the debt:gdp ratio. As such, without context a low debt:gdp ratio is useless without context

>>16694585
exactly and therefore the govt to sell them is wise since there's a negative real return in the long run.

that being said it's the same rationale for keeping your money in a savings account and a negative real rate: security and safety.

>>16694055
ok, i LOL'd

>>16693253
They are packed with kikes in big oil corps and banks

>>16693564
If Putin cared enough he wouldn't let people with frozen income levels (especially old people ) get fucked by 20% annual food inflation for 3 years just to benefit the oil and gas companies remain super profitable

>>16692994
That's pretty anti-semitic question to ask

>>16693028
the west educated, clothed, fed, and raised africa from mud huts to luxury apartments in sweden

>>16694763
i dont know about that part so i cant comment. i so know the jews were on cnbc robbing usa blind and he protected his people. i will never forget that and i will never forgive the banking jews for what the did. putin will always be in my mind for sept 2008, and killing all the wall street jews only seems right and good

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>>16692976
>Why does Russia have so little debt?
Because they prioritized that over other objectives which might have been better.

>Does this mean they will come out on top when there's a global economic collapse?
No, any "global economic collapse" means all those obligations are wiped out and debtors are just richer in real terms.

>>16694321
false, debt is money printed from the central banks

>>16694818

Give them a European number. They do invest in US stocks... maybe your firm offers better conditions than Eu banks?

>>16692976
>>16693028
Less debt is bad actually. Let's look at Japan's debt, it's the country with the highest debt and a lot of it are indebted to the USD. If USD's value goes down then Japan's debt will also go down and Yen's purchasing power goes up which means better opportunity to repay Japan's debt to the US. The Japanese did it well and calculated it precisely, which means that the Japanese debt is nothing but overvalued.

>>16693726
You got it right but I should remind you that we're in /biz/ and everyone here is illiterate when it comes to saving and investing.

>>16693790
So are you saying that non-debt 1st world countries like South Korea, Singapore, Saudi Arabia, and Australia are poor??

>>16694763
I don't like Putin too but he did the right decision, sometimes a smaller sacrifice is needed to prevent something catastrophic. That's just how shitty this world is and you should be lucky that you're sitting in front of a computer and not outside on the fucking cold trench with an M4A1 right now.

>>16692976

Debts are irrelevant in a global economic collapse. Lenders need the ability to enforce the structure of agreements. This usually means power such as military or some other means. Basically if you have enough power, you force others to pay, and prevent others from collecting. You get to dictate the rules. If you don't have power, you're forced to pay and prevented from collecting. You must follow the rules.

Bonus: If you have power, you can force others to loan you more money with no intention of ever paying it back.

If there is a global economic collapse, lenders will be fucked and scrambling to collect, borrowers will be fucked but potentially have the opportunity to be off the hook for debts and liabilities, but more importantly those without the means to defend themselves will be liberated aka fucked and stripped of any meaningful resources.

TL;DR debt doesn't mean shit- not your keys not your money.

>>16695241

> So are you saying that non-debt 1st world countries like South Korea, Singapore, Saudi Arabia, and Australia are poor??

How do you make that connection? General population wealth he was talking about. Not some rich Mafia Russian examples. Sowhat do you want.?

Communist eastern europe had its debts fully paid. Whole countries where gulags but at least they had no debts, right? Capitalism just passes the ball around to the next gen.

>>16693564
>I knew putin cared about his countrymen

>>16693003
>>16693136
>>16693392
Brainlets. There is always someone who'll lend.
Putin often boasts about Russia's almost non-existent debt, it's one of those things that his administration loves to highlight even though it does fuck all for the average citizen.

>>16692976
If you owe the bank $1,000, you have a problem. If you owe the bank $1,000,000, the bank has a problem.

>>16693018
Unrelated, but a kms is in order for mistaking Danny for that hobbit fuck.

Again, I put it to all of you, retards, if I gave you 100.000 you think your life would change? Dou you think you would be a different person all of a sudden? The answer of course is no. Money will not really change who you are

Much of the so called wealth of the US is by the US having debt. Debt is denominated in US dollars, dollars are effectively loans, by foreign countries like China lending money to the US, they are actually effectively borrowing from us.

The US is actually a poor country with very low exports in relation to other countries. The things that actually prop up US wealth are:
>the dollar being the default world currency
>foreign countries buying US bonds (which is debt) that are denominated in dollars
>foreigner buying US real estate
if you take that all away the US economy would plummet to 3rd world levels

>>16695794

Ya... you can't compute like that. And in the end, do also compute in the debt of countries TO the US... however...
In the end, in 100 years, whether we want it or not, there will be a new war.
A war the Europeans try to avoid by taking in the enemy.