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Who Has Money To Lend
kah22
Posts: 1,888 Forumite
Here's one that has been puzzling me of late.
Do a Google for balance of payments and you'll quickly discover that all countries in the world seem to be running a balance of payments deficit. In other words they are borrowing money to buy goods and services. Right?
The question is if almost all major developed countries and all underdeveloped countries are constantly borrowing - who are they borrowing from? What has the cash - China, the oil states? Who?
Do a Google for balance of payments and you'll quickly discover that all countries in the world seem to be running a balance of payments deficit. In other words they are borrowing money to buy goods and services. Right?
The question is if almost all major developed countries and all underdeveloped countries are constantly borrowing - who are they borrowing from? What has the cash - China, the oil states? Who?
0
Comments
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You answered the question in your statement.
Every country is in deficit.
So no one has the money. Never has. It's all simply a game of numbers on paper.
PsiNear a tree by a river, there's a hole in the ground.
Where an old man of Aran goes around and around....0
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