A simple question about debt.

warwicktiger

If large numbers of the population and most governments are in debt, whose got all the money?

andy.m_2

That premise only works if the promissary is the same volume as the assets.

Mr._Pricklepants

warwicktiger wrote: »

If large numbers of the population and most governments are in debt, whose got all the money?

The boomers

But seriously,
There's 1.1 trillion in UK deposit and savings accounts
4 trillion if we include pensions, shares, bonds...
5 trillion in housing wealth

mcfisco

It's an inverted Ponzi scheme

CLAPTON

basically some-ones debt is some-one else's savings so the total equals zero

much government debt is borrowed from their own citizens so e.g much of the Japanese government debt of 250% GDP is owed to Japanese people.
If I recall correctly 70% of UK government debt is owed to UK people

china has an enormous surplus

I'm sure the internet will provide lots of answers.

TruckerT

Most of the money is held by the banks.

There is no particular logic in the idea that putting your money into a bank should be any less risky than buying gold, stocks and shares, or property etc etc.

The depositors of the Cyprus banks apparently were about to lose lots of their money, but it is a bit odd that we have heard nothing at all about it since the actual event.

The UK deficit could probably be cleared overnight by taking the money from the banks which caused the problem in the first place.

TruckerT

Thrugelmir

warwicktiger wrote: »

If large numbers of the population and most governments are in debt, whose got all the money?

Tied up in overpriced assets. Globally money supply is contracting. Hence the pain. As banks cancel and destroy the paper.

chucknorris

Thrugelmir wrote: »

Tied up in overpriced assets. Globally money supply is contracting. Hence the pain. As banks cancel and destroy the paper.

My pain comes from my cash that is reluctantly earning only 2.6% gross, ok I have more on higher rates, but I also have enough earning a mere 2.6% waiting to buy a house with.

Thrugelmir

chucknorris wrote: »

My pain comes from my cash that is reluctantly earning only 2.6% gross, ok I have more on higher rates, but I also have enough earning a mere 2.6% waiting to buy a house with.

Like lots of other people then. Chasing other investments in the hope of obtaining a better yield.

lostinrates

CLAPTON wrote: »

I'm sure the internet will provide lots of answers.

The Internet...like here?:D

It's the sort of question we should see more of IMO. Simple, refreshing and something a lot of people just don't know and understand.

Great question OP.

CLAPTON

lostinrates wrote: »

The Internet...like here?:D

It's the sort of question we should see more of IMO. Simple, refreshing and something a lot of people just don't know and understand.

Great question OP.

Maybe, so although most of the posts have been rubbish.

What I actually meant, is there are a lot of details about debt/surpluses by country both for government and private debt on the internet and there is info about who holds government debt.