We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Uk Now Owes 18% The Entire World Debt
HenryWeston
Posts: 198 Forumite
Ive just seen this on another site: And these figures are out of date so its likely to be more... :eek:
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2079rank.html
Debt - external
1 World $ 44,610,000,000,000 2004 est.
2 United States $ 10,040,000,000,000 30 June 2006 est.
3 United Kingdom $ 8,280,000,000,000 30 June 2006
4 Germany $ 3,904,000,000,000 30 June 2006
5 France $ 3,461,000,000,000 30 June 2006
:eek:
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2079rank.html
Debt - external
1 World $ 44,610,000,000,000 2004 est.
2 United States $ 10,040,000,000,000 30 June 2006 est.
3 United Kingdom $ 8,280,000,000,000 30 June 2006
4 Germany $ 3,904,000,000,000 30 June 2006
5 France $ 3,461,000,000,000 30 June 2006
:eek:
0
Comments
-
3 words.. Oh my God!!!! Thank god there are some of us trying to do something about our debts.
Laura0 -
4 words OMFG!
Is that billion or trillion??0 -
TRillion. Makes what you owe look like nothing doesn't it?0
-
This was fascinating. I just had a little bit of a surf, and came across the site's own definition of what external debt is:
"This entry gives the total public and private debt owed to nonresidents repayable in foreign currency, goods, or services".
So its public AND private, but it only covers whats owed to nonresidents of the UK, and not in sterling, as far as I can make that out. And the site also describes it as being in the trillions. I think I may have to bookmark the CIA! How amazing.2023: the year I get to buy a car0 -
TRillion. Makes what you owe look like nothing doesn't it?
Yes, it's a drop in the ocean. We should all get together and try and push our debt levels to the max so that we can get into that No 1 spot!
Go UK, go!Mortgage Free in 3 Years (Apr 2007 / Currently / Δ Difference)
[strike]● Interest Only Pt: £36,924.12 / £ - - - - 1.00 / Δ £36,923.12[/strike] - Paid off! Yay!!
● Home Extension: £48,468.07 / £44,435.42 / Δ £4032.65
● Repayment Part: £64,331.11 / £59,877.15 / Δ £4453.96
Total Mortgage Debt: £149,723.30 / £104,313.57 / Δ £45,409.730 -
From the look of it, and the definition, it's probably only the footprint of the yen "carry trade". It certainly isn't a "nett debt" thing, or neither Japan nor China would be on there."Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
"We were born and raised in a summer haze." Adele 'Someone like you.'
"Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky." OMD 'Julia's Song'0 -
If you want a real laugh - go here..."Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
"We were born and raised in a summer haze." Adele 'Someone like you.'
"Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky." OMD 'Julia's Song'0 -
If you want a real laugh - go here...
Okay, maybe its because I'm young, but I dont understand what that article is saying?
Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
Personal Finance Blogger + YouTuber / In pursuit of FIRE
0 -
There are currently $415 trillion of derivatives outstanding. It's risen by a quarter in the last year - i.e. by about $100T. Just for comparison, private debt in this country is about £1.3T or $2.6T.
It's quite a lot of money..."Follow the money!" - Deepthroat (AKA William Mark Felt Sr - Associate Director of the FBI)
"We were born and raised in a summer haze." Adele 'Someone like you.'
"Blowing your mind, 'cause you know what you'll find, when you're looking for things in the sky." OMD 'Julia's Song'0 -
oh gosh...Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.
Personal Finance Blogger + YouTuber / In pursuit of FIRE
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.5K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.5K Spending & Discounts
- 247.4K Work, Benefits & Business
- 604.2K Mortgages, Homes & Bills
- 178.5K Life & Family
- 261.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards