 Would you give up a hand for $1,000,000 (£500,000)? |
I don't know what that would be in Euro despite the fact I'm from Ireland.
Basically would you cut off your own hand in exchange for that much money?
Additional Details
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Zapgaia | If all the nations in the world are in debt, where did all the money go? |
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Stormy weather
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America.
Politicians/country leaders. |
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dm_dragons
 |
They are not ALL in debt. You are correct in that money doesn't really grow or shrink on a global scale. But it does change hands.
So your question really is, "Who has the money?", because it IS out there.
If you went to the neighbor directly to the west and borrowed $10 and then we went west of him to borrow $10 and around the block you go...in the end everyone is in debt, but no one is poorer or richer than when it started.
So unless you define your question more specific, it is hard to answer your question.
If you mean "who owns the gold", then the answer is the United States holds double the country in second place. But then you have to believe gold ownership is what you mean by "money".
If you mean "who owns the wealth", then the answer is probably the US, but I wouldn't be surprised if other countries have passed us up. Wealth is not physical dollars and coins, but paper value and our stock market gets a lot of money dumped into it world wide. Japan might be second?
If you mean "who owns the physical currency", then again the US probablly has the largest number of dollar bills in people's pockets, but I wouldn't be surprised if at least half of our money is in other countries...but not one single country.
If you mean "who owns the best economy?", then the answer would be China. They have the fastest growing economy while others are shrinking. India is in second place.
If you mean "who holds the I.O.U.s from the country's who have debt?", then answer is probably equal distribution and we are back to the example of everyone borrowing $10 from the neighbor on the west side.
Hope that helps. |
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Mikey
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oprah |
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goodworker
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printers to print more |
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daren s
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they owe a handfull of businessmen. |
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Bankai!
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Inflation. |
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Andrew R
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Debt doesn't exist. Think of it more as a deficit. We lost the money, but we still have it. Confusing, I know, but still. |
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Stephen K
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Into the pockets of a few individuals |
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jameslankford
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to corporations |
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butterfliesRfree
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Unfortunately, NOT into my checking account ---- LOL
It went towards use of weapons and military needs. In reality, we can't send out troops overseas without the necessary tools -- that is not right -- every country is the same way......we're all out to protect our own. |
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mjbrightergem33
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interesting question?
earthquakes floods and disasters of many kinds causes debt to to rise fast poor countries with little naaaatural resources deplete what they have fast,, also mismanagement of resources theft etc .. mj |
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Ring of Uranus
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Rothschild and the Billdersburgs |
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Rainbow Raven
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Hoarded up by the govt. which will end in the economy crashing and world destruction |
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Drifter
|
The closest I can get to explaining it with my limited knowledge is to think of the nations as people.
say you have 3 people and 1 bank.
These three people deposit their savings to the bank and the bank then holds a percentage of that and loans the rest to each of the 3 people.
It ends with all 3 people having more debt than actual money that exists but they all expect will exist in the future as they're paying it back.
Now just image there's no bank, theres alot more people(nations) and alot more money changing hands(directly) in the form of investments.
That's a very basic, elementary explanation, if you want a more in depth one, I'm sure someone else can provide it, but I can't, I dropped economics because it was a 7am class and an elective. YaY college.
BTW, Gold hasn't backed the American dollar or most World Power currency for many years. |
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Fiyah! Canadian Beauty
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i'd say its lining the pockets of our wonderful politicians |
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Zeitgeist
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Very interresting question.
Watch the movie ZEITGEIST and you will understand it all.
it's free and online at http://zeitgeistmovie.com |
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sssgroper
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Black jack and hookers yo |
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Druid
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>Micro$oft.< |
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kim
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war |
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Laura W
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Wars, I would assume. Military industrial complex is a ravenous expensive monster. |
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Sarah
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they spent it all on war. (oh and btw australia isnt in debt anymore, john howard got us out of that and revitilized our economy and its stronger than ever) |
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kk
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The thing with the US's money is that the dollar bills you see on the street aren't what is worth something, its the gold backing it up in federal headquarters. Therefore, they gave them a bunch of dollar bills, but didn't have the gold to back it up. |
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