if the world population consist only 3 people : - if A got $1000 debt to B - if B got $500 debt to C - if C got $700 debt to A then the world $2200 in debt
It's simple, credit! Here in Brazil it is practically impossible for you to buy something with your debt, it is all very expensive so it is usually purchased in installments on your credit card or through financing. We are reaching the point where a credit bubble is formed where the value of debt is greater than the money available to pay it.
Stupid question but what would happen if everyone agreed to say that we forgive the debt? Like, everyone collectively said forget about it and wiped the debt clean What would happen? Any 9gag economists here to tell me?
Let's have A, B and C being entities in need of money, A = 10$ B = 0$ C = 0$ B borrows 10$ to A C borrows 10$ to B A borrows 10$ to C A = 10$ B = 0$ C = 0$ Now there is 30$ in debt and everyone still has the same amount of money
The future. And the best part is that you can keep it that way.
To cut a very long story short: you owe it to yourselves.
You dumbass, we are not all evenly in debt...
States to private companies?
Someone is retarded