btw australia has a higher external national debt as % of GDP than the US
just sayin ;)
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btw australia has a higher external national debt as % of GDP than the US
just sayin ;)
um no
america owes way too much fucking money
other nations do not owe that much
you would fuck yourselves
brilliant argument and well backed by facts
it's still the truth and you know it
your foolish national pride is lying out of its ass to you
perhaps u do not understand, YES the US has the highest debt in terms of DOLLARS in teh world, but it also has the highest GDP
in terms of GDP that external debt is roughly 100% of the GDP
according to a CNBC article from earlier this year referencing worldbank statistics, 19 other nations had higher external debt as % of GDP, 18 of them in Europe and also Australia which was like 120% or something. UK was 2nd with 450% and Ireland was 1st with over 1200%
you don't understand that more money is available for "us" to borrow than for "you"
WOW the thing about debt is, if we stopped trading with China obviously theres something BIG AND BAD going on in the world right? obviously we would cancel our debt to them you fucking idiot. yes this would cause a financial crisis and rampant inflation but it is doable in the case of such an EXTREME situation (as this would obviously be). see: Russian financial crisis of 1998 in which Russia defaulted on its debt and has since pretty much recovered economically
i'm glad we have people like Camoron who post here who know what they're talking about
what would happen:
The US sends 500000 soldiers
UK sends 10000
Canada sends 1000
Australia sends 200
everyone else "the coalition of the willing" sends 1
Cameron think he can declare WW3 and he has it all figured out
what a fucking retard
as if anyone with political power would listen to that rubbish
goddan chinese muslim terrorsits