Body & Soul0 min ago
Money
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If all the nations in the world are in debt, where did all the money go?
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the nations become debtors to some countries and creditors to other countries. Meaning England can owe france money and America can owe england money, but france can't be paid until america settle. Each nation would be in debt to different countries. The money would get circulated, as nation 1 is paying out money to nation 2 who wants to borrow it and get into debt, whilst nation 1 is in debt to nation 3.
1 nations debt is another nations asset where by interest can be charged.
1 nations debt is another nations asset where by interest can be charged.
Most nations are in debt to their (and other) citizens. Premium Bonds, Treasury gilts and other forms of Government debt allows the Government to borrow money.
Therefore if all the world's nations decided buy lots of weapons and borrowed money to do so, it would be financed by corporate and personal purchases of Government debt.
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