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If all the nations in the world are in debt where did all the money go?
WriteClub
Not all the countries are in debt, just some of them. The money is still there. It didn't disappear or go anywhere.
Wiki User
∙ 16y ago
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Why does the debt crisis come to the world?
It seems that all of a sudden, every country in the world are facing debt crisis, ever since we all owe money, the ultimate question is "to whom"?
What does third world debt mean?
Third world debt means the debt of the US Parliament. No, no it refers to the money which the richer nations of the world have loaned to the nations of the Third World. The First World, if you like, is the old established European nations which became the colonisers of the world. The new World is the Americas, north & south. The Third World are the countries of Asia & Africa which, so far, have not been pre-eminent in economic power. For example, China & India are rapidly no longer going to be in the Third World because of massive economic growth. Japan has a powerful economy, as has Singapore. Zimbabwe on the other hand is now amongst the poorest of nations. it is a very debatable point whether those of us that live in wealthy nations should loan these countries money at all. Personally I believe we should simply give them all the aid we can. It is pointless asking someone who has little wealth to repay a loan they cannot afford to take in the first place. Which is exactly what 'Freddie Mac & Fanny May' have done with the US economy which is why we are now all in the doo doo. But that is a different Q altogether.
How much was Serbia's debt after World War 1 and did they ever pay it?
All countries involved in World War 1 had huge debt following the war. Te exact amount that Serbia borrowed is unknown, but debt was something that all nations involved had to deal with and it was worked out in the Treaty of Versailles.
What is public and national debt?
Public debt is the money owed by any one branch of the government. National debt is the money owed by all the branches of government.
What fundraising activities have taken place to help raise money to reduce Third World debt?
Lots of taken place, which cannot all be named One, could be.. Third Debt Kept UK ActivePovert
Why is rangers fc in debt?
Because they spent all their money.
How do poor countries get into debt?
because all their money go
What is the term used for all of the money borrowed by the government and the interest on the money that is borrowed?
public debt
Where can one find more information about getting out of debt?
Freedom Debt Relief, Money Management, Get Out of Debt, Bank Rate, Better Money Habits, Dave Ramsey, MSN Money, and Family Credit are all places an individual may visit online in order to get more information regarding how to get out of debt.
Who is going to pay the national debt?
nobody. The debt is larger than the sum of all money, so it can never be repaid.
What is a debt service?
Debt service refers to payment of money owed to a bank or other institution. Debt service may be done all at once or in stages.
What was the effect of the national debt?
The size of the US's national debt is a vital piece of the economical health of not only the USA but of all nations participating in world trade and economics. I'll focus on the USA's national debt. Generally speaking a small national debt helps the USA's economy in a few ways. Based on the USA's position in the world as a major player in world economics and yes, it's military strength, a small national debt means that taxes in the USA, whether income taxes or other Federal taxes, need not be raised to pay the principal and interest of the national debt. Another positive feature of a small national debt is that the USA can issue bonds on the free market to raise money in a smooth manner as the small debt is one indicator that the USA's finances are in good order. This also directly affects the amount of interest that Government bonds need to pay the buyers of Government bonds. The USA's ability to help the economies of other nations is enhanced when the USA can borrow funds to help their economies. Thus, the amount of foreign aid the USA can lend or grant to other nations for good reasons not frivolous ones, is increased.
