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That is worrying if it is more like $70 trillion total - counting everything. I don't know and have not checked out - but as ever come down in the last 25 or 50 yrs ?
My old Bank manger use to say to me - if you ever owe the Bank say $1 or 2 million - you have to worry.
But if you owe the bank say $50 -100 million - then - "the shoe is on the other foot" - and the Bank as to worry :-)))
Similar with the US - if the debt to others around the world - was say less than a few trillion - the US would need to worry.
However - with that size debt - Its the World what as to worry !!
Hi Lisa - even that clever piece of work looks rigged lol
I do like it though I wonder if other countries have similar ?
Thanks Keith - looks even more interesting now - especially the UK's external debt to GDP ratio - I reckon some thing must be wrong with their calculations ????