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Yeah if you want to know what the net debt on earth at any one time, the answer is easy: $0. Until we start borrowing space dollars from aliens, every debt is
by jordanb 2y ago
Yeah if you want to know what the net debt on earth at any one time, the answer is easy: $0.
Until we start borrowing space dollars from aliens, every debt is someone else's credit, every liability is someone else's asset. The global debt must sum to zero.
- blackbear_ 2y agoThat only works if you assume that all debts will eventually be repaid in full. But in reality some companies go bankrupt and some of their creditors will have lost money.