confu2000 Question : all countries are in debt who owns this debt if all countries are in debt? it seems that we are all paying money to each other, while borrowing from each other to finance the debt .. that makes no sense to me. I’m wondering if this system is good or bad, or if you fail .. just trying to understand this concept. thankyou! http://en.wikipedia.org/wiki/List_of_countries_by_external_debtMiglior response: response
by Jac hat
international financiers are they do not have membership
What do you think? Answer below!
In 2008, after the birth of her first child, Baker and his wife decided to sell everything owned, pay consumer debt, and spend a year of foreign travel as a family. They began to share their journey in early 2009 on Man vs. Debt blog, now 15000 subscribers strong. In sharing their ups and downs in the areas of personal finance, consumerism, clutter, travel, minimalism, passion and entrepreneurship, they realized that they are not alone in a desire to explore and grow. In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. During a TEDx event, TEDTalks video and live speakers combine to evoke a deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized. * (* Subject to certain rules and regulations) Video Rating: 4/5
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Bored Goblin
June 2, 2012 at 4:22 am (UTC 0) Link to this comment
Not all countries are in debt. All exporting countries, China, Germany, Japan, oil producers are net creditors, which means that other countries will have more than their confronti.Inoltre, the debt is issued by the government of the country, and most part of the debt is owned by citizens and banks of that country. In the U.S., less than half of its debt is held by foreigners.
Spotty J
June 2, 2012 at 5:17 am (UTC 0) Link to this comment
We are all Loan from each other. The distinction is that the debt you are watching is issued by governments. The lenders of these gov’ts are generally private banks, corporations and individual bond investors. The nationality does not matter: a specific U.S. bond investor could purchase securities from the United States, United Kingdom and Japan, while a Japanese bank may purchase securities from the U.S., Japan and the United Kingdom, and a UK-based investment firm is purchase bonds of the United Kingdom, United States and Japan. In this sense we can see how the United States, United Kingdom and Japan lend and borrow from each altri.Punto Key: A country is not a monolithic actor to do only one thing. A country is a collection of millions of separate entities that are all separate things. It makes sense when you realize that is not a case of loan “America” $ 10 from Japan and then pay $ 10 in the United Kingdom. This is a case of U.S. government borrowing $ 10 from some Japanese bond investors, while a single title in Texas investor buys $ 10 worth of government bonds of the United Kingdom, because he thinks that the pound will gain against the dollaro.Praticamente all countries have debt. Some are net lenders because their OWN private entities external debt more than their duty towards foreign governments (but still have a net foreign debt). Some are net debtors because of the opposite case.
Zoracle
June 2, 2012 at 5:54 am (UTC 0) Link to this comment
What freedom means to me: to be able to go anywhere in the world, whenever I want and still feel secure in my finances and income.
StritarD
June 2, 2012 at 6:07 am (UTC 0) Link to this comment
… All the good and the joker. But, what if you do not have a thing still owe?
Andrew2889
June 2, 2012 at 6:34 am (UTC 0) Link to this comment
This has become an addiction for me. They are constantly looking for things to sell, even useful things.
ConnierNordan
June 2, 2012 at 7:14 am (UTC 0) Link to this comment
PhillipO is saying not just “choose” or not, we are programmed to a system requirement. The only time that we are free when we are born and then we were taught by people who are sick and ill with the obligation of duty and do not know what to do to solve it, it’s a cycle.
garyn1953
June 2, 2012 at 7:39 am (UTC 0) Link to this comment
Mortgage means ‘pay til you die’.
l2elesane
June 2, 2012 at 8:23 am (UTC 0) Link to this comment
Of course, you can direct the reasoning regarding rules over our lives by the government or what Ted Kaczynski called “power-reduction process.”
l2elesane
June 2, 2012 at 9:06 am (UTC 0) Link to this comment
If you are talking about political freedom then you are absolutely right. However, he can speak of freedom that comes with what Emerson called self-confidence. In other words, the ablity to be completely independent in the energy, food and shelter. Noted, this can be accomplished only if you own land, buy land and you need money. So no need to resort to the use of money to buy land, but once you own our land, we are able to do everything.
Epicself
June 2, 2012 at 10:01 am (UTC 0) Link to this comment
Wonderful Adam! Thanks for the reminder of minimum stay. Since I sold all 3 years ago I did not go back and do not plan to deal with stuff again. Adaptability is the key. The freedom and endless opportunities are fabulous. The Native American definition of insanity is hoarding some pretty funny: D. I’m sharing this with my network. Keep the great work mate! AmbraEpicself.com
nucowa
June 2, 2012 at 10:38 am (UTC 0) Link to this comment
Whut? How did he sell all his shit? Suggestions please? Thanks for telling me I hate everyone.
ReadDoug
June 2, 2012 at 11:31 am (UTC 0) Link to this comment
Thanks for your information only! Hats off to you!
thePhillipO
June 2, 2012 at 12:00 pm (UTC 0) Link to this comment
I have not received the message … But thanks for caring to respond.
chinezero
June 2, 2012 at 12:05 pm (UTC 0) Link to this comment
You obviously missed the entire message. Work to do things that are passionate. Freedom, as in the fact that we are able to do what we want. We can travel the world, if we want. We can go out and buy huge loads of shit, if you will. In the freest people in the world have the opportunity to sell everything we own and leave. There are bound to live a life that does not want to live, if you choose not to.
chinezero
June 2, 2012 at 12:42 pm (UTC 0) Link to this comment
and all of the grammar police. Relax a little! ‘ The difference between this and is not going to cause world hunger or the fall of mankind.
thePhillipO
June 2, 2012 at 1:14 pm (UTC 0) Link to this comment
Grande. The only thing I do not agree with is “we are the freest people in the history of mankind” is not true. we are slaves. money and the monetary system.
goda81L
June 2, 2012 at 2:10 pm (UTC 0) Link to this comment
@ Johnnydice01-not, “is” “its”
Inbox2zero
June 2, 2012 at 3:06 pm (UTC 0) Link to this comment
With Baker, who was a powerful TED presentation. I feel fortunate to have followed you and Cortney long as I start my journey with my family.
peaceniq
June 2, 2012 at 3:08 pm (UTC 0) Link to this comment
The video was great. The guy was great. I was left feeling very premuroso.Poi I read a couple of comments and became disgustato.Ho intention to leave comments and get back the feeling that the young man has much more intelligence lasciato.Ha the few out there that I wasted my time reading …
sharpm57
June 2, 2012 at 3:11 pm (UTC 0) Link to this comment
We are collecting experiences. Work towards our passion, and pursue our happiness. These questions arise are exactly the questions to get answers here …
johnnydice01
June 2, 2012 at 3:32 pm (UTC 0) Link to this comment
I like the idea, but it is difficult to digest from this guy. It ‘a weak public speaker (hands a lot?), Is illiterate (his lives not Dead), and he seems just graduated (“what I learned in five years of being married” Five years? Talk to me when you hit 20, okay?). I agree with his message, but we lived well below our means always (good parents who made this happen). I do not need to hear this from a guy profit form the message.
femdyk
June 2, 2012 at 3:51 pm (UTC 0) Link to this comment
I have not heard the whole piece …. The only piece that is the most important. Stop blaming everyone and everything for your choices. When a person chooses for himself what he wants in his life, he then gave the opportunity to blame someone else for what has scelto.Io live well. I live in a tepee in the woods, ate fabulously well, are healthy and happy and confident. I make $ 400 a month and that’s it. And ‘possible. It’s wonderful.
anti0918
June 2, 2012 at 4:44 pm (UTC 0) Link to this comment
Do not blame consumerism – which is the effect not the causa.1. Easy, unlimited credit allowing you to go deep into debt: thanks to artificially low interest rates the Federal Reserve. Result: everyone needs inutile.2 stuff. Skyrocketing housing prices in the last ten years: with risk-free government-guaranteed mortgages. Result: everyone needs to own a casa.3. Skyrocketing costs of registration of the last decade thanks to government subsidy for student loans. Result: everyone needs a college degree.
missesflores
June 2, 2012 at 4:44 pm (UTC 0) Link to this comment
Kill Baker. XO!
Rocky1138
June 2, 2012 at 4:58 pm (UTC 0) Link to this comment
Awesome video and I agree with everything. One question, though, and is one that I have a hard time with. How do you deal with all the people who bought into that dream and have not yet awakened to the truth? Often criticized because of ignorance and it is difficult to manage. Thank you!
paurullan
June 2, 2012 at 5:52 pm (UTC 0) Link to this comment
Not only the acting was great stadium, but the entire presentation sums up the last couple of years. Great job!