Quote:
Originally Posted by UKVixens
"Now compare this to England where the GDP is $2.7 trillion as external debt is $8.9 trillion. Meaning, their external debt is 400% of what the the country grosses as a whole as 1/3 of tax revenues, pay only the interest on the debt as they borrow more principle totally $8.9 trillion."
I can confirm that you are talking a complete and utter crock of shit here, not only with your ignorance of basic geography but your numbers are complete fantasy. UK national debt is something, ball park, $1.5 trillion NOT $8.9 !!!! WTF
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I posted 3 links in this thread (look it up), 1 of them was a list of external debts of all countries :
http://en.wikipedia.org/wiki/List_of..._external_debt
Which shows that the UK indeed has $8.9 trillion ext debt, but...
You need to know the balance between ext debt and ext assets... so that's why I posted the following link first :
http://en.wikipedia.org/wiki/Net_int...tment_position