So, is there a short answer to who the hell the creditors are in this scenario?
I mean, in the real world, if I've borrowed $100, it follows that someone somewhere has lent $100. (Or 10 people have lent $10 each. Or something like that.) I don't expect there to be anything that straightforward going on in this case; I've come to expect that international finance operates on this weird quantum scale where normal intuitions about money simply don't apply.
Still... I'm not sure it would make any damn sense to talk about the world's global debt without talking about creditors.
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Date: 2009-09-19 01:34 am (UTC)I mean, in the real world, if I've borrowed $100, it follows that someone somewhere has lent $100. (Or 10 people have lent $10 each. Or something like that.) I don't expect there to be anything that straightforward going on in this case; I've come to expect that international finance operates on this weird quantum scale where normal intuitions about money simply don't apply.
Still... I'm not sure it would make any damn sense to talk about the world's global debt without talking about creditors.