(no subject)

[randomness]

The Economist's Buttonwood blog has posted a Global Debt Comparison visualization at http://buttonwood.economist.com/content/gdc. You can use the page to compare how deeply in debt various countries are.

The world total is $35 trillion and counting. Fortunately we just owe that money to other earthlings rather than, say, some other planet.

Comments

[r-ness.livejournal.com]

As dirque says, it's not a zero-sum map. Most of this debt has been sold to non-government entities. Pension funds, mutual funds, banks, even some ordinary people holding things like savings bonds.

That $35 trillion is owed by governments to individual earthlings, or collectively by subgroups of said earthlings.

And government debt is supposed to be some of the safest investments around...