topic Re: How long do you think it will take? in Community Spirit

How long do you think it will take?

***super_nova*** — Thu, 19 Sep 2013 08:16:16 GMT

Any bets?

Re: How long do you think it will take?

poddster — Thu, 19 Sep 2013 08:39:14 GMT

Seriously, why is a triple A crtedit rating so important?

Personally I dont even have a credit rating, never have had ..........i dont have any debt either 🙂

Re: How long do you think it will take?

***super_nova*** — Thu, 19 Sep 2013 09:11:50 GMT

The interest rates that country gets to pay on the money that they borrow depends on their credit rating. If you have 3 x AAA rating it means that you are low risk and get better deal. So yes, it does matter.

Re: How long do you think it will take?

debra9275 — Thu, 19 Sep 2013 09:18:24 GMT

Not long!

& yes it does matter lots

Re: How long do you think it will take?

poddster — Thu, 19 Sep 2013 09:21:38 GMT

Does it still matter is you don't have debt and don't pay interest?

Re: How long do you think it will take?

debra9275 — Thu, 19 Sep 2013 09:22:59 GMT

Pardon???

Re: How long do you think it will take?

poddster — Thu, 19 Sep 2013 09:30:24 GMT

Does a credit rating still matter if you dont have any debts and don't pay interest?

Re: How long do you think it will take?

buzzlightyearsgirlfriend — Thu, 19 Sep 2013 09:40:52 GMT

@poddster wrote:
Does a credit rating still matter if you dont have any debts and don't pay interest?

It's not a personal credit rating being discussed. The fact that you may not have a credit rating is irrelevent.

Re: How long do you think it will take?

poddster — Thu, 19 Sep 2013 09:49:02 GMT

Why would a country need a credit rating if it had no debt pray tell

Re: How long do you think it will take?

cherry*135 — Thu, 19 Sep 2013 10:01:17 GMT

Australia needs foreign investors investing their money here. They would look at a country's credit rating when deciding whether to invest there or not.

Citizens with personal debt s or none, is totally irrelevant.

Name a country with no debt? Australia has debt, Australia is what the opening post refers to.

Re: How long do you think it will take?

auction_assassin — Thu, 19 Sep 2013 10:21:28 GMT

Well since you borrow money and that money is loaned out with interest, then more money has to be produced to pay for the money that has been loaned in the first place, again with more interest so you end up with even more debt.

Pays to be a banker

Re: How long do you think it will take?

poddster — Thu, 19 Sep 2013 10:26:37 GMT

@am*3 wrote:
Australia has debt,

It sure does.!!
No prise for guessing which party created that debt 🙂

Re: How long do you think it will take?

kennedia_nigricans — Thu, 19 Sep 2013 11:38:33 GMT

....and i thought i could place a bet here how long the ape will last.....

Re: How long do you think it will take?

i-need-a-martini — Thu, 19 Sep 2013 11:49:10 GMT

@poddster wrote:
Why would a country need a credit rating if it had no debt pray tell

Seriously poddster, you are smarter than that.

Re: How long do you think it will take?

cherry*135 — Thu, 19 Sep 2013 12:35:14 GMT

@poddster wrote:
@am*3 wrote:
Australia has debt, Australia is what the opening post refers to.

It sure does.!!
No prise for guessing which party created that debt 🙂

Why were you trying to bring into the discussions countries that don't have debt then? (what countries are these debt free ones by the way?)

Has Australia only been in debt the last 6 years? No, I didn't think so.

Re: How long do you think it will take?

kennedia_nigricans — Thu, 19 Sep 2013 12:34:37 GMT

i betcha the vatican is debt free.

Re: How long do you think it will take?

freakiness — Thu, 19 Sep 2013 12:35:15 GMT

@i-need-a-martini wrote:
@poddster wrote:
Why would a country need a credit rating if it had no debt pray tell
Seriously poddster, you are smarter than that.

Nah. Not really.

Re: How long do you think it will take?

i-need-a-martini — Thu, 19 Sep 2013 12:37:08 GMT

@freakiness wrote:
@i-need-a-martini wrote:
@poddster wrote:
Why would a country need a credit rating if it had no debt pray tell
Seriously poddster, you are smarter than that.

Nah. Not really.

Yeah he is.

I like poddster. It's just that he goes a little crazy with the Liberal Party caper, ya know?

Re: How long do you think it will take?

cherry*135 — Thu, 19 Sep 2013 12:40:44 GMT

@kennedia_nigricans wrote:
i betcha the vatican is debt free.

It is too small to count.

Re: How long do you think it will take?

kennedia_nigricans — Thu, 19 Sep 2013 12:45:16 GMT

are uncivilised countries that want to go back to the middle ages excluded as well?

do think before you answer *devilsmiley*