How long do you think it will take?

auction_assassin · ‎19-09-2013

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

-- A

poddster · ‎19-09-2013

@am*3 wrote:
Australia has debt,

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

I know that you believe you understand what you think I said, but I'm not sure you realize that what you heard is not what I meant.

kennedia_nigricans · ‎19-09-2013

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

i-need-a-martini · ‎19-09-2013

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

Seriously poddster, you are smarter than that.

cherry*135 · ‎19-09-2013

@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.

kennedia_nigricans · ‎19-09-2013

i betcha the vatican is debt free.

freakiness · ‎19-09-2013

@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.

i-need-a-martini · ‎19-09-2013

@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?

cherry*135 · ‎19-09-2013

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

It is too small to count.

kennedia_nigricans · ‎19-09-2013

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

do think before you answer *devilsmiley*