MAMBONI: Superlatives Fail. ECB Checkmates Bundesbank & All CBs As of 2.19.2012

[Sparky]

More caution with statistics...

Based on the per capita debt and annual per capital income, here's how long it would take to repay all of the debt if all income were used to retire debt:

Greece 6.6 years
Italy 6.4 years
Ireland 5.2 years
Portugal 4.4 years
France 4.3 years
United States 3.7 years
Spain 2.8 years

[beefsteak]

Nice find, Sparky

the kicker of course is the ".....if all income were used to retire debt" part of your quotation.

[Sparky]

Nice find, Sparky

the kicker of course is the ".....if all income were used to retire debt" part of your quotation.

Just trying to understand how the dominoes are really lined up. What's missing here are two biggies, Japan and the UK.

[Sparky]

Check out this interactive EuroZone debt graphic; click a country to see what they owe, and to whom:

http://www.bbc.co.uk/news/business-15748696

What I've often wondered is why the country's can't mutually retire debt that they owe one another. For instance, Italy owes France $309B and France owes Italy $38B. Why doesn't Italy agree to retire all of France's debt, provided that Italy's debt is reduced by the same amount? I suppose it has to do with all the various interest rates and maturities associated with the debt. But is there a listing of each country's "net" debt position?

Edit: Apparently the chart includes all debt owed by each country's banks, including both government and private debt. That makes it much more complicated.

[solid]

Why doesn't Italy agree to retire all of France's debt, provided that Italy's debt is reduced by the same amount?

Sparky, this makes too much sense. Logically. Therefore, you are thinking too much. Don't think too much, they don't...so the answer is to be less intelligent.

Think like an idiot. The answers will be easier to find.

[Horn]

Check out this interactive EuroZone debt graphic; click a country to see what they owe, and to whom:

http://www.bbc.co.uk/news/business-15748696

The U.K.'s debt is the biggest joke of the century.

[Glass]

Perhaps this is the reason there are so many banking chiefs resigning.

http://valuebin.wordpress.com/2012/0...he-white-flag/

We also need to add Josef Ackerman Deutsche Bank who announced he will retire in May.

[Walter Mitty]

The whole article is nonsense.

[gunDriller]

The whole article is nonsense.

thanks for bumping it.

gave me a chance to re-read the "nonsense".

[FreeEnergy]

Greece 6.6 years
Italy 6.4 years
Ireland 5.2 years
Portugal 4.4 years
France 4.3 years
United States 3.7 years
Spain 2.8 years

Just trying to understand how the dominoes are really lined up. What's missing here are two biggies, Japan and the UK.

Now you can see who runs the show.

UK is NOT going to show up, as it is where things are run from.

As does Germany.

As does Israel.

Japan has been stealing gold from all Asia from 1900 to 1945, and got away without paying reparations. It has stashes. It has been put out of ability to claim world domination but its total reliance on foreign oil, and now a radiation problem.

The only other wildcards here are:
* CHINA
* RUSSIA