http://www.economist.com/blogs/dailychart/2011/07/world-debt-guide&fsrc=nwl
And the answer of whom the money is owed to:
http://answers.yahoo.com/question/index?qid=20080130233740AAkriLc
There is some land, assets, ressources... natural and human... to back this up, NO?So I guess if we accounted for it ALL, as we do in corporations, without stock options... and creative accounting... we might not be so worried... as long as we still TRUST one another.
The question really is who will keep their assets priced dearly... and will they use them efficiently... to decrease the gearing...
Would you bet on ICELAND... GREECE... SPAIN... FRANCE... SWITZ... BRAZIL... RUSSIA... CHINA... INDIA... the USA?... etc... I guess it depends more on where you are based (which is home!) and what you do (which is your safest bet...)
--
Scott
