Its seems this country will collapse in the following 5-10 years

ForceFate

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South Africa's debt is around 3.5 trillion! That's what a country like America should have, not our little country and small economy! How will we ever pay that back.

We are in deep trouble. Read an article a while back that said we would be completely bankrupt in 20 years time or so.
US? R3.5 trillion?
 

SoldierMan

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SoldierMan

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How would they pay for the war machine?
Yeah, that would be a bitch...
The US needs to borrow money just to pay off the interest on their $19 trillion debt. Let that sink in. And once it does sink in for the rest of the world, not even their reserve currency status and QE Infinity will help avoid the coming crisis.
 

Daruk

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SoldierMan

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OK, so peanuts then
Yeah just another country knee deep in debt (but hey they have the PS5 releasing soon!), and it's not the exception it's the rule these days. The world is in debt and it's not getting better.
 

Daruk

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Yeah just another country knee deep in debt (but hey they have the PS5 releasing soon!), and it's not the exception it's the rule these days. The world is in debt and it's not getting better.
Right, so SA is not unique.
 

saturnz

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South Africa's debt is around 3.5 trillion! That's what a country like America should have, not our little country and small economy! How will we ever pay that back.

We are in deep trouble. Read an article a while back that said we would be completely bankrupt in 20 years time or so.

given that the US debt is well over $22 trillion (dollars not rands), if we use your logic SA's debt is actually quite small
 

SoldierMan

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given that the US debt is well over $22 trillion (dollars not rands), if we use your logic SA's debt is actually quite small
Man! Not too long ago US debt was at $19 trillion, what the heck happened....

We're a much smaller country so it is only obvious that we would have a smaller debt, R3.5 trillion is nothing to be proud of though. Still a huge whack that we have to pay back somehow.......
 

Gingerbeardman

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@rietrot, I know you are an anarchist. What do you think about the country collapsing? Do you think it could be pulled back?

Trying to understand how people rationalize wanting it to happen.
The sooner the crash, the less catastrophic it will be and therefore the easier the course correction will be.
 

Moto Guzzi

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Man! Not too long ago US debt was at $19 trillion, what the heck happened....

We're a much smaller country so it is only obvious that we would have a smaller debt, R3.5 trillion is nothing to be proud of though. Still a huge whack that we have to pay back somehow.......
SA has about 1% of the worlds economic activity, but these huge debts(Resource killers), may that be the black hole be the scientists are seeing-?
 

SoldierMan

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An economic death spiral by any other name...
Picked up an interesting stat the other day on The Keiser Report - the IMF says that there is a $19 trillion corporate debt and that 40% of them CANNOT afford to pay back the INTEREST on that debt! Scary stuff.
The world economy is in deep deep trouble with bubbles bubbles everywhere. Yet because Wall Street seems to be doing well (stock market) many seem ignorant of this fact and living with their heads in the clouds.
 

WaxLyrical

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They also said SA was destined for civil war when Mandela got released.

Moving along - nothing to see here.
 
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