Saturday, 7 March 2009

So who owes all this debt


The worlds governments are pumping billions of pounds, euros, dollars, yen and almost all other currencies in to global financial institutions. Just where has all this debt come from? According to the world population clock the total population of the world is only six billion.

http://www.intmath.com/Exponential-logarithmic-functions/worldPop.swf

You do the mathematics and see if you can work out just how much everyone owes - its surprisingly more than Bill Gates entire wealth. Do I smell something fishy here or am I just being too simplistic.

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