tag:blogger.com,1999:blog-8817171247555815363.post7293594173458342289..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: 26/09/2011: Ireland's Debt Overhang - unprecedented, unmanageable & unsustainableTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8817171247555815363.post-43874554536618347092011-10-02T23:27:09.818+01:002011-10-02T23:27:09.818+01:00Thanks for the infomation Konstantin. You are one ...Thanks for the infomation Konstantin. You are one of the few commentators who make the facts clear in this mess. Are you aware of the experience of Guernsey? Guernsey created its own national debt free currency over 200 years ago, and continues to be an example of a small economy flourishing without being controlled by bank debt. It is a model for recovery for Ireland, as they have their own debt free currency operating alongside the debt ridden British pound. WHich means we could do the same thing, alonside the Euro. We could create our own national currency and re-liquify our seized up economy.Cathal Spelmanhttp://www.realhealthylifestyle.ienoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-56559311236332488792011-09-26T12:37:45.162+01:002011-09-26T12:37:45.162+01:00Constantin,
does the corporate debt include that ...Constantin,<br /><br />does the corporate debt include that of foreign companies in Ireland as it would be rather misleading (given they may have offsetting assets and the ownership is offshore so liability for the local population?)<br /><br />I suspect the stats for debt at the national level are gross. Sadly for most nations they have few financial assets to offset but some noteable exceptions such as Japan have enormous reserves and various sovereign related entities with huge holdings of Treasuries etc. Japan's net government debt is roughly half the scare 200%+ number often quoted for example.Sandymounthttps://www.blogger.com/profile/00871848316953642107noreply@blogger.com