How Are Your Math Skills?
 

Anybody out there good with numbers? If so, what does the collective total of the "External debt" column add up to?...

https://en.wikipedia.org/wiki/List_o..._external_debt

Thanks in advance!

18,328,991,667,000

Terrible, the lab keeps blowing up. I'm down to two fingers.....

Oh you said MATH. I thought you said 'meth'. Nevermind.

That number is less than just line one (the US).

What is the combined total of all 190 countries listed?

75,561,383,629,787

.

NVM... it's not pasting correctly in my Excel.

Is that a real total?

Eventually the conspiracy part of my brain ran out of space and started overwriting the Maths section

78,306,756,516,097

final answer!

My education records know..:2 cents: :pimp

Where will you use the exact figure?
Aproximately it seems right, around 75

That is the total that excel gave me. I did not error check it.

.

78,306,756,516,097 is what I got after error checking so that looks like the right number.

There were 2 numbers in there with footnotes (105,700,000,000 [16]). That was screwing up the total.
.

I know money is no longer backed by gold, but just for fun, using $75 Trillion dollars as a number, and using today's market value of gold, that would be the equivalent of around 4,066,804,034 pounds of gold.

According to National Geographic, there is approximately 363,762,732 pounds of "above-ground" gold on Earth.

4,066,804,034 pounds of pretend money gold minus 363,762,732 pounds of actual gold equals almost a 4 Trillion pound difference (3,703,041,302 pounds).

3,703,041,302 pounds times approximately $18,442 per pound equals a difference of almost 70 Trillion Dollars ($68,291,487,691,484 dollars).

Just something to think about.

3 ice creams is the answer to any math problem. :thumbsup

yes, those got me too. and i also forgot how to use the sum command since i never use excel... lol

Where are you going with this? Debt is meaningless or meaningful?

You would need total amount of money for this, not debt, which is lower than all the money floating around (which would supposedly be backed by gold).

Also in theory debt may be even higher than total amount of money.
Lets say there are 3 guys and total currency issued is 30 units backed by gold. One guy lends 10 to the second, second lends his 20 to the third, thirds lends his 30 to the first.
Total amount of external debt =60, but only 30 is backed by gold, because there is only 30 units issued. So debt should not necessary be backed by gold, because not debt, but actual issued currency should be.

http://j-walkblog.com/images/1plus1.jpg

http://images.viralnova.com/000/034/...cal-facts7.jpg

huge numbers of dept too bad there is no statistic how much is incises yearly

Maybe someone here can tell me to whom all the planet owes that money?

It's what's known as an imaginary number

My question is genuine.
Say countries borrow money from the monetary funds. Where does this money come from???

Ok, so if I understand properly... some countries borrow money, but also lend money.
So technically the debt and credit should add up to 0...
:helpme:error

The debt is created out of thin air

An inherent belief in dots per inch and gloss.

:helpme

So technically, countries are borrowing money from other countries or central banks that have borrowed it themselves from another country or bank... each keeping 20% (ish) of the amount they borrowed in case they are asked to pay back what they were given.

No wonder the first move of Greece was to limit the amount you could withdraw from your account...

Now correct me if I'm wrong, that means that only 20% (ish again) of the money people have deposited in their bank account is actually "there" and the rest was sent upwards in a system that eventually will lend trillions to countries, each time claiming that they are handing the full amount?

Interesting....

https://www.youtube.com/watch?v=iP9H5fADC0E

I guess that's why they offered him the presidency....

My guess is potato

1.345.231m

not so good

Is this fucking possible??? :) I thought Luxembourg is nice place to live in... :) They have larger per capita debt then most of the countries avg salary for God sakes... And whole world talks about Greece...