So that who owes who chart actually has been on my mind for a while - like years.
I don’t understand why the various treasury secretary’s can’t get together with chips on the table and say ok I owe you two you owe me one - let’s cancel out one and just have me owe you one, etc and vice versa. This would start with the highest interest debt and work down until there are no more exchanges that can be made between two countries.
Then if there are 3 countries with debt between they agree to trade off between the 3. britain owes france one us owes britain one france owes use one - in the end they cancel out the circle - poof annnnnd it’s gone. Why not they do it with the taxpayers money all the time. It goes on in order to retire the most debt between all the countries.
I get Time value of money too - so the chips should be appropriately calculated to the appropriate value based on interest etc prior to starting.
In the end there will still be some countries that still owe. But at least then it would be an amount that the world could look at and make a true effort to address. Maybe I’m just crazy...
BUMP!