Notorious Creditors
- China: We're sure that owing billions will have no long-term effects.- Loan Sharks: Always open for business.
- Future generations.
Definition
A debt is a sum of money owed.A debt crisis is what is happening right now. If you can afford a window, look out of it.
Note: The "B" in “Debt” is silent, like a Swiss banker.
Debtocracy Now: A crisis in numbers
127 – The average number of credit cards owned per person in the US (false).704 vs 28,841 (USD) – China's average debt per capita compared to the US (true).
5 – The average number of fingers on the human hand (this one's true too).
Notorious Debtors
- Uncle Sam (the US government): 12 trillion in debt, but it's ok, they can print more money.- Bear Stearns, Goldman Sachs, AIG, CitiBank.
- Your little brother Joe. Where's my money, Joe?
Definition
A debt is a sum of money owed.A debt crisis is what is happening right now. If you can afford a window, look out of it.
Note: The "B" in “Debt” is silent, like a Swiss banker.
Debtocracy Now: A crisis in numbers
127 – The average number of credit cards owned per person in the US (false).704 vs 28,841 (USD) – China's average debt per capita compared to the US (true).
5 – The average number of fingers on the human hand (this one's true too).
Notorious Creditors
- China: We're sure that owing billions will have no long-term effects.- Loan Sharks: Always open for business.
- Future generations.
Notorious Debtors
- Uncle Sam (the US government): 12 trillion in debt, but it's ok, they can print more money.- Bear Stearns, Goldman Sachs, AIG, CitiBank.
- Your little brother Joe. Where's my money, Joe?
The Word of the Month is created by Gymglish, in partnership with Le Monde.
Did you know? A premium version of the Word of the Month called WordFlashback is available. Check it out now!