Debt
This Chinese kid is richer than you.
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Debt

Name 2 + 1 equals ?

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rofl (Friday, 30 Oct 2009) Reply
And he just bought the Hummer factory
LMAO (Saturday, 31 Oct 2009)
Who wants French crap?
Zhopa (Saturday, 31 Oct 2009)
What's all your fascination with hummers, anyway?
My guess is the kid is going to take the money from the discarded wires and buy a toaster. They'll probably give him/her a US bank as a premium.
Uncle Larry (Friday, 30 Oct 2009) Reply
Here we go, get ready for some good old American bashing comments.
Notmyrealname (Saturday, 31 Oct 2009)
Bash those Americans! Bash them! Bash them! (Actually, this applies to Canada, Britain, and much of Europe as well.)
What? (Friday, 30 Oct 2009) Reply
Yeah, but mine are real dollars.
hejhula (Saturday, 31 Oct 2009)
And that is good or bad?
What?What? (Saturday, 31 Oct 2009)
As opposed to monopoly money?
You heard me (Saturday, 31 Oct 2009)
Boy, are you in for a shock.
1 dollar bill (Saturday, 31 Oct 2009) Reply
now they're called "debt bills". Get used to it.
Cite Your Source (Saturday, 31 Oct 2009) Reply
I question the validity of these figures. I guarantee that the kid in the photo is not richer than me.
I wonder how China's quality of life compares to that of the U.S.?
Notmyrealname (Saturday, 31 Oct 2009)
I tend to agree that the facts have probably gotten way skewed on this. Someone on Welfare in the U.S. (or Canada or elsewhere) probably makes way more than this kid in real money. If it doesn't make sense then it probably doesn't. I think the point, however, is that while he may not have a lot, he's willing to actually WORK for it, unlike many in North America (and yes, not just the U.S. this time).
Bobdole (Sunday, 8 Nov 2009)
The picture is presenting the LITERAL net worth of each person in the world economy.
You may have more money then this child with-in your respective countries, but in the world economy the United States is in so much debt, each American owes roughly $120,000 to other countries and banks. Were is China is the country doing the lending of money, so they have a net profit of $363 per person.
http://www.usdebtclock.org/
Waitwhat (Saturday, 31 Oct 2009) Reply
Yeeeehaaaaa! *bam* *bam*!
Europpe! (Saturday, 31 Oct 2009) Reply
So the average american is beyond broke.
That does not bode well. I wonder how much money u make in USA picking up discarted wires
Notmyrealname (Saturday, 31 Oct 2009)
ROFL!
bob (Saturday, 31 Oct 2009) Reply
naa he isnt richer just one guy is like a trillion dollars in debt
i got a positive balance in my account
Notmyrealname (Saturday, 31 Oct 2009)
One example does not a statistic make. I think Wikipaedia has a very good explanation of the word "average".
Zelda (Saturday, 31 Oct 2009) Reply
Thank you Ronald Reagan.
Notmyrealname (Saturday, 31 Oct 2009)
He was a Republican, wasn't he... [;)))
I Hate Zelda Fan Club (Saturday, 31 Oct 2009)
Yes, things were so much better under Jimmy Carter. Go back to the HuffnPuff you insufferable partisan stooge.
Zenda (Saturday, 31 Oct 2009)
Ronnie deliberately turned America into a debtor nation, turned a $20B deficit into $120B, and was dedicated to shoveling all our hard-earned tax dollars across the Pacific. He pretty much set America on the path of destruction which culminated with Bush Jr.
Endless Chinese credit does wonders to cover up stupid, short-sighted economic policies. The pic above shows the result.
(And remember that Ronnie also first recruited Osama bin Laden & created al Qaeda, but that's another story.)
Uncle Larry (Saturday, 31 Oct 2009)
Let's not forget who will overshadow all other presidents combined now.
Check out what Obama is doing in this link LOLOLOLOL
http://blog.heritage.org/2009/03/24/b...icit-in-pictures/
zhopa (Monday, 2 Nov 2009)
Rather than blame a long-dead president for your problems, why not blame either the source of your problems, or more effectively still, figure out a way to fix them? Me, I have my failings, and I know that I am to blame for them, not Reagan, Carter, Nixon, Obama, or Bush I or II.
Most partisan tools would rather blame other people than take responsibility for their own lives, and so I relax in the warm glow of the inevitable blame you will spew in my general direction. However, as zhopa, I bask in your feckless bile. They will be quality diatribes, I am sure.
Skippy (Saturday, 31 Oct 2009) Reply
that a great idea Uncle Larry......how is Aunty Pat anyway?
Uncle Larry (Saturday, 31 Oct 2009)
She left me for that guy who repairs my tractor. She went on how he treats her like the queen she is. That's OK, now I have time to go bowling and fishing more. By the way, tell your mother thanks for the singing fish on a plaque. Every time I poop it sings to me on the wall. It's not so lonely here any more.
Iamfastenough (Saturday, 31 Oct 2009) Reply
you mean RMB stronger than USD ? now ??
KJ (Saturday, 31 Oct 2009) Reply
I wish I was in debt "only" $2490.
yuitt (Saturday, 31 Oct 2009) Reply
And therefore we must legalize children labour.
80 to 60 years ago it was normal for a 10 year old to profit for his family. And from that generation later grew our current millionaire/billionaire generation (disregard some of the "new generation" millionaires. They're t***s and they already are loosing to this crysis because of their unexperience).
I want my coal mined by children! Pronto!
Huh (Saturday, 31 Oct 2009) Reply
How is he richer than me? I'm not from the US. I'm from Transylvania.
Captain Not Quite Obvious, But Not Vague Either (Saturday, 31 Oct 2009) Reply
Okay, I'm guessing this is talking about the US's national debt and relating it that way. Because the average American can't possibly have less than a person with only $363 in their account. The average income per capita is significantly higher in the US than in China.
I call bullshit. And therefore FAIL & not funny.
zhopa (Saturday, 31 Oct 2009)
Well, captain not as obvious as you think, if you
1) bought a car for $20,000 at the dealership and financed,
2) bought a house with 10% down mortgage, and
3) have a credit card,

After driving the car for a week, you owe more than its worth. Since the housing bubble busted, you owe a LOT more than its worth on your house. Finally, since you charged something on your card (why else would you have one?), you're negative there, too. Easy minus $30,000 or so. Hope you have that in savings, or the kid who collects discarded wires is a freaking millionaire compared to you, and is your (financial) intellectual superior.
Captain Not Quite Obvious (Sunday, 1 Nov 2009)
Well zhopa, speaking for myself I'm not in debt. There's also something called "asset". I own a home and 2 businesses. And 2 cars. So even if my money were slightly in the negative, you measure a person's networth by their total assets and what they receive from income. A kid collecting wires is not "richer" than me just as I'm not richer than Michael Jackson even though Michael Jackson was in debt. He was still living in a mansion, getting a large income from royalties, had personal chauffeurs & bodyguards.
zhopa (Monday, 2 Nov 2009)
well, cap'n, your being in that position brings the number of americans I know whose net worth is positive up to one.

We're splitting hairs, here, though as to what wealth is. To me, wealth is being able to get drunk when I want to. To someone else, wealth is a million dollars in the bank, which is arguably the worst possible place for it. You may be astute enough to have your money in assets that produce income, but many here do not. The average assets of the average american is a car that they're on the wrong side of, a mortgage that they're on the wrong side of, and personal debt. All these are items that do not produce income, and they're just a big, stinky turd on their personal balance sheet.

For example, you may own rental property and be negative on it, but the income and the underlying real estate's appreciation may well bring the value of the asset into the positive side. In that circumstance, you *are* richer than the wire kid. I salute you.
father jack (Sunday, 1 Nov 2009) Reply
lol thats pretty bad considering China has a billion more people than the US, glad im not american
**** Haters (Monday, 2 Nov 2009)
We're glad you're not either.
wow (Monday, 2 Nov 2009) Reply
I have more money than a Chinese kid wooohooo
Stupid American (Monday, 2 Nov 2009) Reply
The yuan is not a floating currency - the exchange rate is fixed to 1993 US dollars, if I'm not mistaken. How do you think their huge export growth has occurred?
user (Monday, 2 Nov 2009) Reply
I guess it could be national debt divided by the count of U.S. citizens.
CaptComic (Sunday, 15 Nov 2009) Reply
Who would put money in a bank? Money needs to be working for you.
And Zhopa: Shenanigans. What tiny fraction of one percent percent of US citizens just bought a new car and bought a house right before the bubble burst? I bought in 1999 and can still sell my house for twice what I paid. Of course, I can't sell it for four times what I paid, but whatever. If all homeowners are randomly distributed over 30 year mortgages, then, at most, two in thirty are upside down, if all of those made no down payment. Whatever.