Thoughts on Mammon

Below are two lists based on the IMF List in 2016 of debtor and creditor nations by Net international investment position

What it does is take the net position: Total external assets (owned in other countries) of every individual , company, and government institution, then subtracts the total external liabilities.

1. The 26 creditor nations listed in US$ are

  1. Japan on $3.067 trillion
  2. Germany on $1.797 trillion
  3. China on $1.747 trillion
  4. Hong Kong on $1.181 trillion
  5. * Taiwan on $1.054 billion
  6. Switzerland on $839 billion
  7. Norway on $733 billion
  8. Singapore on $635 billion
  9. Saudi Arabia on $588 billion
  10. United Kingdom on $576 billion
  11. Netherlands on $558 billion
  12. South Korea on $278 billion
  13. Russia on $227 billion
  14. Belgium on $220 billion
  15. Denmark on $164 billion
  16. Canada on $140 billion
  17. * Macau on $129 billion
  18. Israel on $106 billion
  19. Sweden on $81 billion
  20. * Mauritius on $30 billion
  21. Austria on $19 billion
  22. * Luxembourg on $18 billion
  23. Finland on $16 billion
  24. * Malaysia on $15 billion
  25. Luxembourg on $13 billion
  26. * Malta on $5 billion

* Included in separate report

Totalling $ trillion


2. The 23 debtor nations listed in US$ are

  1. USA on $8.110 trillion
  2. Spain on $1.006 trillion
  3. Australia on $739 billion
  4. Brazil on $717 billion
  5. Ireland on $519 billion
  6. Mexico on $482 billion
  7. * Indonesia on $413 billion
  8. France on $370 billion
  9. * India on $361 billion
  10. Turkey on $356 billion
  11. Italy on $326 billion
  12. Poland on $274 billion
  13. Greece on $253 billion
  14. Portugal on $204 billion
  15. New Zealand on $120 billion
  16. Hungary on $70 billion
  17. Chile on $53 billion
  18. Slovakia on $50 billion
  19. Czech Republic on $46 billion
  20. * Cyprus on $29 billion
  21. * Philippines on $29 billion
  22. Slovenia on $14 billion
  23. Estonia on $8 billion

* Included in separate report

Totalling $ trillion

Regarding Australia in third position, ever since we were first settled we’ve relied on other countries to invest in us, to help us get going. And our public service has always been somewhat top heavy.
See the chart below for how much we are individually and corporately in debt to "managed funds" (in Australia as well as overseas).

Mammon and Babylon — Matthew 6:19-24   Luke 16:1-13   Revelation 17:1-5   Zechariah 5:1-11

Revelation 17:5 And upon her forehead was a name written, MYSTERY, BABYLON THE GREAT, THE MOTHER OF HARLOTS AND ABOMINATIONS (foul stenches) OF THE EARTH.

Click here re the Four Horsemen, Simon the Pharisee, Judas, and Paul's attitude to taking up a collection.

Click here re the History of Money and click here re the History of Inflation.

On May 28, 2014 6:49 PM, "Stephen Williamson" wrote:

Subject: Chatting about mammon - the great "mamma" this morning :-)

Ok Australia’s Federal debt in bonds is now about ** $270 billion
** $551 billion in 2017

Total State and Territory debt in bonds about $230 billion
Private company debt in bonds about $720 billion
So, bonds investment: $1.22 trillion

Total private housing debt about $870 billion
Total investment housing debt about $410 billion
So, housing: $1.28 trillion

Private credit card debt and personal borrowings $140 billion
Private company borrowings from banks, etc about $730 billion
So, other borrowings: .87 trillion

Total Australian Debt $3.37 trillion, roughly, in May 2013 click here

So who is in the black?

Various Australian Managed Funds (excluding “cross-investments”) — superannuation (about 75% of the total),
public unit trusts&life insurance (about 25% of the total)
ABS Link: $2.3 trillion
$2.3 trillion
Gross: Overseas investors (in Australian currency)
AFR Link   DFAT Link: $3.2 trillion
 
less: Australian investors (in overseas currency)
DFAT Link: $2.2 trillion
 
Nett from Overseas Investment
ABS Link: $1.0 trillion
$1.0 trillion
Leaving a balance, roughly, for banks and other investors in Australia to supply:$70 billion
Total:$3.37 trillion

Yep, we’ve relied hugely on overseas investment since 1788 — starting with those famous IOU's written in 1793 for 7,500 bottles of overseas rum, authorized by the British Regiment's Paymaster — but with so much now available in our own superannuation and insurance and trust funds, the percentage of nett overseas investment has actually dropped.

So, while Mr Abbott and Mr Hockey are doubtless wise in endeavouring to, very gradually, reduce the $300 billion owing in federal bonds, those other figures do help to bring it all into a better perspective, with all the shouting that’s going on.

Thank you Lord, yes, to rest in you, to look to you, our loving heavenly Father, for each coming day’s needs.

“give us day by day, the bread for each coming day” as several translations put it.

Blessings all :-) Steve