Physical Wealth

In 2019, a brief summary of regions with liquid assets and liabilities – a very, very rough picture 

RegionGross AssetsDebtNett
North America (USA and Canada)€79 trillion€15 trillion€64 trillion
Latin America€3½ trillion€1 trillion€2½ trillion
Western Europe€36 trillion€11 trillion€25 trillion
Eastern Europe (includes Turkey and Russia)€2½ trillion€1 trillion€1½ trillion
Asia (includes Israel)€47 trillion€12 trillion€35 trillion
Australia and New Zealand€3.758 trillion€1.633 trillion€2.125 trillion

Allianz
This table (click here for a full list of countries) is based on each region's gross financial household assets measured in euros by Allianz – currency stocks and bonds at current market values, with a separate column for debt, including mortgage debt. Total gross assets equals €172 trillion. Nett assets €130 trillion.
Its list of countries does not include Africa or the Middle East (other than Turkey, Israel and South Africa).
In Australia perhaps 90% of total debt is property loans, however current house and land values are not included in Gross Assets.

Credit Suisse
Click here for a full list of countries (including Africa and Middle East) showing Total Net Wealth (assets less liabilities) by Credit Suisse in 2019 US $114 trillion China $US 64 trillion Australia $US 7 trillion.
In 2023 US $140 trillion China 84 trillion Australia 10 trillion.

In contrast with Allianz it includes Non-Financial private assets, mostly House and Land at current values. Total wealth overall equals in 2019 $US 360 trillion, in 2023 $US 454 trillion.

Click here to view the Credit Suisse report as a PDF file.

 

Australian Households total Net Wealth, including current house and land values (in AU dollars) is $AU 10 trillion, spread over 10 million households. An average net wealth of $AU 1 million per household, with the Australian Federal Government having a AAA credit rating worldwide.

Click here for Australia's Wealth Details (by household and by adult).

Luke 16:9-13 No servant can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. You cannot serve God (the Father) and Mammon.
In Greek Mamonas, Big "Mama", a word apparently first recorded in Aramaic around Jesus's era as the personification of riches Mammon

Thoughts on Mammon

Mishnaic Hebrew Hamon-accumulation,uproar,disquiet Psa 39:6

Household Wealth (Nett) by Nation in $US

Based on List by UBS and Credit Suisse published in 2023
plus List of countries by number of households

Country ▲▼Households (millions)Household Wealth $US (trillions)Average Wealth $US
US1321401,060,000
China52284161,000
Japan5522400,000
Germany4017425,000
UK2916550,000
France3016533,000
India3001550,000
Canada1511733,000
Italy2511440,000
South Korea2310435,000
Australia10101,000,000
Spain178470,000
Taiwan95555,000
Netherlands85625,000
Mexico345147,000
Switzerland451,250,000
Brazil64462,500
Russia56471,400
*Others (155 countries)937$66 trillion71,200
**Total2300$454 trillion197,000

Debtor and Creditor Nations in $US

Below are two lists based on the IMF List 2023 of debtor and creditor nations by Net international investment position.

According to the IMF, the International Investment Position (IIP) is a statistical statement that shows at a point in time the value of financial assets (bonds, money market or other account holdings, equity stakes and financial derivatives) of residents of an economy that are claims on nonresidents, or are gold bullion held as reserve assets – and the liabilities of residents of an economy to nonresidents.
In the US, their assets total $34.399 trillion, and liabilities $54.252 trillion, far ahead of any other economy, a nett figure in the red of $19.853 trillion.

List One - 40 creditor nations

  1. Japan on $3.321 trillion
  2. Germany on $3.197 trillion
  3. China on $2.908 trillion
  4. Hong Kong on $1.785 trillion
  5. Taiwan on $1.735 trillion in 2023 (reported by CEIC data)
  6. Norway on $1.503 trillion
  7. Canada on $1.268 trillion
  8. Switzerland on $904 billion
  9. *Russia on $882 billion (reported by CEIC data Sep 2023)
  10. Singapore on $860 billion
  11. South Korea on $810 billion
  12. Saudi Arabia on $785 billion
  13. Euro area on $646 billion
  14. Netherlands on $624 billion
  15. Belgium on $421 billion
  16. Israel on $212 billion
  17. Sweden on $205 billion
  18. Denmark on $202 billion
  19. Italy on $161 billion
  20. Kuwait on $113 billion
  21. South Africa on $109 billion
  22. Argentina on $108 billion
  23. Austria on $87 billion
  24. Algeria on $49 billion
  25. Mauritius on $47 billion
  26. Thailand on $37 billion
  27. Luxembourg on $30 billion
  28. Finland on $30 billion
  29. Malaysia on $27 billion
  30. Timor-Leste on $18 billion
  31. Bahrain on $16 billion (unreported in 2023)
  32. Uzbekistan on $13 billion
  33. Iceland on $12 billion
  34. Andorra on $11 billion (unreported in 2023)
  35. Trinidad and Tobago on $10 billion
  36. Botswana on $5 billion
  37. West Bank and Gaza on $4 billion
  38. Slovenia on $2 billion
  39. Eswatini on $1 billion
  40. Lithuania on $1 billion

Totalling $ trillion

*Probably higher. There is a discrepancy of $6.846 trillion between dollars invested by creditor nations, and dollars in debt by debtor nations. Gold reserves, plus SDR reserves in the IMF and the Bank for International Settlements should normally make the creditor total higher. However unregulated Eurobonds — first issued in London in 1963 — with Eurodollars in 2016 estimated at $13 trillion & others may account for this figure. Secrets.

List Two - 89 debtor nations

  1. USA on $19.853 trillion
  2. United Kingdom on $1.05 trillion
  3. Brazil on $975 billion
  4. France on $911 billion
  5. Spain on $853 billion
  6. Mexico on $729 billion
  7. Ireland on $592 billion
  8. Australia on $570 billion
  9. India on $370 billion
  10. Greece on $341 billion
  11. Poland on $280 billion
  12. Turkiye on $276 billion
  13. Egypt on $265 billion
  14. Indonesia on $261 billion
  15. Portugal on $213 billion
  16. Colombia on $191 billion
  17. Romania on $142 billion
  18. New Zealand on $133 billion
  19. Pakistan on $130 billion
  20. Peru on $106 billion
  21. Hungary on $93 billion
  22. Bangladesh on $92 billion
  23. Nigeria on $88 billion
  24. Morocco on $82 billion
  25. Tunisia on $73 billion (unreported in 2023)
  26. Slovak Republic on $73 billion
  27. Panama on $72 billion
  28. Dominican Republic on $70 billion
  29. Mozambique on $68 billion
  30. Kazakhstan on $68 billion
  31. Chile on $64 billion
  32. Serbia on $56 billion
  33. Philippines on $51 billion
  34. Jordan on $51 billion (unreported in 2023)
  35. Czech Republic on $43 billion
  36. Tanzania on $42 billion (unreported in 2023)
  37. Mongolia on $41 billion
  38. Costa Rica on $39 billion
  39. Cambodia on $38 billion
  40. Cyprus on $32 billion
  41. Georgia on $30 billion
  42. Zambia on $28 billion
  43. Oman on $26 billion (unreported in 2023)
  44. Uganda on $25 billion (unreported in 2023)
  45. Jamaica on $24 billion
  46. Ecuador on $24 billion
  47. Ghana on $23 billion (unreported in 2023)
  48. Angola on $20 billion
  49. Belarus on $19 billion
  50. Honduras on $19 billion
  51. Croatia on $18 billion
  52. El Salvador on $18 billion
  53. Nicaragua on $18 billion
  54. Uruguay on $17 billion
  55. Paraguay on $15 billion
  56. Niger on $14 billion (unreported in 2023)
  57. Mali on $13 billion (unreported in 2023)
  58. Guyana on $12 billion (unreported in 2023)
  59. Armenia on $11 billion
  60. Ukraine on $11 billion
  61. Latvia on $11 billion
  62. Bolivia on $11 billion
  63. Albania on $10 billion
  64. Rwanda on $10 billion
  65. Eastern Caribbean Currency Union on $9 billion
  66. North Macedonia on $9 billion
  67. Estonia on $9 billion
  68. Montenegro on $8 billion
  69. Bulgaria on $8 billion
  70. Kyrgyzstan Republic on $8 billion (unreported in 2023)
  71. Malawi on $8 billion (unreported in 2023)
  72. Burkina Faso on $7 billion (unreported in 2023)
  73. Benin on $7 billion (unreported in 2023)
  74. Moldova on $6 billion
  75. Bosnia and Herzegovina on $6 billion
  76. Madagascar on $6 billion (unreported in 2023)
  77. Fiji on $6 billion (unreported in 2023)
  78. Bhutan on $4 billion
  79. Tajikistan on $3 billion
  80. Cabo Verde on $3 billion
  81. Guatemala on $3 billion
  82. Suriname on $3 billion
  83. Kosovo on $2 billion
  84. Grenada on $2 billion
  85. St Vincent and the Grenadines on $2 billion
  86. St Lucia on $1 billion
  87. Anguilla on $1 billion
  88. St Kitts and Nevis on $1 billion
  89. Seychelles on $1 billion

Totalling $ trillion

Regarding Australia's debtor nation status in 8th 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 a recent 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 :-)

Australia's Federal Net debt in bonds is now about $270 billion
Total State and Territory debt in bonds about $230 billion
(Federal and State net debt reached $784 billion in 2022-23)

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
according to an article (no longer available) at www.news.com.au /national /quality-over-quantity-matters-in-debt/story

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 in 2014
$3.8 trillion in 2023		$2.3 trillion
Gross: Overseas investors (in Australia residents)
DFAT Link
$3.2 trillion in 2014
$4.6 trillion in 2023 click here for a recent AFR article		 
less: Australian investors (in overseas resident)
DFAT Link
$2.2 trillion in 2014
$3.8 trillion in 2023		 
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

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