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) $66 trillion
**Total$454 trillion

Debtor and Creditor Nations in $US

Below are two lists based on the IMF List 2022 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 $31.632 trillion, and liabilities $47.804 trillion, far ahead of any other economy, a nett figure in the red of $16.172 trillion.

List One - 38 creditor nations

  1. Japan on $3.156 trillion
  2. Germany on $2.902 trillion
  3. China on $2.531 trillion
  4. Hong Kong on $1.761 trillion
  5. Taiwan on $1.371 trillion in 2020 (but no longer reported)
  6. Norway on $1.179 trillion
  7. Singapore on $822 billion
  8. Switzerland on $797 billion
  9. South Korea on $771 billion
  10. Netherlands on $769 billion
  11. Saudi Arabia on $707 billion
  12. Canada on $656 billion
  13. *Russia on $485 billion in 2021 (unreported in 2022)
  14. Euro area on $457 billion
  15. Belgium on $341 billion
  16. Denmark on $232 billion
  17. Sweden on $199 billion
  18. Israel on $159 billion
  19. Argentina on $124 billion
  20. Kuwait on $105 billion
  21. Italy on $97 billion
  22. Austria on $84 billion
  23. South Africa on $77 billion
  24. Cayman Islands on $62 billion in 2021 (unreported in 2022)
  25. Algeria on $44 billion
  26. Luxembourg on $39 billion
  27. Mauritius on $33 billion
  28. Timor-Leste on $20 billion in 2021 (unreported in 2022)
  29. Uzbekistan on $19 billion
  30. Bahrain on $16 billion
  31. Malaysia on $12 billion
  32. Malta on $9 billion in 2021 (unreported in 2022)
  33. Iceland on $7 billion
  34. Trinidad and Tobago on $7 billion
  35. Botswana on $5 billion
  36. West Bank and Gaza on $3 billion
  37. Eswatini on $1 billion
  38. Namibia on $1 billion

Totalling $ trillion

*Probably higher. There is a discrepancy of $5.227 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 - 99 debtor nations

  1. USA on $16.172 trillion
  2. Spain on $865 billion
  3. Brazil on $796 billion
  4. France on $671 billion
  5. Australia on $634 billion
  6. Ireland on $631 billion
  7. Mexico on $615 billion
  8. India on $400 billion
  9. United Kingdom on $324 billion
  10. Greece on $318 billion
  11. Turkiye on $316 billion
  12. Indonesia on $252 billion
  13. Egypt on $248 billion
  14. Poland on $233 billion
  15. Portugal on $216 billion
  16. Colombia on $179 billion
  17. Pakistan on $133 billion
  18. Romania on $123 billion
  19. New Zealand on $123 billion
  20. Peru on $106 billion
  21. Sudan on $93 billion in 2021 (unreported in 2022)
  22. Hungary on $89 billion
  23. Nigeria on $81 billion
  24. Morocco on $78 billion
  25. Bangladesh on $76 billion
  26. Tunisia on $74 billion
  27. Slovakia on $71 billion
  28. Panama on $71 billion
  29. Mozambique on $70 billion
  30. Kazakhstan on $67 billion
  31. Dominican Republic on $63 billion
  32. Kenya on $62 billion in 2021 (unreported in 2022)
  33. Czech Republic on $59 billion
  34. Chile on $55 billion
  35. Serbia on $53 billion
  36. Jordan on $52 billion
  37. Mongolia on $42 billion
  38. Philippines on $40 billion
  39. Cambodia on $39 billion
  40. Tanzania on $38 billion in 2021 (unreported in 2022)
  41. Costa Rica on $38 billion
  42. Uganda on $28 billion
  43. Zambia on $28 billion
  44. Cyprus on $28 billion
  45. Georgia on $28 billion
  46. Cote d'Ivoire on $27 billion in 2021 (unreported in 2022)
  47. Ecuador on $26 billion
  48. Jamaica on $25 billion
  49. Belarus on $24 billion
  50. Ghana on $23 billion
  51. Angola on $22 billion
  52. Thailand on $22 billion
  53. Croatia on $19 billion
  54. Nicaragua on $18 billion
  55. Senegal on $18 billion in 2021 (unreported in 2022)
  56. Honduras on $17 billion
  57. El Salvador on $16 billion
  58. Uruguay on $15 billion
  59. Paraguay on $14 billion
  60. Bulgaria on $13 billion
  61. Niger on $13 billion in 2021 (unreported in 2022)
  62. Mali on $13 billion in 2021 (unreported in 2022)
  63. Latvia on $11 billion
  64. Armenia on $11 billion
  65. Republic of Congo on $9 billion in 2021 (unreported in 2022)
  66. North Macedonia on $9 billion
  67. Rwanda on $9 billion
  68. Albania on $9 billion
  69. Bolivia on $9 billion
  70. Eastern Caribbean Currency Union on $9 billion
  71. Kyrgyzstan on $8 billion
  72. Montenegro on $8 billion
  73. Estonia on $8 billion
  74. Malawi on $6 billion in 2021 (unreported in 2022)
  75. Madagascar on $6 billion
  76. Fiji on $6 billion
  77. Moldova on $6 billion
  78. Guatemala on $6 billion
  79. Bosnia and Herzegovina on $6 billion
  80. Lithuania on $5 billion
  81. Finland on $5 billion
  82. Tajikistan on $4 billion
  83. Ukraine on $3 billion
  84. Cabo Verde on $3 billion
  85. Aruba on $3 billion
  86. Bhutan on $3 billion
  87. Djibouti on $3 billion
  88. Suriname on $3 billion
  89. Antigua and Barbuda on $2 billion
  90. Grenada on $2 billion
  91. Kosovo on $2 billion
  92. Liberia on $2 billion
  93. St Vincent and the Grenadines on $2 billion
  94. St Lucia on $1 billion
  95. Slovenia on $1 billion
  96. Anguilla on $1 billion
  97. Lesotho on $1 billion
  98. Seychelles on $1 billion
  99. St Kitts and Nevis on $1 billion

Totalling $ trillion

Regarding Australia's debtor nation status in fifth 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 :-)

Ok Australia's Federal Net debt in bonds is now about $270 billion
$620 billion in July 2021

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
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
$3.5 trillion in 2021		$2.3 trillion
Gross: Overseas investors (in Australia residents)
DFAT Link
$3.2 trillion in 2014
$4.0 trillion in 2020 click here for a recent AFR article		 
less: Australian investors (in overseas resident)
DFAT Link
$2.2 trillion in 2014
$3.0 trillion in 2020		 
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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