You need to understand that debt was created out of thin air through ponzi scheme. Let me demonstrate the ponzi scheme; the Fed loans money to the govt by buying govt bonds, the govt uses that money for utilities, constructions, war, e.t.c. When govt are obligated to pay back the loans to the Fed, plus interest, where do they get the money from? In order to pay back the loan, they have to borrow more, since taxation and other monetary policies couldn't collect enough money for debt payment. Therefore the Fed has to print more money, recklessly, which is unconstitution, and buy more govt bonds. That's how debt is created from thin air. That's how ponzi scheme is operated. The Brettonwood system, which was abolished in 1971, would have prevented this soaring of debts
I think the problem is we aren’t giving enough money to Ukraine and Israel. We need to cut the CDC, FDA and social security to further fund theses conflicts.
@@miteshghadi3146 12 trillion of that is owed by the US government to other parts of the US government. US debt is also denominated in USD, meaning they can just print what they owe as long as the fiscal conditions exist. Lastly, the US government is also a creditor: for instance, the US government owes 1 trillion to Japan, but Japan owes 800 billion to the USA.
@@AB-fc8io Not all of the credit ratings agencies are based in the US. Also, US debt is denominated in USD, so they can just print USDs to pay their debt. Other countries can't say the same thing.
@@distinctga5811 They can't print money to pay their debt. Haven't you seen the inflation peaked to 9 pct when they did it? Even in india also most debt is public debt denominated on INR that doesn't mean india can print money and pay that debt. US Fed is reducing money supply to control inflation. Almost all the economist are saying now that USA is in debt spiral and can go into complete collapse in couple of decades. Because of the inflation and stagnant gdp growth forecast.
It's so sad to see this out of control government spending I don't know what's going to happen to our country but the poor and middle class are getting decimated by inflation
For every dollar of debt there is 1$ of balance. The debt to gdp ratio is high, but the „balance per gdp“ is also higher than ever before. Globally, this metric is just nonsense. You always have to ask who do we owe and who owes us? If I have 3000$ debt to my neighbor and he has 3000$ debt to me, and we both earn 2000$ per month, it wouldnt make sense to say we are bankrupt, now would it?
Why keep fighting this never ending debt. Instead, let's remove the very concept of money and let all who are gainfully employed have all the benefits of society from the cradle to the grave. God Bless.
Gold of the earth, debts of the mind, A chain unseen, we’re in its bind. Yet fields still bloom, and rivers sing, The heart finds peace where nature springs. The measure of wealth is not in the share, But in the roots that the humble repair. Leave the ledgers; embrace the sun- In the lap of the earth, we all are one.
Russia's debt-to-GDP ratio was reported as 14.90 percent in 2023. That's why many channel on you tube try to knock Russia, telling misinformation as they are famous for that they are going broke. Far from it, even there bank savings rates are anywhere from 12-24%...to keep inflation down as much as possible...government seems to care more as compared to North America at one time 0.5%
moving away is one option but takes time. the other option is to increase productivity and depreciate product prices for consumers, like china's over capacity prices. if cant increase productivity and compete, us adds tariff. this 'excess' usd will circulate inside country and will unlikely leave. inflation comes, currency will be revalued or removed from market. tariff also create a whole new business modal, 'black economy' which govt must now spend to counter like customs, courts and all. revenue from tariffs will be used for this. us debt is mostly internal, printing more to pay self will create more usd to circulate inside. if print more, it only gets worse. remember the product service is still cheaper outside of us.
This is how currency becomes obsolete. Paper or Digital (1's and 0's) is a System based upon Trust: I provide a service, you give me something of Value. Bartering and sweat equity is a tried and trued legitimate System.
Are you saying us or U.S. debt ceiling us us us us us 🫣🫣Correction am only wondering are you saying U.S. U.S. U.S. U.S.??????????????????? us us us us us us us us🤔🤔🤔🤔🤔 DONALD TRUMP want to remove us from the debt celing?? us us us us us OH well!!🤫🤫🤫. What ever🤪🤪🤗.
You need to understand that debt was created out of thin air through ponzi scheme. Let me demonstrate the ponzi scheme; the Fed loans money to the govt by buying govt bonds, the govt uses that money for utilities, constructions, war, e.t.c. When govt are obligated to pay back the loans to the Fed, plus interest, where do they get the money from? In order to pay back the loan, they have to borrow more, since taxation and other monetary policies couldn't collect enough money for debt payment. Therefore the Fed has to print more money, recklessly, which is unconstitution, and buy more govt bonds. That's how debt is created from thin air. That's how ponzi scheme is operated. The Brettonwood system, which was abolished in 1971, would have prevented this soaring of debts
I think the problem is we aren’t giving enough money to Ukraine and Israel. We need to cut the CDC, FDA and social security to further fund theses conflicts.
Credit Ratings:
USA = AA+
Japan = A+
India = BBB
Brazil = BB
Pakistan = CCC+
America still has to pay 36 .2 trillion dollars of debt
Credit rating was given by American company to American economy. So it's very accurate 😂😂😂
@@miteshghadi3146 12 trillion of that is owed by the US government to other parts of the US government. US debt is also denominated in USD, meaning they can just print what they owe as long as the fiscal conditions exist. Lastly, the US government is also a creditor: for instance, the US government owes 1 trillion to Japan, but Japan owes 800 billion to the USA.
@@AB-fc8io Not all of the credit ratings agencies are based in the US. Also, US debt is denominated in USD, so they can just print USDs to pay their debt. Other countries can't say the same thing.
@@distinctga5811 They can't print money to pay their debt. Haven't you seen the inflation peaked to 9 pct when they did it? Even in india also most debt is public debt denominated on INR that doesn't mean india can print money and pay that debt. US Fed is reducing money supply to control inflation. Almost all the economist are saying now that USA is in debt spiral and can go into complete collapse in couple of decades. Because of the inflation and stagnant gdp growth forecast.
All IMF and World Bank debtors should stop re-paying.
People that signed the loans are the one responsible for paying it.
Not the population.
Common sense.
Is not about loans.its also about government spending.
@redmondduhina9400
Is about the no value added social class.
That means the social leaches.
Need to return back to basics.
What they need to do is stop giving other countries money and free resources that alone would put us back on track.
It's so sad to see this out of control government spending I don't know what's going to happen to our country but the poor and middle class are getting decimated by inflation
Using one credit card to pay off another. Okay?
*who exactly, is the ‘world’ in debt to?*
Finally someone who can think on their own
This is the American dream, That's the world that those people intentionally have built
For every dollar of debt there is 1$ of balance.
The debt to gdp ratio is high, but the „balance per gdp“ is also higher than ever before.
Globally, this metric is just nonsense.
You always have to ask who do we owe and who owes us?
If I have 3000$ debt to my neighbor and he has 3000$ debt to me, and we both earn 2000$ per month, it wouldnt make sense to say we are bankrupt, now would it?
Bank must restrict just lending money, it must be based on hardship ext.
Why keep fighting this never ending debt. Instead, let's remove the very concept of money and let all who are gainfully employed have all the benefits of society from the cradle to the grave. God Bless.
Gold of the earth, debts of the mind,
A chain unseen, we’re in its bind.
Yet fields still bloom, and rivers sing,
The heart finds peace where nature springs.
The measure of wealth is not in the share,
But in the roots that the humble repair.
Leave the ledgers; embrace the sun-
In the lap of the earth, we all are one.
Absolutely agree,,if his withdraw all gold,, world bank,, destroy like empty shell,, only one person in this world we have ,,
Russia's debt-to-GDP ratio was reported as 14.90 percent in 2023. That's why many channel on you tube try to knock Russia, telling misinformation as they are famous for that they are going broke. Far from it, even there bank savings rates are anywhere from 12-24%...to keep inflation down as much as possible...government seems to care more as compared to North America at one time 0.5%
Back to gold
Its not like they will pay it. They will print more money. We need to move away from trading in USD
moving away is one option but takes time. the other option is to increase productivity and depreciate product prices for consumers, like china's over capacity prices. if cant increase productivity and compete, us adds tariff. this 'excess' usd will circulate inside country and will unlikely leave. inflation comes, currency will be revalued or removed from market. tariff also create a whole new business modal, 'black economy' which govt must now spend to counter like customs, courts and all. revenue from tariffs will be used for this. us debt is mostly internal, printing more to pay self will create more usd to circulate inside. if print more, it only gets worse. remember the product service is still cheaper outside of us.
I don't want to be in the chain, just print money for me will do...
I shall guarantee it wont cause inflation
We are Rome 😂😂😂
Debt to who? ImF😂.
would be informative who are the top lenders & by what percentage
Turn honest first
Begin of Revolution inUS.
Chinas debt to GDP ratio much worse
China found a mountain of gold
This is how currency becomes obsolete. Paper or Digital (1's and 0's) is a System based upon Trust: I provide a service, you give me something of Value. Bartering and sweat equity is a tried and trued legitimate System.
Can I hear a x a r and a p
Kaboom
USA, JAPAN, SINGAPORE
Donald dump WANT TO REMOVE us debt ceiling?!?!? Lol!!!
Are you saying us or U.S. debt ceiling
us us us us us 🫣🫣Correction am only wondering are you saying U.S.
U.S. U.S. U.S.???????????????????
us us us us us us us us🤔🤔🤔🤔🤔
DONALD TRUMP want to remove us from the debt celing?? us us us us us
OH well!!🤫🤫🤫. What ever🤪🤪🤗.
So maybe 100 trillion dollars next.
Indias debt
India no there
Stay out of Comments China 🇨🇳
China
Message warning ⚠️ from invisible strong ghosts lords voices 💀🌎☝️🇸🇪
There laws are not nicely to him 😏The lords will destroy there laws 🌎☝️💀🌈🌊🌪🇸🇪
Your accent is annoying
Don't watch then.