And you can't even print your own money to pay of that debt or borrow yourself out of it... No wait. That does not sound right!? But that's what countries do.
Everyone in Europe and the U.S. complain about immigration, but what no one bothers to see how it starts. Libya what's doing very good, till they decided to dump the Dollar and go to gold standard. France and U.S gave them some democracy a lot Libyans migrated to France and Spain. The U.S has an immigration crisis on the border with Mexico, the immigrants are mainly from Venezuela, Honduras and Haiti. Venezuela the west totally destroyed their economy, cause their different political points of view, calling them selfs Chavistas and not selling their oil cheap to the U.S. In the case of Honduras and Haiti they don't have oil or natural resources nothing of value to help them or invade them.
@@ddillard143 All governments bail out bankers Therefore, when comparing capitalism to communism, they are the same for bankers and all big business that are too big to fail. You see, when profitable, they are capitalism, when they are in trouble and about to collapse, they are communism. Communism because all the people in a country have to share in the lost of the businesses or bankers . Such lost is shared equally through a financial bailout from the people money through the government. Therefore capitalism is for the poor; let the market dictate your position in life Communism is for the rich, share your losses equally with the masses.
Norway has about 1000 billion US dollars "in the bank", and about 50 billion US dollars of dept. The dept is just for cashflow reasons. Norway is a real country unlike the mini states mentioned in the video.
The "cash flow reasons" is exactly why countries borrow in the first place. That 50 billion USD of debt helps Norway's economy. If you're looking for countries that are net lenders then that list is pretty large.
Macao is definitely not a country, it's just a special administrative region , SAR of China.It's even smaller than the island where I live in,Labuan,a federal territory of Malaysia.Please take note.
@@pablosabhlok the Federal Reserve in the US is not part of the government. They are a private bank. The US didn't have debt or federal income tax until the banking cartel took over the country. It's a big money theft program. Woodrow Wilson was the worst president ever. He ruined the country.
Wrong place , no Religion is great then others.. keep your religion in your home.. stop bringing religion everywhere like an idiot.. nobody cares about religion anymore
18 months ago I had no personal debt with about $5000 in savings plus what I had in my 401K and personal IRA plans. I was very foolish in thinking I was okay. When some unexpected events happened including major car problems and more recently unexpected surgery, I went into way more debt than I am comfortable with. I wished more countries would take the steps necessary in becoming debt free but saving for a rainy day and avoid making the same kind of stupid choices I have made.
No one, anywhere, should go into debt because of illness. I can't believe that USA citizens don't have universal health care. It's a no-brainer. Meanwhile your governments of both stripes spend trillions on military toys, most of which are probably antiquated. Future wars will no doubt be fought with drones and by hacking.
countries are like a person they take debts so that the GDP they earns each year could be invested in other opportunities and taking debts for their spending needs
More countries could be without debt but its not a bad thing to have debt. Countries debt works in another way than debt that people have. For example have Sweden for years had the possibility to loan money and get payed to loan (if Sweden loans 1,1 billion the country only back like 1 billion)
countries are like a person they take debts so that the GDP they earns each year could be invested in other opportunities and taking debts for their spending needs
So be small and either have a lucrative resource earning substantial nationalized royalties or import your wealth from other nations' finances directly via being a tax haven, a gambling haven or a financial dependent of another government while being dependent on a neighboring military power for defense; or alternatively be so dysfunctional that no- one can determine what your actual debt is.
@@jascrandom9855 Capitalism relies on growth to fund necessary capital investment. To pay the upfront costs of this investment, you need to leverage expenditure on these costs against future returns, either by debt or more problematically by a buy then lease system. While some economies have tried to move towards funding all their needs by private enterprise debt and investment, problems with some necessary goods and services not earning comparatively enough return, with speculation distortion, and with monopolies/ oligopolies price gouging have always driven capitalist economies back towards some public investment. Taxation alone rarely provides enough funds to consistently fund this investment. So you either raise debt with a source of immediate funds, or have state owned or directly state paid resources funding this investment. No other alternative system has worked even over the medium term for nations with anything like an independent economy.
@@bluecedar7914 Governments are supposed to take a counter cycle approach to Fiscal policy, but since the 80's most have not done that. Go on surplus during good times, and spend in deficit during bad times. Personally, i would replace all taxes with Land Value Taxation as a single tax, and balance it with Universal Basic Income. Have by Law charge in taxes 5% more than what it plans to spend. The extra money would be reserved for emergencies only. LVT is the only tax that doesn't distort the market in any way. While UBI does the same for the labor market. So the economy should be able to work at its maximum efficiency.
@@drdaver Be a small country and collectively own a source of great wealth, import your wealth and defense from somewhere else or be so dodgy at borrowing money that no- one can keep track of your debts. That's about as simply as I can say it. 🙂
I would have never guessed that a remote island like Niue would be the first country to have full access to free WiFi. Ussually remote islands have no internet at all or very slow internet.
It's only expressed in USD so it's comparable apples to apples etc. Also, Americans don't know other countries exist with their own money, so we have to make it real simple for them
Yeah but the sultan has a harem and several garages full of rolls royces. Oil money doesnt last for long tho, and the dinosaurs arent dying fast enough to replenish the oil remaining.
this article 3 years ago usa debt 22 trillion , today (2022) , you know how much , you are going to scream "WTF" ,.......here it comes 31 trillion. we are pretty screwed.
Its one thing for the country to have no debt, its another for its citizens to enjoy buying and selling freely. Try finding a McDonald's, Starbucks or Macy's in those places! In S. Sudan its the government leaders that are getting rich, while citizens struggle, most never even seeing a donut, or riding a roller coaster. No birthday celebration parties either. Culture is different that ill say. Still a nice ball park comes any every language, however hard to find in in both Sudan and S. Sudan. Their government officials prefer to keep the most of the billions for themselves.
He didn't do too bad a job, for an American. But I thought he contradicted himself from the start of the video when he said he wasnt going to include countries like Andorra and San Marino.
Wait a minute, are you saying that Macau has $65.7 trillion or $65,732 billion or you mean $65.7 billion (you said 65 thousand seven hundred thirty two billion which is $65.7 trillion) GDP? USA has $20.5 trillion as of end of 2018 and it is the biggest economy in the world.
Many people don't understand the word "debt", they just look at the figures. There are 4 important things to consider when talking of debt. 1. How much is the debt, 2. who is the debt owed to, 3. what was the money borrowed for or used for and 4. the ability to pay back the debt. A country may owe debt but the debt is "internalized" that is domestic debt are as against external debts that are more difficult to service and eat into a country's national outputs and leave limited resources for development. A country's debt may look big but the debt constitutes a small percentage of a country's total outputs. That a country indebted to the tune of $100 billion but the gross domestic product a year is $1 trillion dollars. Hence, the rate of GDP to debt ratio is 10. That mean the debt to national output ratio is low. The United GDP is very high related to it's debt.
Blessed is the nation whose God is the LORD (YAHWEH); and the people whom he hath chosen for his own inheritance." (Psalm 33:12) "I am the LORD: that is my name: and my glory will I not give to another, neither my praise to graven images." (Isaiah 42:8) But the LORD is the true God; He is the living God and the everlasting King. At His wrath the earth will tremble, And the nations will not be able to endure His indignation. (Jeremiah 10:10) "For the LORD is great, and greatly to be praised: he is to be feared above all gods. For all the gods of the nations are idols: but the LORD made the heavens." (Psalm 96: 4-5) "Worship the LORD your God, and His blessing will be on your food and water. I will take away sickness from among you." (Exodus 23:25) O worship the LORD in the beauty of holiness: fear before Him, all the earth. (Psalm 96:9) "The LORD hears his people when they call to him for help. He rescues them from all their troubles." (Psalm 34:17) "The earth and everything on it, including its people, belong to the LORD." (Psalm 24:1) "Who is like the LORD our God, who is seated on high, who looks far down on the heavens and the earth? He raises the poor from the dust and lifts the needy from the ash heap." (Psalm 113:5-7) "Who forgives all your sins and heals all your diseases". (Psalm 103:3) Jesus said, “I am the way, the truth, and the life. No one comes to the Father (YAHWEH) except through me” (John 14:6) That if you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead, you will be saved. For with the heart one believes unto righteousness, and with the mouth confession is made unto salvation. For the Scripture says, “Whoever believes on Him will not be put to shame.” For there is no distinction between Jew and Greek, for the same Lord over all is rich to all who call upon Him. For “whoever calls on the name of the Lord shall be saved.” (Romans 10:9-13) But if we walk in the light, as he is in the light, we have fellowship with one another, and the blood of Jesus, his Son, purifies us from all sin. (1 John 1:7) Whoever confesses that Jesus is the Son of God, God abides in him, and he in God. (1 John 4:15) The nation who forsake sins, leave pagan idols & gives worship, glory, praise, honor the one Triune God (Father, Son & Holy Spirit) will experience his blessings of protection, provision, peace and stability. "The wicked [abominable, disobedient, rebellious, unrepentant people] shall be turned into hell, And all the nations that forget God." (Psalm 9:17) "Who is a liar but he that denieth that Jesus is the Christ? He is antichrist, that denieth the Father and the Son." (1 John 2:22) And the devil that deceived them (Christ rejectors) was cast into the lake of fire and brimstone, where the beast [Antichrist] and the false prophet are, and shall be tormented day and night for ever and ever. (Revelation 20:10)
Countries without national debts sound good however their peoples burdening by house debts, car debts, mortgage debts, personal loan debts, credit cards debts,......
who do we owe the debt too? and where did they get the money to lend us? okay i will simplify the question, which god gave them the moral authority to create fiat currency from nothing and was so inequitably that he didn't give all his people the same right?
"National debts are bad" is a myth (i.e. wrong.) It is created to fool ignorant people to fit someone's political goal. Unfortunately, it is also too easy for the innocent public to believe and to help spreading the myth. In short, in economic point of view, the nature of national debt is the same as the nature of private company's lending from banks to grow its businesses. It can be healthy and win-win. If you have a good money-making-idea, you don't want to waste 30 years to save money to allow opening your debt-free company to start making profit. You want to raise debt (by borrowing) now to let your company to make profit, as long as your company can make healthy profit to not only cover the interest, but also make yourself rich in the process! All economist agree that moderate debts (in % of GDP) is needed to maximise economic growth which leads to better living standard for its citizen (measurable in higher GDP) which is the ultimate goal here. Countries with no debt, means they cannot effectively utilized the extra money to help growing its economy to cover the interest of the debt. Since they cannot do it, investor won't want to buy their debts/ bonds, etc. On the other hand, having too much debt is harmful because, at the end of the day, the government needs to pay interest and redemption upon maturity. Of course, the latter can be resolved by continuously issuing the same debts. That is why US government never default an interest payment. For the former, the debt-interest should not be too big the portion of the country's nation product! Government gets money via taxes. You don't want the government ending up increasing tax burden to its citizen in order to pay debt interest.
I have more debt than some countries in the world D:
OMG LOL Thanks for the great comment . . . . .
I feel the same brother
Luca Leone 😂🤣😂🤣😂😂🤣😂🤣🤣
And your proud of that ?
And you can't even print your own money to pay of that debt or borrow yourself out of it... No wait. That does not sound right!? But that's what countries do.
Libya was debt free before the US "helped".
😆 nice one..was wondering why he never mentioned..hmm.oh never mind.
It was the time when Libya was a working country
Everyone in Europe and the U.S. complain about immigration, but what no one bothers to see how it starts. Libya what's doing very good, till they decided to dump the Dollar and go to gold standard. France and U.S gave them some democracy a lot Libyans migrated to France and Spain. The U.S has an immigration crisis on the border with Mexico, the immigrants are mainly from Venezuela, Honduras and Haiti. Venezuela the west totally destroyed their economy, cause their different political points of view, calling them selfs Chavistas and not selling their oil cheap to the U.S. In the case of Honduras and Haiti they don't have oil or natural resources nothing of value to help them or invade them.
1.South Sudan
2.Nieu
3.Macau
4.Liechtenstein
5.Brunei
Just read my comment no need to watch such a long ass video. .
Macau is not a country it is only a province of china same as hongkong , you must research.
MVP
Thanks bro
Thanks a lot 😁👍👍👍🙏🙏
The real measure of the debt is debt to GDP as a percentage or ratio.
"Not gonna look into countries like Tuvalu, San Marino or Andorra" then presents Brunei, Liechtenstein, Macau, Niue =)))
South Sudan just got their independence at 2011, not 2001
in libya now. we cant draw our money from the banks in EU. so they are pushing us to go to debt from imf
How r the things in Libya?
What is the difference between Gen Hefter and the other government?
That is what IMF is designed for. Put countries into debt so others can dictate policy
@@ddillard143 we all know who are the major contributions of the IMF
@@desmondburnett9286 yes. Bankers. And it seem like Republicans are always bailing out bankers
@@ddillard143 All governments bail out bankers
Therefore, when comparing capitalism to communism, they are the same for bankers and all big business that are too big to fail. You see, when profitable, they are capitalism, when they are in trouble and about to collapse, they are communism. Communism because all the people in a country have to share in the lost of the businesses or bankers . Such lost is shared equally through a financial bailout from the people money through the government. Therefore capitalism is for the poor; let the market dictate your position in life
Communism is for the rich, share your losses equally with the masses.
Can you please do the county’s with the most debt
Dean Winchester 1. US, 2. China
@@summmmmmable Japan
USA
1 usa 27 trillion
2 japan 20 tri
3 china 12 trill
4 india. 2.29 trill
USA
Norway has about 1000 billion US dollars "in the bank", and about 50 billion US dollars of dept. The dept is just for cashflow reasons. Norway is a real country unlike the mini states mentioned in the video.
The "cash flow reasons" is exactly why countries borrow in the first place. That 50 billion USD of debt helps Norway's economy. If you're looking for countries that are net lenders then that list is pretty large.
Norway is not a country. It's a part of Germany.
@@doctorpanigrahi9975 What?
@@doctorpanigrahi9975 lol, WTF. Yah, and Germany is a province in Luxembourg.
INS Whisky bruh Norway is its own country. Are you thinking of Ww2?
I agree if Brunei is on the list because of its oil. The government can actually just give a monthly monetary for all its people.
Fascinating stuff! Thank you for that presentation!
if the chinese gov"t hear you saying macao is another country not a part of china, oh wow you will be educated hehehehe
If I understood, then the countries with no debt are relatively small and have no national defense.
Macao is definitely not a country, it's just a special administrative region , SAR of China.It's even smaller than the island where I live in,Labuan,a federal territory of Malaysia.Please take note.
Don't show this video to american banks or authorities 🙃🙃🙃🙃
@Bagal Yakin yea those american world banks stealed million metric tons of gols from philippines and ferdinand philippines
You keep repeating yourself. Just name the countries and THEN YOU can yap away to uour hearts content
too LoL
Hahahha
Correct
The nations with massive debt have allowed private banks to control their currency.
Central banks (mostly government organisations) are the ones facilitating debt.
@@pablosabhlok the Federal Reserve in the US is not part of the government. They are a private bank. The US didn't have debt or federal income tax until the banking cartel took over the country. It's a big money theft program. Woodrow Wilson was the worst president ever. He ruined the country.
Nice video and Eid Mobarak and make a video about Eid
IED Mubarak!!
EID ki Ram Ram!!
Eid is a festival which is just celebrated by peacefuls only...no jew/Christians/hindu/buddhist celebrate it...and no one really wants to celebrate it
Wrong place , no Religion is great then others.. keep your religion in your home.. stop bringing religion everywhere like an idiot.. nobody cares about religion anymore
Lick-ten-shtein - Monarchy - one of the last remnant states of the Holy Roman Empire - you can walk across it in the afternoon.
4 "countries" with a combined population of only 1 million plus an impoverished country
Norway is the only real country that should be on the list.
@@Andreas4696 don't forget Norway was struggling badly before they north sea oil
@@abdulrauf813 Not really. We were about on par with Denmark in 1970 in terms of GDP per capita according to the UN.
Kazachstan has no debt, and niue isn’t even a country. it is just a part of New zealand. It only has a little bit of autonomy.
Kazakhstan had debt same as Russia
@@unauthorizeduser7596 they pair all of their debt to The IMF off...
Kazakhstan is part of new zealand 🤣
@@AK-galil what are you saying?
"Americans" are all people who live in the American continent, not just in the United States
18 months ago I had no personal debt with about $5000 in savings plus what I had in my 401K and personal IRA plans. I was very foolish in thinking I was okay. When some unexpected events happened including major car problems and more recently unexpected surgery, I went into way more debt than I am comfortable with. I wished more countries would take the steps necessary in becoming debt free but saving for a rainy day and avoid making the same kind of stupid choices I have made.
Welcome to America boi
No one, anywhere, should go into debt because of illness. I can't believe that USA citizens don't have universal health care. It's a no-brainer. Meanwhile your governments of both stripes spend trillions on military toys, most of which are probably antiquated. Future wars will no doubt be fought with drones and by hacking.
Voucher with private savings accounts.
Just dont live in America lol
@@a.n.l.aantineoliberalismas4504always someone else's fault huh?
Great informative video
Your pronunciation of the countries is embarrassing.
Great Information. Thank you.
The only real, serious country with no net debt is Norway.
If a country has a manageable debt and economic growth outstrips inflation, that that debt becomes relatively smaller over time.
countries are like a person
they take debts so that the GDP they earns each year could be invested in other opportunities and taking debts for their spending needs
If Macau relies solely on gambling and tourism, I wonder how it is doing with the pandemic and all the closure?
I googled that, and it seems they have somehow kept their debt at zero.
china kept them alive
What about Monaco Monte Carlo the country is so rich they don`t charge personal income tax.
Greece has left the chat
Marino Vargas so has any broke ass latin country....
Take a shower - get a haircut - wear a shirt ---
I wonder why will some one , just make a comment to offend another person
Incredible
Incredible
Takes too long to tell us something that should take 1 minute
Norway??
More countries could be without debt but its not a bad thing to have debt. Countries debt works in another way than debt that people have. For example have Sweden for years had the possibility to loan money and get payed to loan (if Sweden loans 1,1 billion the country only back like 1 billion)
countries are like a person
they take debts so that the GDP they earns each year could be invested in other opportunities and taking debts for their spending needs
Wow I am so rich I can pay the debt of
Macay,South Sudan,Brunei,Nieu and Liechtenstein!
They might have a little surplus to pay you. Lol
Thank you ☺️ 💗
Macau is a country ? How can we take your video seriously ! Some data over 10 years old 😩 oh man....
0:47 barrack obama protesting on national debt
Capitalism is all about debts.... No debts mean blasphemy!
Just islands, I knew you are talk about these small countries with no serious challenge
So be small and either have a lucrative resource earning substantial nationalized royalties or import your wealth from other nations' finances directly via being a tax haven, a gambling haven or a financial dependent of another government while being dependent on a neighboring military power for defense; or alternatively be so dysfunctional that no- one can determine what your actual debt is.
Or you could have a Fiscal Responsibility law that prevents the Government from spending more than it earns, and therefor, never incurring any debt.
@@jascrandom9855 Capitalism relies on growth to fund necessary capital investment. To pay the upfront costs of this investment, you need to leverage expenditure on these costs against future returns, either by debt or more problematically by a buy then lease system. While some economies have tried to move towards funding all their needs by private enterprise debt and investment, problems with some necessary goods and services not earning comparatively enough return, with speculation distortion, and with monopolies/ oligopolies price gouging have always driven capitalist economies back towards some public investment. Taxation alone rarely provides enough funds to consistently fund this investment. So you either raise debt with a source of immediate funds, or have state owned or directly state paid resources funding this investment. No other alternative system has worked even over the medium term for nations with anything like an independent economy.
@@bluecedar7914 Governments are supposed to take a counter cycle approach to Fiscal policy, but since the 80's most have not done that. Go on surplus during good times, and spend in deficit during bad times.
Personally, i would replace all taxes with Land Value Taxation as a single tax, and balance it with Universal Basic Income.
Have by Law charge in taxes 5% more than what it plans to spend. The extra money would be reserved for emergencies only.
LVT is the only tax that doesn't distort the market in any way. While UBI does the same for the labor market. So the economy should be able to work at its maximum efficiency.
@@bluecedar7914 I'm dumb. Can you please put this in layman's terms?
@@drdaver Be a small country and collectively own a source of great wealth, import your wealth and defense from somewhere else or be so dodgy at borrowing money that no- one can keep track of your debts. That's about as simply as I can say it. 🙂
I would have never guessed that a remote island like Niue would be the first country to have full access to free WiFi. Ussually remote islands have no internet at all or very slow internet.
More people have access to free wifi in my home town then Niue🤣🤣
Top 10 longest wars/ countries with most wars/ most peaceful countries.
True Independence is to stay without any debt.
1. Brunei 2. Lichtenstein 3. Macau 4. Niue and 5. South Sudan.
Thanks for those who don't have time.
Monaco? Lolz
@@marczhu7473 Monaco is rich dude
@@queenceeandjayvierd.awitan7804 that it. Being rich means no debt.
@@marczhu7473 unless you are greedy and take too much dept
You are killing me with meaningless stats. I couldn’t get thru two countries.
Content starts at 1:45.
Square kilometers, not “kilometers square”.
Kilometers squared
Most of the countries including the U.S. 's debt is not to the outsiders but their own nation.
they don't try to police the world and have 11 aircraft carriers like one country we all know.
That's because they're not even big enough to do it if they wanted and they're dependent on countries that do for their own protection.
Hi,
Interesting content
I'd love to know which countries with the largest debt in US dollars, in that which countries owe the US the most?
Unuted States is one among the countries with the highest debt...
@@garryibarreta8881 in fact, US is the number 1 with the highest debt...
It's only expressed in USD so it's comparable apples to apples etc. Also, Americans don't know other countries exist with their own money, so we have to make it real simple for them
They have no debt because the haven't got huge mounts spent on military if they already have one !!
i ADMIRE BRUNEI FOR NOT HOSTING SEA GAMES TO AVOID DEBT.
Yeah but the sultan has a harem and several garages full of rolls royces. Oil money doesnt last for long tho, and the dinosaurs arent dying fast enough to replenish the oil remaining.
These are not real countries, they are just places.
Country still need to borrow money because it cannot grow faster
Oh!)) Really cool video))) more like this)))
Kindly check your facts South Sudan did not become a country in 2001.
The 5 countries that had no debt sat here after corona and fairlough ...
this article 3 years ago usa debt 22 trillion , today (2022) , you know how much , you are going to scream "WTF" ,.......here it comes 31 trillion. we are pretty screwed.
Can you talk about the economy of Nigeria?
If you want money you are never go out of debt, you are gonna probably collapse.., greed is soon or late collapse,..
Stay in Mars that had NO debt at ALL....... forever!🎉
you did 4 countries
Pataca is the currency of Macau.
should name the Five countries 1st at the beginning
Top 10 countries with heights debt
Ashfaq Rahter highest* 😉
1: USA 23 trillion dollars as of 2020
Why isn’t Norway on the list? They have no debt.
Talk about Brunei!
Just for your information Singapore is also have no debt
Why can't you put it n miles too instead of kilometers
Because there are more people that live outside the US as compared to those that live within its borders.
Its one thing for the country to have no debt, its another for its citizens to enjoy buying and selling freely. Try finding a McDonald's, Starbucks or Macy's in those places! In S. Sudan its the government leaders that are getting rich, while citizens struggle, most never even seeing a donut, or riding a roller coaster. No birthday celebration parties either. Culture is different that ill say. Still a nice ball park comes any every language, however hard to find in in both Sudan and S. Sudan. Their government officials prefer to keep the most of the billions for themselves.
The debt you show for the usa is wrong. The Gao shows it at over $130 trillion.
Norway got debt, but its all in (NOK) kr and are used for keeping it simple for transcation with in the country so it owns it self money.
Norway & Iceland!
How about Vatican city ? 🤔
Catholic mafia doesn’t count 😂
@@JohnSmith-qp4bt 🤣😂😂
Yes yes, in Finland we have a lot of oil too but we are not allowed to use it, like that Nato country Norway.
Where has Finland got oil?
@Paddy Ryan ha ha !
You’re pronouncing Liechtenstein wrongly, sorry to say.
He didn't do too bad a job, for an American. But I thought he contradicted himself from the start of the video when he said he wasnt going to include countries like Andorra and San Marino.
Wait a minute, are you saying that Macau has $65.7 trillion or $65,732 billion or you mean $65.7 billion (you said 65 thousand seven hundred thirty two billion which is $65.7 trillion) GDP? USA has $20.5 trillion as of end of 2018 and it is the biggest economy in the world.
You can get 5 together? I'm shocked.
these are not real countries, only coincidences of history which benefit from particular advantages, or for the last, which is very young
Eritrea? Any report?
How about a list of countries with low debt where an American would feel at home.
Nations that are closest to a libertarian state would be an interesting vid🙂
Yes!
Estonia
Many people don't understand the word "debt", they just look at the figures. There are 4 important things to consider when talking of debt. 1. How much is the debt, 2. who is the debt owed to, 3. what was the money borrowed for or used for and 4. the ability to pay back the debt.
A country may owe debt but the debt is "internalized" that is domestic debt are as against external debts that are more difficult to service and eat into a country's national outputs and leave limited resources for development. A country's debt may look big but the debt constitutes a small percentage of a country's total outputs. That a country indebted to the tune of $100 billion but the gross domestic product a year is $1 trillion dollars. Hence, the rate of GDP to debt ratio is 10. That mean the debt to national output ratio is low. The United GDP is very high related to it's debt.
2022 Amarica debt 30trillon
Macau is not a country, it's part of China, only westerners will debate whether it is a country. Is Alaska a country?
I know that i may well be stupid but i would really love to know who exactly lends the trillions of dollars to the 95% of countries that have debt.
Blessed is the nation whose God is the LORD (YAHWEH); and the people whom he hath chosen for his own inheritance." (Psalm 33:12)
"I am the LORD: that is my name: and my glory will I not give to another, neither my praise to graven images." (Isaiah 42:8)
But the LORD is the true God; He is the living God and the everlasting King. At His wrath the earth will tremble, And the nations will not be able to endure His indignation. (Jeremiah 10:10)
"For the LORD is great, and greatly to be praised: he is to be feared above all gods. For all the gods of the nations are idols: but the LORD made the heavens." (Psalm 96: 4-5)
"Worship the LORD your God, and His blessing will be on your food and water. I will take away sickness from among you." (Exodus 23:25)
O worship the LORD in the beauty of holiness: fear before Him, all the earth. (Psalm 96:9)
"The LORD hears his people when they call to him for help. He rescues them from all their troubles." (Psalm 34:17)
"The earth and everything on it, including its people, belong to the LORD." (Psalm 24:1)
"Who is like the LORD our God, who is seated on high, who looks far down on the heavens and the earth? He raises the poor from the dust and lifts the needy from the ash heap." (Psalm 113:5-7)
"Who forgives all your sins and heals all your diseases". (Psalm 103:3)
Jesus said, “I am the way, the truth, and the life. No one comes to the Father (YAHWEH) except through me” (John 14:6)
That if you confess with your mouth the Lord Jesus and believe in your heart that God has raised Him from the dead, you will be saved. For with the heart one believes unto righteousness, and with the mouth confession is made unto salvation. For the Scripture says, “Whoever believes on Him will not be put to shame.” For there is no distinction between Jew and Greek, for the same Lord over all is rich to all who call upon Him. For “whoever calls on the name of the Lord shall be saved.” (Romans 10:9-13)
But if we walk in the light, as he is in the light, we have fellowship with one another, and the blood of Jesus, his Son, purifies us from all sin. (1 John 1:7)
Whoever confesses that Jesus is the Son of God, God abides in him, and he in God. (1 John 4:15)
The nation who forsake sins, leave pagan idols & gives worship, glory, praise, honor the one Triune God (Father, Son & Holy Spirit) will experience his blessings of protection, provision, peace and stability.
"The wicked [abominable, disobedient, rebellious, unrepentant people] shall be turned into hell, And all the nations that forget God." (Psalm 9:17)
"Who is a liar but he that denieth that Jesus is the Christ? He is antichrist, that denieth the Father and the Son." (1 John 2:22)
And the devil that deceived them (Christ rejectors) was cast into the lake of fire and brimstone, where the beast [Antichrist] and the false prophet are, and shall be tormented day and night for ever and ever. (Revelation 20:10)
Countries without national debts sound good however their peoples burdening by house debts, car debts, mortgage debts, personal loan debts, credit cards debts,......
All European country have highest household debt in the world , USA has low household debt = more middle class and upper class per capita
My brother a engineer in Denmark , all he can afford is a $10000 car
Due to the people's own greed and stupidity living beyond their means.
Dude, your audio made me quit watching your video....have you considered using a compresseor or somehow making it less sharp..
A year later....are they still debtless after the plandemic?
They got money ready in this situation
Instead of not being ready
Lol I grew up in Brunei and its a pretty chill place
Brunei 2021 .36 billion US $ national debt. Only 3 deaths covid.
If ur using currency..& not gold or silver..Debt is urs
Macau is not a country.
who do we owe the debt too? and where did they get the money to lend us? okay i will simplify the question, which god gave them the moral authority to create fiat currency from nothing and was so inequitably that he didn't give all his people the same right?
Walpole was a good presenter.
"National debts are bad" is a myth (i.e. wrong.) It is created to fool ignorant people to fit someone's political goal. Unfortunately, it is also too easy for the innocent public to believe and to help spreading the myth.
In short, in economic point of view, the nature of national debt is the same as the nature of private company's lending from banks to grow its businesses. It can be healthy and win-win. If you have a good money-making-idea, you don't want to waste 30 years to save money to allow opening your debt-free company to start making profit. You want to raise debt (by borrowing) now to let your company to make profit, as long as your company can make healthy profit to not only cover the interest, but also make yourself rich in the process!
All economist agree that moderate debts (in % of GDP) is needed to maximise economic growth which leads to better living standard for its citizen (measurable in higher GDP) which is the ultimate goal here. Countries with no debt, means they cannot effectively utilized the extra money to help growing its economy to cover the interest of the debt. Since they cannot do it, investor won't want to buy their debts/ bonds, etc. On the other hand, having too much debt is harmful because, at the end of the day, the government needs to pay interest and redemption upon maturity. Of course, the latter can be resolved by continuously issuing the same debts. That is why US government never default an interest payment. For the former, the debt-interest should not be too big the portion of the country's nation product! Government gets money via taxes. You don't want the government ending up increasing tax burden to its citizen in order to pay debt interest.
Dah! Costa Rica require passport to entry or exit, sometime Hawaii or Alaska check for passport as well. Is this consider a country?