@@iainw5081 Also, do not borrow a huge amount of money without the ability to legally point a gun to the lender. You need this ability to get a favorable lending terms, flexible payment methods, and so many more.
Makes much more sense to publish per capita. Seeing Sweden battling against Brazil over places in the middle of the pack might be fun but difference in size matters.
It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
That's useless unless the numbers include off balance sheet debt. Non democratic countries can easily have higher off balance sheet debt than on. IMF and world bank data exclude that.
@michaelgothenburg364 Too bad for you, Singapore is not a democracy, yet they consistently release reliable honest economic data. Meanwhile, that huge 'democracy' in the subcontinent west of them has become synonymous with fraud and misleading data. At least Germany's 'democratic' vassal state releases reliable data spotlighting the implosion of their automotive industry, one company of which was busy releasing fraudulent emissions data.
So can democratic countries, eg Australia where under current Labor government, the Treasurer has delivered all his budgets with off the balance sheet debt. Does it with smugness to boost his ego. t@michaelgothenburg364
ALL OWED TO PRIVATELY OWNED CENTRAL BANKS .... THE REAL POWER ON THE PLANET. THE BANKSTERS CONTROL EVERYTHING THROUGH DEBT. ZIONIST/JESUIT BANKSTERS.... IT'S WHY ISAREL DOES WHAT IT WANTS. IT'S THEIR BABY.
If the GDP isn't pumped up by warmachines. They raise GDP but in reality they make a country poorer. There has been many stories of Russia how their GDP is growing despite sanctions. Yeah right. Leave war related spending out and it's another story.
@@fajaradi1223 - It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
The US has a taxation problem. They are not collecting enough and relying on debt. Politically, this is the easiest choice. How many politians running for office said they were for cutting taxes? Clearly, none have achieved meaningful spending cuts, so claims of being for spending cuts are bunk. Reducing deficits and living within means can only be solved by adequate tax collection.
Incredibly reduction in debt by Japan. But as a Brit, I was interested to see how much control was kept over debt by the Conservatives in the previous century, despite being one of the major powers back then. Clearly, 21st Century UK politicians haven't a clue (except for some recovery due to Johnson's premiership - and that's considering he had a pandemic to deal with at the time).
Johnson and co spafft money up the wall. Debt went up from 2.5Tr 2019 to almost 3.4Tr in 2024 when the Tories left. That's a third of all debt added. In just 5 years. Billions wasted to make rich friends and donors richer.
It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Funny, then, that you ignore the huge decrease in debt under New Labour up to 9/11 and that's despite a huge investment program. That's what happens when you tax wealth.
@timaustin2000 Taxing wealth is an important factor for an equal society. Without that tax we end up with 5% of the population having having 90% of the wealth. A dangerous situation. Everyone should pay their fair share. A wealthy person will never go hungry paying tax.
If all these countries owe so much money, who exactly do they owe it to? Presumably there are a few nations- Saudi Arabia, Gulf states etc with no debt?
It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
ALL OWED TO PRIVATELY OWNED CENTRAL BANKS .... THE REAL POWER ON THE PLANET. THE BANKSTERS CONTROL EVERYTHING THROUGH DEBT. ZIONIST/JESUIT BANKSTERS.... IT'S WHY ISAREL DOES WHAT IT WANTS. IT'S THEIR BABY.
One of Trump's first priorities after returning to office is to continue the tax cuts approved during his first term, according to Reuters. According to tax experts, it would increase the current debt of $36 trillion in the United States by about $4 trillion over the next decade Interest expenses on U.S. government debt exceeded $1,016 billion for the first time, reaching $1,016 billion in 2024.
It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Thatcher was less successful in cutting public spending than you think as in real-terms UK spending rose in every year of her premiership apart from two years (documented in the public record). Even in those two years with debt interest and high unemployment taken into account it meant the total reduction was far smaller. She managed to trash much of UK industry.
Thatcher sold off all our assets, that's when we have foreign water companies dumping raw sewerage into our rivers whilst paying the share holders dividends.
Not even close. Two of the top 3 countries at the end of the video have more debt per capita. Both US and Japan's debt per capita is roughly 50% higher than Canada's.
if every country is in debt who has all the money ? Saudi Arabia, Qatar, Bill Gates ? and you wonder why your countries have weird policies that go against your native peoples
No one has money with debt it is really owning someone or nation money but in that case how can you get in debt in the first place with nation? Simple borrowing services and as a way of improving relations between countries to help with the economy like after a war a nation loans out money to help rebuild a nation and invest in the nation furture to get benefits in short term. They all have debts to each other but they don’t care about it
A more accurate chart would only include external debt, many of the countries at the top of the chart have internal debt which means effectively many nations are in debt to themselves.
There has to be a point at which this becomes unsustainable. Will that be when the economy of the most powerful nation on the planet collapses and the leader of the free world falls to its knees, What could go wrong if that happens? Or shall we accept that debts will never be paid back and right them off.
Debt isn’t “never paid off” Debt has a time it takes to be paid off. As such, each year, each government spends a certain % of their revenue “maintaining” their debt by paying off dues, and issuing new debt in the form of bonds and other such things, which is why their debt doesn’t go down. It isn’t that they aren’t paying up, it’s that they are constantly paying and taking debt. So the only people who need to be worried about the collapse of a nation for its debt would be the people who haven’t cashed out yet, which is why this whole debt thing isn’t risky enough for people to want to avoid completely
@@GamerGod-fp1tj - It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Inflation, depreciation in the dollar coupled with the rise of china on the global scale will mean that should the dollar valuation grow and the east drops all US treasury bonds you might see the dollar go from a global trade currency to zero overnight. All china needs to do is declare how much gold they're holding
@@usakousa - It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Nothing tragic about it when the Australian government was forced to sell 75 - 80% of our gold reserve in order to keep the dollar high which is why Keating floated the dollar The market now determines the value of money not the government
both domestic and foreign institutes. I think US sell a lot of federal obligation bonds mostly to banks etc around the world. treasurydirect.gov/savings-bonds/ home.treasury.gov/ Same with the other countries.
Summary of Major Holders of U.S. Debt: Foreign Holders ~30% of public debt U.S. Financial Institutions ~25% of public debt Pension Funds & Individuals ~15% of public debt Social Security Trust Fund ~15% of total debt Other Federal Agencies ~15% of total debt
@@dogastus - It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Interesting to see how Germany were late arriving on the scene and only took that position when they started taking on the debts of lesser nations in the EU. Oh how the common market has failed.
No, you read that wrong. Germany jumped from way down below to 4th position in 1991 because of reunification. Adding 25 % in citizens and run down territory, infrastructure, ecologic and pension liabilities to your economy does this. And yet, Germany is slowly coping with it. As of 2024, after Covid, Brexit supporting Ukraine and all, Germany moved down to 8th position, letting much weaker economies pass it. So what?
That's also useless unless the numbers include off balance sheet debt. Non democratic countries can easily have higher off balance sheet debt than on. IMF and world bank data exclude that.
@@michaelgothenburg364 - It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Non-sense. Exemple : for E.U. or french calculation , french public debt is 2 700 000 000 000 € but for IMF-norms 7.100 000 000 000 € ( integrating supposed due retrirements ).
It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
And it is just going on n on right. Which simply means, so what to all of us !! Big deal that everybody owes everyone else. Are financial institutions able to fix it !? Obviously not, when even politicians dont know what the hell is going on !
Most of China's debt is internal, owed to Chinese entities. Contrary to the US, which owes everything to foreign entities. Makes a big difference come crunch time.
One problem with that data, china is quite tied with US, after they move their province debts to themselves, as provinces have taken own loans to finance operations, so that chinas situation wouldn't look so bad
Meaningless without comparison of debt to size of the country's economy. And is this total debt, including consumer, or only national government debt, or . . . . (you get the point).
National debt is only half the picture because nations also receive interest on capital lent to others. Some kind of net indebtedness is a better guide to what is going on. However no simple chart explains to you that when the rich borrow money it is the poor who are enslaved to repay it. The number of hours worked by a typical family today to keep their roof and their transport is greater than at any time in modern history. This chart doesn't show "Debt" it shows Slavery.
The US$ is the world reserve currency....so...other countries need to hold huge amounts of it to pay for trade....so...the people of the USA get to export newly printed dollars to other countries inflation free. Nice. There is a big benefit to being the world policeman. ps The Economist estimates being the reserve accounts for 25% of every Americans standard of living.
Bit deceptive. Australia's external debt - that we owe to foreigners is currently 1,950 USD. Might become an issue if foreigners think that we are not able to service that debt. US is 26,895,758 USD and Russia 290 USD.
This data only include internal and external balance sheet debt. Useless information. Non democratic countries often have higher off balance sheet debt than on.
Not shocked at all ... But if you think it's looking bad now just wait until the extra dept's are add to every country trying to lower it carbon pollution to prevent global warming. Australia is trying to reach a net zero carbon emissions by the year 2050 the problem is that current dept Australia owes will be at a minimum 5 X it current balance... You would have to say the US will never ever repay it's current dept balance & it will get a lot worse ... Pardon my wondering but every country & nation has to borrow huge amount that added to there dept balance during covid 19 lockdown ...given this was a forced necessary action.... Has the world bank offered to forgo any added interest to necessary depts during that time period & at a reduced repayment cost .... that alone would give a large number of countries now suffering in economic recession a boost in the right direction that would flow onto other's just a thought . Because it likely not long before everyone throws down the towel a declares complete bankruptcy ..the entire world economy is drowning in dept's the results will be a world that does not advance in it's technology because of no funding .. technically the world be at a standstill in the time it's in ...
Large amount of national debts is actually a form of credit - that investors dare to buy your bonds, because they see worthy collaterals in some form - sometimes gold reserve, sometimes foreign reserve, sometimes productivity, ... but you have to establish a history of payoff or even income - it really is no different from private sector's stocks.
It is a DEBT based Monetary System - MONEY is created as DEBT. What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
So, the key to being a Superpower is to be in more debt than everyone else.......I am off to borrow more money.
But you would have to address/manage the 'Triffin paradox'.
@@iainw5081
Also, do not borrow a huge amount of money without the ability to legally point a gun to the lender. You need this ability to get a favorable lending terms, flexible payment methods, and so many more.
Funny thing is rich people have a lot of debt
We would need to see debt based on GDP percentage. People, USA’s economy is f***in huge. California’s economy alone is larger than most countries.
@@Evropa4livelike Robert Kiyosaki
Japan in the 80’s to the 2000’s was basically in race for highest debt with the USA, except they actually tried to stop it
They've done a good job in the last few years.
They don’t have AIPAC dictating to sending all our money and weapons to a certain country that holds zero importance to the average citizen
Makes much more sense to publish per capita. Seeing Sweden battling against Brazil over places in the middle of the pack might be fun but difference in size matters.
Your `re rigth .
More reasonable would be the percentage of the national GDP.
It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
As the actress said to the bishop.
Net national government debt per GDP would be more accurate as this relates directly to capacity to collect tax receipts to service debt.
These debts also coincide with the continual lowering of corporate tax rates.
I wonder what the debt-to-GDP ratios are.
I remember when people made fun of Greek debt 😢
The PIIGS. Portugal, Ireland, Italy, Greece, and Spain.
Exactly my comment...
The problem is alot ofnthe highest debt countries here did bail out Greece so make of that what you will.
This data represents both internal and external debt for the countries shown. It is from data compiled by the IMF and World Bank.
That's useless unless the numbers include off balance sheet debt. Non democratic countries can easily have higher off balance sheet debt than on. IMF and world bank data exclude that.
@michaelgothenburg364 Too bad for you, Singapore is not a democracy, yet they consistently release reliable honest economic data. Meanwhile, that huge 'democracy' in the subcontinent west of them has become synonymous with fraud and misleading data.
At least Germany's 'democratic' vassal state releases reliable data spotlighting the implosion of their automotive industry, one company of which was busy releasing fraudulent emissions data.
So can democratic countries, eg Australia where under current Labor government, the Treasurer has delivered all his budgets with off the balance sheet debt. Does it with smugness to boost his ego. t@michaelgothenburg364
ALL OWED TO PRIVATELY OWNED CENTRAL BANKS .... THE REAL POWER ON THE PLANET. THE BANKSTERS CONTROL EVERYTHING THROUGH DEBT. ZIONIST/JESUIT BANKSTERS.... IT'S WHY ISAREL DOES WHAT IT WANTS. IT'S THEIR BABY.
What about state owned companies? It is not included in the government debt while the companies are owned by the government
2005 US: Hold my bier, i'm about to end this country whole career
Why, are you carrying a coffin?
Government debt as a percentage of GDP would be much more interesting, and far more relevant.
I was thinking the same thing.
If the GDP isn't pumped up by warmachines. They raise GDP but in reality they make a country poorer. There has been many stories of Russia how their GDP is growing despite sanctions. Yeah right. Leave war related spending out and it's another story.
Yup lost on most people
Greece performance here is astonishing.
They did get help....
@@HelleKurstein That help ruined their economy, though.
Did they have an economy?
@@ahsenserhat9270 they did, google Greek economic miracle
no. Only country without one.
Find who the debt is owed to and understand who runs the world.
Mostly their own people. Have you ever bought a government bonds? Or any kind of investment instruments issued by your own government?
Huge debt = They are able to have an huge debt = They are wealthy.
Correct. It's all owned by the banks.
@@fajaradi1223 - It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Are they Jewish?
The US has a taxation problem. They are not collecting enough and relying on debt. Politically, this is the easiest choice. How many politians running for office said they were for cutting taxes? Clearly, none have achieved meaningful spending cuts, so claims of being for spending cuts are bunk. Reducing deficits and living within means can only be solved by adequate tax collection.
Shh, you are not supposed to say that out loud, even though it's obvious.
USA Military Budget is huge as is the cost of debt servicing
Wow! Who would have thought Singapore would be on this list.
The US is at 36.2 Trillion Dollars in Debt.
Incredibly reduction in debt by Japan. But as a Brit, I was interested to see how much control was kept over debt by the Conservatives in the previous century, despite being one of the major powers back then. Clearly, 21st Century UK politicians haven't a clue (except for some recovery due to Johnson's premiership - and that's considering he had a pandemic to deal with at the time).
Johnson and co spafft money up the wall. Debt went up from 2.5Tr 2019 to almost 3.4Tr in 2024 when the Tories left. That's a third of all debt added. In just 5 years. Billions wasted to make rich friends and donors richer.
It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Ye Johnson was a genius. Why oh why did you get rid of him. Funnily enough your debt started to increase when you eventually left the EU.
Funny, then, that you ignore the huge decrease in debt under New Labour up to 9/11 and that's despite a huge investment program.
That's what happens when you tax wealth.
@timaustin2000 Taxing wealth is an important factor for an equal society. Without that tax we end up with 5% of the population having having 90% of the wealth. A dangerous situation. Everyone should pay their fair share. A wealthy person will never go hungry paying tax.
If you owe a bank £10000 and can’t pay, you have a problem. If you owe them £1 billion, they have a problem.
Ja, to whom? The americans also have the biggest mouths about ruling the rest of the world!
And remember, if you live in one of these countries, they make the interest payments on these debts with your taxes.
to their own population of course.
Debt is huge.USA will soon have to borrow money but all states have closed their bussnis toward that.
If all these countries owe so much money, who exactly do they owe it to? Presumably there are a few nations- Saudi Arabia, Gulf states etc with no debt?
What would be more meaningful to me would be that the debt is expressed as a liability per head of population.
It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
ALL OWED TO PRIVATELY OWNED CENTRAL BANKS .... THE REAL POWER ON THE PLANET. THE BANKSTERS CONTROL EVERYTHING THROUGH DEBT. ZIONIST/JESUIT BANKSTERS.... IT'S WHY ISAREL DOES WHAT IT WANTS. IT'S THEIR BABY.
Greece did well to be off that list in 2024
Dept data of the Soviet block were probably not avialable? That's why Germany has not existed before 1991?
That and west Germany not having enough debt to make an appearance.
It would be nice to add a trend indicator like ❌ for rising debt and ✅ for falling debt. The numbers change so quickly, it is tricky to follow.
One of Trump's first priorities after returning to office is to continue the tax cuts approved during his first term, according to Reuters. According to tax experts, it would increase the current debt of $36 trillion in the United States by about $4 trillion over the next decade
Interest expenses on U.S. government debt exceeded $1,016 billion for the first time, reaching $1,016 billion in 2024.
It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
So it would add Germanys debt to that of the USA, do I understand that correctly?
debt to GDP ratio (IMF); Canada 107.49, France 110.64, Germany 62.66, Italy 134.79, Japan 249.67, United Kingdom 101.15, United States 123.01
Mrs T had the purse strings tight in the 80s.
How we need her now.
Thatcher was less successful in cutting public spending than you think as in real-terms UK spending rose in every year of her premiership apart from two years (documented in the public record). Even in those two years with debt interest and high unemployment taken into account it meant the total reduction was far smaller. She managed to trash much of UK industry.
She also made greed to be perceived as a good thing...... what a horror
Simping on Thatcher is just not a good look
And the old witch did more damage to the British manufacturing industry than the Luftwaffe could ever have dreamed of in World War II.
Thatcher sold off all our assets, that's when we have foreign water companies dumping raw sewerage into our rivers whilst paying the share holders dividends.
Probably Canada has the highest debt to population ratio. It a big ass country and infrastructure is tough. But we try.
Not even close. Two of the top 3 countries at the end of the video have more debt per capita. Both US and Japan's debt per capita is roughly 50% higher than Canada's.
@ I’m not gonna lie. That’s good to know. 😊 thanks.
But a relatively small population as most of the country is uninhabitable.
Canada's debt to GDP ratio is less than half that of the US and one of the lowest in the G20.
if every country is in debt who has all the money ? Saudi Arabia, Qatar, Bill Gates ? and you wonder why your countries have weird policies that go against your native peoples
Exactly.
Rothschild and Soros (Blackrock)
In the Uk it's the owners of government bonds, insurance companies and pension funds.
Rupurt, he’ll live to 120
No one has money with debt it is really owning someone or nation money but in that case how can you get in debt in the first place with nation? Simple borrowing services and as a way of improving relations between countries to help with the economy like after a war a nation loans out money to help rebuild a nation and invest in the nation furture to get benefits in short term. They all have debts to each other but they don’t care about it
The nations of the world collectively have a debt mountain of eye-watering proportions, but to whom is it owed...??
That's what I always think,and what's to stop em just printing off a sh*t load of money and giving it to whoever you owe the debt to? 🤔
A more accurate chart would only include external debt, many of the countries at the top of the chart have internal debt which means effectively many nations are in debt to themselves.
The UK, in debt and still 💩😂
It will get worse under Starmer
Countrie's debt is represented in percentage of GDP, never in absolute amount.
Love to know who is lending all the money and is it real or just electronic money???
lol
this money doesnt exist
Ireland never enters the graph. We must be some country. I do not feel like a millionaire!!
Government debt isn't a real debt. We've been lied to.
Increasing national debt by 11 trillion dollars in 5 years is crazy
What do you expect from SOCIALISTS, even ones in blue ties.
$33.4 TRILLIONS!
😮
Bottom line-- way too much government in the US.
Who exactly is the IMF and where does their money come from?
Watch the documentary the money masters
This debt, is easily exasperated by the 1% and billionaires in general not paying taxes.
All this dept, but whom do we owe all this money to - who is on the plus side equally - I guess dept and credit adds up to zero ?
There has to be a point at which this becomes unsustainable.
Will that be when the economy of the most powerful nation on the planet collapses and the leader of the free world falls to its knees, What could go wrong if that happens?
Or shall we accept that debts will never be paid back and right them off.
Debt isn’t “never paid off”
Debt has a time it takes to be paid off. As such, each year, each government spends a certain % of their revenue “maintaining” their debt by paying off dues, and issuing new debt in the form of bonds and other such things, which is why their debt doesn’t go down. It isn’t that they aren’t paying up, it’s that they are constantly paying and taking debt. So the only people who need to be worried about the collapse of a nation for its debt would be the people who haven’t cashed out yet, which is why this whole debt thing isn’t risky enough for people to want to avoid completely
@@GamerGod-fp1tj - It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
UK debt doubling to 5tril and then halving to 2.3tril in 2017 is somthing that didnt happen....
Inflation, depreciation in the dollar coupled with the rise of china on the global scale will mean that should the dollar valuation grow and the east drops all US treasury bonds you might see the dollar go from a global trade currency to zero overnight. All china needs to do is declare how much gold they're holding
Who do they owe the money too?
The tiny hat mafia
They issue national bonds, which can either be directly bought or can be part of investment fonds.
@@usakousa - It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
The decepticons
This started immediately after Nixon abolished the Gold standard for the US Greenback in 1970. (US$). Absolutely tragic.
Nothing tragic about it when the Australian government was forced to sell 75 - 80% of our gold reserve in order to keep the dollar high which is why Keating floated the dollar
The market now determines the value of money not the government
@@evangiles4403 The system is broken.
Hmmm...Russia in not in the chart? Is it meant RU has no debt or it is excluded from the list....
Russia 🇷🇺 dropped from the list in 2002 if you look closely.
Perhaps someone can shed some light on debt. Debt to whom?
both domestic and foreign institutes.
I think US sell a lot of federal obligation bonds mostly to banks etc around the world.
treasurydirect.gov/savings-bonds/
home.treasury.gov/
Same with the other countries.
Summary of Major Holders of U.S. Debt:
Foreign Holders ~30% of public debt
U.S. Financial Institutions ~25% of public debt
Pension Funds & Individuals ~15% of public debt
Social Security Trust Fund ~15% of total debt
Other Federal Agencies ~15% of total debt
Whoever buy the treasury bonds :)
@@dogastus - It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Interesting to see how Germany were late arriving on the scene and only took that position when they started taking on the debts of lesser nations in the EU.
Oh how the common market has failed.
An Austrian painter tried to prevent this but he lost
No, you read that wrong. Germany jumped from way down below to 4th position in 1991 because of reunification. Adding 25 % in citizens and run down territory, infrastructure, ecologic and pension liabilities to your economy does this. And yet, Germany is slowly coping with it. As of 2024, after Covid, Brexit supporting Ukraine and all, Germany moved down to 8th position, letting much weaker economies pass it. So what?
In 29024 you find that the overwhelming majority of countries in serious debt are western affiliated nations .
Good to see we've come down a lot over time
At some point creditors will ask for payment and now Trump has a second term you will default.
China debt is provincial government or local government debts.
Also nearly all their debt is denominated in their own currency.
Debt per capita by country would be more meaning full
If everyone on the planet is in debt, who do we owe the money to? Mars?Jupiter?
Absolute values are useless. Put it in ratio to GNP
That's also useless unless the numbers include off balance sheet debt. Non democratic countries can easily have higher off balance sheet debt than on. IMF and world bank data exclude that.
@@michaelgothenburg364 - It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Non-sense. Exemple : for E.U. or french calculation , french public debt is 2 700 000 000 000 € but for IMF-norms 7.100 000 000 000 € ( integrating supposed due retrirements ).
Nice of the Martians to lend us all that money.
Are we technically worth NOTHING ?
To whom do these countries owe money to?
Is there a branch of the IMF close to me and how do I open an account?
To whom is all this debt owed?
That's what I've always wondered.
How will these countries pay off their debts? Or they won’t as they have the strongest militaries.
It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
But who are the big lenders? Saudi Arabia + other Middle Eastern countries?
It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
And it is just going on n on right. Which simply means, so what to all of us !! Big deal that everybody owes everyone else. Are financial institutions able to fix it !? Obviously not, when even politicians dont know what the hell is going on !
Surely that is Billions for the US….? Trump owes more than that…..🙈
Most of China's debt is internal, owed to Chinese entities. Contrary to the US, which owes everything to foreign entities. Makes a big difference come crunch time.
Agreed, and of course, your comment is being hidden. I only saw it after tapping the "Newest" option in the Comments bar.
@@motherlandbot6837 Of course, YT's clever way of censoring.
One problem with that data, china is quite tied with US, after they move their province debts to themselves, as provinces have taken own loans to finance operations, so that chinas situation wouldn't look so bad
Hasn’t that debt built the golden goose America currently has the fortune of being? Seems to me to have been a rather wise investment to this point.
Meaningless without comparison of debt to size of the country's economy. And is this total debt, including consumer, or only national government debt, or . . . . (you get the point).
So the conclusion is that debt doesn’t matter?
What a load of garbage indebt to who a printing press.
Lets compare it with how much currency was created by central banks as the debt expanded. QED its a money transfer/ tax of working people
When paying just interest each year equals the yearly budget it will over then
Now compare the households private dept 😅
National debt is only half the picture because nations also receive interest on capital lent to others. Some kind of net indebtedness is a better guide to what is going on. However no simple chart explains to you that when the rich borrow money it is the poor who are enslaved to repay it. The number of hours worked by a typical family today to keep their roof and their transport is greater than at any time in modern history. This chart doesn't show "Debt" it shows Slavery.
The US$ is the world reserve currency....so...other countries need to hold huge amounts of it to pay for trade....so...the people of the USA get to export newly printed dollars to other countries inflation free. Nice. There is a big benefit to being the world policeman.
ps The Economist estimates being the reserve accounts for 25% of every Americans standard of living.
Geeze Australia is not bad in spite of all the doom and gloom predictions from economists, politicians and media all rubbishing Oz economy.
Bit deceptive. Australia's external debt - that we owe to foreigners is currently 1,950 USD. Might become an issue if foreigners think that we are not able to service that debt. US is 26,895,758 USD and Russia 290 USD.
Mostly western countries and G20s how come Russia dont have debt
So exactly how much does the world owe all together... and the elephant in the room question.... whom do we owe it too
Can somebody explain to me who are we borrowing the money from?
The electronic Lord of the Rings music was a nice touch.
中国的债务绝大多数是内部债务。
I know right but how did the actress get the goose's neck up there ... especially since the Bishop just had a colonoscopy.
Bit like Japan where the debt is with Japan's Post Bank (borrowed off the Japanese people) if I recall correctly.
Those. Figures. Should. Be. Far. Worse. Fake. Figures
This data only include internal and external balance sheet debt. Useless information. Non democratic countries often have higher off balance sheet debt than on.
It would be more interesting to see debt/person
Who run's Barter Town.?
Do it again in six months an UK will be in Top two thank to stagnant Starmer and Rachel Thieves
Not shocked at all ...
But if you think it's looking bad now just wait until the extra dept's are add to every country trying to lower it carbon pollution to prevent global warming.
Australia is trying to reach a net zero carbon emissions by the year 2050 the problem is that current dept Australia owes will be at a minimum 5 X it current balance...
You would have to say the US will never ever repay it's current dept balance & it will get a lot worse ...
Pardon my wondering but every country & nation has to borrow huge amount that added to there dept balance during covid 19 lockdown ...given this was a forced necessary action....
Has the world bank offered to forgo any added interest to necessary depts during that time period & at a reduced repayment cost ....
that alone would give a large number of countries now suffering in economic recession a boost in the right direction that would flow onto other's just a thought .
Because it likely not long before everyone throws down the towel a declares complete bankruptcy ..the entire world economy is drowning in dept's the results will be a world that does not advance in it's technology because of no funding .. technically the world be at a standstill in the time it's in ...
It has no meaning, its all in the mind and accepted norms, but it has no real relevance.
Large amount of national debts is actually a form of credit - that investors dare to buy your bonds, because they see worthy collaterals in some form - sometimes gold reserve, sometimes foreign reserve, sometimes productivity, ... but you have to establish a history of payoff or even income - it really is no different from private sector's stocks.
It is a DEBT based Monetary System - MONEY is created as DEBT.
What's more is that the interest is never created. Debt based monetary systems ALL fail in the longterm !!!!
Wonder why america is in so much debt lol 😂😂😂😂
Wrong index: Debt per capita, or debt to GDP, or most interesting, GDP growth as % of total debt - with investment in human capital vs military
Third world countries and those with woke leaders lead the way. Make the link people and vote them out like the US did
Just you wait for the continuation in 2025, 2026, 2028, after sleepy DJTs term. CU then.
Funny how no the so call richest country is also the poorest?
Where is Germany on this list? - oh eventually!
Thanks.
Debt to who Marsians, or it's own people
To the private banks that run the given country's economy. Federal reserve for example.