Which country is in the most debt?
Twitter: https://twitter.com/h0serr
Business Email: h0sermailYT@gmail.com
Keynes would’ve loved this one.
Sources:
https://www.imf.org/external/datamapper/CG_DEBT_GDP@GDD/CHN/FRA/DEU/ITA/JPN/GBR/USA
https://www.visualcapitalist.com/global-debt-to-gdp-ratio/
https://www.cbo.gov/publication/58888
https://www.mof.go.jp/english/policy/budget/budget/fy2022/01.pdf
https://worldpopulationreview.com/country-rankings/debt-to-gdp-ratio-by-country
https://www.imf.org/-/media/Files/Conferences/2022/12/2022-12-12-global-debt-monitor.ashx
https://www.thebalancemoney.com/who-owns-the-u-s-national-debt-3306124
https://www.cnbc.com/2012/01/31/The-Biggest-Holders-of-US-Government-Debt.html#:~:text=Social%20Security%20Trust%20Funds&text=The%20largest%20portion%20of%20U.S.,Security%20Trust%20Fund%20or%20OASDI.
https://www.statista.com/statistics/756192/japanese-government-bonds-by-type-of-holders/
https://www.reuters.com/markets/asia/japans-debt-time-bomb-complicate-boj-exit-path-2023-02-10/
https://tradingeconomics.com/country-list/rating
https://www.reuters.com/business/finance/argentinas-new-imf-deal-pushes-default-fears-down-road-2022-03-04/
https://www.fdiintelligence.com/content/news/the-imfs-top-10-biggest-debtors-81405
https://www.imf.org/external/np/fin/tad/balmov2.aspx?type=TOTAL
https://www.imf.org/en/Countries/ARG#countrydata
https://www.bangkokpost.com/business/1827229/argentinas-national-pastime-hating-on-the-imf
https://www.irishtimes.com/opinion/2023/01/25/paul-krugman-does-america-have-too-much-debt/
https://www.investopedia.com/articles/investing/070115/understanding-downfall-greeces-economy.asp
https://equitablegrowth.org/must-read-paul-krugman-debt-good/
https://www.nbcnews.com/id/wbna43600432
Crashed – Adam Tooze
http://piketty.pse.ens.fr/files/Henochsberg2016.pdf
https://www.imf.org/external/np/fin/tad/extarr2.aspx?memberKey1=400&date1key=2012-03-31
https://www.cato.org/cato-journal/fall-2021/impact-public-debt-economic-growth#studies-that-explore-the-existence-of-a-nbsp-threshold
https://debtjustice.org.uk/press-release/sixty-four-countries-spend-more-on-debt-payments-than-health
https://www.eurodad.org/outofservice_press
https://www.brookings.edu/articles/odious-debt-when-dictators-borrow-who-repays-the-loan/
https://www.piie.com/microsites/greek-debt-crisis-no-easy-way-out
https://www.federalreservehistory.org/essays/latin-american-debt-crisis
https://policydialogue.org/files/publications/papers/The_Latin_American_Debt_Crisis_in_Historical_Perspective_Jos_Antonio_Ocampo.pdf
https://www.amnesty.org/en/latest/campaigns/2023/06/on-zambia-health-and-public-debt-alternatives-to-austerity/#:~:text=Between%202018%20and%202021%2C%20debt,2018%20to%208%25%20in%202022.
https://www.businessinsider.in/finance/news/highest-sovereign-defaults-in-2022-two-in-2023-moodys/articleshow/99490791.cms
https://www.newyorker.com/news/john-cassidy/the-reinhart-and-rogoff-controversy-a-summing-up
100,000,000,000,000*
asking if debt is good is the same as asking if hard drug is good for you. Stupid
Wait, hold on. Who has the most debt? I didn't catch it.
"What even is debt?" Debt is the force that CREATES wealth. As opposed to the obsolete Gold Standard which severely restricts how much wealth can exist, wealth created by Debt is practically unlimited.
— The key is the ability to repay. Repayment converts paper debt into REAL money.
— The limit on how much debt can be issued is the limit of the ability of repayment. So the limit on how much WEALTH a nation can create for its citizens is the ability of that nation to repay. A strong educated healthy confident citizenry can and will rapidly convert debt into REAL Wealth.
— The problem is the Putanists Lef tists Que and Extre mist propagandists that corrupt our media with F E A R of debt, thus attacking the confidence of the citizenry.
Yes, we owe Jupiter a big sum of money. Also Saturn is growing inpatient.
What you fail to mention is that it's all a scam because it's literally impossible to pay off the debt.
Why? Because when the "federal"(actually privately owned) reserve creates money by lending it in to existence, it takes a cut by demanding it be payed back with interest. So if they issue 1 million dollar they want 1 million and some more back, but you can't pay back that extra because without them creating that money to begin with, so there is no way to pay them back unless they create more money, so you have to lend more to pay them off thus you inevitably just get further and further in to debt.
why does it sound like all of finance boils down to the vibes; how much general trust exists among creditors?
it's me
Oh Brazil is BB- 🙁
God isn't capitalism great guys????
Debt repayment is important, but why would anybody decide to spend 5x more on repayment than healthcare? A bad public health leads to less efficient work, which in turn increases the need for debt.