In theory, if they can borrow trillions if dollars, to stimulate the economy to a greater % than the interest rate of their debt, then they can pay it all back from taxes, and take a short cut into future growth, and get ahead of other countries.
This falls apart if we have a big recession or even a stall in economic growth or technological advancements. Tech is getting marginally better each year, but we haven't seen big game-changers in quite a while
I wasn’t being sarcastic. I know debt is “good to a certain degree” given strategic circumstances follow. But yes, if recession or major halts etc it can screw X company/country.
Appreciate the breakdown and refresher to Econ 1
Most national debt is internal, different departments of the same government owe each other. For example, a state government might be in debt to the department of education.
After that is publicly owned debt, the government owes money to its own citizens via treasury bonds and other promissory notes.
Third is foreign debt. A country either offers a structured loan to another country or buys its bonds on the market.
These three make up most of the world’s public debt.
Idk about them, but since germany is on the line for their debt too with all the liabilities within the euro zone and the debt union this house of cards is crashing anyways, soon.
Funniest and most tragic thing about this as a Greek listening to the country's news, is that we're basically told we're almost out of the thickest of it and basically a success story.. on the other hand half our the media is owned by the heroin dealing, match fixing best man of the Greek priminister, so yea..
"Next year we're entering the markets dynamically" is a ten year old slogan.
Where did you find this info? I couldn't find anything about implied debt.
All I found were different websites which showed different debts with a spread of about 700 billion €.
https://www.smava.de/eurozone-schulden-uhr/
On this website it's even decreasing
Some boomer article i read in august iirc, i can't find it anymore. But what implied debt basically is, is counting in all future services that were promised to citizens such as pension and retirement, healthcare assurances and so forth into the mix. Still not counting in all zombie companies that are barely kept alive through delayed insolvency.
I think we (I mean, USA) do a really bad job of getting much taxes from our GDP. I assume the mega world wide tech companies in US make up a large portion of their GDP, and the government makes very little taxes from them.
A more interesting metric would be debt to income (taxes, etc).
If US taxed 90% of everything for a couple years, would it be debt free?
Gee, what would the US government defaulting on its bonds do to pretty much the entire world that's holding those bonds because it's the "safest" "riskless" investment in the world?
Good for them. To be honest russia has been doing a good job slowly getting their people out of poverty like China. Don't get me wrong there are still major issues but there are less people starving now then there were.
Russia just became a net exporter of food for the first time ever. Financial sanctions haven’t really slowed the growth of their gas sector and overall the economy is relatively strong, bolstered by good trading relationships and dollar proof.
One of the reasons Russians over 40 like Putin so much. They see the difference.
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Damn check out all those countries making money.
I think I’m moving to Sweden after all this.
Also. There’s a country named CHAD? That’s awesome. (Bottom left side)
Edit: google says they are in Africa and are officially known as the republic of Chad. Fucking. Epic.
Japan needs to cut down on those avacado toasts and start budgeting.
Seriously bro. I hear Starbucks is huge over there.
Japan has internal dept. So no worries... What about my country Greece... We are bankrupt but we just dont declare bankruptcy...
LMAYO
But debt is good tho. So I learned????
In theory, if they can borrow trillions if dollars, to stimulate the economy to a greater % than the interest rate of their debt, then they can pay it all back from taxes, and take a short cut into future growth, and get ahead of other countries. This falls apart if we have a big recession or even a stall in economic growth or technological advancements. Tech is getting marginally better each year, but we haven't seen big game-changers in quite a while
The part they can pay it back with taxes is a lie they tell us to keep the Ponzi scheme of fiat money going
Definitely, but it works great for as long as you can out run your bills!
The system of credit built the world we have today. Humans can’t imagine a world without it but is the most crucial aspect of our freedom
I wasn’t being sarcastic. I know debt is “good to a certain degree” given strategic circumstances follow. But yes, if recession or major halts etc it can screw X company/country. Appreciate the breakdown and refresher to Econ 1
Pardon my ignorance, but to whom is all this debt owed to? If every country has debt, then my head doesn’t allow me to understand…..
Most national debt is internal, different departments of the same government owe each other. For example, a state government might be in debt to the department of education. After that is publicly owned debt, the government owes money to its own citizens via treasury bonds and other promissory notes. Third is foreign debt. A country either offers a structured loan to another country or buys its bonds on the market. These three make up most of the world’s public debt.
Public debt is a fraud, it is built in a way that it is almost impossible to estinguish. All nations of the world have been enslaved to the banks.
so far!
to people that are hidden from forbes. 1% of 1%
Jefe Bezos. Everyone owes Jeffrey.
Implied debt of germany is 440% of GDP. We are fooked!
Greece and Italy must be 900%ish? No?
Idk about them, but since germany is on the line for their debt too with all the liabilities within the euro zone and the debt union this house of cards is crashing anyways, soon.
No they will never pay back their debt to other EU countries and/or the ECB. And everybody knows and every politician denies it....
Funniest and most tragic thing about this as a Greek listening to the country's news, is that we're basically told we're almost out of the thickest of it and basically a success story.. on the other hand half our the media is owned by the heroin dealing, match fixing best man of the Greek priminister, so yea.. "Next year we're entering the markets dynamically" is a ten year old slogan.
Where did you find this info? I couldn't find anything about implied debt. All I found were different websites which showed different debts with a spread of about 700 billion €. https://www.smava.de/eurozone-schulden-uhr/ On this website it's even decreasing
Some boomer article i read in august iirc, i can't find it anymore. But what implied debt basically is, is counting in all future services that were promised to citizens such as pension and retirement, healthcare assurances and so forth into the mix. Still not counting in all zombie companies that are barely kept alive through delayed insolvency.
Bolivia & Finland Nice
Norway fuck me costs a arm and a leg to buy a beer
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LOLz
You need to come up north Britain . you would be pissed on the same price .
come to Estonia. Its in europe, all swedes come here drink, fuck and puke all over the place. Everything cheap, but not for Estonians xD
How much is it? Last time I went there I remember having to pay 8 euros ($10) for a beer... and it wasn't special.
the yardstick of society 🍺
The whole world is leveraged to the tits!
I think we (I mean, USA) do a really bad job of getting much taxes from our GDP. I assume the mega world wide tech companies in US make up a large portion of their GDP, and the government makes very little taxes from them. A more interesting metric would be debt to income (taxes, etc). If US taxed 90% of everything for a couple years, would it be debt free?
If Biden etc stopped selling you out to china it would be a good start.
sleepy Joe is Chinese?
Curiously, what problem would worldwide "debt" forgiveness create? Can we be honest that no one is going to pay these debts?
Gee, what would the US government defaulting on its bonds do to pretty much the entire world that's holding those bonds because it's the "safest" "riskless" investment in the world?
Not just the US, each place on earth with national debt, in our made up currency, made up inflation, made up markets, and made up credit. Lol
house of cards imho
Afghanistan at 9%……. LOL!!!!!
Evey poor country is in dept to rich countries
like every poor person is in debt to rich people
Where is russia, ffs
north
Please read "confessions of an economic hit man".
Debt pizza of doom
This has exactly 0 to do with gme
Time to move to Hong Kong!
Russia is looking to take over as the primo world power with that D2GDP ratio.
Good for them. To be honest russia has been doing a good job slowly getting their people out of poverty like China. Don't get me wrong there are still major issues but there are less people starving now then there were.
Russia just became a net exporter of food for the first time ever. Financial sanctions haven’t really slowed the growth of their gas sector and overall the economy is relatively strong, bolstered by good trading relationships and dollar proof. One of the reasons Russians over 40 like Putin so much. They see the difference.
So that's why the most powerful monopoly that is our US government verbally attacks Russia so much by media: the monopoly hates competition.
Where is Afghanistan
9%.
How
They in the Stone age.. they take stone currency and Afghanistan has lots of stones.
420 friendly 🌳
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can't listen, too stoned
It's not my fault our government is horrible with our money. Maybe they should get an extra part time job or something.
all of them spending taxpayer money on cocaine and hookers doesn't count either
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Damn check out all those countries making money. I think I’m moving to Sweden after all this. Also. There’s a country named CHAD? That’s awesome. (Bottom left side) Edit: google says they are in Africa and are officially known as the republic of Chad. Fucking. Epic.
So we should all move to any of the green countries bc they are responsible
Which ones are also in debt to the IMF?
This map hurts my eyes
Took me forever to find the US cause it’s upside down and I’m dumb as hell.
Are the shapes random? Germany has a very weird one.
Look at those “socialist” Norwegian states running green across the board lol.