Global Debt Hits $184 Trillion and 11.4% of it is From the US: Big Bubble?

South Park

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Quote from: cellard on December 18, 2018, 11:22:19 PM

I always like how final Bitcoin total supply is 21 million and US debt is around $21 trillion, I almost want it to stop at there so when BTC is $1 million a coin it will match, but at this rate we are going to hit $22 in no time.

Bond market will probably crash during next decade and I expect a lot of wealth to go towards neutral assets like gold and Bitcoin, and Bitcoin will hit huge valuations by then due how small it is right now.

Debt just cannot be paid back ever, we hit a point of no return, it's just a game of presidents kicking can down the road passing the hot potato to the next guy hoping it doesn't explode during their term.

What can Trump or anyone else do realistically to start shrinking the debt at a rate that can make investors think that it's unironically going to steadily go down?

I agree with the idea that the current debt levels cannot be sustained which means that during the next decades we will probably see the birth of a new economic system and when that happens there is a huge opportunity for those that are prepared to take advantage of it, and I really believe that all of those that are holding bitcoin at that time are going to be in a great position to do it, but what bothers me is that many people that did everything the right way are going to suffer because of the incompetence of politicians.

cetald

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Due to the fall of the US stock market, a huge number of pension funds may have problems with the payment of pensions. Because pension funds are actively investing in the stock market. And this is a global problem. And the number one threat.

St4yInTh3D4rk

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This is how the fiat system suck our money by giving loans,make us in debts and causing inflation and again loans this cycle will continue forever if we are still trusting this fiat system in our life.We already have the opportunity to prevent us from any other future damage like crypto currencies but still people stick to the corrupted fiat system.

magneto

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That's why I don't place any trust in the fiat system. It's solely based on debt, and people's willingness to take out loans.

I don't think this marks a healthy economy even if it appears to be growing, because most of the time, it is just fueled by cheap credit that is available at any bank. It's also why financial crises happen so easily, a default can trigger many others.

Correct me if I'm wrong, but I don't think that this figure even covers all debt (only national debt). That just shows how crazy things are.

Bitcoin offers a safe haven which is decentralised, and completely independent from this debt based system, which is the reason why I do believe in it for the long run. You just can't borrow more bitcoins into existence.

andika2018

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Many economic expert predicting that 2019 will be not good for global economic because recession will come. Global debt always increasing because central banks or The Fed always print money to boost growth and it causing higher inflation. If crisis happen, i am believe cryptocurrency will be a good investment

aoluain

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The system has to implode at some stage, it just cannot continue to increase.
Debt, debt and more debt, society is being fed this, capitalism and commercialism
are feeding it and society are buying it. Everyone wants the new car, the big
house, the latest fashion and the latest gadgets, it all comes at a cost and we in
general keep borrowing and spending, But when the bubble pops its the public
who will pay.

stompix

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Quote from: yrrehc16 on December 20, 2018, 09:34:45 AM

To whom the world got the debt? are we getting some loan from another planet?

Pretty simple, the US is in debt to Japan, which is also in debt to the US.
It's like me owning you 10$ and you owning me 12$. Out debts are 22$ but also just 2$.

There was a nice graph on the BBC website after the crisis:
https://www.bbc.co.uk/news/business-15748696

You see France had to pay Germany 123bn and 202bn to the US.
But Germany also had to pay France 205bn and the US 440bn.

Of course, those are details, as they show a calmer image it's not that interesting, we need news that the purge will come! Wink

Harlot

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Quote from: yrrehc16 on December 20, 2018, 09:34:45 AM

To whom the world got the debt? are we getting some loan from another planet?
This is why we need to have the cryptocurrency, we don't know how fiat getting some debt!
Unlike in cryptocurrency we know and everything has its record.

When they are talking about debt they might be referring to the treasury bonds (debt security) they have yet to be paid to the individuals or corporations they have borrowed money on. But don't worry all debts are still paid the government as being sued for an unpaid debt by any person is a much more expensive way of repaying that. The problem I see here is the US government didn't have the right expected income from what they are doing that is why the debt ballooned to that kind of amount. Even though US has the largest debt they are actually still making a good flow on it unlike countries who have fallen from such kind of way.

Nahl

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I think in the middle of global crisis almost every countries have debt but i was never knew sure why US debt seems increasing but i have been watching the news that one of the biggest expenditure for US government because they use their foreign exchange reserves for military and they had spend a lot of money to makes their military stronger

Xardasim

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If such debt had existed in any other country, they would have already collapsed. America can produce as much USD as they want and with this money they can close debts. But it will be worthless after dividing up 21 trillion USD with other countries.

yrrehc16

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To whom the world got the debt? are we getting some loan from another planet?
This is why we need to have the cryptocurrency, we don't know how fiat getting some debt!
Unlike in cryptocurrency we know and everything has its record.

dothebeats

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As long as the bankers keep on printing money and the government keeps on approving them, the global debt will hit higher numbers and would just implode from within. Idk why this system is allowing to produce more debt when nothing is ever being repaid and the government just allows printing more money to cover up for the blunders along the way. The Fed had shifted its interest rates higher recently but I don't think it's sufficient to prevent the implosion from happening that would mark yet another recession.

tdrinker

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Quote from: Dondont on December 20, 2018, 12:34:17 AM

Quote from: cybersofts on December 18, 2018, 01:40:33 PM

Possible Recession
Global debt is continuing to increase at a consistent rate and if the instability of the global stock market is sustained throughout the months to come, the record high credit card, mortgage, and student loans could accelerate the decline of financial markets.

Reference: https://www.ccn.com/global-debt-hits-184-trillion-and-11-4-of-it-is-from-the-us-big-bubble/

In fact, the biggest problem with the increase in global debt is also due to the increasingly unstable global economy, especially because of the USA-China trade war and also because each year the bank's interest continues to be increased to strangle all personalities and companies involved in it.

Interest rates are increased by the FED. This then has a knock-on effect to banks, it is not that banks make the choice themselves. The FED choose to increase interest rates when they feel the growth of the economy may become too high due to excessive borrowing.

Dondont

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Quote from: cybersofts on December 18, 2018, 01:40:33 PM

Possible Recession
Global debt is continuing to increase at a consistent rate and if the instability of the global stock market is sustained throughout the months to come, the record high credit card, mortgage, and student loans could accelerate the decline of financial markets.

Reference: https://www.ccn.com/global-debt-hits-184-trillion-and-11-4-of-it-is-from-the-us-big-bubble/

In fact, the biggest problem with the increase in global debt is also due to the increasingly unstable global economy, especially because of the USA-China trade war and also because each year the bank's interest continues to be increased to strangle all personalities and companies involved in it.

bitcoinman18

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Quote from: marcelocoin on December 19, 2018, 04:27:51 PM

high interest rates, inflation of fiat currencies, countries of bankruptcy, we hope the crypto coins will help us when this world debt bubble burst!

Hopefully they don't go down with the debt bubble. It's a possibility.

marcelocoin

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hi =D

high interest rates, inflation of fiat currencies, countries of bankruptcy, we hope the crypto coins will help us when this world debt bubble burst!

iv4n

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Quote from: LeGaulois on December 19, 2018, 02:08:00 PM

Borrowing money is a national sport in The US, they get loans to buy everything, from TV to house. As a student you can get a loan without the need to give a proof of income, so students use it to finance their university. But they will have debt up to 45 years old, considering they find immediately a job once they get their diplomas.
All loans are money created with the fractional reserve, the money doesn't exist physically.

Cash is physical, I have some informations, I don`t know where I saw it, that less than 10% of all money in the world is cash, rest is just numbers written on some paper. It`s one of the main reasons why will people turn to crypto, they don`t wish inflation`s, they don`t want made up stories, they wish proof, and algorithm is that proof.

Quote from: jjjfff on December 19, 2018, 12:21:39 PM

The whole world is working for 15 bankers who get to print their own money.

This system is insane.

It looks like that, just the ones on top have benefits from this system, classical pyramid where ones on top take a shit on the ones bellow, in the end on the bottom you have ocean of shit, and everyone there wish get out from there. It`s insane, it`s crazy, it`s everything, there isn`t explanation for this system and that needs to be changed somehow, I hope that crypto have an answer, nothing else can help us.

LeGaulois

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Borrowing money is a national sport in The US, they get loans to buy everything, from TV to house. As a student you can get a loan without the need to give a proof of income, so students use it to finance their university. But they will have debt up to 45 years old, considering they find immediately a job once they get their diplomas.
All loans are money created with the fractional reserve, the money doesn't exist physically.

jjjfff

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The whole world is working for 15 bankers who get to print their own money.

This system is insane.

upsidedown75

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Debt is something alright if you can get it back higher later on. Lets assume you have a company and you are worth 10 million dollars and you make a million dollar revenue every single year, if you buy the next competition and get bigger you basically lost money and owe the banks a loan and you have a debt but since you bought the competition now you are worth 20 million dollars and have a 2 million in revenue. That is smart move and even though you are in debt you got bigger by getting it.

If USA achieves a way to sustain this, they can have hundreds of trillions of dollars in debt as long as they get better revenue for it. However the problem here is that sometimes they don't, they just get bigger and bigger in trouble and that is why they need to find a better way to fix this, it may work for a while but a country doesn't bankrupt like a company, it would be horrible for all citizens.

Topic: Global Debt Hits $184 Trillion and 11.4% of it is From the US: Big Bubble? (Read 390 times)