Topic: World Debt Clock by nations. (Read 630 times)

Days per trillion could be a new measurement of speed.  If we compare something like Argentina inflation at 100% and their situation it might be surprising how slow their debt is yet they are in dire consequences.  The biggest difference is vast usage of Dollar world wide where as Ive never seen an Argentina note and probably never will.   Countries that have no money or no regular internal economy at least have dollar to trade and its helpful to them FIAT with utility despite its many flaws and losses.
  Perhaps if people are expecting to call a tide change they would have to guess when Dollar usage is likely to be lower, this year Ive heard multiple times complaining there arent enough dollars in circulation for them to use limiting their economy its all ironic I guess.

best 30second video to show how national debt works with many nations
remember the guy in middle is told he is in debt at start. then see where the money lands at the end
https://www.youtube.com/watch?v=pENxsLVR_Xs

when you look at world debt and realise countries owe each other in a circle, it will make sense that the debt numbers are just that, numbers

A specific indicator to be honest. Lending funds is directly proportional to the growth of many other indicators - from population to investment in the military-industrial complex and economic growth. And during this period, these indicators also increased, some more and some many times. If the graph looked more informative, you should add the indicated indicators to it, and then the correlation will be visible and it won’t look so “scary”

Well, whether they succeeded well or badly can be judged by inflationary processes, unemployment rates and other indicators of the “quality of the economy.” Something that many other countries cannot boast of.

No, actually it's not as easy as taking 1642 and dividing it by 92, you also have to factor in compound interest for inflation. According to https://www.usinflationcalculator.com/ the cumulative inflation would be 180% between those two years, and it is logical to think that they are based on official inflation data, so we can assume that the real inflation is even higher. Taking this into consideration we can safely assume that the debt is now increasing at least 6 times faster but not as much as 18x.

They made things worse exponentially since the pandemic Covid-19 but they did not make good things before the pandemic. History shows governments and central banks always make their bad management to harm Purchasing power of their fiat currencies. It happens many decades, not only started since the pandemic.

This is largely a consequence of covid and post-covid stagnation, where the state was forced to "print money" to support the population. Read how much money was given to the population in the US in the form of monthly guaranteed financial aid....

And here is the full "ranking" of countries by inflation rate (2020-2023 +/-). Over the last year.  I've chosen countries with inflation rates above 15%.

LIST OF COUNTRIES BY INFLATION RATE FOR THE YEAR
Country / Period / Value / Unit / Previous value
Venezuela Sep. 2023 318 % 395
Lebanon Aug. 2023 230 % 252
Syria Aug. 2020 139 % 134
Argentina Aug. 2023 124 % 113
Sudan Feb. 2023 63.3 % 83.6
Turkey Sep. 2023 61.53 % 58.94
North Korea Jul. 2013 55 % 70
Suriname Aug. 2023 53.8 % 56.6
Sierra Leone Aug. 2023 50.94 % 44.98
Cuba 2023 41.77 % 44.98
Haiti Jul. 2023 39.8 % 43.9
Iran Sep. 2023 39.5 % 39.8
Ghana Sep. 2023 38.1 % 40.1
Egypt Sep. 2023 38 % 37.4
Pakistan Sep. 2023 31.4 % 27.38
Burundi Aug. 2023 28.74 % 24.76
Malawi Aug. 2023 28.6 % 28.4
Ethiopia Aug. 2023 28.2 % 28.8
Nigeria Aug. 2023 25.8 % 24.08
Laos Sep. 2023 25.69 % 25.88
Sao Tome and Principe Jun. 2023 25.4 % 23.2
Comoros 2023 20.2 % 19.9
Gambia Aug. 2023 18.41 % 18.36
Zimbabwe Sep. 2023 18.4 % 17.7
Rwanda Sep. 2023 18.4 % 17.4

  We have seen inflation rise in some of the above countries mentioned by the OP, the united state with all their money still complains about inflation. Money is created against the debt for the purpose of paying back the debt. (Insane? Yes, but this is how the system was designed.) The population then works for the money, to pay their bills AND to pay taxes to pay back the debt. The amount of money created is in direct proportion to the amount of debt created.All governments on earth sold labor forward. Example: Government promises to pay $100,000 in 30 years. Bank prints $100,000 and government spends it today. Government taxes the population to pay back the $100,000. Yes, it is insane. It is a slavery system. And it was designed to be a slavery system.
   The reason any independent country ends up in debt is almost entirely through the ignorance, corruption and/or stupidity of the people who get to control the legislative body of the nation. That applies to both the people who get elected and the people who are responsible for electing them. The vast majority of “money” in today’s world is created, completely unnecessarily, as interest-bearing debt. This has happened because the private banking cartels have, over the past couple of centuries, managed to corrupt and control governments around the world. It has reached the stage when no politician has the guts to challenge the system because the central banking system is so powerful that they will impose sanctions on any nation that tries to buck the system.

Two big countries, the USA. and the UK. have very high Inflation Rate Aggregated (last 3 years).

The USA: 23.67%
The UK: 32.08%
source from truflation.com

The world is covered by abundant fiat currencies from central banks but we are living in a high inflationary time.

Do governments and central banks fix anything?

They do not and you need examples, I can give you the USA. and FED.
They printed a lot of money and they tried to fix it by increasing interest rate that does not fix anything but trigger the collapse of banks as consequences for increasing interest rate and inverted bond yield curve.



United States FED fund rate
World government bonds, yield and inverted yield curves.

I doubt austerity measures are going to be taken, government spending is a great part of the economy so any reduction there will immediately lead to a recession, and this is a scenario governments dread to face so we can forget about any decrease on the government spending, so what could be done to try to reduce the debt of governments? Nothing, the system will continue on its current inertia and changes will only come once the system becomes too unstable to work out, but no one knows when this could happen.

It is very popular and the world has many countries with government debt. It is very popular, not unpopular. Governments take action and policies that only create a crisis after another, endless. Debt becomes bigger with time and crisis becomes bigger with time too.

If a country's debt crisis is severe enough it can result in a sharp economic recession in the country that inhibits economic growth elsewhere in the world. Inflation is the rising cost of food and other goods and services as the government prints money to finance its spending. Austerity measures need to be imposed to help countries become debt free in order to sustain people's livelihoods. The measures taken by the leaders became very unpopular, but eventually the crisis was dealt with financial stability in the area and how to prevent another crisis. Debt burden has become a poverty trap for many countries current borrowing means increasing the future tax burden on taxpayers. Therefore developing countries have the opportunity to spend more of their annual revenue to accelerate economic development.

A video on the US. government debt that goes up to $32T from $16T within only 10 years.
A snapshot from the video.

Watch there.

Unfortunately, in today's conditions many countries are under a serious debt burden that we cannot predict or even imagine and when we carefully examine the macro data a much more serious crisis awaits us compared to the 2008 crisis. Due to the ever-increasing debts of many governments, unfortunately, every newborn baby starts their life with debt and the debts of every individual who continues his daily life (debt per capita) increases day by day. Especially considering the past years, we often saw that citizens of developing countries had concerns about the their future. Unfortunately, this has become a problem for all citizens of the world in today's conditions and unfortunately it is getting worse every day.

Economic conditions, which are getting worse day by day, unfortunately, cause many individuals to spend money on debt in order to continue their lives and we see that the debt amounts of individuals are increasing day by day instead of decreasing.

The more you gain, the more you create debt to get richer. So lets assume you have 1 billion income, you can get as much as 3 billion in debt, so you grow and because of that debt you start to use it for making more and now you make 2 billion, now they give you 6 billion in debt, so you use that loan to grow and now you are making 4 billion income, and they give you 12 billion in debt. See how that works? They are growing for sure but because they are making more money that means they have the credit to get more debt as well and they keep growing their debt to grow their income as well.

This is what companies do as well, they do not really wish to pay all their debt, they want to make more and more debt to increase their revenue.

That's the sophisticated clock for sure and I am wondering from where the data is getting fetched. Is it the US government that is injecting this live feed? (How?) Those are remarkable figures but I am still confused about how they can not recover their debts in time considering they also have strong exponential ongoing GDP growth. That should be taking care of that but somehow I feel that's not how it works when returning the money. Moreover, since every country has a GDP to Debt ratio of almost 100% it seems that nullifies the entire competition in the economic circle with good breathing space to return the debts. It's strange how these things work but whats amusing is, if any of the countries started going towards lower debts then does it mean it will become a powerful nation and put down the US just like that?



Huh? Print the money how? That will create more debts because they cant print out of thin air. If they started printing money just like that then inflation is the bitch that will make it's beautiful entry mate.

Thank you for posting the overview, it's a very interesting and also alarming website and map. How can the whole world be so much in debt? Even a country like Switzerland is almost at 50% debt levels. I can understand from an economic point of view that running some public debt is good to increase growth by funding infrastructure projects, but seeing debt levels of close to 100% feels wrong to me. How can a country ever pay back so much debt? Even trying to grow out of it and repay in the future seems very unrealistic and I wonder why the interest rates on public debt aren't higher. A big surprise from the list is Turkey, I always thought that they are struggling a lot and their high inflation rates makes a big problem for the economy. But seeing that their public debt is only at 48%, doesn't this give them a lot of room to increase debt to grow out of the inflation trap? I think that economist recommend a public debt level around 60%, which puts most countries so far above that level. Why isn't there more pressure on politicians to fix their budgets and not run deficits every year?

Exactly my point, the debt of the old is quite considerate and how it came up was crystal clear. My wonder is, with the luxury of printing as much USD as America wants, how is their debt rising to heights never seen before and they still print more. One will expect their debts to reduce as they print USD.

The one that owns the world are the humans. We already dealt a lot of damage to it. The debts are on our own hands, not in the world. But the whole country or the whole world is now experiencing it because the life now is getting tougher and tougher. Solving the debt via printing numerous amounts of cash is not the perfect solution to it, but it will only worsen the problem. If you already understand the debt of the old America then that is not different from the new America or any other country right now. No need to confuse yourself anymore.

This is like the n'th thread about world debt in recent times which is weird since global debt has, will and shall always be a thing which the world has gotten used to. This isn't some doomsday scenario or something.

The US will simply keep raising the debt ceiling again and again and they will be fine as we have observed time and time again.