Topic: World Debt Clock by nations. - page 2. (Read 554 times)

Country expenses is too high so the leaders of the country need to seek assistance from other so they can build the things they need for the community to sustain their current living and give a lot of opportunities to their people, we cannot avoid having this debt reason why there's a lot of country seeking it and giving those because they have some rights to have a percentage of the income if the country does not have the capability, one of those listed is my country too even the child not yet old enough they have a debt need to pay. Additionally with it is inflation that increases the price of the things you can see in the market, there's an inflation but theres no increase in the salary to get a balance reason towards the country gets more lower GDP.

Gold demand for reserves is just 1/8 of the total gold demand, at 22 million ounces is just 40 billion globally for all CB, Norway made $50.2bn just in 2022 from oil and gas, and Apple sold $205.49 billion of iPhones. Even for countries that buy a lot of gold compared to others, the numbers are just tiny compared to their whole economy. What you see in India and China is just domestic demand, people like gold, people like jewelry, just as in some parts of the Middle East, in Japan gold jewelry for example has no traction whatsoever, nor does it in Northern Europe.

As for what they use the cash for is mostly direct savings in savings accounts, treasury bonds and pension funds.
Saving money via rare metals is a pretty scarce method in Europe, and if they do they do it in the form of jewelry, not bars!


Or you could move to Nigeria, it has only 21% debt to GDP ratio,  but somehow I think this might be misleading.
Just to make sure, go to Congo, it has only 16%, I think you will have a way better life there than in Spain...


It has always been like that.
If I'm indebted to you $100 000 , I have a wage of $100 000 a year but I have $600 000 in savings, am I in trouble?
I'm pretty sure Japan is taking notes about managing its debt from Afghanistan which has only a 7% debt-to-GDP ratio, I heard they are moving their entire Gundam production line there!

The US is borrowing money from their own banks so they really aren't that quick to paying those debts plus if you are a country that has loaned to US, I am sure that paying the debt isn't the best thing you can do, favors go far more than just a lump sum payment of the debts they've incurred. What I mean by the favors is that the US will be on your good side or you can ask for a different kind of payment, you know like a military hardware to upgrade your own military. To answer your question about them paying that back, I don't think so, they're probably just going to raise the debt ceiling so they can justify printing more dollars to circulate on the global market.

Sounds to me like "U.S. government debt." it is more an object for mental self-satisfaction, envious of the U.S., but .... but not ready to improve their country. Look at the countries with a small national debt compared to the US. And not only in total, but also per capita. There are a lot of countries with "excellent" indicators. But ... none of you will want to move there.) At the same time, people go to the US year after year from all countries, including those where "there is no such terrible debt and no collapse ahead" Don't count other people's debts - make life better in your own country !

The idea was to basically slow it down and try to just increase the rates, which would put the money in the banks and not out in the market, and that would result with less money in the market. This would mean that inflation would slow down because there isn't money spreading to everyone, and when the inflation drops to good levels they would lower the rate a bit, which would make money go into markets slowly and gradually and they would be able to say it was a success.

Obviously, it failed and it got the inflation high AND money out of the markets, which caused a level of recession, nut a huge one but still some. This is why I believe that we are going to end up with terrible results and why this debt is so huge.

I remember seeing this "debt clock" for the first time a few years ago.  I wonder how accurate it truly is.  That being said I actually just had a discussion with a client the other day about the US national debt.  I stated to her that "US treasury bonds are considered the safest investment on the planet".  She sort of fired back "Oh I don't know, we have more debt that anyone /any country in the world".

What many fail to understand is this is the case because the US has the worlds best economy by far, therefore are able to have such high debt (not that I don't think it should be lowered as is getting a bit out of control). 

Norway is engaged in a lot of external investment portfolios with high returns and managed risks. Plus, their economy is robust, which resulted in a currency that is stable enough to not need any support from a hedge like gold. I think what we can 'request' for is a country with good governing figures that believe in the importance of ethical governance that promotes transparency and accountability rather than leaders who are trying to amass as much money as they can while they are seated.

You can't have that nowadays unfortunately, especially if the citizens remain misinformed about their choices in their leaders. Norway managed to not have any dependency in gold because they have leaders who are dependable when it comes to policy making and running the economy.

You can't run a country debt free. They are different kinds of debts like domestic debts, where countries borrow from private individuals. These loans can't be paid. It's what keeps the country going. It's not that simple to run a nation. The money required is enormous. Especially for a US government. The only beneficiary is the business or resources the lender would enjoy in the country. Looking at it, the possibility relies on the amount of money the country generates with the borrowed funds. US is a country that can easily clear off those debts if it was mandatory. Or would affect the growth of the nation. I don't think those loans are being paid with fiats like we think. Most times natural resources or products are issued to the nation in return. It's not a thing of shame. Even top rich men borrow money to sustain their businesses. Despite having lots of money. You'd see that those loans add momentum to the already existing funds. Imagine the number of allies attached to US government. Such an amount won't be a problem. It's better to borrow when you have money, than when you don't. Borrowing doesn't signify that the receiver is broke or poor. Like the perspective I've seen on some responses. As a government, they need to think 20times ahead of the citizens. To be able to efficiently protect and run the country. Remember they control the money. Pay thousands or millions of citizens; salaries. Maintain facilities that entice people; electricity, water etc. You'd see that, with the few minor things needed to operate a society, it' never, no matter what we think, easy to run a country.

This sort of debt clock is a bit of a joke really, but it makes good entertainment for some people it seems. The debt limits that countries impose on themselves are part of good governance and symbolic of a responsible country with politicians who are trying to keep the books in balance. Anyone can spend money like crazy (look at certain countries in the middle east who have a seemingly endless stream of revenue from oil reserves) but trying to balance income with outgoings, while running a sensible debt load that other countries are still interested in purchasing, is truly the hardest part of running a successful country. It's interesting to see the stats for sure, but you're just doing advertising for them as it's only useful information to a certain point.

Gold demand is the most shocking one to me, there are some rich nations that doesn't really demand gold apparently, I wonder what other method they prefer? I mean if you are a rich nation like for example lets say Norway, and you are not in the gold demand but you are in the list and have a high GDP as well, then what is it that you are requiring in that situation? They could demand a lot more gold than many other nations in that list but they are not, which means that they must have figured out something else that they could request, what is it?

Maybe we could switch to that as well, maybe what they found is a lot better than gold and could return as a good idea? We need to stop asking for gold all the time because it is not really helping as much as people think it does.

Nigeria also faces this impending doom with how much debt that the country is into. Bad leaders borrowing just for any reason when Nigeria is so blessed that we should be the country lending to other countries.

Nigeria is indebted to China heavily, then France, India, Germany, Japan.

As at March 2023, Nigeria owes $5.16Billion, higher than the figures from December 2022 where it was still $5.07billion.

Nigeria owes China - $4.34bn
France - $593.75m
Germany - $144.75m
Japan - $62.02m
India - $26.64m

 source

I think what the IMF map shows is that the amount of debt a country's in doesn't correlate, neither positively nor negatively, with how well the country's doing economically. The US is world's #1 economy, and it's in the most debt. The UK's also strong and in a lot of debt. At the same time, there are lots of African countries that are doing very poorly, but are in less debt, and Norway with a small amount of debt and doing really well.
I'm not saying that taking debt seriously isn't important, but debt itself clearly doesn't seem to mean much, unless other things are factored in, and an economy can be strong with a lot of debt, weak with little debt, and a lot of other things.

Again one of those alarmist charts where the world is doomed, the US will turn poor, the soveits will reign supreme as....
Yeah, 89 garbage being deflated over and over!

Instead of focusing on GDP one should focus on those tiny letters no doomsday lover wants to mention, so let's look at both the current one and the 2000 chart!
https://www.usdebtclock.org/index.html
https://www.usdebtclock.org/2000.html

2000:
Debt per citizen, $19 000!
Now
Debt per citizen $100 000!

2000:
Assets per citizen, $190 000
Now
Assets per citizen, $650 000!

So, if we look at assets - debt per citizen we had
2000 > $171 000!
Now  > $460 000!

Clearly, the US is doomed!!!
Imagine your assets after debt tripling in 20 years, clearly a sign of a catastrophe, probably triggered by this wave of sarcasm!

Most of their debts are from their own banks so they really don't have to hustle it out to pay those debts and the US government owns the Treasury anyway, I don't think that we're going to see US ever paying those debts.
They've considered that a long time ago, I don't think that the debt will go in the trillions if the government knows it's going to be bad for them. Oh, they're not funding those wars, they're selling those arsenals that they've sent there, it's not charity that they're doing in those warzones, the US is doing business there, what they're funding are covert ops or rebellions because they're cheaper compared to a real war, why release all these money when you already have the weapons that you can rent to them.

With a >135% public debt ratio, should I start thinking on moving from Spain? (definitely not to Portugal, with an even higher ratio...).

On the other hand, one could think that colours in the "Central Government Debt Map" are wrong: why is it worse blue or green than orange?

But taking these data alone we can't know the whole picture: debt is not desirable at first glance, but it can lead to growth in the mid term if the money is well used. You could prefer to have a loan to create your company rather than being jobless, so why would it be necessarily bad for a country to have (non-estructural, if you want) public debt?

This is not only debt incurred by one person; I think that the debt of most of those countries is a big debt from the World Bank. For example, my country is owes some billions of dollars on that debt list. They claim they have used the money for some project work in the state. This same government is made up of people who are not in support of Bitcoin; they don't want citizens to freely adopt Bitcoin, and as such, they would not want to invest in it unless they were doing it secretly without anyone knowing. But I get your point: if they invest in Bitcoin and hold it until the bull market, they would definitely have enough profit to repay some of those debts.

After they printed money, they can not get it back because an economy works more complicated than simply making a phone call and you will get all money you printed back.

Their failed monetary policies only cause the economy worse. From Positive Yield Curve to Negative Yield Curve (Inverted Yield Curve), they actually pull trigger to cause many bankruptcies for commercial banks and deaths of many companies.

World Government Bonds, Yields and Inverted Yields
26 countries have an inverted yield curve according to https://www.worldgovernmentbonds.com

The slope of the chart which indicates the rate at which the national debt is increasing, is the scariest thing here. There doesn't seem to be any effort being made to "fix the economy" in the past 40 years, each government's solution is to print more money and the more they print the more they'll end up needing!

The even scarier part is the way the world is seeing US dollar these days as they are slowly dumping it. They are also dumping the US bonds (the debt they had bought) which is slowly but surely burying US economy...

The Total Public US. Debt crosses $33 trillion but will it stop there? Unfortunately, it won't stop there and we will see many new all time highs for US. Debt.

Consequently of national debts, purchasing powers of fiat currencies decrease with time like the US. dollar.

Purchasing power of the US. dollar over time
Data is from
Bureau of Labor Statistics – Consumer Price Index
Morris County Library of Historic Prices

The United States Government debt accounted for 121.6 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 120.1 % in the previous quarter. US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Jun 2023. = Source : https://www.ceicdata.com/en/indicator/united-states/government-debt--of-nominal-gdp

We should consider that it is growing and that it can quickly snowball into a huge problem, if the country has to go to war. (USA are already funding several wars all over the world)