I really like the design of those lists.
It's funny how Russia has the best debt/GDP ratio, while Japan has the worst. I used to remember that the Japanese people were pretty motivated at saving more money, but on the other hand, the Japanese government has enormous debt. China also has big hidden debts.
We might be heading towards mass government default in the near future. I don't see it as a tragedy. A mass default and a global Great Depression will be necessary for the global economy to get rid of all this debt. The world will sooner or later find an alternative to the fiat/banking/debt oriented/money printing financial system.
Topic: World Debt Clock by nations. - page 4. (Read 554 times)
Thanks for sharing this, but without wasting time, the national debt is insignificant in most ramifications, it doesn't prove the strength and health of the economy of a nation in most cases, particularly for those developed countries. If you look closely, there's one thing that is so common in the statistics of the national debt, and that is the fact that it's the rich countries of the world that take the first seats in there.
Nevertheless, do not forget that the money didn't fall from heaven, they are collecting it from somewhere, and they are also the chief contributors there (where the loans originate from).
This means a win-win for them than how it looks on the surface.
Nevertheless, do not forget that the money didn't fall from heaven, they are collecting it from somewhere, and they are also the chief contributors there (where the loans originate from).
This means a win-win for them than how it looks on the surface.
The world is under massive debts by national governments and central banks's monetary over prints.
People have been excited about these numbers for at least 30 years. "The first National Debt Clock was installed on February 20, 1989" https://en.wikipedia.org/wiki/National_Debt_Clock It doesn't change anything. They keep going up and the average joe has no idea what they mean except that it's such a large number that it's hard for him to read it.
It is difficult for these numbers not to increase with the growing demand for cash (resulting from the growing number of goods) and new money in circulation is issued only through debt
It's not just central banks that print. Every retail bank granting regular loans prints this to a much much greater extent. Thats how current monetary system works. Even a commercial banks can lend money it does not have ("Lend into existance")
This article explains how the majority of money in the modern economy is created by commercial banks making loans
The ratio of debt to GDP is much more important than the value of debt
The world is under massive debts by national governments and central banks's monetary over prints.
The website with stats for national debts, USA. state debts, Gold supply and demand by nations.
World Debt Clock
US. Debt Clock
Gold demand by countries in ounces
USA. has biggest national debt, China has biggest gold demand.
Central Government Debt Map in 2022 from International Monetary Fund (IMF).
It is shared by jasonjm.
https://www.imf.org/external/datamapper/CG_DEBT_GDP@GDD/CHN/FRA/DEU/ITA/JPN/GBR/USA
Two more charts for US debt. Post-Pandemic Debt Dynamics is terrible for US. citizens.
source from truflation.com
The website with stats for national debts, USA. state debts, Gold supply and demand by nations.
World Debt Clock
US. Debt Clock
Gold demand by countries in ounces
USA. has biggest national debt, China has biggest gold demand.
Central Government Debt Map in 2022 from International Monetary Fund (IMF).
It is shared by jasonjm.
Two more charts for US debt. Post-Pandemic Debt Dynamics is terrible for US. citizens.
source from truflation.com
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