The debt ranking of the world's countries is truly impressive. The national debt is accelerating, and this does not even include the excessive payment obligations that politicians have entered into over the course of time in their social and pension systems. This is a multiple of the debt that awaits future generations and is by no means financed. The question is, which ponds and economic waste dumps will absorb the forthcoming issue of new government debt? One thing seems certain: the central bankers have a lot of work ahead of them to inflate away the mountains of debt and deprive the private sector of its purchasing power.
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92 sats \ 0 replies \ @Signal312 16 May
Theory - governments will force retirement funds (401k, etc) to purchase government bonds.
Isn't this what they did in Zimbabwe and Argentina?
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75 sats \ 0 replies \ @Satosora 16 May
Japan is double some other countries...
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75 sats \ 0 replies \ @thecommoner 16 May
It is just amazing to me when I sit down and try to fully understand and grasp the true depth of the debt (including the unfunded) in just the USA and then I look at this chart and find myself wondering what the "unfunded" debt of other countries is as well...It is frankly impossible to fully grasp the amount of hurt, and pain this is likely to cause.....
It is truly "panic" inducing right now and shit hasn't even gotten real in my neck of the woods....
But then I start thinking about Bitcoin and I panic some more and think, "we can't let this get fucked up too!"
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42 sats \ 0 replies \ @wingalt 17 May
Debt is only one side of the balance sheet, then it depends how much is in the asset column. If the asset column is small the country is in trouble, if it is multiple the amount of debt then the country is shorting fiat
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42 sats \ 0 replies \ @gmd 16 May
Nice. Sliding in just below G7 average...
Didn't realize Singapore was in such bad shape!
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42 sats \ 0 replies \ @BlokchainB 16 May
The bill will come due. Question is who is going to pay it! Trying to tell my friend who sent his bitcoin to Venmo. He thinks the government won’t let the system fail. And I said true but they will pick winners and losers like they always do.
Don’t have what you earned stolen from you protect yourself.
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42 sats \ 0 replies \ @OT 16 May
I thought Greece was at around 300%
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42 sats \ 0 replies \ @halalmoney 16 May
This paragraph reminds me how hard it is for a government to grow the economy out of its gargantuan debt load.
“Labour’s big answer to “where is the money going to come from?” questions on funding health and social care, education investment and a new urgency about raising defence spending, is posited on a return to growth. Having set that “north star” goal for the UK economy it will be hard to please traditional allies in the Labour and union family, who have very divergent views about what makes growth work and the trade-offs.”
https://apple.news/AEWBRLRzRSYmIeXNabHGIag
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42 sats \ 1 reply \ @0xbitcoiner 16 May
Isn't there a debt ceiling in Europe? Like 60%?
Imagine if there wasn't!
In addition to this chart, I also shared this interesting one about the debt to the IMF.
Top 10 Countries Most in Debt to the IMF
#541198
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48 sats \ 0 replies \ @TomK OP 16 May
those were the so-called maastricht rules. they have been systematically undermined and circumvented by the socialists for some time now
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