How the world got into $315 trillion of debt
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- Опубликовано: 27 май 2024
- The world is mired in $315 trillion of debt, according to the latest May report by the Institute of International Finance.
This latest global debt wave has been the biggest, fastest, and most wide-ranging rise since World War II, coinciding with the Covid-19 pandemic.
With global debt at a record high, should we be concerned?
#CNBC #Debt #GlobalDebt
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no wonder billionaires feel poor.
having a billion USD is nothing when the world debt is 315T and counting.
today, hats off to a poor billionaire.
According to western media world means Western Europe US Australia Canada and Newzealand
All others are outside Earth in a different universe
gdp is calculated yearly while debt is the total we owe across the years
Actually, it's not that bad. US$315tn for US$110tn annual GDP, is just 3x. Debt is not an annualized metric hence, it's actually not too bad. I think it would be more meaningful to narrow down to the top 5 countries with the highest total debt/GDP instead. Anything more than 5x would be a concern.
The world is in debt to itself, what a joke. Someone prints money and presents it as a loan to give it legitimacy
This is too woke and misunderstood. Debt is not bad! The global monetary system functions on debt. If we want to have money at all, we need to have debt. Because all of your debts are someone's else assets. The real problem is not debt per se, but interest on it, and inflation. Right now they are a bit high, so we should stop spending. But since 2008 to 2020 interest rates and inflation was near 0, so debt was absolutely not a problem, it was incentivised even. More education is needed
It’s not the world in debt, it’s mostly western countries
Western countries spend like they have a infinite resources to print more money without knowing the consequences.
Did you watch the video?
Actually, it's not that bad. US$315tn for US$110tn annual GDP, is just 3x. Debt is not an annualized metric hence, it's actually not too bad. I think it would be more meaningful to narrow down to the top 5 countries with the highest total debt/GDP instead. Anything more than 5x would be a concern.
@@leealex24Did you actually just say 315 trillion in debt “isn’t that bad” or was that a mistake
@@cameronf3343 I suggest you read my comment on the rationale. An absolute number is meaningless if you don't understand, analyze deeper.
It's like the world consumes 100 million chickens per day so what? What does that figure represent, what's the benchmark?
Ontario predicted Global debt would reach 418T dollars
So who do we ow
Debt. is necessary product of fiat monetary system. And Rich will always get richer and poor will get more poorer. Accept this reality, you can't do anything.
Can this money be redistributed to the poor in the form of a negative income tax or universal basic income? We could really use the help 😢
Poor will stay poor due to their habits
Not really, considering they are money in name only, not in physical form. Printing this amount of money will lead to hyperinflation and restructuring of a currency, which countries CANNOT afford even in times of peace.
Debt to GDP ratio... top ten list... India currently around 82%...Gradual reduction in fiscal deficit is the Indian objective... reducing fiscal deficit from 5.6% to 4.5% of GDP in next few years.
Debt makes the currency, the issue is keeping the currencies value
The issue is when sovereign debts are being sold off bc of counter party risk and countries have to resort to monetizing their own debt which destroys the currency.
Why does CNBC never speak about FIAT monetary system? They treat it like 'n' word of financial system.
If the world is in debt then with whom we took this...
Quite right, this is the question no one wants to answer!
If everything already exist on the planet. Why are we paying for anything/everything ?
to maintain law and order... society was so cruel back then when money was not there. People use to kill each other just of rbasic survival needs bro.
Debt is the 'stuff' from the future. It doesn't exist.. yet.
Trillion is the new billion, just at the dollar is now the new dime. What you could buy with a million not that long a go, now cost a billion.
It’s a man made debt!!!
Multinational banks want all this debt. This is how they get rich.
ZERO mention of the end of the Petro-Dollar -- one of the most significant things to happen in 50 years!!!
1 Trillion Dollar = 1000 Billion Dollars.
Don't worry, I have no debt.
"You're really responsible! You can pay your debts off fast!"
"Yes, but what if I just pay outright and don't take out debt?"
"Terrible... how irresponsible of you."
Man, in some countries people can not make 30000$ even if tehy worked all of tehir lifes which is depressing.
Why? Cost of living is lower and they have the opportunity to build something
@@g.starkiller6354 if you earn 1 dollar a month, what can they buy ? In some countries the minimum wage is 170 dollars and the cost of living is very high. 60,,000$ is for a house . I am not talking about buying a car . So, infiltration is everywhere .
Actually, it's not that bad. US$315tn for US$110tn annual GDP, is just 3x. Debt is not an annualized metric hence, it's actually not too bad. I think it would be more meaningful to narrow down to the top 5 countries with the highest total debt/GDP instead. Anything more than 5x would be a concern.
If you divide the global dept by the number of people in the world each person will owe about 39,000 dollars. That means the dept has disappeared because who do we owe. No body!!
Countries that spend and issue their own currency into existence don't have a debt crisis. The US, UK, China, Japan and Australia are prime examples of this.
Who does the world owe? Mars?
Who tf are we in debt with? The martians 😂
Most of the US debt is to itself, American Corporations, American Investors, and allied countries. The US is in a Unique position
Yeah 🇮🇱
🤮
We're like a snake eating itself 💀
Does that mean no debt is the richest? XD
I'm feeling guilty, I'm not paying my global debts.
5 trillion us doller printed money
Only life is true understand it first than understand debt.😂
End the FED now or we all die in poverty.
Excuse but 315 is much more than 100% more than 109.5.
How do you take something from someone? Convince them they owe it to you
Buck Foe Jiden!!
To who is this $315 trillion owed ?
US can continue to do QE if USD is still the relevant global currency of trade.
😮🙏 OMG! The World is in a US$315 Trillion Dollar Global Debt! We are living in a Bankrupt World indeed! Greed & irresponsibility are the Root Cause of these Massive Debts! Accountability must be restored for our all grandchildren ... 🙏🌍✌🕊
For perspective, the 315T debt is against maybe a quadtrillion in assets. It can be thought of temporally, so borrowing from ourselves for a future project. It could be productive debt, like better infrastructure leading go better productivity. It could also be unproductive, like dodgy politicians pissing it up against a wall.
Feeling overwhelmed by financial jargon and market fluctuations?
Who do we owe that debt ??
Who is the world going to pay this debt to? 🤔
This is truly one of the most misunderstood, misguided topic right now.
A LOT of people do not understand Debt financing at all.
Debt is 3X of GDP
Spiritually indebted
Debt to whom ...to banks ..who made banks so powerfull ? Govts should take over banks when u think Debt is crushing th country
Been hearing about this all my life. It doesn't matter
India's Debt to GDP is 83%. USA has the most vulnerable debt ceiling but this video shows India and China have increased debt to dangerous levels 😂😂
USA alone has $40trillion from that $300 trillion. Then add other EU countries...
US debt is rising from endless war they created and lost, while China is using for self sufficiency and improving wellbeing of its citizens.
usa can print USD its their own currency India cant print dollars can it? no one wants our local currency INR 😢
@@estiennetaylor1260yes chinese are far ahead 😮
In chyna, we have no money to pay our Kung on
Control the human production is the only key to mitigate massive global debt
why is she looking sideways? it's ridiculus
Hold on divide the debt between countries who have take debt not among who lived within means.
We have to pay EMIs to Alien
We need explain how USA pay the debt ??
Businesses owners borrowing money for their reputations assurance and looping of profits and jobs. This is a very Great person job.
Every dollar of debt has a credit owner, so that just means there are a lot of rich people.
LOL that is not how the banking system works. Banks create the money that is borrowed.
@@chadwaynebradley who owns the bank?
Hello. Who do I pay for my portion of the world debt? Thank you!
Your future and everyone else you deeply love and care for. Best wishes.
Also wish to know
In debt to whom? The aliens????
Bro I owed you nothing 😂
Maybe it's like: country A has a $1 bn surplus, and country B also has a $1 bn surplus. The leaders get together and say woe, our populations will expect us to reduce taxes because we're both making surpluses. How about I lend my $1 bn to you and you lend yours to me. Now, for budgetary purposes, we both have debts instead of surpluses and we both have to raise taxes. Problem solved.
Why raise taxes? No one makes money by that? All politicians care about is being reelected and staying in power because that's how you print money
its all fine
Global Development and Global Debt
It’s totally ok 😂that means someone is rich enough to lend them $300tr big ones 😢😮
Debt to who lol
Da juice
Market
In recent times, there has been a noticeable trend of American interventionism, where the pursuit of war and economic interests seem to intertwine. However, China is taking a different approach by extending support to developing nations, aiming to reshape this paradigm. Instead of profiting from conflicts between nations, China is investing in global development.
More debt trap creation and debt to equity position favoring the 'lender" in the name of development. Both these countries are destroying the world but waking up the sleepy lazy EU.
Who does the world owe?
Quite right, this is the question no one wants to answer!
But who given the debt of 315T
At least student loan debt is being cancelled; now undergrads can protest on campus with impunity.
Don't Mess With Texas!
😂china india mexico biggest contributor, better to check debt to gdp of all three of them against USA's debt to gdp.
To whom the world owe the money. Alien???
They borrowed from whom?
effectively from their future selves.
A Global Jubilee would fix all this, just saying. Debt, currency, value... they're just abstract concepts. If we decide one day they mean nothing then they don't. Just do a Jubilee, all debt forgiven every 15 years. Would solve a lot of issues and reset everyone back to even ground. Life might be worth living again. But nah, lets just continue with the current state of things. Great idea.
I can then borrow infinite money via loans as it gets written off. Yay!
Marsa mı borçlandın ?
This is just a scare story for woke types. Most of that debt is Bank A owing money to Bank B, and Bank B owing money to Bank A. As the world economy expands, so too does liquidity within the banking system. Ten years from now that $315T will be much higher, and it will be no more of a problem than it is today. And remember, if there is $315T of debt, that means that someone is OWED $315T. Notice how these scary headlines never read "World is owed $315T, more than ever before"
I have only 80$ debt on me 😏🤷🏻♂️
This woman doesn't understand the difference between private debt and public debt.
You do realize that there’s an entire team that helps her research , factchecks and edit the video before they release it right?
Maybe you do not understand ?
The world should be led by friendly country like India instead of evil US after dollar collapses.
and Biden is helping for the world's debt ! 🤒
Capitalism USA is the world biggest issue.
I find this is extremely dumbed down and talking to me like a child about the obvious
We😂 ?????
The peoples speaker on climate change but they know not mathematics Latin America City iquitos
Duh.. capitalism economic system is an enslaved economic system ?
How so? I live in a capitalist society and all I ever saw was opportunity. If you feel like a slave that speaks volumes about your mindset.
@daleviker5884 you must have been individually chosen by the system..
yet for the rest of the world population as the majority wasn't.
And yeah, my mindset is never about individualism . Capitalism economic system
It always was about the masters and the enslaved
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So newborns are already owning 40K😮😮😮
Yay got a token islamist
The world is in debt to who?????
who are we debted to ???
answer will be antisemitic 😂😂😂
Da juice
Real assets and commodities of economic fundamentals will come to reign🫵🏾💯
JewelsbyChicGemzs