How are we going to pay this? Are we heading to another great depression like in 1929?

How are we going to pay this? Are we heading to another great depression like in 1929?

Attached: debt by country.png (841x931, 74K)

no, we just move over to crypto, declare USD as worthless and problem solved

The debt is staggered and mostly owned to domestic businesses/interests with a vested interest in the USA. The US doesn't have to pay if it can't at some point, they'll just take a credit hit, but then again we lead the global economy so that would fuck the world over, meaning no one got fucked relatively speaking. Lenders will simply have to hold the bags. This is their risk alone.

depends also on who is the one being owed to

>debt
cool post op but debt alone does not signify any sort of impending economic collapse. this isnt money owed for nothing either, those numbers represent industries, commerce, infrastructure and trades that happen in an expectation of profit for hopefully, both parties.

this

As far as I know, the debt of the Netherlands is 402 Billion, which is a lot - but not as much as the 4.5 trillion indicates in this picture.

Correct me if i'm wrong.

By "we" I don't mean the US, you egocentric fuck.

You may have been misled by American billions maybe. You know the source is wikipedia so why don't you just google it?

>muh debt
look at this retard hahahahahahaha

Big brain argument right there.

Attached: 1549474368089.jpg (403x394, 71K)

Retard here, can someone explain "debt" for me, is it a meme?, is it really money the country has to pay to some shaddy jew in a bank?

I constantly hear people spurg out about how the debt isn't bad and won't lead to a collapse, the number is irrelevant. That may be the case but the bigger that number gets, the harder you get fucked in the ass with inflation. We're becoming slaves by paying off wreckless government spending without even realising it. Growth isn't a good thing when you give up everything that made your country good so you can be happy about mega corporations making record profits.

But who the fuck do they own money to? The aliens? I don't understand.

How to get better at logic and reason?

Like 3 trillion is the fed printing money to bail out the banks in 08. As this user said you'll be the one paying the government off

The debt that countries have isn’t the same that companies or indiciduals like us have. Nations never die, so they literally have all the time eternity to pay it back.

When does Luxembourg collapse?

based india
>luxembourg
get fucked

Debt is great when it provides leverage instead of just being free money for a politician to push a clientelist agenda. Debt service cost is the biggest downside and a continuous drag on a budget. Being foreign or domestic owned really makes no difference. The only thing that truly matters if it's denominated in a domestic or foreign currency, because the former allows for devaluation to get out of troubles.

just dont pay lol

the Chad USA doesn't give a shit about debt and as usual is #1 in everything

Just google debt if you're that clueless. Who do they have to pay the money back to? It depends on the country. Most EU countries owe it to the EU and French/German banks, Japan owes most of its debt to itself.

Debt is not bad per se if you use that money correctly, imagine having borrowed 300k in 2015 and put it all on BTC for example; in that situation, debt was good. The problem here is that states are becoming addicted to debt, politicians fear population unrest if they cut public services or raise taxes so they just pay for public shit with debt. In some countries like Italy that debt is reaching the point where the interests are becoming bigger than the GDP annual growth thus absolutely stagnating the economy.

why are the Chinese so based?

the bank prints 10 dollars. There are now a total of 10 usd in circulation. You want money so you borrow 10 dollars from the bank at 10% interest. 1 month later you owe 11 dollars but there are only 10 dollars in circulation. You can never pay the bank back now. Even if you pay back the 10 dollars you borrowed the 1 dollar will keep gaining interest. How is that ok?

Well, I googled it.
The dutch debt is 400,000,000,000.00
Not 5,400,000,000,000.00
So it pretty much seems like wikipedia is trolling

>6000% of gdp

whats going on with luxembourg?

> We're going to pay off national debt
Lolno expect financial hocus pocus over the next few years. Also, as high as it seems, debt to GDP ratio is what matters, which is actually at reasonable levels. I used to be a permabear over the national debt, until I realized if it mattered, our military industrial complex would handle it. You think the CIA types of this country are going to let our national debt stop them from carrying out their decree? Nah son. The one threat, China, has been reduced back to paper tiger levels of threat after a few months of tarriffs.

Luxembourg is like a crackhead nigger that has multiple welfare cheques coming to the same person

The world economy turned into a Vidya game. Eventually they will stat crunch the numbers. All da failing games are going from subscription mode to free to play to get some players back. Eventually when the genre dies and all countries are free to play we quit, lose all our gear, and sit around bored for awhile until a new time sink worth playing rolls around in 5-10 years ©_©. In the meantime we have to deal with levelcapped fags trying to sell us their overpriced junk and spawn camping us while we roleplay in the low level zone

>58,000 per capita

Doesn't sound too bad until you realize that a lot of those capitas are niggers