The only thing goes up is debts! It’s inevitable!

[Genemind]

Since the pandemic started the total amount of debt increased especially the third world countries. It is inevitable, the whole economy is paralyzed, the government has no income and they will have to focus on supporting people and doing steps to lessen the spread of the virus. It is normal for countries to have debt, even when you have a business, you will have to have a debt a debt at some point to be able to survive or recover.

[abhiseshakana]

This will make the country with too much debt owes a lot in their lender. Debts been striking up in our country and it hurts to see that some poloticians didn't use it Wisely. This Pandemic we will see which country is really able to managed despite many problems happen. Debts will increase if the people in the government will not be responsible enough to really do their duties.

My country is one of the ones involved in the Chinese dragon tail strategy through the OBOR project. Besides the OBOR, the diaspora and the valuation of Chinese investment (debt) in my country is very large, but strangely enough, even though my country's government knows that Yuan is not multicurrency and our country's trade balance is always deficit with China, they made an agreement with the Chinese government to use Yuan and Rupiah in trade transactions.

In my opinion, the rupiah currency will soon weaken because the Indonesian government is too inclined towards China by making a Local Currency Settlement policy with PBoC. Through this cooperation, PBoC and Bank Central Indonesia agreed to encourage the use of local currency in the settlement of trade transactions and direct investment, with the aim to reduce dependence on the dollar. The dedolarization and Yuanization measures taken by my government will bring further pressure to my country, especially if Trump wins the 2020 election. To overcome the pandemic, the US is conducting massive QE and to avoid inflation. The dollar must be spread around the world, especially in developing countries where production increases can be high. When the dollar is not absorbed in my country, Trump will consider Indonesia a bad boy who must be disciplined. And there was a massive withdrawal of dollars from Indonesia as a result of the international market reaction to pro-China policies.

[GeorgeJohn]

I don't really believe that debt is something that goes up or something keep on a celebrating, yeah it can be obvious that debt is inevitable because its possible that some countries might not be financial buoyant and ask for funds assistance in order to execute their project.

Everyone should know that some countries never witness or notices debt over some period of time because of management of their economy, so generalising it that debt goes up.

[AniviaBtc]

Every country has its own debt and yes it will continue to rise over time even the richest country in the world has its own unbelievable debt.

Here in my country, the government is really not that responsible with all the country's expenses in this pandemic.

Especially that we are in a third world country, expect that most of the people are just relying on the government's aid and employment so that the people will have money to sustain their needs. Increasing debts is not new when we are experiencing economic crisis and the government is really struggling with handling this pandemic.

No one's even prepared with this pandemic and I'm pretty sure that most of the countries are also having a hard  time recover from all of the damage that this Covid-19 brought to humanity.

[shoreno]

Every country has its own debt and yes it will continue to rise over time even the richest country in the world has its own unbelievable debt.

Here in my country, the government is really not that responsible with all the country's expenses in this pandemic.

Especially that we are in a third world country, expect that most of the people are just relying on the government's aid and employment so that the people will have money to sustain their needs. Increasing debts is not new when we are experiencing economic crisis and the government is really struggling with handling this pandemic.

No one's even prepared with this pandemic and I'm pretty sure that most of the countries are also having a hard  time recover from all of the damage that this Covid-19 brought to humanity.

if not government then who will pay the expense ? knowing that people on your country depend the most on your government . if your government wont pay the expense thier debt will just rise  and rise up to the point that it wont all be possible to be paid .

 are they going to wait for that moment to happen ?  debts isnt the only thing that is rising but prices of the products are rising as well  . its sad that salary of the poor workers are not included on the rise , this are also the reason why they end up in debt .

[samcrypto]

I’ve heard the news before about the increasing global debt and it threatens another economic crisis and unfortunately Covid-19 makes the situation more difficult to many country. Imagine those country who are not in a good position before this pandemic, they are suffering 10x right now.

Debt is inevitable, no government has no debt because this is where the money came from and corrupt officials are using this debt for their personal vendetta not all but most of them. The pandemic before and pandemic right now is totally different.

[glowing10]

I’ve heard the news before about the increasing global debt and it threatens another economic crisis and unfortunately Covid-19 makes the situation more difficult to many country. Imagine those country who are not in a good position before this pandemic, they are suffering 10x right now.

Debt is inevitable, no government has no debt because this is where the money came from and corrupt officials are using this debt for their personal vendetta not all but most of them. The pandemic before and pandemic right now is totally different.

This is true they keep on taking more debt and the result is that not all of them reaches to the final consumer for what purpose they take it. In between there is so much corruption that happen in the countries that only certain percentage might reach to the actual needy. But for government they do worry much because they are in power now and in next it would be somebody else probably so tis their burden to solve crisis etc. Thus, the debt keep on rising and this pandemic has just worsened the situation.

[Darkelf11]

I won't be surprised that Trump thinks that way. Our country borrowed huge amount of money to other countries we currently have trillions of debt (Philippine peso).

What’s even good compare to 2008??? No lock down in 2008.

Don't expect things and the economy to be just the way it was back 50years ago
At least, this is the first time I have witnessed a global lockdown, what about you ?
Covid-19 was never in 2008. And covid-19 is a heavy challenge to world economy. It is bigger than the recession a single country suffer because it is a general lockdown. So it affects the economy, just few countries are surviving the hard effect now.

Covid-19 is really a huge challenge for every countries that has lots of infected cases, except for some counties, that happened to fixed that problem within short period of time. Like China. It started to them yet they had the advantage on the world economy right now, they are really good on handling the pandemic. I hope this pandemic to end soon. It literally made our world economy to decline, but gladly, every country will cope with this and will gradually positively increase their economy.

[SquallLeonhart]

Debt increase wasn't a big deal back in the day, since there is inflation you took out a loan of 100k and you paid it back in 10 years as 200k but thanks to that 100k your company grew bigger and paying 200k over 10 years became something easier, because now you were making 1k more per month to begin right away and with inflation you start to make more and more and by the time that 10 year is over you are making over 3-4k per month more money thanks to that. Companies took out loans after loans to grow and when they grew it became easier to pay the debt for them as well.

When it became bad was the time when companies started to take out loans to pay for the regular stuff that didn't made them earn more, if you are not earning more that means your debt is hurting you and not helping you but instead of bankrupting they obviously picked the loan option to bankrupt some other time, some survived but some failed.

[Broly46]

Any country also needs to borrow for economic development. We are building the world on debt. There will come a time when debt balances will rise higher and central banks continue to print money to pay debts.
I don't believe in markets because they follow heterogeneous rules. This downturn is different compared to 2008 when stock indexes recover quickly and reach a new ATH. Perhaps the world has printed too much money.

Yeah it’s getting numb since inflation is such a loosed cannon, people slowly giving up hope on dollar and move to crypto, the whole point of bitcoin come from the idea of out of control bailout money went out of control.

[Broly46]

That's right, an increase in debt is inevitable.  Debt is basically used to increase productivity, but this year debt is no longer running with its leverage function.  Debt increases only due to securing a country's economy for a certain period of time.  The government, which has increased in debt due to Covid, has made debt an alternative to safeguarding the socio-economic conditions of its people.  The pandemic has exacerbated the amount of national debt, especially in developing countries.  I hope, with the increase in debt, the government will be able to allocate it properly, so that the handling of Covid will end soon.  Honestly, I'm really tired of the current situation.

The impact of too much debt, the interest rate finally get down to zero recently, for the sake of rescuing a market meltdown and dump the oil to -$50, and just a few month everything turn back to normal? Idk what on earth is happening, the number is jumping and dumping like video game, it’s crazy.

[Broly46]

wonder if the economic system in which we live isn't shit

Capitalism is a process, not an end-state. It's not sustainable indefinitely. I'm not saying communism is better (it's not), just that points of crisis are to be expected, and it's the job of the government to manage them... which they are not doing very well. Debt is certainly inevitable under the current system, as the expectation of debt is what it's all built upon. Bitcoin does offer hope of greater freedom, but that's till a very long way off.

Surprisingly many big businesses don’t plan to leave the communist country, despite their government promise to give some handsome tax benefit to move their plant back to their mother land. Japan firms, Korean firms, even American firm do not want to migrate their businesses back even with unbelievable promises and benefits.

Every system has its own advantages, the reason why most of these firms are not moving out is because of the cost of production, which is very low in places like China and Vietnam. You don't have any Union to negotiate with and there are several things like environment impact assessment that you need to pass in these places unlike developed nations, as long as people start putting profit before values these firms will not relocate

I think most of them are fed up by the sugar coated promised given by their own politicians, how are they going to trust their government again after getting duped for a coupe of times, even voters can losing their confident on election, yeah this businessmen do not trust their government anymore knowing those promise given are unattainable, the politicians can keep going on and mourning about their promise, they simply ignore, no more trust, they didn’t even trust communism too, despite knowing communism is destinated to confiscate everything they can build in China.

[batang_bitcoin]

Most countries got into a higher debt due to the crisis that we're in. It's a lot of crisis, health-due to the pandemic, mental-due to the lockdowns and the financial-due to the printing of more paper money and also countries that went on it to sustain their response to this pandemic.
Very inevitable, the world bank again will have a lot of money flowing in for most countries and this will create another higher percentage of inflation.

[Kasabus]

Most countries got into a higher debt due to the crisis that we're in. It's a lot of crisis, health-due to the pandemic, mental-due to the lockdowns and the financial-due to the printing of more paper money and also countries that went on it to sustain their response to this pandemic.
Very inevitable, the world bank again will have a lot of money flowing in for most countries and this will create another higher percentage of inflation.

Yes. Debts is going to be inevitable particularly with this pandemic times in order to sustain the basic needs of the people especially for those who became unemployed these days. It is the responsibility of the government to provide security and safety of their people so to be able to do this, one country must seek for loans to other countries even if it means high inflation in return. It's just a sad thought that some of the government officials use this funds for their own selfish needs and wants.

[el kaka22]

Unfortunately country debt is something they will never really care about, it will always go up because they are not trying to close it to begin with, why would you want to pay your debt when you know having more and more debt would mean economy will be tied to you more and more.

If a nation has amazing economy that means they could pick any politician and the nation will be fine, but if you screw up the economy so much that people may actually start to think that opposition party may not take care of it as much as you do, so you are the one hurting the economy yet you are the one getting the benefits from it and I know that sounds silly but that is how it is for many people who are uneducated. Creating crisis that is not economical is the same, as long as there is crisis your voters will surely vote for you and not just become non-voters.

[batang_bitcoin]

Most countries got into a higher debt due to the crisis that we're in. It's a lot of crisis, health-due to the pandemic, mental-due to the lockdowns and the financial-due to the printing of more paper money and also countries that went on it to sustain their response to this pandemic.
Very inevitable, the world bank again will have a lot of money flowing in for most countries and this will create another higher percentage of inflation.

Yes. Debts is going to be inevitable particularly with this pandemic times in order to sustain the basic needs of the people especially for those who became unemployed these days. It is the responsibility of the government to provide security and safety of their people so to be able to do this, one country must seek for loans to other countries even if it means high inflation in return. It's just a sad thought that some of the government officials use this funds for their own selfish needs and wants.

And they have to add up budget, stimulus for emergency response of the government. Another thing is to the budgeting for the upcoming vaccine, they say it wouldn't be that much and less expensive. But for the manufacturers or distributors, you know that there's already a profit that's been ready for it upon distribution for most countries. A lot has been in a bad situation because of this pandemic and we're all hoping that the vaccine will come out soon.

[teosanru]

Debt goes up
Misogynist skyrocket due to lock down, (prove me wrong otherwise)
Stock market goes up (according to trump it’s going up everything is good for himself only)
Fenimazi definitely on the upward trajectory
Incel also shooting up thru the roof???
What’s even good compare to 2008??? No lock down in 2008.

Once again I want to tell debt isn't so bad atleast not that bad how much some people of this forum think it is. Debt is bad when uncovered with relevent asset base. When a country issues debt in form of fiscal deficit the backing asset base is the whole GDP while when banks issue debt to their customers the relevant asset base is the charge on the assets. What happened in 2008 was this asset base's demand went straight down by around 30-40% because it was sort of bloated up by banks themselves. Think of it this way if someone takes a debt of 1 Bitcoin and then buys a house worth 1 Bitcoin and then subsequently price of 1 Bitcoin rises and house is now worth 0.8 bitcoin. Will you return the debt? No you won't. This is what happened in 2008 in very simple terms.

[NavI_027]

Debt goes up

If we are talking about nations as a whole then it was true. Well, that's understandable because most of the countries are now struggling against covid. The longer we fight the virus, the larger the debt might be.

But terms of personal life, I can say no. Not everyone has a debt or a rising debt because some people able to find ways to make a living amidst the pandemic and also become wiser in handling their money.

Misogynist skyrocket due to lock down, (prove me wrong otherwise)

I don't know where you reside and what culture do you have on your country but this one is most probably an isolated case only. You can't state that it was a clear fact. I don't see strong relevance between lock downs and being a female .

[Kong Hey Pakboy]

Debt goes up

If we are talking about nations as a whole then it was true. Well, that's understandable because most of the countries are now struggling against covid. The longer we fight the virus, the larger the debt might be.

But terms of personal life, I can say no. Not everyone has a debt or a rising debt because some people able to find ways to make a living amidst the pandemic and also become wiser in handling their money.

Most developing countries are currently struggling due to the recession and the pandemic, that is why they have huge amount of debts because they need funds to support the financial assistance of their citizens, and support the needs of every hospitals that has COVID-19 patients.

Indeed. Most families don't have debts, even they temporarily lost their jobs or source of income because they will do everything that they can do like selling second-hand items and clothes for them to provide their everyday needs.

[Broly46]

“It’s shooting thru the roof!”