World Debt Clock by nations.

[Catenaccio]

Two more charts for US debt. Post-Pandemic Debt Dynamics is terrible for US. citizens.

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[wallet4bitcoin]

The World is owing the World!

These debts are still in the hands of the world. When I hear countries like America being in debt, I'm forced to ask, what is a country with liberty to print as much as they want to, to finance whatever they deem fit, doing with debt clock on themselves. I can understand the debt of the then days America, when they had to borrow $100m from J.P.Morgan but for today's America, I'm still left in awe.

[Vispilio]

The World is owing the World!

These debts are still in the hands of the world. When I hear countries like America being in debt, I'm forced to ask, what is a country with liberty to print as much as they want to, to finance whatever they deem fit, doing with debt clock on themselves. I can understand the debt of the then days America, when they had to borrow $100m from J.P.Morgan but for today's America, I'm still left in awe.

Excellent point, USA should be considered a special case because USD is still considered the world's reserve currency by most nations on Earth (which might change soon), with many central banks keeping considerable reserves of USD as part of their policy.

USA being in tremendous debt means they will keep printing unlimited dollars, and so the rest of the world will bear the brunt of this burden as their own USD reserves will get inevitably diluted and devalued...

The organization who has the mandate to print unlimited USD will be the least affected group, naturally, until such time that USD loses its reserve currency / safe haven influence on the world economy...

[STT]

I thought Norway had a national wealth fund rather then a national debt but perhaps they have both.   Apparently they have invested 70k for every citizen where as USA just has the debt of owing 70k per citizen though for sure every country has assets in its favor and USA has great commodity wealth. I think the country will be fine but the currency will not, you can see how much the interest payment already rose and there is no benefit returned unlike various spending programs which form part of the GDP.

special case because USD is still considered the world's reserve currency

Before that it was GBP also very special case as an empire easily the worlds reserve currency, highly held in reserve and it failed over some decades to keep that value and we moved on to the next special case.   USA was 50% of the worlds trade when it became the reserve, nobody can take over in that fashion so I dont know who'd be the reserve next.

[Kakmakr]

The United States Government debt accounted for 121.6 % of the country's Nominal GDP in Jun 2023, compared with the ratio of 120.1 % in the previous quarter. US government debt to GDP ratio data is updated quarterly, available from Mar 1969 to Jun 2023. = Source : https://www.ceicdata.com/en/indicator/united-states/government-debt--of-nominal-gdp

We should consider that it is growing and that it can quickly snowball into a huge problem, if the country has to go to war. (USA are already funding several wars all over the world) 

[Catenaccio]

The Total Public US. Debt crosses $33 trillion but will it stop there? Unfortunately, it won't stop there and we will see many new all time highs for US. Debt.

Consequently of national debts, purchasing powers of fiat currencies decrease with time like the US. dollar.

Purchasing power of the US. dollar over time
Data is from
Bureau of Labor Statistics – Consumer Price Index
Morris County Library of Historic Prices

Year   Event   Purchasing Power of $1   What a Dollar Buys
1913   Creation of the Federal Reserve System   $26.14   30 Hershey’s chocolate bars
1929   Stock market crash   $15.14   10 rolls of toilet paper
1933   Gold possession criminalized   $19.91   10 bottles of beer
1944   Bretton Woods agreement   $14.71   20 bottles of Coca-Cola
1953   End of the Korean War   $9.69   10 bags of pretzels
1964   Escalation of the Vietnam War   $8.35   1 drive-in movie ticket
1971   End of the gold standard   $6.39   17 oranges
1987   "Black Monday" stock market crash   $2.28   2 boxes of crayons
1997   Asian financial crisis   $1.61   4 grapefruits
2008   Global Financial crisis   $1.20   2 lemons
2020   COVID-19 pandemic   $1.00   1 McDonald’s coffee

[pooya87]

The slope of the chart which indicates the rate at which the national debt is increasing, is the scariest thing here. There doesn't seem to be any effort being made to "fix the economy" in the past 40 years, each government's solution is to print more money and the more they print the more they'll end up needing!

The even scarier part is the way the world is seeing US dollar these days as they are slowly dumping it. They are also dumping the US bonds (the debt they had bought) which is slowly but surely burying US economy...

[Catenaccio]

The slope of the chart which indicates the rate at which the national debt is increasing, is the scariest thing here. There doesn't seem to be any effort being made to "fix the economy" in the past 40 years, each government's solution is to print more money and the more they print the more they'll end up needing!

The even scarier part is the way the world is seeing US dollar these days as they are slowly dumping it. They are also dumping the US bonds (the debt they had bought) which is slowly but surely burying US economy...

After they printed money, they can not get it back because an economy works more complicated than simply making a phone call and you will get all money you printed back.

Their failed monetary policies only cause the economy worse. From Positive Yield Curve to Negative Yield Curve (Inverted Yield Curve), they actually pull trigger to cause many bankruptcies for commercial banks and deaths of many companies.

World Government Bonds, Yields and Inverted Yields
26 countries have an inverted yield curve according to https://www.worldgovernmentbonds.com

[Dr.Bitcoin_Strange]

It’s crazy that we are conditioned to accept this, open your eyes & buy bitcoin.

This is not only debt incurred by one person; I think that the debt of most of those countries is a big debt from the World Bank. For example, my country is owes some billions of dollars on that debt list. They claim they have used the money for some project work in the state. This same government is made up of people who are not in support of Bitcoin; they don't want citizens to freely adopt Bitcoin, and as such, they would not want to invest in it unless they were doing it secretly without anyone knowing. But I get your point: if they invest in Bitcoin and hold it until the bull market, they would definitely have enough profit to repay some of those debts.

[Porfirii]

With a >135% public debt ratio, should I start thinking on moving from Spain? (definitely not to Portugal, with an even higher ratio...).

On the other hand, one could think that colours in the "Central Government Debt Map" are wrong: why is it worse blue or green than orange?

But taking these data alone we can't know the whole picture: debt is not desirable at first glance, but it can lead to growth in the mid term if the money is well used. You could prefer to have a loan to create your company rather than being jobless, so why would it be necessarily bad for a country to have (non-estructural, if you want) public debt?

[pinggoki]

The U.S. is still the world's leading debtor; should the US be happy that they are the world's most indebted country? The question is, can the US pay off such a huge debt of 33 trillion dollars?

Most of their debts are from their own banks so they really don't have to hustle it out to pay those debts and the US government owns the Treasury anyway, I don't think that we're going to see US ever paying those debts.

We should consider that it is growing and that it can quickly snowball into a huge problem, if the country has to go to war. (USA are already funding several wars all over the world) 

They've considered that a long time ago, I don't think that the debt will go in the trillions if the government knows it's going to be bad for them. Oh, they're not funding those wars, they're selling those arsenals that they've sent there, it's not charity that they're doing in those warzones, the US is doing business there, what they're funding are covert ops or rebellions because they're cheaper compared to a real war, why release all these money when you already have the weapons that you can rent to them.

[stompix]

Again one of those alarmist charts where the world is doomed, the US will turn poor, the soveits will reign supreme as....
Yeah, 89 garbage being deflated over and over!

Instead of focusing on GDP one should focus on those tiny letters no doomsday lover wants to mention, so let's look at both the current one and the 2000 chart!
https://www.usdebtclock.org/index.html
https://www.usdebtclock.org/2000.html

2000:
Debt per citizen, $19 000!
Now
Debt per citizen $100 000!

2000:
Assets per citizen, $190 000
Now
Assets per citizen, $650 000!

So, if we look at assets - debt per citizen we had
2000 > $171 000!
Now  > $460 000!

Clearly, the US is doomed!!!
Imagine your assets after debt tripling in 20 years, clearly a sign of a catastrophe, probably triggered by this wave of sarcasm!

[kryptqnick]

I think what the IMF map shows is that the amount of debt a country's in doesn't correlate, neither positively nor negatively, with how well the country's doing economically. The US is world's #1 economy, and it's in the most debt. The UK's also strong and in a lot of debt. At the same time, there are lots of African countries that are doing very poorly, but are in less debt, and Norway with a small amount of debt and doing really well.
I'm not saying that taking debt seriously isn't important, but debt itself clearly doesn't seem to mean much, unless other things are factored in, and an economy can be strong with a lot of debt, weak with little debt, and a lot of other things.

[Rruchi man]

Clearly, the US is doomed!!!

Nigeria also faces this impending doom with how much debt that the country is into. Bad leaders borrowing just for any reason when Nigeria is so blessed that we should be the country lending to other countries.

Nigeria is indebted to China heavily, then France, India, Germany, Japan.

As at March 2023, Nigeria owes $5.16Billion, higher than the figures from December 2022 where it was still $5.07billion.

Nigeria owes China - $4.34bn
France - $593.75m
Germany - $144.75m
Japan - $62.02m
India - $26.64m

 source

[el kaka22]

Gold demand is the most shocking one to me, there are some rich nations that doesn't really demand gold apparently, I wonder what other method they prefer? I mean if you are a rich nation like for example lets say Norway, and you are not in the gold demand but you are in the list and have a high GDP as well, then what is it that you are requiring in that situation? They could demand a lot more gold than many other nations in that list but they are not, which means that they must have figured out something else that they could request, what is it?

Maybe we could switch to that as well, maybe what they found is a lot better than gold and could return as a good idea? We need to stop asking for gold all the time because it is not really helping as much as people think it does.

[Fortify]

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.

This sort of debt clock is a bit of a joke really, but it makes good entertainment for some people it seems. The debt limits that countries impose on themselves are part of good governance and symbolic of a responsible country with politicians who are trying to keep the books in balance. Anyone can spend money like crazy (look at certain countries in the middle east who have a seemingly endless stream of revenue from oil reserves) but trying to balance income with outgoings, while running a sensible debt load that other countries are still interested in purchasing, is truly the hardest part of running a successful country. It's interesting to see the stats for sure, but you're just doing advertising for them as it's only useful information to a certain point.

[Accardo]

The U.S. is still the world's leading debtor; should the US be happy that they are the world's most indebted country? The question is, can the US pay off such a huge debt of 33 trillion dollars?

Who are the developed countries? They are the ones with big debts to the central banks. And they are given loans because of the good economic performance of their countries and the high interest that they also give to those who will lend them money.

You can't run a country debt free. They are different kinds of debts like domestic debts, where countries borrow from private individuals. These loans can't be paid. It's what keeps the country going. It's not that simple to run a nation. The money required is enormous. Especially for a US government. The only beneficiary is the business or resources the lender would enjoy in the country. Looking at it, the possibility relies on the amount of money the country generates with the borrowed funds. US is a country that can easily clear off those debts if it was mandatory. Or would affect the growth of the nation. I don't think those loans are being paid with fiats like we think. Most times natural resources or products are issued to the nation in return. It's not a thing of shame. Even top rich men borrow money to sustain their businesses. Despite having lots of money. You'd see that those loans add momentum to the already existing funds. Imagine the number of allies attached to US government. Such an amount won't be a problem. It's better to borrow when you have money, than when you don't. Borrowing doesn't signify that the receiver is broke or poor. Like the perspective I've seen on some responses. As a government, they need to think 20times ahead of the citizens. To be able to efficiently protect and run the country. Remember they control the money. Pay thousands or millions of citizens; salaries. Maintain facilities that entice people; electricity, water etc. You'd see that, with the few minor things needed to operate a society, it' never, no matter what we think, easy to run a country.

[dothebeats]

Gold demand is the most shocking one to me, there are some rich nations that doesn't really demand gold apparently, I wonder what other method they prefer? I mean if you are a rich nation like for example lets say Norway, and you are not in the gold demand but you are in the list and have a high GDP as well, then what is it that you are requiring in that situation? They could demand a lot more gold than many other nations in that list but they are not, which means that they must have figured out something else that they could request, what is it?

Maybe we could switch to that as well, maybe what they found is a lot better than gold and could return as a good idea? We need to stop asking for gold all the time because it is not really helping as much as people think it does.

Norway is engaged in a lot of external investment portfolios with high returns and managed risks. Plus, their economy is robust, which resulted in a currency that is stable enough to not need any support from a hedge like gold. I think what we can 'request' for is a country with good governing figures that believe in the importance of ethical governance that promotes transparency and accountability rather than leaders who are trying to amass as much money as they can while they are seated.

You can't have that nowadays unfortunately, especially if the citizens remain misinformed about their choices in their leaders. Norway managed to not have any dependency in gold because they have leaders who are dependable when it comes to policy making and running the economy.

[ChiBitCTy]

I remember seeing this "debt clock" for the first time a few years ago.  I wonder how accurate it truly is.  That being said I actually just had a discussion with a client the other day about the US national debt.  I stated to her that "US treasury bonds are considered the safest investment on the planet".  She sort of fired back "Oh I don't know, we have more debt that anyone /any country in the world".

What many fail to understand is this is the case because the US has the worlds best economy by far, therefore are able to have such high debt (not that I don't think it should be lowered as is getting a bit out of control). 

[sana54210]

The slope of the chart which indicates the rate at which the national debt is increasing, is the scariest thing here. There doesn't seem to be any effort being made to "fix the economy" in the past 40 years, each government's solution is to print more money and the more they print the more they'll end up needing!

The even scarier part is the way the world is seeing US dollar these days as they are slowly dumping it. They are also dumping the US bonds (the debt they had bought) which is slowly but surely burying US economy...

After they printed money, they can not get it back because an economy works more complicated than simply making a phone call and you will get all money you printed back.

Their failed monetary policies only cause the economy worse. From Positive Yield Curve to Negative Yield Curve (Inverted Yield Curve), they actually pull trigger to cause many bankruptcies for commercial banks and deaths of many companies.

World Government Bonds, Yields and Inverted Yields
26 countries have an inverted yield curve according to https://www.worldgovernmentbonds.com

The idea was to basically slow it down and try to just increase the rates, which would put the money in the banks and not out in the market, and that would result with less money in the market. This would mean that inflation would slow down because there isn't money spreading to everyone, and when the inflation drops to good levels they would lower the rate a bit, which would make money go into markets slowly and gradually and they would be able to say it was a success.

Obviously, it failed and it got the inflation high AND money out of the markets, which caused a level of recession, nut a huge one but still some. This is why I believe that we are going to end up with terrible results and why this debt is so huge.