Countries' debt is increasing scary.

[marrcelo]

Global debts reached historic levels of 320 trillion, this growth was caused by pandemic, military spending. The debt of United States, China and Japan concentrate the biggest debts. The power and the accountability that we gave to the government to administrate our tax money never was in worse hands, with the irresponsibility of our rulers causing inflation, decreasing the population's purchase power, increasing poverty and social inequality, to solve this the government always print money. And increase the debt.

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

That my opinion, I like to know your opinion about the subject.

[Jegileman]

The fiat has no limitations to amount that can be printed and in circulation, so this makes the government whom has the willpower do as they want. Fiat can never be superior over Bitcoin in all ramifications because of how its being operated centrally to the decision of few people. A country printing money as they want is really a bad idea and we have seen the repercussions of that in those countries that wanted to use that to enrich their country and make the economy better, it just got worse that so many money are in circulation but all then don’t have value again. A decentralized monetary system has proven to be the best, no any other as beat or come close to it.

[Moreno233]

Global government debt is something that will continue to increase because the powers that be designed it to be that way. In addition to the items you mentioned, another thing increasing the debt is corruption that makes it easy and possible to move most of those borrowed funds to private accounts of few individuals that call the shots. This is why you have few individuals who their combined wealth almost supersede that of their country. There is really no hope in this as long as fiat is concerned because the people in power have unlimited power to print, borrow and even raise money and to spend same anyhow they please.

[Ambatman]

Those were figure from some years ago
We have crossed the $350T mark on total debt
While government debt is around $100+T.

to solve this the government always print money

They usually issue bond while sometimes money printing and creation are usually planned by the Central Bank.

Our economy is debt financed
Inflation is favoured over deflation and the economy bleeds slowly as time goes on.

A country printing money as they want is really a bad idea and we have seen the repercussions of that in those countries that wanted to use that to enrich their country and make the economy better

Right from ancient times one of the reasons money were printed was to finance war
And some of the debts we have are accumulation of compounded interest
On loan issued via money creation.

[Rain1620]

This is soo true but not surprising though, I mean the political system has been a mess for a long time now the only difference it makes is that’s it just keeps getting worse. They are obviously playing a game by reckless spending, printing new currencies and the next thing is inflation, the sad story is that it just keeps repeating like a loop while the citizens suffer because of political incompetences.

This are primary reasons why some choose bitcoin, not about quick money. Like I said “some”. Because it’s about leaving behind the corrupt financial system and settling for a safer financial sovereignty where it operates with rules without rulers. Now such individual doesn’t have to be worried about the central bank cutting down your money that you worked so hard for just to siut their budgets. Funny how this is supposed to be a financial system that protects our purchasing power.

Though sometimes the transition to Bitcoin may not be too easy but then it’s worth every effort. As time goes on the governments will still be fighting to sustain their powers with money. Settling for bitcoin is actually a wise decision, and at same time we have to juggle up and be ready for chaotic times.

[Charles-Tim]

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

If I get you correctly, in one way or the other, the dept are affecting the nations, including United States and most other developed countries. But as big as the inflation in United States and other developed countries, and China, developing ane underdeveloped nations have higher inflation. But at overall, there is inflation in all these countries, and a reason not to save money not in use in banks, but it can be held in bitcoin, gold and other valuable assets.

[Ayers]

Global debts reached historic levels of 320 trillion, this growth was caused by pandemic, military spending. The debt of United States, China and Japan concentrate the biggest debts. The power and the accountability that we gave to the government to administrate our tax money never was in worse hands, with the irresponsibility of our rulers causing inflation, decreasing the population's purchase power, increasing poverty and social inequality, to solve this the government always print money. And increase the debt.
Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.
That my opinion, I like to know your opinion about the subject.

We need to be careful not to oversimplify this problem. Not every debt used in productive activities is automatically bad. However what worries me the most is how government are constantly borrowing to cover an endless budget deficit. where central banks are supposed to come to rescue if there is a problem in system. IMF has warned that space available to government to deal with future crises is shrinking due to rising government debt and high interest cost. This is a worrying situation as the global debt burden is increasing.

This is precisely why I own Bitcoin. I am not buying it because politician will suddenly start showing fiscal responsibility one day. Rather I am buying Bitcoin because of its fixed supply which is finite by design. It operate outside the control of government, who often start printing new money when there is a debt problem. We can debate whether Bitcoin is the only right solution to this problem. But in my opinion it is one of those limited resource that directly questions this economic system built around ever increasing debt and currency devaluation.

[rat03gopoh]

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

How can that be a solution? Buying bitcoin to limit the effects of fiat inflation? My bitcoin portfolio has dropped about 45% since last year, which is worse than inflation. Or are you saying the government should secretly buy large amounts and then launch a covert campaign to encourage people to raise the price of bitcoin and then sell it?

[Rruchi man]

Global debts reached historic levels of 320 trillion, this growth was caused by pandemic, military spending.

I would like to add corruption as a reason why global debt has increased because our leaders lack accountability, especially from my side of the world, where our government tends to borrow to execute projects that they end up not finishing. That is, our government borrows to embezzle the money and impoverish the country more, putting us more in debt than we were before.

Unfortunately this increasing debt does not scare the government but only scares us, the citizens, because we understand that to finance this, the government will find means to increase taxation upon us to pay for a loan that we did not in any way benefit from.

[Jewan420]

The fiat currency system is designed in such a way that the entire debt will never be repaid. Suppose a country first prints $100 and lends it to the public at a profit of $10. Since the country only has $100, how is it possible to repay $110? This is never possible, the government later prints new notes and lends again to repay the profit. Thus, the cycle continues, inflation continues to increase but the debt is never fully repaid. Although it is possible to repay a country's debt by earning foreign currency, global debts will never be reduced or repaid. If the amount of debt in one country decreases, another country will increase.

Bitcoin is completely different, since the supply of Bitcoin is limited, there is no scope for inflation. Bitcoin does not depend on anyone's will, but Bitcoin moves at its own pace. Speaking of value, Bitcoin is constantly increasing in value.

[JeffBrad12]

Don't worry, most country aren't going to pay all those debt principle in full, best they gonna do is rollover the debt. Issuing new bond and pay off the matured ones.
What important is keeping the country from defaulting to reserve the trust to lender and what important for you as a citizen is to never hold something that get printed endlessly, always invest.

[Opiate32]

We need to be careful not to oversimplify this problem. Not every debt used in productive activities is automatically bad. However what worries me the most is how government are constantly borrowing to cover an endless budget deficit. where central banks are supposed to come to rescue if there is a problem in system. IMF has warned that space available to government to deal with future crises is shrinking due to rising government debt and high interest cost. This is a worrying situation as the global debt burden is increasing.

This is precisely why I own Bitcoin. I am not buying it because politician will suddenly start showing fiscal responsibility one day. Rather I am buying Bitcoin because of its fixed supply which is finite by design. It operate outside the control of government, who often start printing new money when there is a debt problem. We can debate whether Bitcoin is the only right solution to this problem. But in my opinion it is one of those limited resource that directly questions this economic system built around ever increasing debt and currency devaluation.

What worries me is when government becomes dependent on refinancing old debt while interest payment consumes a growing share of public revenue and at that point policy makers have fewer options during the next recession because so much of the budget is already committed.

Bitcoins doesn’t solve government debts but it does offer people an asset that is not directly affected by political decisions to expand the money supply and that is probably why more people are beginning to view it as a long term hedge rather than a speculative investment.

[tabas]

These countries have their ways of lending money to the other nations and yet, they're ballooning themselves in debt as well. So the world is rotating with the debt that circles all over the globe and through the hands of the bigger lenders like the IMF.

Don't worry, most country aren't going to pay all those debt principle in full, best they gonna do is rollover the debt. Issuing new bond and pay off the matured ones.
What important is keeping the country from defaulting to reserve the trust to lender and what important for you as a citizen is to never hold something that get printed endlessly, always invest.

This is true, they're not going to play most of their debts because they're only paying it as well with debt and the interest. I doubt that they'll be paying it in full.

[Kelward]

I know that countries depts are increasing and there is nothing the ordinary man on the street can do about it because they are not a part of the decision makers that accumulated these huge depts, yet taking these depts are not the major concern, what is a concern should be what the money borrowed are used for. If monies that a government borrows are used for capital projects that will add value to their economy the citizens cannot complain but if the borrowed funds are used for wasteful projects or they cannot be accounted for by the politicians that is also wasteful.

If a government is corrupt then holding Bitcoin cannot solve corruption problems in their economy neither can it stop the corrupt leaders from creating ambiguous projects to embezzle funds and find reasons to sell their Bitcoin reserve funds. The solution to minimize borrowing is to have credible leaders in a country who would look inward on how to be productive to generate wealth instead of going to borrow.

[Die_empty]

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

How can that be a solution? Buying bitcoin to limit the effects of fiat inflation? My bitcoin portfolio has dropped about 45% since last year, which is worse than inflation. Or are you saying the government should secretly buy large amounts and then launch a covert campaign to encourage people to raise the price of bitcoin and then sell it?

At least you are hopeful that the price will recover in the future, but we cannot say the same for fiat. El Salvador and Bhutan are examples of countries that have benefited from Bitcoin. But, like, you have: Bitcoin is not the solution to government debt or inflation. Until the government cuts unnecessary costs and stops printing money, inflation would persist.

If a government is corrupt then holding Bitcoin cannot solve corruption problems in their economy neither can it stop the corrupt leaders from creating ambiguous projects to embezzle funds and find reasons to sell their Bitcoin reserve funds. The solution to minimize borrowing is to have credible leaders in a country who would look inward on how to be productive to generate wealth instead of going to borrow.

Borrowing is not wrong. But the problem is how the money is used. Using it for productive expenses like building of infrastructure and other things that will attract investors to the country is okay. But spending it on needless wars or embezzlement is a problem.

[Porfirii]

-snip-

Buy Bitcoin is not just a act of resistance to all this, is a act of intelligence.

That my opinion, I like to know your opinion about the subject.

It was an alternative, and it still is, although unfortunately less and less IMO, as giant corporations and governments continue to accumulate large amounts and new derivative products make it behave like any other traditional asset.

However, as long as we continue to use it for the original purpose, the idea of resistance will live on.

[Alonso_]

Don't worry, most country aren't going to pay all those debt principle in full, best they gonna do is rollover the debt. Issuing new bond and pay off the matured ones.
What important is keeping the country from defaulting to reserve the trust to lender and what important for you as a citizen is to never hold something that get printed endlessly, always invest.

Most especially countries like Nigerian can’t pay all their debts, just like you have said they will have to rollover the debt they’re owing, which is very much possible and obtainable, most countries are borrowing large amounts of money knowing fully well that this debts can’t be paid, Most especially Nigeria the amount of money they’ve borrowed I don’t think they can pay all that money back, and all this people or World bank that keeps giving them or borrowing Nigeria money should stop borrowing them money, before they will sell the country, Nigeria is a very corrupt country, the money that the Nigerian Government keeps borrowing they’re not doing anything with the money, they’re not using all that money to develop the country, they’re using it for personal benefit, Please World Bank should stop borrowing the Nigerian Government Money, they’re a corrupt Government.