Countries' debt is increasing scary.

[pooya87]

Well when you buy bitcoin yourself, you are choosing an exit out of the debt-riddled economy to some extent but you are still part of that economy since you still need to live in this world, go to the grocery store, pay bills, pay rent, and so on. So you are not entirely solving anything, you are just escaping a problem.

The only viable solution should be to fix the money printing/debt creating problem. And that requires fundamental changes in Economy as a science and as those who call themselves "experts" think of it. As long as they think printing unlimited amount of money is okay, the problem will continue to exist.

[avp2306]

Well when you buy bitcoin yourself, you are choosing an exit out of the debt-riddled economy to some extent but you are still part of that economy since you still need to live in this world, go to the grocery store, pay bills, pay rent, and so on. So you are not entirely solving anything, you are just escaping a problem.

The only viable solution should be to fix the money printing/debt creating problem. And that requires fundamental changes in Economy as a science and as those who call themselves "experts" think of it. As long as they think printing unlimited amount of money is okay, the problem will continue to exist.

Correct, since this is actually what other people think. But they didn't even realize that what they do for buying Bitcoin is to look for for those things you have said and they are actually not finding a full solution with those issues.

Bitcoin may protect its holders from inflation, but people must know that this will not the solution to fix the system. Since if government will not stop doing crazy decision like continuous printing of money and continue to ask for loans and make their debt grows, those problems what their people experience will continue to occur. Also Bitcoin can actually help people who knows how to use it well to survive on those rigged system. But real solution to that matters is on how government handle the creation of money and also how those experts or debts think about the national debt. If those mindset will not totally change, People will just continue to use Bitcoin as hedge towards inflation and not actually for a possible economical cure.

[IjawMan]

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.

The government believes that every problems that they needs solving that has to do with money, the solution is printing of more money to get it done. If they need money to provide military hardwares for their unnecessary wars, they print more money  if minimum wage is increased, they print more money to cover it, etcetera. By doing this they are creating more economical hardship than they are said to be solving and the government keep repeating it expecting a different result about inflation problem.

[WillyAp]

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.

Without internet FIAT, Gold, Silver is much better.
Scary amounts? Is just the lack of understanding money, money comes in different amounts, and the biggest amount hast not existed.
In Math there is no biggest number.

[Marykeller]

This is what it has become: every country in debt, causing global inflation that would affect everyone's finances and force everyone to always spend more than to save.

To save ourselves from the rising inflation caused by our government, let's build multiple streams of income, diversify our investments, have a reduced spending rate not above our income, learn a valuable skill, and keep an emergency fund that can last us for 3 months, just in case a war breaks out, or we fall ill.

[Mhizlove]

In my opinion, increasing debt is a serious issue because if the government continue to borrow money without proper management, the effect can show through high taxes or weak currencies, through inflation. But not every debt is bad, most times the government borrow this money to invest in projects or infrastructure that can grow the economy. When it comes to bitcoin, alot of people sees it as a way to protect part of their savings from inflation because of the limited supply. Even though, it's still has price volatility, it's better for people to understand the risk and do not only rely on one asset for their financial wellbeing or security.

[YOSHIE]

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

Many tax-dependent countries are currently experiencing increasing fiscal risks, due to the impact of reductions in various funding allocations and declines in national or global economic development.

This was done by the government due to the increase in state debt which has ballooned beyond limits, of course this will result in concerns for every country regarding the swelling interest burden on the debt itself, If the budget deficit continues, this will have an impact on state spending and the government will have to think about the current principal and interest obligations on debt.

Not to mention the impact of the crisis and geopolitics that we are currently feeling, with economic shocks making many countries have to deal with debt, plus the exchange rate is weakening, global energy is expensive, So additional debt is the main goal for the stability of the country's economy, if a situation like this continues to occur this will result in long and more severe monetary shocks to the economy.

[r_victory]

Despite carrying very high debt, the countries mentioned remain economic powerhouses. China, for instance, is one of the world's largest exporters; practically everything we use comes from there. Consequently, these nations possess a certain capacity to remain economically "healthy."

Debt becomes a problem for a country that produces nothing or owes more than it earns. In terms of debt percentage, Brazil ranks 33rd, but its high interest rates make the situation, in my view, comparable to Japan's debt level of over 200%.

[Spaceman1000$]

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.

It is bad economics for government to arbitrarily start printing money anyhow, this is because when there is an overflow of currency in the economy it sometimes causes inflation. The worse of it is the fact that, some of this printed money have no traces, so if it's a decentralized system, you could easily see where the money that is been producing, where it is going and what for. But then, those in authority wouldn't agree to have a decentralized money system, as it will expose who they truly are.

[Zlantann]

Well when you buy bitcoin yourself, you are choosing an exit out of the debt-riddled economy to some extent but you are still part of that economy since you still need to live in this world, go to the grocery store, pay bills, pay rent, and so on. So you are not entirely solving anything, you are just escaping a problem.

The only viable solution should be to fix the money printing/debt creating problem. And that requires fundamental changes in Economy as a science and as those who call themselves "experts" think of it. As long as they think printing unlimited amount of money is okay, the problem will continue to exist.

Yeah, you are still part of the inflation-ridden system, but you are in a better financial position than those who keep their money in fiat. Keeping a currency that never appreciates is more vulnerable to financial turbulence.

Printing money is not inherently bad economic practice. But when it is used to finance projects that have little or no economic benefits, that's the problem. Politicians sometimes use these funds to pursue personal goals and aspirations. Just imagine: when a government prints money to finance war or to steal it, there are no economic benefits.

[Shadiq]

Debt and inflation will never be eradicated, there will be debt and inflation in every country. This is an important driving force of banks. The country's debt is not the main reason for inflation, rather the country's corruption and money laundering play the biggest role. Even the whimsical decisions of the government will be responsible for inflation, it seems that the main job of the government is to increase inflation by creating mountains of paper to fool the people of the country.

It is never possible to repay 100% of the debt in the banking system, even no country repays its debt completely. They keep taking loans one after another and renewing the loan agreements. The banking system is also designed in such a way that it is never possible to repay 100% of the global debt and inflation will continue to increase regularly.

[Moreno233]

The only viable solution should be to fix the money printing/debt creating problem. And that requires fundamental changes in Economy as a science and as those who call themselves "experts" think of it. As long as they think printing unlimited amount of money is okay, the problem will continue to exist.

If this is the only solution, then I doubt there is hope anywhere because leaders all over the world hold and treasure that power and will not want to give up on that as that is how they amass wealth. The printing/debt creating problems are part of their manifestos and it takes an exceptional leader to drive the country in the opposite direction to this. Some of the leaders that tried that in some weaker countries ended up being killed by the those that feel they control the world and who wants everyone to be heavily indebted so they can be controlled and manipulated. Hence, political will is a factor in addressing this and not too many politicians can wade that.

[Sanitough]

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.

Yes, global government debt will continue to increase, but at some point there should be limits on it to maintain economic stability, as unchecked borrowing will only cause bigger problems in the future.

The only advantage from borrowing is that it could serve as a strategic investment and fund long term projects that create growth and development of the country, as well as it could be a quick response in terms of crisis like pandemic or natural disasters.

[snowpega]

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.

And why will it not increase? Like if you look more closely at the traditional system, no matter which country, then you will realise all systems around the globe are involved in corruption and the impact of all that is borne by middle-class or lower-middle-class people of our society. Because when the country starts to drown in the depths of debts sea that cause inflation rate to increase even higher, it can affect the lifestyle of the middle class or lower middle class people of our society.

And in the space of corruption, big hands and politicians are the big players that are eating the country's funds, even though they are IMF-approved funds. That is the big reason why Debt is increasing internationally. And you also know that corruption is the common thing when it is about politics, no matter which country you belong to.

[Cryptomultiplier]

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.

Yes, global government debt will continue to increase, but at some point there should be limits on it to maintain economic stability, as unchecked borrowing will only cause bigger problems in the future.

The only advantage from borrowing is that it could serve as a strategic investment and fund long term projects that create growth and development of the country, as well as it could be a quick response in terms of crisis like pandemic or natural disasters.

Countries that borrow a lot just to service old debt or fund projects rely on taxing the citizens to pay back these loans and when they do print more currency to service these debt, that's when inflation occurs the most.

With the current global debt, there's structural strain in the perceived financial trajectory of these borrowing countries and the citizens who live in these countries may be affected more if they don't look to Bitcoin or other valuable assets as hedge against this inflationary period.
It however depends on how they view Bitcoin to be able to invest in it to survive these high inflation times.

[Muba20]

Due to the system of borrowing on interest basis through the fiat system, along with the lack of transparency, accountability and corruption within the government, inflation in poor countries and underdeveloped countries around the world is increasing day by day. Due to debt pressure and budget deficit and for their own benefit, the government is often forced to print new money, but due to the lack of production, the value of money decreases. The prices of daily necessities are going beyond purchasing ability . And during this inflation, the lower and middle class people are the most affected, because most of their wealth is in cash as savings. When the value of that money decreases, it loss them a lot. Therefore, one should invest in such assets that can retain their value even after a long time.

[freedomgo]

I guess the vast majority of the countries continuously increasing their global debt, most particularly for those who have corrupt leaders that continue to steal the money of the people and the government. Because they don't mind the future of the country, but they are focused on the future of their pockets and bank accounts especially if they are no longer in the position.

However, the country's goal is not actually to eliminate or stop from borrowing global debt, but its to maintain debt-GDP ratio in which a specific country's growth will always be ahead than the amount of its global debt.

[mirakal]

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?

Buying bitcoin will not offer a complete solution, but it could be one of those possible factors to consider to hedge against inflation.

However, even if the country will secretly accumulate bitcoin, that won't stop them from printing more money or borrow from global government debt. In fact, buying bitcoin requires a highly significant amount of money so that could mean they have to borrow more so they can sustain buying bitcoin. Still, the global debt will obviously increase more.

[dezoel]

Many tax-dependent countries are currently experiencing increasing fiscal risks, due to the impact of reductions in various funding allocations and declines in national or global economic development.

This was done by the government due to the increase in state debt which has ballooned beyond limits, of course this will result in concerns for every country regarding the swelling interest burden on the debt itself, If the budget deficit continues, this will have an impact on state spending and the government will have to think about the current principal and interest obligations on debt.

Not to mention the impact of the crisis and geopolitics that we are currently feeling, with economic shocks making many countries have to deal with debt, plus the exchange rate is weakening, global energy is expensive, So additional debt is the main goal for the stability of the country's economy, if a situation like this continues to occur this will result in long and more severe monetary shocks to the economy.

While it is true that the ones that are very tax dependent are seeing problems, there are not that many nations with no tax and be okay wit hit, unless you are the Saudis and selling oil and feeling fine, you need to realize that this is just a situation we have to accept and tax will be heavily relied on the money made as well and if you are doing badly as a country and not making much then you are not going to get much tax in return and this will all be very troublesome on the long run.

[Fortify]

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.

There has always been debt floating around and it does seem to be growing to ever grander scales, but honestly it seems too much for the average person to comprehend. So what if the US government debt is 2 trillion or 10? If they keep paying off their obligations, which seems perfectly possible when you consider they can inflate it away at will, then the merry go round can continue almost indefinitely. It becomes a bit more interesting when other nations do it, the Euro had a wobble a couple decades ago and it seems like China has a challenging debt pile which is growing thanks to their massive population base, if they started to struggle (although I'm not sure how popular their government bonds have ever been) then it could cause ripple effects. Not even sure that China has debt considering they've had a surplus for such a long time.