Thread: It's the final countdown!
View Single Post
nonsuch's Avatar
nonsuch is offline nonsuch
2022-06-04 , 07:01
Posts: 584 | Thanked: 1,554 times | Joined on Sep 2019
#7463
Originally Posted by Dave999 View Post
Not all. Norway don't in a way due to massive oil funds that outweighs the debts. Any many countries reduce the debt some years and could pay it back if needed. What I'm talking about the countries that ignore the debt and pay it forward to future generations. Countries with more then 100% of GDP should act. Japan has a massive dept mountain.

The best of the best when it comes to national dept.
Japan (National Debt: ¥1,028 trillion ($9.087 trillion USD))
Greece (National Debt: €332.6 billion ($379 billion US))
Portugal (National Debt: €232 billion ($264 billion US))
Italy (National Debt: €2.17 trillion ($2.48 trillion US))
Bhutan (National Debt: $2.33 billion (USD))
Cyprus (National Debt: €18.95 billion ($21.64 billion USD))
Belgium (National Debt: €399.5 billion ($456.18 billion USD))
United States of America (National Debt: $19.23 trillion (USD))
Spain (National Debt: €1.09 trillion ($1.24 USD))
Singapore (National Debt: $350 billion ($254 billion US))
Not sure where you're pulling these numbers from, or what some of your garbled utterance even means, but it's not that simple.

A country's debt can be counted many different ways - by public debt, by external debt and possibley more (I'm far from being an expert here).
Norway features on both lists. "Outweighing" debt is also mentioned in both articles. If you still insist that there are countries that are NOT indebt, globally, at all, I'd like you to explain, with sources.

Also consider things like Money creation and Debt monetisation.

I repeat, every country on this blue planet is in debt one way or another. May sound worrisome, may even cause people to put their trust and hope in rescue from some higher being - until you realise that money itself is just an illusion. It doesn't matter.
__________________
N900 in 2020
SFOS in 2021