How the world got into $315 trillion of debt

The world is mired in $315 trillion of debt, according to the latest May report by the Institute of International Finance.
This latest global debt wave has been the biggest, fastest, and most wide-ranging rise since World War II, coinciding with the Covid-19 pandemic.
With global debt at a record high, should we be concerned?
#CNBC #Debt #GlobalDebt
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[@stargazeronesixseven]

😮🙏 OMG! The World is in a US$315 Trillion Dollar Global Debt! We are living in a Bankrupt World indeed! Greed & irresponsibility are the Root Cause of these Massive Debts! Accountability must be restored for our all grandchildren ... 🙏🌍✌🕊

[@onlineshoppingjakarta7338]

It is government debt. Corrupt government official

[@Heartadia]

no wonder billionaires feel poor. having a billion USD is nothing when the world debt is 315T and counting. today, hats off to a poor billionaire.

[@skyrisetempest1452]

😂

[@koushikmediga8397]

gdp is calculated yearly while debt is the total we owe across the years

[@leealex24]

Actually, it's not that bad. US$315tn for US$110tn annual GDP, is just 3x. Debt is not an annualized metric hence, it's actually not too bad. I think it would be more meaningful to narrow down to the top 5 countries with the highest total debt/GDP instead. Anything more than 5x would be a concern.

[@Yolo942]

Remember if the world is in debt of $315 trillion, Someone or Some People have the equivalent amount of $315 trillion in assets.

[@sahilkarir8404]

It’s a man made debt!!!

[@user-yy9hk9od9u]

Multinational banks want all this debt. This is how they get rich.

[@1017KitchenBoy]

If everything already exist on the planet. Why are we paying for anything/everything ?

[@ankitSharma-uo6zf]

to maintain law and order... society was so cruel back then when money was not there. People use to kill each other just of rbasic survival needs bro.

[@jjsamuelgunn1136]

Debt is the 'stuff' from the future. It doesn't exist.. yet.

[@MrTrillionaire365]

You're paying for your waste

[@wilfredpeake9987]

Debt makes the currency, the issue is keeping the currencies value

[@bitcoindaddy1]

The issue is when sovereign debts are being sold off bc of counter party risk and countries have to resort to monetizing their own debt which destroys the currency.

[@tomb5552]

Trillion is the new billion, just at the dollar is now the new dime. What you could buy with a million not that long a go, now cost a billion.

[@souravjaiswal-jr4bj]

Why does CNBC never speak about FIAT monetary system? They treat it like 'n' word of financial system.

[@lifevest1]

"You're really responsible! You can pay your debts off fast!" "Yes, but what if I just pay outright and don't take out debt?" "Terrible... how irresponsible of you."

[@subrataghosh7213]

Debt to GDP ratio... top ten list... India currently around 82%...Gradual reduction in fiscal deficit is the Indian objective... reducing fiscal deficit from 5.6% to 4.5% of GDP in next few years.

[@sreenathatirunarayanapura9296]

According to western media world means Western Europe US Australia Canada and Newzealand All others are outside Earth in a different universe

[@otavongryf1379]

Western media is western centered, what a shocking observation…

[@HelenSurina-mv8ot]

Ontario predicted Global debt would reach 418T dollars

[@chernorleigh7056]

So who do we ow

[@MrTrillionaire365]

So, how much will be the collateral on the debt?

[@jy3ster]

It’s not the world in debt, it’s mostly western countries

[@estiennetaylor1260]

Western countries spend like they have a infinite resources to print more money without knowing the consequences.

[@victortoba-ogunleye4056]

Did you watch the video?

[@leealex24]

Actually, it's not that bad. US$315tn for US$110tn annual GDP, is just 3x. Debt is not an annualized metric hence, it's actually not too bad. I think it would be more meaningful to narrow down to the top 5 countries with the highest total debt/GDP instead. Anything more than 5x would be a concern.

[@cameronf3343]

@@leealex24Did you actually just say 315 trillion in debt “isn’t that bad” or was that a mistake

[@leealex24]

​@@cameronf3343 I suggest you read my comment on the rationale. An absolute number is meaningless if you don't understand, analyze deeper. It's like the world consumes 100 million chickens per day so what? What does that figure represent, what's the benchmark?

[@Questioneverything2050]

The world is in debt to itself, what a joke. Someone prints money and presents it as a loan to give it legitimacy

[@lokesh303101]

1 Trillion Dollar = 1000 Billion Dollars.

[@Hkchinese888]

Don't worry, I have no debt.

[@detectivegenius9744]

Debt. is necessary product of fiat monetary system. And Rich will always get richer and poor will get more poorer. Accept this reality, you can't do anything.

[@MrTrillionaire365]

Not reality but fraud. Deliberate fraud

[@pimpnamedslickback7780]

Who tf are we in debt with? The martians 😂

[@victortoba-ogunleye4056]

Most of the US debt is to itself, American Corporations, American Investors, and allied countries. The US is in a Unique position

[@mrchow7517]

Yeah 🇮🇱

[@mrchow7517]

🤮

[@Adamkww]

We're like a snake eating itself 💀

[@MrTrillionaire365]

To your future or the future!!!!

[@mikebostic9518]

Countries that spend and issue their own currency into existence don't have a debt crisis. The US, UK, China, Japan and Australia are prime examples of this.

[@bozok6360]

Man, in some countries people can not make 30000$ even if tehy worked all of tehir lifes which is depressing.

[@g.starkiller6354]

Why? Cost of living is lower and they have the opportunity to build something

[@bozok6360]

@@g.starkiller6354 if you earn 1 dollar a month, what can they buy ? In some countries the minimum wage is 170 dollars and the cost of living is very high. 60,,000$ is for a house . I am not talking about buying a car . So, infiltration is everywhere .

[@MrTrillionaire365]

​@@g.starkiller6354 how can I build when I can't even afford portable water or get stable 24/7 electricity?

[@Robis9267]

This is too woke and misunderstood. Debt is not bad! The global monetary system functions on debt. If we want to have money at all, we need to have debt. Because all of your debts are someone's else assets. The real problem is not debt per se, but interest on it, and inflation. Right now they are a bit high, so we should stop spending. But since 2008 to 2020 interest rates and inflation was near 0, so debt was absolutely not a problem, it was incentivised even. More education is needed

[@hyuxion]

Every dollar of debt has a credit owner, so that just means there are a lot of rich people.

[@chadwaynebradley]

LOL that is not how the banking system works. Banks create the money that is borrowed.

[@hyuxion]

@@chadwaynebradley who owns the bank?

[@ACK333]

Does that mean no debt is the richest? XD

[@cahiteshsachdev]

India's Debt to GDP is 83%. USA has the most vulnerable debt ceiling but this video shows India and China have increased debt to dangerous levels 😂😂

[@UntoldCanada]

USA alone has $40trillion from that $300 trillion. Then add other EU countries...

[@estiennetaylor1260]

US debt is rising from endless war they created and lost, while China is using for self sufficiency and improving wellbeing of its citizens.

[@sachin2842]

usa can print USD its their own currency India cant print dollars can it? no one wants our local currency INR 😢

[@sachin2842]

​@@estiennetaylor1260yes chinese are far ahead 😮

[@Hkchinese888]

In chyna, we have no money to pay our Kung on

[@loveyouyarro]

Only life is true understand it first than understand debt.😂

[@yakovmatityahu]

Time to find a New Planet to live, and escape from paying debts 😂😂😂

[@leealex24]

Actually, it's not that bad. US$315tn for US$110tn annual GDP, is just 3x. Debt is not an annualized metric hence, it's actually not too bad. I think it would be more meaningful to narrow down to the top 5 countries with the highest total debt/GDP instead. Anything more than 5x would be a concern.

[@mikebostic9518]

This is truly one of the most misunderstood, misguided topic right now.

[@victortoba-ogunleye4056]

A LOT of people do not understand Debt financing at all.

[@Nnamdi-wi2nu]

If you divide the global dept by the number of people in the world each person will owe about 39,000 dollars. That means the dept has disappeared because who do we owe. No body!!

[@MrTrillionaire365]

That's why I must be poor because my being in poverty, sustain this fraud debt. So, I'm owed.

[@ishwarlxm6333]

If the world is in debt then with whom we took this...

[@lukefernando4777]

Quite right, this is the question no one wants to answer!

[@MrTrillionaire365]

From your future or better still, from the future...

[@patrickp8315]

From the future of the younger generation

[@yakovmatityahu]

​@@lukefernando4777Rothschilds,Morgan,Carnigee and other top rich families who own central banks.

[@lukefernando4777]

@@yakovmatityahu yes you are right!

[@HagiaFantasia]

Can this money be redistributed to the poor in the form of a negative income tax or universal basic income? We could really use the help 😢

[@FranceGaulGallia]

Poor will stay poor due to their habits

[@caringheart34]

Not really, considering they are money in name only, not in physical form. Printing this amount of money will lead to hyperinflation and restructuring of a currency, which countries CANNOT afford even in times of peace.

[@MrTrillionaire365]

​@@FranceGaulGallia poor will stay poor by the default design, oppression and exclusion. Deliberate!!!

[@MCorpReview]

It’s totally ok 😂that means someone is rich enough to lend them $300tr big ones 😢😮

[@user-xr1zg6xt8n]

the buy now pay never has ran out

[@Jpantab]

Who does the world owe? Mars?

[@SoCalFreelance]

ZERO mention of the end of the Petro-Dollar -- one of the most significant things to happen in 50 years!!!

[@AlldatJazz-rw9wy]

Who is the world going to pay this debt to? 🤔

[@armenstaubach9276]

Debt is just an state of mind, let’s all think prosperous and leave the debt for the next generation 😊

[@petervince167]

The debt in the informal sectors, shadow banking sectors, and the criminal underworld could bring the total debt to 500 trillion dollars

[@MrTrillionaire365]

What is the worth of the collateral to the debt? The collateral should be sold off to pay off the debt.

[@Chandankumar-qw6hb]

5 trillion us doller printed money

[@m0nke318]

Title just got me wondering if we borrowed money from aliens or smth.

[@kl-1183]

315T equates to multiples into real economy = quadrillions!!

[@Miguelsw]

For perspective, the 315T debt is against maybe a quadtrillion in assets. It can be thought of temporally, so borrowing from ourselves for a future project. It could be productive debt, like better infrastructure leading go better productivity. It could also be unproductive, like dodgy politicians pissing it up against a wall.

[@hesomhcbrso]

Feeling overwhelmed by financial jargon and market fluctuations?

[@xiv3r]

Control the human production is the only key to mitigate massive global debt

[@hraday08]

whom I've to pay 38,000 usd which i had never borrowed?

[@happy-wave-form]

US can continue to do QE if USD is still the relevant global currency of trade.

[@BetAgain2]

End the FED now or we all die in poverty.

[@Santa-504]

How do you take something from someone? Convince them they owe it to you

[@youcantalwaysgetwhatyouwan6687]

we owe too much from aliens

[@J-c-d8f]

Spiritually indebted

[@ssuwandi3240]

Buck Foe Jiden!!

[@eds5977]

Been hearing about this all my life. It doesn't matter

[@BureaucracyWorld]

I'm feeling guilty, I'm not paying my global debts.

[@cameronf3343]

Excuse but 315 is much more than 100% more than 109.5.

[@twhelostl61]

It is almost as if someone fell asleep with their hand on the keyboard. What happens when they sterilize all of it. Gilligans Island? I've got dibs on Mrs. Howell.

[@nil7444]

why is she looking sideways? it's ridiculus

[@janani...7115]

Debt to whom ...to banks ..who made banks so powerfull ? Govts should take over banks when u think Debt is crushing th country

[@ACK333]

Businesses owners borrowing money for their reputations assurance and looping of profits and jobs. This is a very Great person job.

[@Brandon-xp1ob]

How did we get here? Fiat money. Most people are fu*ked

[@josuawilson6806]

That's impossible,the planet can never have any debt, do we owe the Martians

[@abzzmalik1642]

Who do we owe that debt ??

[@sparkyfromel]

Not "the World " just western world

[@MrSatadal]

We have to pay EMIs to Alien

[@mikebostic9518]

This woman doesn't understand the difference between private debt and public debt.

[@Cmi1267]

You do realize that there’s an entire team that helps her research , factchecks and edit the video before they release it right? Maybe you do not understand ?

[@kl-1183]

debt which reflects a portion into the real economy!!!way more.

[@TheDavidlloydjones]

People out there hold assets of $315 trillion and counting. That's because every debt here is an asset over there. Until we know who holds the debt, we don' know nuthin'. Which means yes, this video is all a lot of ignorant, useless, misdirecting blather. Poor innocent electrons being tortured for no reason!

[@MrStevemur]

Maybe it's like: country A has a $1 bn surplus, and country B also has a $1 bn surplus. The leaders get together and say woe, our populations will expect us to reduce taxes because we're both making surpluses. How about I lend my $1 bn to you and you lend yours to me. Now, for budgetary purposes, we both have debts instead of surpluses and we both have to raise taxes. Problem solved.

[@g.starkiller6354]

Why raise taxes? No one makes money by that? All politicians care about is being reelected and staying in power because that's how you print money

[@MrTrillionaire365]

Yes, surplus is the "n" to this current set-up system

[@fallinloveatfirstdream4222]

In recent times, there has been a noticeable trend of American interventionism, where the pursuit of war and economic interests seem to intertwine. However, China is taking a different approach by extending support to developing nations, aiming to reshape this paradigm. Instead of profiting from conflicts between nations, China is investing in global development.

[@striker44]

More debt trap creation and debt to equity position favoring the 'lender" in the name of development. Both these countries are destroying the world but waking up the sleepy lazy EU.

[@MarlinWilliams-ts5ul]

At least student loan debt is being cancelled; now undergrads can protest on campus with impunity.

[@anandpatel4502]

😂china india mexico biggest contributor, better to check debt to gdp of all three of them against USA's debt to gdp.

[@INFM424]

and it's all america's fault

[@Cool_tech.01]

Hold on divide the debt between countries who have take debt not among who lived within means.

[@MENSA.lady2]

To who is this $315 trillion owed ?

[@MrTrillionaire365]

To me!! I'm made poor inorder to sustain the fraud debt

[@tarawhite4419]

Earth A giant self storage planet

[@igrewold]

Shylocking is a tactic! ( Korah Hebrew: קֹרַח‎ Qōraḥ ; Arabic: قارون Qārūn )

[@yuluoxianjun]

Capitalism USA is the world biggest issue.

[@nishanttomar7826]

its all fine

[@adam248]

Bro I owed you nothing 😂

[@daleviker5884]

This is just a scare story for woke types. Most of that debt is Bank A owing money to Bank B, and Bank B owing money to Bank A. As the world economy expands, so too does liquidity within the banking system. Ten years from now that $315T will be much higher, and it will be no more of a problem than it is today. And remember, if there is $315T of debt, that means that someone is OWED $315T. Notice how these scary headlines never read "World is owed $315T, more than ever before"

[@danielakasmart2891]

Debt to who lol

[@heristyono4755]

Da juice

[@user-et7vi7hx1s]

Market

[@santostv.]

Investors

[@tomazrakovec1258]

In debt to whom? The aliens????

[@danieltan8734]

We need explain how USA pay the debt ??

[@handlerxy]

But who given the debt of 315T

[@trooper1972]

and Biden is helping for the world's debt ! 🤒

[@dominamortis1111]

A Global Jubilee would fix all this, just saying. Debt, currency, value... they're just abstract concepts. If we decide one day they mean nothing then they don't. Just do a Jubilee, all debt forgiven every 15 years. Would solve a lot of issues and reset everyone back to even ground. Life might be worth living again. But nah, lets just continue with the current state of things. Great idea.

[@striker44]

I can then borrow infinite money via loans as it gets written off. Yay!

[@gandhikumar2956]

The world should be led by friendly country like India instead of evil US after dollar collapses.

[@brycesattler2301]

Don't Mess With Texas!

[@let_mo6468]

Who does the world owe?

[@lukefernando4777]

Quite right, this is the question no one wants to answer!

[@ashfaqueali555]

Global Development and Global Debt

[@DavidYoung81]

I find this is extremely dumbed down and talking to me like a child about the obvious

[@Aviator526]

Hello. Who do I pay for my portion of the world debt? Thank you!

[@sthira]

Your future and everyone else you deeply love and care for. Best wishes.

[@africangem1121]

Also wish to know

[@MrTrillionaire365]

Me.

[@santostv.]

Lend it to the us government and profit from it

[@frugaleconomist99999]

Debt is 3X of GDP

[@tao_taoza]

Jakkrit kaewtoom LLC

[@kelovthvamsi]

I have only 80$ debt on me 😏🤷🏻‍♂️

[@maharlikayahudim4454]

They borrowed from whom?

[@sthira]

effectively from their future selves.

[@Artaxteam]

Marsa mı borçlandın ?

[@abhinandansaikia4857]

To whom the world owe the money. Alien???