How the world got into $315 trillion of debt

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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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Опубликовано:

27 май 2024

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Комментарии : 172

@Heartadia Месяц назад

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.

@koushikmediga8397 Месяц назад

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

@leealex24 Месяц назад

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.

@souravjaiswal-jr4bj Месяц назад

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

@jy3ster Месяц назад

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

@estiennetaylor1260 Месяц назад

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

@victortoba-ogunleye4056 Месяц назад

Did you watch the video?

@leealex24 Месяц назад

@cameronf3343 Месяц назад

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

@leealex24 Месяц назад

@@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?

@sreenathatirunarayanapura9296 Месяц назад

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

@1017KitchenBoy Месяц назад

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

@ankitSharma-uo6zf Месяц назад

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 Месяц назад

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

@MrTrillionaire365 19 дней назад

You're paying for your waste

@HagiaFantasia Месяц назад

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 Месяц назад

Poor will stay poor due to their habits

@caringheart34 Месяц назад

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 19 дней назад

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

@HelenSurina-mv8ot Месяц назад

Ontario predicted Global debt would reach 418T dollars

@chernorleigh7056 Месяц назад

So who do we ow

@MrTrillionaire365 19 дней назад

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

@Questioneverything2050 Месяц назад

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

@wilfredpeake9987 Месяц назад

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

@bitcoindaddy1 Месяц назад

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.

@lifevest1 Месяц назад

"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."

@tomb5552 Месяц назад

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.

@pimpnamedslickback7780 Месяц назад

Who tf are we in debt with? The martians 😂

@victortoba-ogunleye4056 Месяц назад

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

@mrchow7517 Месяц назад

Yeah 🇮🇱

@mrchow7517 Месяц назад

🤮

@Adamkww Месяц назад

We're like a snake eating itself 💀

@MrTrillionaire365 19 дней назад

To your future or the future!!!!

@subrataghosh7213 Месяц назад

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.

@Hkchinese888 Месяц назад

Don't worry, I have no debt.

@lokesh303101 Месяц назад

1 Trillion Dollar = 1000 Billion Dollars.

@user-yy9hk9od9u Месяц назад

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

@loveyouyarro Месяц назад

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

@ACK333 Месяц назад

Does that mean no debt is the richest? XD

@bozok6360 Месяц назад

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

@g.starkiller6354 Месяц назад

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

@bozok6360 Месяц назад

@@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 19 дней назад

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

@detectivegenius9744 Месяц назад

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 19 дней назад

Not reality but fraud. Deliberate fraud

@ishwarlxm6333 Месяц назад

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

@lukefernando4777 Месяц назад

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

@MrTrillionaire365 19 дней назад

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

@mikebostic9518 Месяц назад

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.

@sahilkarir8404 Месяц назад

It’s a man made debt!!!

@leealex24 Месяц назад

@Jpantab Месяц назад

Who does the world owe? Mars?

@Chandankumar-qw6hb Месяц назад

5 trillion us doller printed money

@Robis9267 Месяц назад

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

@Nnamdi-wi2nu Месяц назад

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 19 дней назад

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

@SoCalFreelance Месяц назад

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

@BureaucracyWorld Месяц назад

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

@Miguelsw Месяц назад

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.

@hitshsachdev7700 Месяц назад

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 Месяц назад

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

@estiennetaylor1260 Месяц назад

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 Месяц назад

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

@sachin2842 Месяц назад

@@estiennetaylor1260yes chinese are far ahead 😮

@Hkchinese888 Месяц назад

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

@MrTrillionaire365 19 дней назад

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

@ssuwandi3240 Месяц назад

Buck Foe Jiden!!

@cameronf3343 Месяц назад

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

@Cool_tech.01 Месяц назад

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

@happy-wave-form Месяц назад

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

@Aviator526 Месяц назад

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

@sthira Месяц назад

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

@africangem1121 Месяц назад

Also wish to know

@MrTrillionaire365 19 дней назад

Me.

@Santa-504 Месяц назад

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

@adam248 Месяц назад

Bro I owed you nothing 😂

@mikebostic9518 Месяц назад

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

@victortoba-ogunleye4056 Месяц назад

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

@hesomhcbrso Месяц назад

Feeling overwhelmed by financial jargon and market fluctuations?

@BetAgain2 Месяц назад

End the FED now or we all die in poverty.

@MrSatadal Месяц назад

We have to pay EMIs to Alien

@xiv3r Месяц назад

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

@AlldatJazz-rw9wy Месяц назад

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

@nil7444 Месяц назад

why is she looking sideways? it's ridiculus

@tomazrakovec1258 Месяц назад

In debt to whom? The aliens????

@danielakasmart2891 Месяц назад

Debt to who lol

@heristyono4755 Месяц назад

Da juice

@user-et7vi7hx1s Месяц назад

Market

@ACK333 Месяц назад

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

@JJ-k-c2t Месяц назад

Spiritually indebted

@janani...7115 Месяц назад

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

@stargazeronesixseven Месяц назад

😮🙏 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 ... 🙏🌍✌🕊

@eds5977 Месяц назад

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

@abzzmalik1642 Месяц назад

Who do we owe that debt ??

@mikebostic9518 Месяц назад

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

@Cmi1267 Месяц назад

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 ?

@kedaragate3302 Месяц назад

But who given the debt of 315T

@hyuxion Месяц назад

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

@chadwaynebradley Месяц назад

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

@hyuxion Месяц назад

@@chadwaynebradley who owns the bank?

@MarlinWilliams-ts5ul Месяц назад

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

@danieltan8734 Месяц назад

We need explain how USA pay the debt ??

@MrStevemur Месяц назад

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 Месяц назад

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 19 дней назад

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

@MENSA.lady2 27 дней назад

To who is this $315 trillion owed ?

@MrTrillionaire365 19 дней назад

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

@fallinloveatfirstdream4222 Месяц назад

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 Месяц назад

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.

@maharlikayahudim4454 Месяц назад

They borrowed from whom?

@sthira Месяц назад

effectively from their future selves.

@MCorpReview Месяц назад

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

@frugaleconomist99999 Месяц назад

Debt is 3X of GDP

@kelovthvamsi Месяц назад

I have only 80$ debt on me 😏🤷🏻‍♂️

@igrewold 19 дней назад

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

@anandpatel4502 Месяц назад

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

@nishanttomar7826 Месяц назад

its all fine

@brycesattler2301 Месяц назад

Don't Mess With Texas!

@dominamortis1111 Месяц назад

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 Месяц назад

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

@let_mo6468 Месяц назад

Who does the world owe?

@lukefernando4777 Месяц назад

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

@ashfaqueali555 Месяц назад

Global Development and Global Debt

@Artaxteam Месяц назад

Marsa mı borçlandın ?

@gandhikumar2956 Месяц назад

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

@abhinandansaikia4857 Месяц назад

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

@daleviker5884 Месяц назад

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"

@yuluoxianjun Месяц назад

Capitalism USA is the world biggest issue.

@trooper1972 Месяц назад

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

@DavidYoung81 Месяц назад

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

@filibertocaceresbetancur-yn7mq Месяц назад

The peoples speaker on climate change but they know not mathematics Latin America City iquitos

@africangem1121 Месяц назад

We😂 ?????

@urbanstrencan Месяц назад

So newborns are already owning 40K😮😮😮

@angae9319 Месяц назад

❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤very very happy ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤

@peaceleader7315 Месяц назад

Duh.. capitalism economic system is an enslaved economic system ?

@daleviker5884 Месяц назад

How so? I live in a capitalist society and all I ever saw was opportunity. If you feel like a slave that speaks volumes about your mindset.

@peaceleader7315 Месяц назад

@daleviker5884 you must have been individually chosen by the system.. yet for the rest of the world population as the majority wasn't. And yeah, my mindset is never about individualism . Capitalism economic system It always was about the masters and the enslaved