The world is $91 trillion in debt... seriously
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What's black and white and red all over? A spreadsheet mapping out the amount of debt that's owed by countries around the world.
Governments owe an unprecedented $91 trillion -- almost equal to the size of the entire global economy. The US government alone owes more than $34 trillion.
With that amount of debt, some experts warn even rich countries could see their living standards slip. And since it's an election-heavy year, the problem may get worse as campaigning politicians write checks their countries can't cash.
🌍💳 Is it time to panic? CNN's Hanna Ziady analyzes the world's ballooning debt burdens, how to fix them, and when things could really take a turn for the worse.
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Animation Professional
19hthe curious question here is......TO WHO!!!!????
Administrative Assistant Clinical Director, Political Scientist, GME Consultant, Healthcare Lobbyist, Professor, Mentor
1dWho does the world owe to…the Decepticons.
International business developer | Leadership - Project & Team management - Communication - Sustainability | I am dedicated to guiding companies through uncertain futures to thrive in Asia.
2dYou need to be absolutely oblivious to major questions such as economic ones and the physical laws in general to realize that now. Just by the way it works, the 91$ trillion debt will never be repaid. And that is not why "rich countries could see their living standards slip". It should be reformulated as "will see their living standards slip" because we won't avoid it whether we manage to repay that debt or fail to do so. The only question is how long until most of what we know falls apart.
Msc. International Affairs
2dMake more robots and AI. They will produce and work to pay that debt. Right? Right?
Marketing Director of Viegli and New Business Development at Big Marketing Ltd
2dIf I owe you a grand, it’s my problem when you want it back. If I owe you a trillion, that’s your problem not mine. Tell whoever you owe it to we haven’t got it. There! It’s their problem now, let’s get the potholes fixed