Debtor Nation DEATH?!?!? The Coming Currency CRISIS!
The World’s Biggest Debtor Nations
http://www.cnbc.com/id/30308959
In today’s struggling global markets, many national economies have looked to their government and foreign lenders for financial support, which translates to increased spending, borrowing and in most cases, growing national debt.
Deficit spending, government debt and private sector borrowing are the norm in most western countries, but due in part to the global financial crisis, some nations and economies are in considerably worse debt positions than others.
External debt is a measure of a nation’s foreign liabilities, capital plus interest that a country must eventually pay. This number not only includes government debt, but also debt owed by the private sector and individuals.
So, how does the US debt position compare to that of other countries? A useful measure of a country’s debt position is by comparing gross external debt to GDP, which offers a direct relation of a country’s total debt to the size of its economy. In this report, all countries are among the world’s 50 largest economies, and are ranked by current external debt as a percentage of 2008 GDP.
Who are the world’s biggest debtor nations? The rankings may surprise you!
Duration : 0:2:32
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February 5th, 2010 at 10:06 pm
LMAO! Hong Kong is …
LMAO! Hong Kong is part of PRC since 1997 and present? Why is it considered as a nation but not not territory! Anyway good .
February 5th, 2010 at 10:06 pm
The list does not …
The list does not reflect the economical soundness of the countries. I don’t know where this figures comes from, but they are not consistent with other statistics.
February 5th, 2010 at 10:06 pm
Search for “CIA …
Search for “CIA DEBT LIE”
Spread the video !
February 5th, 2010 at 10:06 pm
new world order or …
new world order or fourth reich? EU is germany? but unless germany buys gold and silver and gets off the dollars they shall fall down too.
February 5th, 2010 at 10:06 pm
@USnavyman- if …
@USnavyman- if their economy is the reason they drink so much…maybe we’ll be in drinking MORE than the Irish!
btw, I love Ireland! =)
February 5th, 2010 at 10:06 pm
IRELAND?!?! No …
IRELAND?!?! No wonder they drink so much!!
February 5th, 2010 at 10:06 pm
LOL think about it …
LOL think about it like this. Broke people have no money to spend, People With money spend more than they need to. Understand how we got in debt?
February 5th, 2010 at 10:06 pm
It’s called New …
It’s called New World Order! Revived Rome is the EU. Babylon always was and is in control of wordl.
February 5th, 2010 at 10:06 pm
There are a few …
There are a few more numbers you need.
Explicit debts and implicit debs for example. Implicit debs are not credits from bankers and obligations for the government they have to pay for example Pensions for state workers.
Then you can also add the private household debt into the equation. With this three the US Debt is around 105 trillon. Thats how much of the GDP – a little more then Ireland.
February 5th, 2010 at 10:06 pm
Learn about the …
Learn about the money system. Money is always equal to debts. So a wealthy country most have a lot of debts to have money.
Sounds stupid – not for the banksters.
But maybe less then 1% can answer the simple question “How is money created”
February 5th, 2010 at 10:06 pm
TO- leninstreet -: …
TO- leninstreet -: How can the USA GDP be 375% ? Did u hear that from Jim Rogers or Peter Schiff?
February 5th, 2010 at 10:06 pm
growby10,
…
growby10,
Interesting to see how almost any major country/colony/region previously under British rule is on the list (Australia probably only one I don’t see).
In other words, it seems anything that the British have gotten their hooks in, has been exploited & corrupted.
February 5th, 2010 at 10:06 pm
I think he thinks …
I think he thinks it would be some sort of domino-effect.
February 5th, 2010 at 10:06 pm
I DON’T GET IT:
…
I DON’T GET IT:
These are THE MOST DEVELOPED COUNTRIES..
How can they be worse of then 3rd world countries?… It makes no sense…
February 5th, 2010 at 10:06 pm
Eh? I’m not sure …
Eh? I’m not sure about the figures on Britain.
I can’t quite remember the percentage but I read it was less than 100% of GDP.
Of course you can’t believe everything you read in controlled newspapers.
I believe Mervyn King (BoE guvernor) saved Britain at the last second by stopping any more bailouts.
February 5th, 2010 at 10:06 pm
The real debt to …
The real debt to GDP figure for the US is 375%
February 5th, 2010 at 10:06 pm
Growby10-Keep these …
Growby10-Keep these vids coming! Good work! I’m in Asia right now and the situation here is pretty dire. Japan has been hit especially hard. I don’t think there are any safe havens anywhere.
February 5th, 2010 at 10:06 pm
You totally missed …
You totally missed the joke.
February 5th, 2010 at 10:06 pm
And what is the …
And what is the average amount of money an american have for his retirement fund and savings account
Compared to a Japanese or a Dutch guy.
average american -/- 400.000 ( Minus)
Japanese or Dutch +/+ 300.000
makes a difference of 700.000
so what does this mean after all.
Its a joke Issue
BTW Monaco percentage was over 1870%
onethousaneighthundredseventy percent
February 5th, 2010 at 10:06 pm
How can the …
How can the collpase of Ireland cause the collapse of the european community? I don’t understand this stuff very well, could you please explain?
February 5th, 2010 at 10:06 pm
GDP means nothing …
GDP means nothing in this case. USA’s GDP is over 70% consumption. Many other of those debtor nations have greater productive means and higher savings rates.
Nice Try. US is toast.
February 5th, 2010 at 10:06 pm
Yeah, seen that …
Yeah, seen that slide show before. Most of that Irish debt is personal and corporate. We have a terrible government at present and our credit rating has been downgraded again. We went from a massive boom to hitting the wall overnight. It is hell.
February 5th, 2010 at 10:06 pm
Your country would …
Your country would never been as powerful if the Irish never had arrived. Its the banking system thats crippled your country. Go throw your prejudices at the people who run them.
February 5th, 2010 at 10:06 pm
This is meaningless …
This is meaningless. Most of the countries on this list have strongly positive balance of payments. Meaning they make more then they import. Also,all of these countries are owed money from others. Saying that Germany is worse of then the US is a joke. What you need to do is to get a chart of nations that are bleeding(consuming far more then they make) and owing other nations money without them owing you.
February 5th, 2010 at 10:06 pm
Awesome video. …
Awesome video. Thanks for the information. I really thought we would be at the top of the pyramid.