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#socialnetworking *** US national debt tops $35T *** By Riva Gold, Editor at LinkedIn News " Borge Brende: We haven't seen this kind of debt since the Napoleonic wars. We're getting close to 100% of Global GDP. $315 trillion is a staggering number to visualize but consider this. In 2024, global gross domestic product — or GDP — amounted to $109.5 trillion — slightly over a third of that global debt number. May 27, 2024 ". "Gross national debt in the U.S. has surpassed $35 trillion for the first time, per The Treasury Department's national balance sheet report." "A country's level of debt doesn't necessarily reflect the financial well-being of its citizens." MY Response: No matter, how much some economists and scientists like to turn the picture of the manual monopolization of the colonized global debt system into a realistic dynamic global financial system for global crisis. 1- The total global services and products of global debt, banks, and insurance are not equal to a fraction of their financial wealth. 2- superpower government countries are unable to pay the interest on thier national debt, how about thier people? 3- Global debt plus interest values are legal fake values in printing digital and currency money for global artificial designed bubble game of legal monopolized style 4- The dynamic payment for a debt nation is by transferring it to another nation, in wars and global conflicts style into a higher level of debt of bloody slavey style. One Nation sucks the blood of another, not sharing a dynamic solution for both countries. 5- The U.N. World Bank is the worst legal example of the manual practice of the global debt system.

#economy *** US national debt tops $35T *** By Riva Gold, Editor at LinkedIn News " Borge Brende: We haven't seen this kind of debt since the Napoleonic wars. We're getting close to 100% of Global GDP. $315 trillion is a staggering number to visualize but consider this. In 2024, global gross domestic product — or GDP — amounted to $109.5 trillion — slightly over a third of that global debt number. May 27, 2024 ". "Gross national debt in the U.S. has surpassed $35 trillion for the first time, per The Treasury Department's national balance sheet report." "A country's level of debt doesn't necessarily reflect the financial well-being of its citizens." MY Response: No matter, how much some economists and scientists like to turn the picture of the manual monopolization of the colonized global debt system into a realistic dynamic global financial system for global crisis. 1- The total global services and products of global debt, banks, and insurance are not equal to a fraction of their financial wealth. 2- superpower government countries are unable to pay the interest on thier national debt, how about thier people? 3- Global debt plus interest values are legal fake values in printing digital and currency money for global artificial designed bubble game of legal monopolized style 4- The dynamic payment for a debt nation is by transferring it to another nation, in wars and global conflicts style into a higher level of debt of bloody slavey style. One Nation sucks the blood of another, not sharing a dynamic solution for both countries. 5- The U.N. World Bank is the worst legal example of the manual practice of the global debt system.

#highereducation *** US national debt tops $35T *** By Riva Gold, Editor at LinkedIn News " Borge Brende: We haven't seen this kind of debt since the Napoleonic wars. We're getting close to 100% of Global GDP. $315 trillion is a staggering number to visualize but consider this. In 2024, global gross domestic product — or GDP — amounted to $109.5 trillion — slightly over a third of that global debt number. May 27, 2024 ". "Gross national debt in the U.S. has surpassed $35 trillion for the first time, per The Treasury Department's national balance sheet report." "A country's level of debt doesn't necessarily reflect the financial well-being of its citizens." MY Response: No matter, how much some economists and scientists like to turn the picture of the manual monopolization of the colonized global debt system into a realistic dynamic global financial system for global crisis. 1- The total global services and products of global debt, banks, and insurance are not equal to a fraction of their financial wealth. 2- superpower government countries are unable to pay the interest on thier national debt, how about thier people? 3- Global debt plus interest values are legal fake values in printing digital and currency money for global artificial designed bubble game of legal monopolized style 4- The dynamic payment for a debt nation is by transferring it to another nation, in wars and global conflicts style into a higher level of debt of bloody slavey style. One Nation sucks the blood of another, not sharing a dynamic solution for both countries. 5- The U.N. World Bank is the worst legal example of the manual practice of the global debt system.

What is Sovereign Debt? Consider Maria, a small business owner in a country hit by a sovereign debt crisis. Her once-thriving bakery is now struggling due to soaring inflation and plummeting consumer spending. For Maria, it's not just about numbers on a spreadsheet; it's her livelihood and her family's future. When her government turned to the IMF for assistance, Maria was skeptical. Would this mean more austerity and less support for small businesses? However, over time, the IMF's involvement led to critical reforms and financial support that stabilized the economy. For Maria, it meant fewer sleepless nights worrying about skyrocketing prices and more time focusing on growing her business. 🦉 The Importance of Sovereign Debt and the IMF's Role Sovereign debt, the money borrowed by governments, is a double-edged sword. On one hand, it can fuel infrastructure projects, social programs, and economic growth. On the other, excessive debt can lead to crises, as seen in the 2008 financial meltdown and more recently in countries like Greece and Argentina. The IMF steps in as a global financial counselor. Established in 1944, the IMF's mission is to ensure the stability of the international monetary system. It provides policy advice, financial assistance, and technical support to member countries, especially those facing economic difficulties. Economic Surveillance: The IMF monitors global and national economies, identifying risks and providing policy recommendations. Financial Assistance: Through lending programs, the IMF supports countries in crisis, helping them restore economic stability. Capacity Development: The IMF offers training and technical assistance to help countries strengthen their economic institutions. 📓  How to Navigate Sovereign Debt with IMF Support Navigating sovereign debt is like walking a financial tightrope. Here are some steps, inspired by the IMF's approach, to maintain balance: Conduct Regular Assessments: Just as the IMF regularly reviews economies, countries should continuously assess their fiscal health to identify potential risks early. Implement Prudent Fiscal Policies: Balance spending with sustainable debt levels. Avoid excessive borrowing that could lead to crises. Strengthen Institutions: Invest in strong economic institutions that can withstand shocks. The IMF provides training and support in this area. Seek Technical Assistance: Use resources like the IMF for technical assistance in developing sound economic policies. Maintain Transparency: Transparent policies build trust with both domestic and international stakeholders, which is crucial for economic stability. #Kenya #KenyaFinanceBill2024

The US government has added nearly $2 trillion to the national debt since the start of the year, according to new data from the Treasury Department. The Treasury’s Debt to the Penny database shows that the US national debt has increased by $1.92 trillion since January 2nd, bringing the total debt to more than $35.91 trillion as of November 5th. The national debt reached the $35 trillion level for the first time in July and is now less than $90 billion shy of hitting the $36 trillion mark. #nationaldebt https://lnkd.in/eDWegusr National Debt Clock

Sovereign debt defaults have profound implications for global economic stability and financial markets. Notable defaults by nations like Greece, Argentina, and Russia have caused disruptions, leading to deep recessions and economic challenges. Greece's 2012 default, for instance, resulted in slashed government spending, higher unemployment rates, and reduced consumer spending after years of economic decline. After major defaults like Russia's in 1998, investor confidence worldwide can be shaken, triggering currency crises and significant market volatility. Countries often face challenges with debt restructuring post-default, prolonging uncertainty and hindering economic recovery, as observed in Ukraine's recent $20 billion loan restructuring in 2024. A lasting impact of defaults is the damage to a nation's credit rating, making future borrowing more difficult and expensive. Argentina's defaults have led to higher borrowing costs, reflecting investor risk perception and potentially fueling unsustainable debt cycles. Sovereign debt defaults not only affect domestic economies but also have widespread repercussions on global financial markets, investor confidence, lending practices, and overall economic stability. The enduring effects of these defaults highlight the intricate interplay between nations' fiscal health and the broader financial landscape.

The $100 Trillion Time Bomb: A Looming Global Debt Crisis The International Monetary Fund (IMF) has issued a stark warning: global public debt is projected to reach a staggering $100 trillion this year, fueled primarily by escalating debt levels in China and the United States. This alarming figure represents a significant increase from the $27.2 trillion recorded in 2008, highlighting the rapid acceleration of debt accumulation over the past two decades. This looming debt crisis, coupled with persistent inflation and sluggish economic growth, paints a concerning picture for the global economy. The Data Tells the Story: The IMF's Fiscal Monitor projects the following debt levels as a percentage of GDP by 2050: World: 188% G7 Nations: 122.3% United States: 197.7% China: 115.4% These figures represent a substantial increase from 2000 levels and indicate a worrying trend of escalating debt burdens. The US, in particular, is projected to have a debt-to-GDP ratio nearing 200%, a level that historically signals significant economic strain. The Drivers of Debt: (1) Several factors contribute to this escalating debt crisis: The COVID-19 Pandemic: Governments worldwide incurred substantial debt to fund pandemic relief measures, including healthcare spending and economic stimulus packages. (2) Geopolitical Instability: The war in Ukraine and subsequent inflationary pressures have further strained public finances, requiring additional borrowing to mitigate economic shocks. (3) Systemic Issues: The IMF highlights the inherent risks associated with high debt levels in systemically important countries like the US and China. Spillover effects, such as increased borrowing costs and debt-related risks for other economies, are a significant concern. The Consequences of Inaction: The IMF warns of an "unforgiving combination of low growth and high debt," urging governments to take proactive measures to address this growing crisis. Failure to do so could lead to: (1) Market Backlash: Investors may lose confidence in heavily indebted nations, leading to higher borrowing costs and potentially triggering a financial crisis. (2) Reduced Fiscal Space: High debt levels limit a government's ability to respond to future economic shocks, leaving them vulnerable to crises. (3) Slower Economic Growth: Debt servicing costs divert resources away from productive investments, hindering long-term economic growth. Disclaimer: Personal View Source: BS #GlobalDebtCrisis #EconomicRisk #FiscalResponsibility

The article explores the counterintuitive idea that national debt, particularly in major economies such as the United States and the United Kingdom, might not be the catastrophic financial burden it is often portrayed to be. By drawing parallels to myths and outdated beliefs, the author invites readers to question the commonly accepted narrative that government borrowing is inherently dangerous. The comparison to debunked myths, such as the belief in a flat Earth or sacrifices to mythical creatures, emphasizes how deeply ingrained yet flawed certain perceptions can be. Historically, public discourse has framed national debt as a ticking time bomb, an existential threat to economic stability. However, this article suggests that such fears may overlook the unique characteristics of sovereign debt in countries that control their own currencies. Governments like the United States can issue their own money, and the global demand for their currencies places them in a fundamentally different position from households or businesses when it comes to managing debt. The article further questions why society continues to perceive national debt as a catastrophic problem. It implies that such fears might be more ideological than grounded in economic reality. By comparing these anxieties to beliefs in mythical creatures, the author suggests that fears about national debt may be similarly irrational or misplaced. Ultimately, the article challenges readers to rethink their assumptions about national debt. It proposes that, rather than being an economic killer, sovereign debt might serve as a powerful tool for fostering economic growth and stability, provided it is managed responsibly.

Total world debt hits a record $323 trillion in Q3 Global debt has hit an earth-shattering $323 trillion in the third quarter of 2024. That’s $12 trillion more than where we started the year. Over the last two decades, total global debt has tripled, putting today’s figure into perspective. Debt-to-GDP… https://lnkd.in/gSpZHVV8 #GlobalDebt #WorldEconomy #EconomicTrends #FinanceNews #DebtCrisis #GlobalMarkets #EconomicGrowth #FinancialStability #DebtManagement #Macroeconomics #GlobalFinance #EconomicAnalysis #DebtRecord #FinancialInsights #EconomicUpdates #DebtStatistics #WorldEconomics #FinancialTrends #GlobalDebtCrisis #EconomicChallenges

The world is mired in $315 trillion of debt, according to a report from the Institute of International Finance. This global debt wave has been the biggest, fastest and most wide-ranging rise in debt since World War II, coinciding with the Covid-19 pandemic. https://lnkd.in/g6Zhxkmu #globaldebt #growth #315trillions #usdollar #2024 #iif #report