The Entire World Is in Debt. Who Do We Owe?

Описание: The entire world is $350 trillion US dollars in debt. If we only consider debt owned by countries, that is still around $100 trillion US dollars. How is it that every single country is in debt? And what consequences will they face if debt keeps going up? Will we all end up like Greece?

Sources for papers and graphs used in this video: https://docs.google.com/document/d/1G...

My Substack post that includes sources mentioned in the video: https://substack.com/@thepeeplesecono...

Also, follow my Substack for in-depth posts that also answer other interesting questions not covered here on Youtube: https://thepeepleseconomist.substack....

Songs:
What Does Anybody Know About Anything by Chris Zabriskie is licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/...
Source: http://chriszabriskie.com/dtv/
Artist: http://chriszabriskie.com/

Spring (Wild Horseradish Jam) and Fall (Raven's Descent) by @ConcernedApe

Reviver by The Grey Room

Key Moments:
00:00 - Intro
01:09 - How Governments Spend Money
02:26 - Debt-to-GDP
04:22 - How Governments Borrow Money
07:23 - How Debt Is Measured
10:20 - General Consequences of Borrowing
14:58 - Debt Is Cheap
17:02 - What Is the Limit of Debt and What Happened to Greece?
20:46 - What's Up with Japan?
21:32 - Conclusion