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"What if I told you that the world is sitting on a mountain of debt so enormous, it now totals over $300 trillion? That’s the combined debt of governments, companies, and households worldwide—a number so big, it almost doesn’t feel real.
That’s why today, we’re going to unravel the real story behind global debt—how it started, who holds the bag, and what it means for your future. Enjoy!"
~ Coin Bureau
The video explains what global debt is, why it has grown, and what it means for the future. Global debt is the total amount of money owed by governments, companies, and households globally. The video breaks this down into three types: public debt, corporate debt, and household debt. Debt is a useful tool that allows countries, companies, and families to finance large-scale projects, survive crises, and make major purchases.
Historically, the growth of global debt was limited until the Bretton Woods system was broken in 1971. Since then, it has grown in response to global crises and is now driven by factors like ageing populations and infrastructure needs. While governments rarely pay off their entire debt, they manage it by "rolling over" it and by keeping interest rates below the inflation rate to reduce its real value. The sustainability of this debt relies on the confidence of lenders that a country can meet its obligations.
0:00 Intro
0:52 What is Global Debt?
4:37 The Debt Leaderboard
9:58 The Debt is Created, Held and Managed
11:49 Why Debt Keeps Growing?
16:03 Is It Sustainable?
19:41 The Road Ahead
Source - Coin Bureau YouTube: https://www.youtube.com/watch?v=wix6ygkxlM0
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
