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!

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[USNavyman09]

IRELAND?!?! No wonder they drink so much!!

[Growby10]

@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! =)

[llothar68]

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"

[Gradenkos]

If you click the link underneath the movie to cnbc you will see there's an updated list where the USA is at place 20 and the Netherlands is fourth. Also compare the rapid increase of the debt in the Scandinavian countries. Ow and yeah Ireland is still on top with 1 312%. If you would take an interest rate of 3%, that means that almost 40% of the tax payers money will go to paying the interest.......

[coolguy98]

What happens when there's over 40 Weimar republics in the world, including the U.S?

[sniped101]

my goodness. how far does the debt have to be for the place to callasp?

[casienwhey]

your numbers for the US external debt as a percentage of GDP are off. According to wikipedia the correct number for all of 2009 for gross debt (both external and inter-governmental) was 86.1% and for just external or publically held debt the number was 54.6%. I am sure its higher today though.

[tiarnan76]

@mattandpatti222 youre 100% spot on...theres a new doc out called - a lamp in the dark - by the makers of riddles in stone....its about the vatican - its brilliant

[ToiYeuDatNuocCuaMinh]

LMAO! Hong Kong is part of PRC since 1997 and present? Why is it considered as a nation but not not territory! Anyway good .

[Siddis33]

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.

[eliasmouawad]

Search for "CIA DEBT LIE"

Spread the video !

[Rico8458]

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.