The US national debt is the most wealth on the planet

Video: The US national debt is the most wealth on the planet

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

The aggregate value of all cash currency, gold, silver and digital currency bitcoin worldwide is less than US debt

When the sums turn into billions or trillions, they start to lose their meaning.

The US government debt refers to such amounts. It currently stands at about $ 19.5 trillion. The figure is actually so great that it is really difficult for an ordinary person to even imagine it.

To understand how significant this indicator is, let's compare it with numerical data that are easier to understand.

Today, the amount of US government debt is compared with various indicators, ranging from assets under the management of the world's largest financial managers to the annual cost of gold production.

The US government debt exceeds the value of the 500 largest publicly traded companies in America.

The S&P 500 is a stock market index that tracks the value of the 500 largest US companies by market capitalization. This includes such giants as Apple, Exxon Mobil, Microsoft, Alphabet, Facebook, Johnson & Johnson and many others. In the summer of 2016, the combined value of all these 500 companies was $ 19.1 trillion - slightly less than the total amount of debt.

It is 25 times the value of 2015 world oil exports.

Yes, countries like Saudi Arabia, Kuwait and Russia are making a lot of profit from selling their oil around the world. Nevertheless, the value of exports in this case is negligible compared to the amount of debt. For example, in order to fully pay off the debt, the Saudis will need to donate their oil revenues generated over the next 146 years.

In fact, the US national debt exceeds the combined value of all the cash currency, gold, silver, and digital currency bitcoin in the world.

Indeed, if you count every dollar, euro, yen, pound, yuan and every other banknote or coin that exists in the world, they add up to only a paltry $ 5 trillion. Adding here the world's physical gold ($ 7.7 trillion), silver ($ 20 billion) and cryptocurrency ($ 11 billion), in total we get up to $ 12.73 trillion. Which is approximately 65% of the US national debt.

Russia is slipping into a big debt hole

Many Russian media outlets have published interesting data contained in a recent study by the credit bureau Equifax. The study provides statistics of loans taken by the population of the country, and resulting from such lending of debts

How the elite dominates the world. Part 1: debt as a tool of enslavement

Throughout human history, those called the ruling class have found various ways to force those under their control to work for their economic gain

The size of the US national debt for 2020 is commensurate with the entire economy of the country

You will never hear this phrase: "Gentlemen, the national debt has been paid." This phrase was spoken only once in Washington, when a senator announced that the US government was officially out of debt. This happened on January 8, 1835, when the government finally paid off all the debts accumulated since the formation of the United States. But the US will no longer be able to free itself from debt. It took 174 years for our debt to reach a mind-boggling $ 11 trillion by 2009. dollars

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Many rulers sought to immortalize the years of their reign in gold and marble. Sculptures, portraits and, of course, personal residences are not only the satisfaction of ambitions, but also a demonstration of power. Only some opened the doors of luxurious apartments for philosophers and artists, while others hid from the world with a handful of courtiers