Episodes
Tuesday May 10, 2022
05.10.2022 Who Will Pay Off The World’s Sovereign Debt
Tuesday May 10, 2022
Tuesday May 10, 2022
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Today's Show Highlights (Video link below)
Global government debt jumped 7.8% in 2021 to $65.4 trillion as every country assessed saw borrowing increase, while debt servicing costs dropped to a record low of $1.01 trillion, an effective interest rate of just 1.6%. Japan population of 127,185,332, has the highest national debt in the world at 234.18% of its GDP, followed by Greece at 181.78%. Japan's national debt currently sits at $9.087 trillion. Foreign governments purchasing U.S. treasuries include China, Japan, Brazil, Ireland, U.K. China represents 29 percent of all treasuries issued to other countries, which corresponds to $1.18 trillion. Hong Kong's market-driven economy is characterized by a lucrative financial banking sector, well-regulated financial controls, large foreign exchange reserves, and virtually no public debt.Join Tom and Shane offer the big payoff. We’re live on Facebook, YouTube, Twitter, and LinkedIn Live every Tues. and Thurs. 10am Mountain Time. Check it out.
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New Business/Political Podcasts every Tues and Thursday on Facebook and YouTube Live at 10am Mountain Time.
Tom and Shane are live on the air every Saturday 8am to 11am Mountain Time at KMMSAM.COM.
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