[lvlrsSTI]

[lvlrsSTI]

https://www.usdebtclock.org/

[revealer]

Must know what is National Debt.  The absolute value in USD means nothing.  Must measure in terms of Debt to GDP ratio;  then again what is the debt for.   For business & investment (money makes money).  debt is a good thing;  for gambling or other things &  homeownership(in recession),  debt is a bad thing for example.

The US has a debt to GDP ratio of 133%, Japan:  257%,  China 69%.  Does it mean US is worst off than China? and Japan is much worse than US and China? 

Likewise,  Singapore,  it has a Debt to GDP ratio of 138%.   Malaysia : 71%.  Does it mean Singapore is not better than Malaysia?   What about Parkistan and France and other example?

https://www.visualcapitalist.com/global-...gdp-ratio/

[lvlrsSTI]

[lvlrsSTI]

[Levin]

First, we must look at whether the debt is owed by the government or private entities. Private debt can be bank deposits in the country's banks by non-residents. What we are interested in is debt owed by the government, not these bank deposits by foreigners.

Next, we look at whether the government debt is external or internal. Govt external debt is money owed to foreigners by the government. That is the one that we are interested in, not the internal one. If the government debt is external, then yes, it is going to be a weight tying the country down.

So the important ratio is the government external debt over gdp. But unfortunately, all the websites I found just list the total debt or total external (including private) debt vs gdp which are not useful.

Another thing to note is the government assets as that will determine government net debt. Government net debt is also another meaningful figure. Singapore government has no net debt overall.

Need to find a website that gives the more meaningful debt figure and debt ratio.

Let me know if anyone found it.

[Niubee]

First, we must look at whether the debt is owed by the government or private entities. Private debt can be bank deposits in the country's banks by non-residents. What we are interested in is debt owed by the government, not these bank deposits by foreigners.

Next, we look at whether the government debt is external or internal. Govt external debt is money owed to foreigners by the government. That is the one that we are interested in, not the internal one. If the government debt is external, then yes, it is going to be a weight tying the country down.

So the important ratio is the government external debt over gdp. But unfortunately, all the websites I found just list the total debt or total external (including private) debt vs gdp which are not useful.

Another thing to note is the government assets as that will determine government net debt. Government net debt is also another meaningful figure. Singapore government has no net debt overall.

Need to find a website that gives the more meaningful debt figure and debt ratio.

Let me know if anyone found it.

USA external debts is 23.37 TRILLIONS.

https://tradingeconomics.com/country-lis...nt=america

[lvlrsSTI]

First, we must look at whether the debt is owed by the government or private entities. Private debt can be bank deposits in the country's banks by non-residents. What we are interested in is debt owed by the government, not these bank deposits by foreigners.

Next, we look at whether the government debt is external or internal. Govt external debt is money owed to foreigners by the government. That is the one that we are interested in, not the internal one. If the government debt is external, then yes, it is going to be a weight tying the country down.

So the important ratio is the government external debt over gdp. But unfortunately, all the websites I found just list the total debt or total external (including private) debt vs gdp which are not useful.

Another thing to note is the government assets as that will determine government net debt. Government net debt is also another meaningful figure. Singapore government has no net debt overall.

Need to find a website that gives the more meaningful debt figure and debt ratio.

Let me know if anyone found it.

https://www.thebalance.com/who-owns-the-...bt-3306124

[lvlrsSTI]

[lvlrsSTI]

[Levin]

https://www.thebalance.com/who-owns-the-...bt-3306124

US is an anomaly and we cannot just look at its external debt because FED owns a lot of the debt. The FED owns over 8 trillion USD debt according to the article athough it should not hold any debt. It happened because:

As the nation's central bank, the Federal Reserve is in charge of the country's credit. It doesn't have a financial reason to own Treasury notes. So why does it?


The Federal Reserve actually tripled its holdings between 2007 and 2014. The Fed had to fight the 2008 financial crisis, so it ramped up open market operations by purchasing bank-owned mortgage-backed securities. The Fed began adding U.S. Treasurys in 2009. It owned US$1.6 trillion, by 2011, maxing out at US$2.5 trillion in 2014.

......

The Fed purchased Treasurys from its member banks, using credit that it created out of thin air. It had the same effect as printing money.

......

The Federal Open Market Committee (FOMC) said the Fed would begin reducing its Treasury holdings in 2017. But it purchased Treasurys again just a few years later.

On March 15, 2020, the Federal Reserve announced that it would purchase US$500 billion in U.S. Treasurys and $200 billion in mortgage-backed securities over the next several months.7 The FOMC expanded QE purchases to an unlimited amount on March 23, 2020.8 Its balance sheet had grown to US$8.76 trillion by May 2021 (Levin's Note: should be bigger by now).