The world's bankruptcy, in numbers

International Monetary Fund: Global public debt has reached 88 trillion dollars, equivalent to 98% of world GDP. Global debt (of governments, companies, organizations and individuals) is $ 281 trillion, equivalent to 355% of world GDP.

Mathematically, there is no way that the US can ever pay back what it owes to China.

Well, that is of course wrong. Because what the US owes to China is in US Dollars. And the US can print as many of them as it needs.

So keep calm. There is no way that The US will not be able to give back to China the unlimited USD it can print.

If China (or USA) will be able to buy with USD anything in the future, that’s a valid question that will be answered only by World War 3, as soon as (and if) the Digital Yuan will become the international method of exchange.

That’s exactly the reason why USA investing most of its resources on weapons and not in education, healthcare etc. to make sure that the debtor is always stronger and less vulnerable from it's creditor.

As long as the world accept the USD as a valuable currency, US economy is secured, safe and keep thriving. So no worry. Hakuna Matata.

Add Comment

Panamanian Port Operators Emphasise Automation and Regional Integration at the Maritime Intelligence Conference in Colombia

Leading executives from the Panamanian maritime sector are negotiating new terminal partnerships and discussing port automation technologies at the TOC Americas logistics confer...

Panama Launches Upgraded Investment Migration Programmes to Attract International Capital and Remote Technology Workers

The Panamanian government has revamped its digital nomad and residency-by-investment visa frameworks, aggressively targeting affluent North American expatriates and internationa...

Panama and Costa Rica Sustain Coordinated Humanitarian Bus Corridors to Secure the Orderly Transit of Northern Migrants

Immigration ministries in Panama and Costa Rica are maintaining highly structured overland transit protocols, using chartered bus convoys to move remaining asylum seekers safely...

Central American Logistics Corridors Face Mounting Pressure to Resolve Cross-Border Freight Bottlenecks Hampering Panamanian Trade

Regional logistics operators are demanding modernised digital customs systems and unified border controls as heavy administrative delays along the Pacific Corridor continue to a...

Panama Deepens Strategic Nearshoring Appeal Through Expanded Mercosur Trade Integration and Central American Diplomatic Alliances

Regional economists report that the ongoing integration of Panama into the Mercosur trade bloc is intensifying pressure on neighbouring Central American nations to modernise cus...

United States Deploys Humanitarian Aid to Panama Following Major Earthquake off the Azuero Peninsula

International disaster response teams are delivering over twenty-eight thousand pounds of emergency relief supplies to coastal communities after a magnitude seven-point-seven ea...

Panamanian Banking Regulators Tighten Financial Technology Compliance Standards to Protect United States Dollar Correspondent Access

The Superintendency of Banks of Panama is intensifying anti-money laundering scrutiny on emerging financial technology platforms, enforcing stricter compliance frameworks to saf...

Tocumen International Airport Exceeds Fourteen Million Passengers as Regional Aviation Connectivity Rebounds

Aviation authorities confirm that Tocumen International Airport handled more than fourteen million transit and destination passengers over a nine-month period, reflecting strong...

Maersk Restructures Gulf Ocean Express Shipping Services to Enhance Cargo Connectivity Through Panamanian Ports

Global shipping company Maersk has updated its regional maritime networks, integrating new direct calls at the ports of Balboa and Manzanillo to streamline container movements b...

Panamanian Service Exports Surpass Eleven Billion United States Dollars Driven by Double-Digit Growth in Transportation and Logistics

The Panamanian Ministry of Commerce and Industries announced that service exports expanded by nearly thirteen percent during the first half of the year, reflecting robust global...

Tocumen International Airport and SATS Sign Strategic Agreement to Expand Air Cargo Connectivity Between Asia and the Americas

Regional aviation hub Tocumen International Airport has formalised a memorandum of understanding with global ground handler SATS to develop new international freight flows, incr...

Panama Canal Authority Allocates One Billion United States Dollars to Accelerate Maritime Decarbonisation and Digital Transformation

Canal administrators have detailed a massive investment strategy to upgrade maritime scheduling algorithms and establish green shipping corridors, offering financial incentives ...

PanamaTimes