If the richest countries are the biggest debtors, who come dey borrow them the money?

EmeeNaka:
Who are all these countries indebted to?

Fantastic question... Most of those top countries are indebted to their own countries

Omo, naija dey learn aswear

The only country that can f*ck everyone up is the USA. If that country goes down, China & Japan go dey sweat, immediately dem go hold 9ja for neck asking, WHERE'S MY MONEY? In fact majority of these countries have their reserves in USD, OMO Serious Gobe

Na so

FreeStuffsNG:
The 'developed' world is living a borrowed life. They are piling up debts for their unborn generation.

Same as barely developing nations like Nigeria and Ghana!

At least they're borrowing and making their lives better ... unlike here we dey borrow yet all of us still be like vulture up and down with our very ugly roads

chiefoga:


You people should calm down and speak good things into existence about your country. All you do is wail and wail and cry and cry with zero action zero common sense.

They lives their whole existence on emotion. Naturally,they have no control over their emotion, that's why they will always complain.

Hypocrites make the most noise.

When there was a PDP govt, deceivers like this fake moniker were wailing for change.

We can recognise them easily by how they attack anyone who complains about Nigeria.

Imagine this jackass telling us what Tinubu is going to do but ignoring what Tinubu DID to be declared Winner

A thief that stole an election will get there and start working for the people he stole the election from.

I was at a collation centre and saw wonders.

Oga gerrahere

chiefoga:


You people should calm down and speak good things into existence about your country. All you do is wail and wail and cry and cry with zero action zero common sense.

If naija no dey top 10 list by now then I don't believe this

Tulumbu:
yes I will

keep hoping for him.. no go hustle.. lazy bone

Hypocrites make the most noise.

When there was a PDP govt, deceivers like this fake moniker were wailing for change.

We can recognise them easily by how they attack anyone who complains about Nigeria.

Imagine this jackass telling us what Tinubu is going to do but ignoring what Tinubu DID to be declared Winner

A thief that stole an election will get there and start working for the people he stole the election from.

I was at a collation centre and saw wonders.

Oga gerrahere

chiefoga:


You people should calm down and speak good things into existence about your country. All you do is wail and wail and cry and cry with zero action zero common sense.

chiefoga:


You people should calm down and speak good things into existence about your country. All you do is wail and wail and cry and cry with zero action zero common sense.

Righteousness2:
All these are not so relevant.

The greatest debt of Humanity is the debt JESUS Christ paid on the cross of Calvary where his both hands and feet where nailed to the cross .
He did it not for himself , but that You and I will be saved.

Do not make that Price be a waste. Take advantage of it right now and subscribe to JESUS Christ by Surrendering your life to JESUS.

JESUS Christ is coming. Take advantage it is too late.

please shut up

AFONJACOW:
keep hoping for him.. no go hustle.. lazy bone

stop insulting your president elect you IPOB

US owning itself

Na wa o

All this economic kinikan is confusing

If you check well , 80 percent of the debt when dem say Nigeria de owe , na Okowa borrow am in the name of Delta state and Nigeria at large ..

That Man nearly borrow us enter slavery

EmeeNaka:
Who are all these countries indebted to?

The Jewish Bankers in Europe and America as well as everywhere and anywhere you find them.

They control the world finance either directly or indirectly.

Totilopussylick:
Quite unfortunate Nigeria is on the list but in Nigeria nothing to write home about even with the borrowed money

When will you guys stop all these silly things you say about your country. In your eyes, there's nothing good about nigeria? Nigeria gives everything for free including education. But These advanced countries you all will kill to go to, there's more than meet the eye about them.

Who them dey borrow the money from abeg....

Richest countries have the most debts, Richest individuals are also the ones with the most debts.
Debts is good if you invest it wisely.
Nigeria borrowed to build rail lines, 2nd Niger bridge and other project that will last for generations.

FreeStuffsNG:
The 'developed' world is living a borrowed life. They are piling up debts for their unborn generation.

You clearly don’t know how debts work abroad, it is a scam and paperweight.

I tire o

chiefoga:


You people should calm down and speak good things into existence about your country. All you do is wail and wail and cry and cry with zero action zero common sense.

VULCAN:
Hypocrites make the most noise.

When there was a PDP govt, deceivers like this fake moniker were wailing for change.

We can recognise them easily by how they attack anyone who complains about Nigeria.

Imagine this jackass telling us what Tinubu is going to do but ignoring what Tinubu DID to be declared Winner

A thief that stole an election will get there and start working for the people he stole the election from.

I was at a collation centre and saw wonders.

Oga gerrahere

You sound pained, too bad I can’t relate all I’m hearing is waah waah 😭 you are on your own o

EmeeNaka:
Who are all these countries indebted to?

That's a very good question!! But the problem is that if explained to you why, you won't believe it because it's a scam that even an Ngozi Okonjo Iweala grade of economists fall for and have no idea what's it's about.

I don't know where to begin to explain it because topics Ike this have remote causes that needs to be explained in a paragraph or two.

But let me try....

In brief, this problem began in 1973 when a US president, Nixon removed gold as the guarantee of real money or if you like; as the backer of real money. This means that the US can print any amount of paper and give it to another country as real money.

The other top counties learned the trick. That's enough background for now.

The US, UK, Germany, France, all those top developed countries run national scams called treasury bills, bonds, etc. Through their global control and stooges in government across the world, sell PAPER documents as money. They get other countries to sign documents that they have invested in US treasuries, bonds, etc but the money doesn't exist!! That's, they use their image to sell paper (non-existing money) to other countries and collect real money from them.

The counties the US so called owe are China, Japan, etc, other top counties who bought paper from the US. But in reality, the US doesn't owe anybody a dime. It's a scam!!

linearity:


You clearly don’t know how debts work abroad, it is a scam and paperweight.

Haha....is that what they taught you in school? smh.

You obviously know the theory. Debt, under any guise, is DEBT! No cent is an orphan in accounting o.

Totilopussylick:
Quite unfortunate Nigeria is on the list but in Nigeria nothing to write home about even with the borrowed money

Of course you will have something to say. Did you see the debt of 1-45? Check their population to Nigeria and then come back let’s continue the discussion.

You'll not see 1stGenAmerican in a post like this lol

EmeeNaka:
Who are all these countries indebted to?

IMF,world bank,

sunnywinner2015:
Who them dey borrow the money from abeg....

This is the most intelligent question here…Who you borrow from matters a lot and the volume of the debt and that is what is happening with Westerner countries unlike in Africa countries.

E.g bulk of US debts is owe to Social Security and the Federal Reserve and both entities are part and parcel of the US it’s, it is like the debt a husband owes his wife.

The other part of US debt are just IOU notes aka bonds they sell to China. China can sell those bonds back in the stock market and people will buy them, or the US can go back to the Federal Reserve borrow money and buy the notes back from China.

However in countries like Nigeria and others in Africa, we mortgage our future to borrow from external countries and squander the money.

Come read FreeStuffsNG and jumper524.

If USA, China, UK, Russia and Germany dey the list, who come dey borrow dem money?

Abeg na Wu dey boro Dem dis kind moni.......

FreeStuffsNG:

Haha....is that what they taught you in school? smh.

You obviously know the theory. Debt, under any guise, is DEBT! No cent is an orphan in accounting o.

Read my other comment on details about this, I tagged you.

These debts in the US only exist on account sheets of paper, they carry zero weight.