Urchins are on hot seat, expect more of such threads to justify their fuckery.

jumper524:
If the richest countries are the biggest debtors, who come dey borrow them the money?

That is why western countries debts are scam….read my detail post about this a few comments above.

US is the biggest shareholders of World Bank & IMF and gain huge money from Africa countries loan repayments with interest.

1. Those countries owe themselves, in their own currencies, not foreigners.
Like FG owing CBN.
That "debt" is the total volume of printed money.✔️

2. Japan stat is wrong. Debt is about 230% of GDP = >$12trn

3. Nigeria's Federal debt is N47trn ($101bn). It was $9.7bn in 2015. Your data is mortally misleading.✖️

4. Nigeria is owing others & in foreign currency. That is the world's biggest debt. Meaning she has to work, earn the foreign currency through forex and pay - that's very different!

frowland:


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.

They're hypocrite

WriterNiig:


1. 🇺🇸 United States = $31 trillion
2. 🇬🇧 United Kingdom = $8.73 trillion
3. 🇫🇷 France = $7.04 trillion
4. 🇩🇪 Germany = $6.46 trillion
5. 🇯🇵 Japan = $4.36 trillion
6. 🇨🇳 China = $2.64 trillion
7. 🇮🇹 Italy = $2.51 trillion
8. 🇪🇸 Spain = $2.26 trillion
9. 🍁 Canada = $3.2 trillion
10. 🇦🇺 Australia = $1.83 trillion
11. 🇨🇭 Switzerland = $1.82 trillion
12. 🇸🇬 Singapore = $1.67 trillion
13. 🇧🇪 Belgium = $1.28 trillion
14. 🇦🇹 Austria = $757 billion
15. 🇳🇴 Norway = $721 billion
16. 🇫🇮 Finland = $613.9 billion
17. 🇮🇳 India = $610.5 billion
18. 🇧🇷 Brazil = $556 billion
19. 🇳🇱 Netherlands = $555 billion
20. 🇩🇰 Denmark = $492 billion
21. 🇷🇺 Russia = $489 billion
22. 🇹🇷 Türkiye = $444 billion
23. 🇬🇷 Greece = $442 billion
24. 🇲🇽 Mexico = $437 billion
25. 🇵🇹 Portugal = $408 billion
26. 🇰🇷 South Korea = $407 billion
27. 🇵🇱 Poland = $364 billion
28. 🇦🇷 Argentina = $273 billion
29. 🇲🇾 Malaysia = $229 billion
30. 🇮🇪 Ireland = $228 billion
31. 🇺🇦 Ukraine = $225 billion
32. 🇦🇪 United Arab Emirates = $220 billion
33. 🇸🇦 Saudi Arabia = $201 billion
34. 🇲🇷 Mauritius = $200 billion
35. 🇹🇼 Taiwan = $199 billion
36. 🇦🇺 New Zealand = $192 billion
37. 🇨🇱 Chile = $187 billion
38. 🇵🇷 Puerto Rico (United States) = $167 billion
39. 🇰🇿 Kazakhstan = $167 billion
40. 🇶🇦 Qatar = $159 billion
41. 🇪🇬 Egypt = $158 billion
42. 🇹🇭 Thailand = $149 billion
43. 🇭🇺 Hungary = $148 billion
44. 🇿🇦 South Africa = $143 billion
45. 🇨🇿 Czech Republic = $138 billion
46. 🇵🇰 Pakistan = $122 billion

60. 🇲🇦 Morocco = $63.7 billion
84. 🇰🇪 Kenya = $22.2 billion
87. 🇬🇭 Ghana = $22.1 billion

101. 🇳🇬 Nigeria = $15 billion

164. 🇹🇬 Togo = $1.17 billion
167. 🇱🇷 Liberia = $1.1 billion

Nigeria's debt is over 30 Billion dollars. Wikipedia probably wrote that a long time ago.

All the one Buhari borrowed in all of our names, there’s next to nothing on ground to show for it…especially in the south-east!

linearity:


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.

LoL why are you sharing misinformation?. You have no idea what you're talking about. These monies were borrowed to finance country's project . But slave Nigerians will find excuse like yours just because it involve the USA and other countries we worship

linearity:


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.

This is the breakdown of US debt so I honestly do not know how you concluded on the @bolded

The op must be an urchin trying to sell his expired goods. Most western debts are in bonds and their GDP is balanced unlike Nigeria that borrows from anywhere with nothing to show for it.

musicwriter:


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!!

Well put, also the US borrows from itself e.g. from Social Security and Federal Reserve.

Like you said, those IOU sold to China & Japan are scam and paper money, if China makes mouth tomorrow that they want their money back, they can sell the note in the market or the US can go to Federal Reserve and ask them to mint one coin and put a face value of $300 billion on it and send it China and ask them to return change, it is all a very big scam.

But in Africa it is not a scam, we borrow money using foreign currencies and exchange real values, since these loans are in foreign currencies we can’t tell CBN to mint a 1 trillion Naira coin and use it to settle China just like US.

WriterNiig:


1. 🇺🇸 United States = $31 trillion
2. 🇬🇧 United Kingdom = $8.73 trillion
3. 🇫🇷 France = $7.04 trillion
4. 🇩🇪 Germany = $6.46 trillion
5. 🇯🇵 Japan = $4.36 trillion
6. 🇨🇳 China = $2.64 trillion
7. 🇮🇹 Italy = $2.51 trillion
8. 🇪🇸 Spain = $2.26 trillion
9. 🍁 Canada = $3.2 trillion
10. 🇦🇺 Australia = $1.83 trillion
11. 🇨🇭 Switzerland = $1.82 trillion
12. 🇸🇬 Singapore = $1.67 trillion
13. 🇧🇪 Belgium = $1.28 trillion
14. 🇦🇹 Austria = $757 billion
15. 🇳🇴 Norway = $721 billion
16. 🇫🇮 Finland = $613.9 billion
17. 🇮🇳 India = $610.5 billion
18. 🇧🇷 Brazil = $556 billion
19. 🇳🇱 Netherlands = $555 billion
20. 🇩🇰 Denmark = $492 billion
21. 🇷🇺 Russia = $489 billion
22. 🇹🇷 Türkiye = $444 billion
23. 🇬🇷 Greece = $442 billion
24. 🇲🇽 Mexico = $437 billion
25. 🇵🇹 Portugal = $408 billion
26. 🇰🇷 South Korea = $407 billion
27. 🇵🇱 Poland = $364 billion
28. 🇦🇷 Argentina = $273 billion
29. 🇲🇾 Malaysia = $229 billion
30. 🇮🇪 Ireland = $228 billion
31. 🇺🇦 Ukraine = $225 billion
32. 🇦🇪 United Arab Emirates = $220 billion
33. 🇸🇦 Saudi Arabia = $201 billion
34. 🇲🇷 Mauritius = $200 billion
35. 🇹🇼 Taiwan = $199 billion
36. 🇦🇺 New Zealand = $192 billion
37. 🇨🇱 Chile = $187 billion
38. 🇵🇷 Puerto Rico (United States) = $167 billion
39. 🇰🇿 Kazakhstan = $167 billion
40. 🇶🇦 Qatar = $159 billion
41. 🇪🇬 Egypt = $158 billion
42. 🇹🇭 Thailand = $149 billion
43. 🇭🇺 Hungary = $148 billion
44. 🇿🇦 South Africa = $143 billion
45. 🇨🇿 Czech Republic = $138 billion
46. 🇵🇰 Pakistan = $122 billion

60. 🇲🇦 Morocco = $63.7 billion
84. 🇰🇪 Kenya = $22.2 billion
87. 🇬🇭 Ghana = $22.1 billion

101. 🇳🇬 Nigeria = $15 billion

164. 🇹🇬 Togo = $1.17 billion
167. 🇱🇷 Liberia = $1.1 billion

What concerns me is Nigeria, I do not care how much debt other countries have acquired, besides, especially in the western world which have always used as our bench mark, they utilize their borrowed monies to make their societies much better than ever, but in our case, our politheifians uses borrowed funds for campaigns and white elephant projects which neither improve the well-being of the populace or have any tangible positive impact on our society. Besides, the outgoing administration, having increased our debt profile more than 3 times the way they met it have nothing to show as an evidence of it being used properly.

Lies. Nigeria's debt is 101 billion dollars.

Compare to Gross National Product of each country.

A failed republic of Nigeria must get the hell out Biafrans express.

okeysoninv:
Lies NIGERIA external debt is more than $40b

More like $200b under apc.

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.

Most of them dont know these country has big debt like this...

Most of these countries used the money to fund infrastructure and some big projects, but that is not the case in Nigeria. Our leaders are the reason we are in debts. They pocketed the money meant for the general public.

The figure for Nigeria was underestimated. Our debt is more than $40 billion dollars.

https://www.dmo.gov.ng/news-and-events/dmo-in-the-news/press-release-nigeria-s-total-public-debt-stock-as-at-june-30-2022

Believe Wikipedia at your peril USA is known to potray a Mr soberman makes everyone think the country is under too much debt and make people have sympathy for their government please tell who dey are indebted to who are they going to pay yes it is still their government. The whole system is a lie. The whole government and rule of law was designed by a crook and con artist. Nigeria is messed up. Forget about wiki nonsense stat. Where did they get their lie from probably worldometer. Bullshiit the earlier you know this the better.

linearity:


Well put, also the US borrows from itself e.g. from Social Security and Federal Reserve.

Like you said, those IOU sold to China & Japan are scam and paper money, if China makes mouth tomorrow that they want their money back, they can sell the note in the market or the US can go to Federal Reserve and ask them to mint one coin and put a face value of $300 billion on it and send it China and ask them to return change, it is all a very big scam.

But in Africa it is not a scam, we borrow money using foreign currencies and exchange real values, since these loans are in foreign currencies we can’t tell CBN to mint a 1 trillion Naira coin and use it to settle China just like US.

u ma get sense small abeg help me loud am for the children here. The whole system is MMM robbing peter to pay Paul. Shebi Una get sense keep borrowing and pay back x20 what you borrow. Oyinbo will borrow you 100k till he collects 10billion from you you will not know why becos you don't read terms and condition

Please stop this. We are talking of basic economics which you always apply daily.

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.

linearity:


Well put, also the US borrows from itself e.g. from Social Security and Federal Reserve.

Like you said, those IOU sold to China & Japan are scam and paper money, if China makes mouth tomorrow that they want their money back, they can sell the note in the market or the US can go to Federal Reserve and ask them to mint one coin and put a face value of $300 billion on it and send it China and ask them to return change, it is all a very big scam.

But in Africa it is not a scam, we borrow money using foreign currencies and exchange real values, since these loans are in foreign currencies we can’t tell CBN to mint a 1 trillion Naira coin and use it to settle China just like US.

Thank you very much my brother.

You understand what's going on!! Sadly, most people don't.

The US can pay China or any other country they so called owe with a single coin as you put it, as long as they write $31 Trillion on it as the value.

But our debts in Africa are real debts that we owe!! We don't have what it takes to have others buy our paper documents as money, instead we pay with real wealth in natural resources and labor.

This is the side African governments don't understand, so they keep borrowing, not realizing they've been orchestrated to borrow into real debt, whereas a country like the US isn't in real debt. I am even surprised you understand it. You certainly know something that others don't.

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.

You may want to sound intelligent but you and I know that no advance country speak into existence, if you don't plan and work nothing will happen.
And secondary if you don't complain don't you think the leaders will think they are doing the right thing??

Let's be precise...as at 30th June 2017 not 2023..[b][/b]

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.

Keep quiet!

Simple economics will inform you that if you want to expand your business, you need to seek for loans or partners.

Countries that are highly indebted and very industrialized while providing essential welfare schemes are EXTREMELY doing well.

The reverse is the case for countries that borrow but spend it on recurrent expenses instead of capital expenditures. Nigeria is a case study in this regard.

Nigeria my country

Reinaldo:
US owns the US dollar, and owes in US dollars. If you know, you know.

They USA prints its money out of thin air and comes to Africa to exchange it for raw materials.

They have large oil reserves in Alaska and other natural resources but they kept theirs only to come for ours.
Currency were supposed to be backed by Gold but the USA isn't following the rules

musicwriter:


Thank you very much my brother.

You understand what's going on!! Sadly, most people don't.

The US can pay China or any other country they so called owe with a single coin as you put it, as long as they write $31 Trillion on it as the value.

But our debits in Africa are real debts that we owe!! We don't have what it takes to have others buy our paper documents as money, instead we pay with real wealth in national resources and labor.

This is the side African governments don't understand, so they keep borrowing, not realizing they've been orchestrated to borrow into real debt. I am even surprised you understand it. You certainly know something that others don't.

You're so unintelligent. Lots of pseudo intelligent people everywhere using English to confuse innocent people. So, all the other countries you see on that list, their debt is fake, but nigeria debt is real one Try and echo what you're typing to yourself and see how it sounds

Gandy04:


You're so unintelligent. Lots of pseudo intelligent people everywhere using English to confuse innocent people. So, all the other countries you see on that list, their debt is fake, but nigeria debt is real one Try and echo what you're typing to yourself and see how it sounds

Please don't quote me again with your insults if you don't understand what's being said. That wasn't meant for you because you'll NEVER be able to understand it till tomorrow.

Omo USA dey para 🤣🤣🤣