Apparently the world is 91 trillion in debt. Who exactly do we owe this money to?

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https://www.cnn.com/2024/07/02/economy/global-debt-crisis/index.html

In: Economics

8 Answers

Anonymous 0 Comments

We owe it to the future.

Worldbank says the global GDP (our labor value) is a little over $100T. 

So, if we owe about $100T and produce about $100T per year, we owe ourselves about a year’s worth of production. 

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