The USA and Chin have the highest debt in the world but i don’t understand the concept of them being some of the wealthiest countries, does that debt need paying off? How do they get this debt? Ultimately it just doesn’t make sense to me.
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If you borrowed more money than anyone else, you’d have more money than anyone else. You might owe it, but first you have the benefit of having that much availablento you. Having to pay into the debt doesn’t matter as much when it results in you having tremendous resources to use to invest towards recouping it in the future. It is more commitments that come with acquiring that debt
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