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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The richest strongest countries in the world are deemed the most trustworthy by financiers of paying that debt back (with interest). As a result, these countries are allowed to take on more debt than a country like Venezuela or Zimbabwe would be able to.
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