So the other day, I came across an article that said putting solar panels in space would power all of the world’s electricity needs. The problem would be the expense and the fact that multiple countries would have to agree to it.
Let’s say that all the countries agree, that just leaves the whole money issue. And seeing as pretty much every country is in debt, well, that won’t be easily resolved.
Then I started thinking: world debt… what, who do we even owe money to? Aliens? But world debt is just a collection of all the country’s debt, not like debt we owe to the world lol.
Anyway, so then I was like, if we can’t afford it, why don’t we just make more money? I researched it a bit, and they said printing more money will cause inflation but why don’t they just… not do that? Lmao like humans make all the rules so just… change them? Money isn’t even valuable, it’s only worth something because we make it worth something.
Idk nothing in this world makes sense to me anymore so
Okay that’s enough of my rambling, let’s have a literal conversation about world debt.
Do you think there should be a “reset button” for countries in severe debt?
Does world debt even matter?
Do you think world debt will ever be cleared?
Do you think clearing world debt will improve the quality of life for humans?
I saw an article that says the world is about $53 trillion in debt, and it literally says “We don’t owe it to aliens or martians” and lmaoo I love that they needed to confirm that. Seriously though, with the amount of money that is owed… you have to wonder
World debt is the term for the total amount of debt accrued by all the countries of the world to each other.
For example if Greece takes a loan of 6 billion Euro from Germany the world debt is now 6 Billion Euro. If France gives Geramany a loan of 3 billion to help with the loan world debt is now 9 billions
But in a basic sense world economies are built around borrowing and loaning money.
Yes without this debt resources have no value and there is no financial trust between nations. Further more with no value on resources currency has no value.
Not with any known economic system. The importance of financial trust is too high
I understand how it works, and it’s still stupid. Like why do we even have different currencies anyway like they’re all pieces of paper and we can change their value if we wish to but like y’all are comfortable with the safety of this system that puts you ahead. Unfair
Currency is really just a logical step above direct bartering. It used to be that currency would be worth the weight of the metal the coin was made off. Be that gold, silver, copper or iron. But as society developed people didnt want to be lugging around massive amounts of coins and forging coins became common place. As such the promissory note was developed.
A note as we know it today has no value. It is the promise that it represents that has value.
Cmand the problem with a unified currency is getting ppl to agree with it and adhere to all the same financial regulations. All you have to do is look at the myriad of issues the Euro has had over the years
There should be support for countries in severe debt, although a “reset” often doesn’t address underlying issues that can affect why countries are in severe debt.
