A country can refuse to repay its debt

HERE’S THE INTERESTING PART

Unlike an average citizen, a sovereign nation cannot easily be repossessed. When a government runs completely out of capital, they just announce they are not paying their bondholders, plunging foreign investors into sheer chaos.

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A country can refuse to repay its debt — STACKY / Economy

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Economy

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible…

Discover more

Economy

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross…

Discover more

Economy

Governments constantly spend revenues they do not possess

Living wildly beyond your means is supposedly a terrible idea for citizens but standard operating procedure for the state. By constantly issuing new treasury…

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Economy

Issuing government bonds is borrowing from grandchildren

Nothing screams fiscal responsibility like forcing future generations to foot your current grocery bill. Treasuries issue formal IOUs to fund immediate…

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Economy

Thomas Jefferson died deep in debt

He may have written the Declaration of Independence, but he couldn't balance a checkbook. He lived so far beyond his means, importing expensive French wines…

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Economy

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the…

Discover more

A country can refuse to repay its debt

A bigger world.One discoveryat a time.

Keep exploring

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Governments constantly spend revenues they do not possess

Issuing government bonds is borrowing from grandchildren

Thomas Jefferson died deep in debt

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

A bigger world.
One discovery
at a time.