Total
Global Debt in 2019 rose to $246.5 trillion.
Government Debt rose to $66 trillion with Debt to GDP at 80%.
Interest
rates have been low for decades. This has forced investors to buy stocks,
giving cash to public corporations. Low interest rates have also encouraged
excessive government spending and the abandonment of free market controls on
prices rendering the costs of US healthcare and education are unsustainable.
Borrowers
with low incomes and poor credit histories still pay high interest rates on loans.
Banks no longer pay interest on deposits and are required to keep $billions in
reserves. Governments and Banks have agreed to keep interest rates low.
The
velocity of money in the US has dropped from 2.198 in 1997 to 1.458 in 2019.https://fred.stlouisfed.org/series/M2V.
In 1997
the US still had a middle class and by 2016 the middle class was dead. Now we
are attempting to revive the middle class, but we have a long way to go.
Personal and household debt is high and consumers are attempting to lower their
debt. Increasing the velocity of money
requires increasing disposable income.
Government
Debt to GDP by Country
|
Name
|
National Debt to GDP
|
Population
|
|
234.18%
|
126,854,745
|
|
|
181.78%
|
11,124,603
|
|
|
176.02%
|
||
|
172.08%
|
32,779,868
|
|
|
160.57%
|
6,065,922
|
|
|
127.51%
|
59,216,525
|
|
|
127.34%
|
5,309,659
|
|
|
127.31%
|
287,010
|
|
|
126.66%
|
560,349
|
|
|
117.54%
|
10,254,666
|
|
|
116.60%
|
31,408,823
|
|
|
109.45%
|
329,093,110
|
|
|
108.79%
|
5,868,104
|
|
|
105.17%
|
2,228,075
|
|
|
105.01%
|
5,542,197
|
|
|
102.01%
|
1,637,896
|
|
|
99.08%
|
11,562,784
|
|
|
96.20%
|
65,480,710
|
|
|
96.05%
|
826,229
|
|
|
95.83%
|
29,579,986
|
|
|
95.53%
|
390,231
|
|
|
95.12%
|
46,441,049
|
|
|
93.99%
|
2,906,339
|
|
|
90.83%
|
10,069,794
|
|
|
90.24%
|
212,392,717
|
|
|
90.23%
|
104,084
|
|
|
89.52%
|
1,198,427
|
|
|
87.25%
|
74,679
|
|
|
87.08%
|
101,168,745
|
|
|
85.92%
|
66,959,016
|
|
|
83.81%
|
37,279,811
|
|
|
81.23%
|
110,488
|
|
|
76.86%
|
43,795,220
|
|
|
75.19%
|
21,018,859
|
|
|
74.91%
|
180,454
|
|
|
73.31%
|
11,783,168
|
|
|
73.17%
|
4,661,149
|
|
|
72.82%
|
451,738
|
|
|
72.64%
|
17,297,495
|
|
|
72.58%
|
4,140,148
|
|
|
72.16%
|
213,379
|
|
|
71.97%
|
8,766,201
|
|
|
71.59%
|
31,787,566
|
|
|
70.57%
|
8,186,384
|
|
|
69.80%
|
2,081,900
|
|
|
69.45%
|
11,575,964
|
|
|
68.50%
|
2,938,428
|
|
|
68.04%
|
18,137,369
|
|
|
67.73%
|
573,085
|
|
|
67.44%
|
204,596,442
|
|
|
67.29%
|
1,368,737,513
|
|
|
66.71%
|
7,064,242
|
|
|
66.50%
|
629,355
|
|
|
66.02%
|
3,654,978
|
|
|
65.90%
|
30,096,970
|
|
|
65.87%
|
9,655,361
|
|
|
65.17%
|
3,482,156
|
|
|
64.86%
|
4,847,139
|
|
|
63.99%
|
7,883,123
|
|
|
62.44%
|
36,635,156
|
|
|
61.69%
|
11,260
|
|
|
61.38%
|
8,583,916
|
|
|
59.56%
|
5,561,389
|
|
|
59.34%
|
2,109,099
|
|
|
59.11%
|
1,271,368
|
|
|
58.83%
|
6,445,405
|
|
|
58.75%
|
16,743,859
|
|
|
58.52%
|
2,641,996
|
|
|
58.13%
|
97,429,061
|
|
|
57.59%
|
19,718,743
|
|
|
57.55%
|
56,345
|
|
|
56.95%
|
403,095
|
|
|
56.95%
|
52,214,791
|
|
|
56.72%
|
108,825
|
|
|
56.70%
|
110,135,635
|
|
|
56.37%
|
10,014,575
|
|
|
56.12%
|
786,508
|
|
|
55.92%
|
4,999,384
|
|
|
55.75%
|
82,438,639
|
|
|
55.70%
|
58,065,097
|
|
|
55.58%
|
2,936,706
|
|
|
55.09%
|
8,733,407
|
|
|
55.08%
|
6,218,616
|
|
|
54.61%
|
33,683
|
|
|
54.44%
|
1,420,062,022
|
|
|
54.44%
|
40,412,299
|
|
|
53.68%
|
95,702
|
|
|
53.43%
|
132,328,035
|
|
|
52.75%
|
45,101,781
|
|
|
52.64%
|
11,801,595
|
|
|
52.62%
|
32,454,455
|
|
|
52.31%
|
11,379,861
|
|
|
51.96%
|
2,743,901
|
|
|
51.70%
|
288,017
|
|
|
50.91%
|
17,132,908
|
|
|
50.05%
|
17,100,444
|
|
|
49.93%
|
9,433,874
|
|
|
49.88%
|
9,292,000
|
|
|
49.80%
|
38,028,278
|
|
|
49.21%
|
82,820,766
|
|
|
48.58%
|
13,263,184
|
|
|
48.41%
|
1,360,104
|
|
|
48.34%
|
5,001,875
|
|
|
48.17%
|
49,849,818
|
|
|
47.53%
|
23,176,691
|
|
|
46.87%
|
25,531,083
|
|
|
46.86%
|
918,757
|
|
|
46.56%
|
5,450,987
|
|
|
46.25%
|
198,909
|
|
|
45.94%
|
433,245
|
|
|
45.39%
|
15,814,345
|
|
|
44.69%
|
13,398,180
|
|
|
44.67%
|
1,375,443
|
|
|
44.51%
|
45,711,874
|
|
|
44.37%
|
4,825,711
|
|
|
44.09%
|
3,904,204
|
|
|
44.08%
|
9,568,688
|
|
|
43.12%
|
12,794,412
|
|
|
42.22%
|
2,086,720
|
|
|
41.99%
|
4,029,750
|
|
|
41.74%
|
2,292,682
|
|
|
41.58%
|
69,306,160
|
|
|
41.34%
|
20,321,560
|
|
|
41.10%
|
8,608,259
|
|
|
41.05%
|
25,088,636
|
|
|
40.97%
|
1,415,414
|
|
|
40.72%
|
60,913,557
|
|
|
39.12%
|
4,977,720
|
|
|
38.96%
|
19,483,360
|
|
|
38.42%
|
42,679,018
|
|
|
38.38%
|
3,501,774
|
|
|
38.27%
|
51,339,238
|
|
|
38.02%
|
26,969,642
|
|
|
37.87%
|
10,996,774
|
|
|
37.59%
|
1,953,723
|
|
|
36.97%
|
4,226,197
|
|
|
36.66%
|
5,400,916
|
|
|
36.58%
|
19,689,140
|
|
|
36.28%
|
108,106,310
|
|
|
36.19%
|
16,482,646
|
|
|
35.06%
|
5,775,224
|
|
|
34.88%
|
340,566
|
|
|
34.87%
|
54,336,138
|
|
|
34.58%
|
6,351,157
|
|
|
34.45%
|
10,053,135
|
|
|
34.27%
|
11,242,856
|
|
|
34.06%
|
25,312,993
|
|
|
33.62%
|
5,942,561
|
|
|
33.36%
|
168,065,920
|
|
|
32.88%
|
120,428
|
|
|
32.42%
|
4,248,974
|
|
|
31.92%
|
1,911,108
|
|
|
31.83%
|
23,758,247
|
|
|
31.49%
|
11,393
|
|
|
31.41%
|
2,864,459
|
|
|
31.29%
|
10,630,589
|
|
|
30.67%
|
8,586,525
|
|
|
30.25%
|
269,536,482
|
|
|
29.33%
|
985,690
|
|
|
28.83%
|
29,942,018
|
|
|
28.48%
|
850,910
|
|
|
28.01%
|
32,933,835
|
|
|
27.86%
|
82,961,805
|
|
|
27.37%
|
200,962,417
|
|
|
26.06%
|
6,981,981
|
|
|
24.64%
|
17,577,842
|
|
|
24.62%
|
18,336,653
|
|
|
23.83%
|
34,140,662
|
|
|
23.25%
|
53,211
|
|
|
23.14%
|
18,592,970
|
|
|
22.86%
|
6,988,739
|
|
|
22.80%
|
596,992
|
|
|
22.69%
|
4,792,409
|
|
|
20.65%
|
32,807,368
|
|
|
20.55%
|
106,983
|
|
|
19.48%
|
143,895,551
|
|
|
19.35%
|
9,682,088
|
|
|
16.41%
|
635,254
|
|
|
13.31%
|
86,727,573
|
|
|
12.84%
|
2,374,636
|
|
|
8.12%
|
1,303,798
|
|
|
6.32%
|
37,209,007
|
|
|
2.46%
|
439,336
|
Norb Leahy, Dunwoody GA Tea Party Leader
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