Western Europe

Japan is in debt to itself mostly, I think. It's the National Bank or something. And the US are fine as long as the Dollar is the globally leading currency, they can just print money and the rest sorts itself out. If they were to lose that position, they'd be fucked.

If you aren't in debt, it means you're not powerful or chad.

If you bark against the US you are going to get sanctioned and cut off from Apple and Google services and nobody is going to wage a war on them for that reason either
Yeah it would be fun to watch what happens if China overtakes the US in GDP

What do you thinks going ti happen to europe

they have better credit ratings and thus can secure more loans at better interest rates

Only cucks pay debts

>Yeah it would be fun to watch what happens if China overtakes the US in GDP
A matter of years. It's bound to happen sooner or later. But that alone wouldn't be enough to make the Dollar lose its position. However, it might be a step on the road to that.

Probably nothing considering the fact they can trade inside the EU. Even if China suppresses you in imports, dollar is still going to be relevant and the main world currency until something happens
True

Currency Crisis

I think this is probably the most likely scenario to occur. Unfortunately, it also happens to be the scariest.

A currency crisis is when there’s a massive problem with the American dollar (and concurrently with the Canadian dollar and/or the Euro) in which the value of the dollar either skyrockets, which would be a deflationary crash, or the value collapses, which would be a hyperinflationary collapse.

One example of hyperinflation currency collapse is when China, Russia, India, and other countries stop using the U.S. dollar (which isn’t something they can do anytime soon). When they stop using the dollar, trillions of dollars start flooding back into the U.S., the value of the dollar collapses, and prices skyrocket. A loaf of bread at the store is now $300, and all the money you have in your 401k is worthless (unless you own gold or silver). Your real estate and other assets are also worthless — it’s a really bad situation.

Deflation is the opposite of inflation, and it happens when the value of your currency skyrockets instead of going to zero. In that scenario, there is some kind of huge crisis somewhere in the world (a war in Europe, a limited nuclear exchange between India and Pakistan, etc.), and the entire world floods to the U.S. dollar. The stock market bubble finally bursts, all the elite monetary organizations across the world run out of ways to fudge numbers, and the stock market crashes. The Dow might go from 25,000 to 5,000 (or even less). Stocks and commodities collapse; banks call in every loan they have and no one can pay them. These things would produce a crisis like the Savings & Loan collapse of the 1980s, but a hundred times worse. Everyone loses their homes and all the real estate they own. What remains of the manufacturing sector collapses and is gone for good. You get the idea — very bad.

Again, I think this is the most likely of the five, but it’s hard to predict.

>debt doesn´t matter

yeah, feels good paying 8 billion in interest rates every year

it's all about ability of payment
we're on the edge of a default with a ratio of "only" 80% because our governments are a meme at managing their finances so there's no money in the treasure to pay them denbts, and anyone that hints at balancing the budget and cutting superfluous spendingget their skull dented

They can stop paying tomorrow and say "fuck it". No country would attack them or do anything to force them to pay

Europe will still collapse first due to worse problems with their banks, currencies, immigration, lack of work ethic (in some countries) as compared to the USA, economic interdependence, bankrupt welfare systems (where they can’t print their way out if it like the USA can), and various other factors.

And yes, I realize it’s really hard, even unfair, to generalize by saying “Europe” since there are so many different countries and circumstances. Regardless of any exceptions to the rule of individual nations that anyone thinks won’t collapse, the bottom line is that I can’t see any nation in Europe doing really great over the next 10-30 years.

im refering to my own

worldometers.info/us-debt-clock/#:~:text=What is the current U.S.,trillions as of February 2020.

god Im glad thats not me

Debt doesn't matter as long as you're one of the global leaders or its friendly puppet.

Your personal share of that USA National debt is about $100,000. Let's say you consider your family to be your wife and three school age children, then your family's share of the USA National debt is about half a million US dollars.

we like having money, we dont like working for it like droids like the rest of a german cucks, scandi femboys and russian gopniks.
also debt is a meme.

because you are a neet doesn´t the rest of the country is, in fact we are a poor country and one of the ones who wage slaves the most in western europe

>working for it like droids like the rest of a german cucks
Bit of a Meme. In fact, we work fewer hours than most. It's just that we actually work in that time, unlike in other countries where 5 of 8 hours are spent doing something else. I prefer what we do.