Comments by "Yerris" (@yerri5567) on "Why China Banned Skyscrapers" video.

@compassbrian The most indebted country in the world is the US at $80 Trillion USD.
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@compassbrian "the problem is, is that a lot of that is through financial instruments/companies." You talking about the lender or your talking about the borrower? The risk is always on the lender, and lenders are typically banks. Whether the lender is a state-owned company or a private company, there is no study that confirms that recessions hit state-backed lenders harder than private lenders. In fact, in my opinion as someone with a finance and economics degree, state-owned companies would be more resilient as the state has direct control over its financial policies to support itself, especially in an authoritarian government.
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@ryanhtran "Where tf are you getting that number from? Current debt for the US is 22 Trillion USD" Theres no need to be so rude if youre going to ask a question. The 22 trillion (now 26 trillion) you speak of is US NATIONAL debt. 80 trillion is TOTAL DEBT. That includes national AND private debt for the country. Private debt includes loans to businesses and individuals.
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@Kyle-pp7dv "If you are going to lie, at least lie something that is believable. China's debt is 5.48 trillion" Chinas TOTAL debt is indeed $40 trillion. The $5.48 trillion figure you pulled out is NATIONAL debt, not TOTAL debt.
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