Sometimes, we see bubbles.
Sometimes, there is something to do about it.
Sometimes, the only winning move is not to play. pic.twitter.com/xNBSvjGgvs— Cassandra Unchained (@michaeljburry) October 31, 2025
The chart below paints a disturbing picture for the world, and particularly for the American empire. The 2010 Reinhart and Rogoff study on debt-to-GDP found that when a country’s public debt exceeds 90% of its GDP, its economic growth rates tend to slow down significantly, and an economic crisis is far more likely to occur. With $111 trillion of global debt and a debt to GDP ratio of 94.7%, and rising rapidly, a global economic crisis is on our doorstep.
As expected, captured government bureaucrats, corrupt lying politicians, bought off dying legacy media outlets, the Wall Street cabal, and their puppets at the Federal Reserve, all pretend this level of debt is fine and they have everything under control. Just like they had everything under control in the Fall of 2008. As we know, that Federal Reserve created debt debacle created the worst financial disaster since the Great Depression.
To give you some perspective on where the world stood shortly after that financial crisis, global debt was $41 trillion, 69% of global GDP in 2010. So, our overlords solution to a debt crisis has been to add $70 trillion MORE DEBT in the last 15 years, a 170% increase, while global GDP only grew by 98%. Interest on the national debt now stands at $1.24 trillion annually, up from $482 billion in 2021.
They know this isn’t sustainable. I know this is unsustainable. You know this is unsustainable. They know that you and I know this is unsustainable. And they don’t care. They will keep dancing until the music stops. They are going to extract every cent from the Treasury and your bank account before Thelma and Louising this empire of debt.
I found an interesting data point in that chart of death (oops – debt). It seems the evil empire of Russia, who the entire western world is waging war against, has only .53% of the global debt, representing just 23.1% of their GDP. So, when the curtain comes down on this debt shitshow, Russia would be relatively unscathed, still sitting on 80 billion barrels of oil. This is why NATO is trying to provoke WW3. Fourth Turnings are so much fun.
It is no coincidence the three countries being threatened with military action by the American empire and their EU parasite states, are Venezuela (#1) with 300 billion barrels of oil reserves, Iran (#3) with 200 billion barrels of oil reserves, and Russia (#8). Global war is their solution to “fixing” their debt problem. I’m sure it will work out this time.
Me then, me now. Oh well.
It worked out. It will work out pic.twitter.com/vaordNav8d— Cassandra Unchained (@michaeljburry) November 12, 2025
Key Takeaways
- Gross public debt stands at $111 trillion globally in 2025, rising by $8.3 trillion since 2024.
- Together, the U.S. and China hold 51.8% of the world’s government debt.
While global public debt is lower than pandemic highs in real terms, it remains stubbornly elevated at $111 trillion.
This graphic shows world debt by country in 2025, based on data from the IMF’s latest World Economic Outlook.
A Closer Look at World Debt by Country
Below, we break down government debt around the world in 2025:
|
Country
|
Share of Global Debt
2025 |
Value of Debt
(Billions USD) |
General Government Gross Debt
(Percent of GDP) |
|---|---|---|---|
| 🇺🇸 U.S. | 34.5% | $38,269.7 | 125.0% |
| 🇨🇳 China | 16.8% | $18,680.8 | 96.3% |
| 🇯🇵 Japan | 8.9% | $9,826.5 | 229.6% |
| 🇬🇧 UK | 3.7% | $4,093.4 | 103.4% |
| 🇫🇷 France | 3.5% | $3,916.2 | 116.5% |
| 🇮🇹 Italy | 3.1% | $3,479.8 | 136.8% |
| 🇮🇳 India | 3.0% | $3,357.9 | 81.4% |
| 🇩🇪 Germany | 2.9% | $3,228.7 | 64.4% |
| 🇨🇦 Canada | 2.3% | $2,601.0 | 113.9% |
| 🇧🇷 Brazil | 1.9% | $2,062.8 | 91.4% |
America’s debt burden exceeds $38 trillion in 2025, standing at 125% of GDP.
Over the past five years, net interest payments on the national debt have nearly tripled. They are projected to double again by 2035 to reach $1.8 trillion per year.
With $18.7 trillion in debt, China ranks in second. In 2025, debt expanded by almost $2.2 trillion, driven by government stimulus and weaker land revenues given a struggling property market sector.
As we can see, Japan follows next with a $9.8 trillion debt pile, equal to 230% of GDP. Even though debt remains sky-high, the country’s new prime minister, Sanae Takaichi, is proposing $92.2 billion in stimulus spending and subsidies.
The UK and France round out the top largest debt burdens, both hovering near $4 trillion. France, in particular, has experienced significant political instability amid contentious budget cut proposals, cycling through five prime ministers over the past two years.
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https://www.theburningplatform.com/2025/11/14/a-world-of-debt/