China's debt notably rose to 310% of GDP, despite the nation's drive to delever and clamp down on runaway borrowing. Government debt grew at its fastest annual pace since 2009.

source: https://www.axios.com/world-total-debt-load-91ab8c0a-db67-40cb-940e-a36ac58b629f.html

That was 2019.

So, in essence, the world has gone China. or worse, yet, some countries are closer to 400% and 500%.

Dutch economy used to be 850 billion. debt: around 350 billion. It will be 450 and the economy will have tanked with 100 -150 billion.

So, in essence, where the ratio in 2019 was 350/850 = 35/85 = 7/17; 43%, it will probably come down by early 2021 around 450/750 = 45/70 = 9/16; 54%

Meaning, to meet this 318% with a negative growth world economy, some countries are looking into the black abyss.

However, that does not even account for the debt of local governments, provincial governments, state govs, county govs, city govs.

Simply put: the idiots in charge have mortgaged the future to pay for all the niceties for which antifa destroys small businesses.

Add a pandemic, stimulus checks, unemployement checks, foodstamps, childcare support, housing assistance, deductibles, and frankly: bankruptcies that impact .gov tax income.