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I decided to return to the series of videos explaining the financial crisis after more than a year, with a video that seemed easy to swallow but was actually quite difficult. When making this video, I also learned a lot of new things to see what governments of countries around the world have done, are doing, and will do to manage and balance public debt. I think these questions are not of interest to many people, but we should equip ourselves with this knowledge to better understand the government's national debt management activities, which is also a good premise for the related financial crisis videos I will make later. Hope you will like this video :) 00:00 intro 00:49 why does the government need to borrow? 04:45 who lends money to the government? 05:38 why do countries overspend, leading to the risk of bankruptcy? 07:09 what happens when a government defaults? 11:50 what if the government only defaults on domestic debts? 15:17 stakeholders when a government defaults 18:56 binding conditions of debt restructuring loans (borrowing to pay off previous debts) Subscriber count: 543,999 If you find the content useful, please consider donating to contribute to the development of the channel. ???? MoMo: https://me.momo.vn/duythanhish ???? Bank: 222 6868 111 - NGUYEN DUY THANH - MB (NH Quân Đội) Facebook: / duythanhish Instagram: / duythanhish Podcast: More Perspectives