Latest news with #WorldofStatistics
Gulf Insider
3 hours ago
- Business
- Gulf Insider
Coinbase CEO Fears Bitcoin Replaces Dollar If US Debt Grows As Elon Musk Calls For Firing Of 215 Republicans
Brian Armstrong, the CEO of Coinbase, issued a stark warning this week: if U.S. lawmakers don't get the national debt under control, Bitcoin could supplant the dollar as the world's reserve currency. 'If the electorate doesn't hold Congress accountable to reducing the deficit, and start paying down the debt, Bitcoin is going to take over as reserve currency,' Armstrong posted on X. 'I love Bitcoin, but a strong America is also super important for the world. We need to get our finances under control.' His comment was a direct response to a post from World of Statistics showing U.S. national debt figures over time. The numbers paint a dramatic picture: debt has soared from $5.7 trillion in 2000 to $36.9 trillion in 2025, a more than sixfold increase in just 25 years. The tweet sparked widespread debate, drawing reactions from prominent figures across crypto and mainstream culture. YouTube creator MrBeast asked bluntly, 'We're just going to casually build up over $100 trillion in debt in our lifetimes, and people will just continue to be chill with it and loan us money?' Crypto influencer Wendy O weighed in with skepticism: 'Bitcoin will never be a reserve currency because of its volatility. But it will be desired. A stablecoin… yes.' Meanwhile, HODL15Capital echoed Armstrong's concern from a different angle: 'Bitcoin has no top because fiat printing will never end.' Elon Musk retweeted the post and replied with an American flag emoji. Musk appears genuinely frustrated with the current administration after leaving his White House position. He attacked Republican Congressmen who voted in favor of the 'One Big Beautiful Bill,' calling it 'a disgusting abomination' in government spending. Musk also echoed Armstrong's sentiment in another post: 'Interest payments already consume 25% of all government revenue. If the massive deficit spending continues, there will only be money for interest payments and nothing else.' Musk's late-night tirade continued across multiple posts, claiming, 'Mammoth spending bills are bankrupting America!' He also called for firing all politicians who supported the bill in next year's midterms, declaring, 'In November next year, we fire all politicians who betrayed the American people.' The statement was made while quote-tweeting a post by Matt Van Swol highlighting GOP overspending, ignoring DOGE cuts, and spending too much time on vacation. All but five Republican congressmen voted 'YES' on the controversial bill, while all 214 Democrats voted 'NO.' The backdrop to this discourse is a troubling fiscal trajectory. According to Congressional Budget Office estimates, the interest on the federal debt alone will approach $1 trillion this year and could double by the mid-2030s. Rising entitlement costs, pandemic-era spending, and bipartisan reluctance to raise taxes or cut popular programs have all contributed to ballooning deficits. The dollar's position as the global reserve currency has long been underpinned by the scale and perceived stability of the U.S. economy and deep and liquid Treasury markets. Replacing that infrastructure with Bitcoin would require seismic shifts in monetary policy, financial regulation, and sovereign behavior. Still, institutional interest in Bitcoin continues to grow. With BTC trading above $100,000 in 2025 and spot ETFs now widely available, the narrative of Bitcoin as 'digital gold' has moved from the fringes into boardrooms. Yet, it remains a relatively volatile asset and lacks the macroeconomic levers, such as interest rates and fiscal control, that underpin fiat systems. Still, Bitcoin volatility is declining, reducing the strength of this criticism. Click here to read more…
India.com
2 days ago
- Business
- India.com
India Beats China! India takes Massive lead in THIS sector, Dragon slips to..., bankrupt Pakistan is in...
Masterstroke by Modi govt, India makes big move for this country, Pakistan, China in tension due to... New Delhi: India, under the leadership of Prime Minister Narendra Modi, is steadily moving forward in several key areas, including economic growth, despite the tariff tensions with the United States or the strained environment with Pakistan. Recently, India made a massive jump and surpassed Japan to become the fourth-largest economy in the world, proving its growing global presence. India has also made its mark globally in both the manufacturing and service sectors. A recent statistic reveals that India now leads the world in having the lowest manufacturing costs. Even China trails behind. The data, published by the World of Statistics and sourced from U.S. News & World Report, could be a worrying sign for China's close ally, Pakistan. In this list, after India, China, and Vietnam, Thailand ranks fourth, followed by the Philippines at fifth, Bangladesh at sixth, Indonesia at seventh, Cambodia at eighth, and Malaysia and Sri Lanka at ninth and tenth positions, respectively. Countries have the cheapest manufacturing costs: 1.🇮🇳 India 2.🇨🇳 China 3.🇻🇳 Vietnam 4.🇹🇭 Thailand 5.🇵🇭 Philippines 6.🇧🇩 Bangladesh 7.🇮🇩 Indonesia 8.🇰🇭 Cambodia 9.🇲🇾 Malaysia 10.🇱🇰 Sri Lanka ~ 12.🇬🇭 Ghana 13.🇰🇪 Kenya 14.🇲🇽 Mexico 16.🇿🇦 South Africa 20.🇨🇴 Colombia 22.🇸🇻 El… — World of Statistics (@stats_feed) May 29, 2025 India Beats China India's Manufacturing PMI stood at 58.2 in April 2025, while its Services PMI was recorded at 58.7, according to the Purchasing Managers' Index (PMI) data released by JP Morgan. These figures place India at the forefront among developed and emerging markets. It is important to note that the PMI is a pivotal index indicating the financial health of the manufacturing and service sectors—anything above 50 signifies expansion, while anything below reflects contraction. In this regard, not just China and the U.S., even France trails behind India. According to The World of Statistics, citing U.S. News & World Report, India has become the most cost-effective country in the world for manufacturing. China, once famously known as the 'factory of the world,' now ranks second, followed by Vietnam in third place. Where Is Manufacturing the Most Expensive? According to the latest list shared by World of Statistics on social media platform X (formerly Twitter), France tops the list when it comes to the highest manufacturing costs. Following France are the United Kingdom and Switzerland. Other countries with high manufacturing costs include Australia, Germany, Canada, and the United States (USA).
India.com
4 days ago
- Business
- India.com
India Overtakes China As Worlds Cheapest Manufacturing Hub; What This Means For Country's Future
New Delhi: India has long been the world's fastest-growing economy. The country is now reaching the top in several key areas. It has recently claimed the number one spot among the countries with the lowest manufacturing costs. The milestone is a cause for concern for China. India continues to shine on the global economic stage. Whether it is the tariff tensions with the United States or the ongoing standoff with Pakistan, India is moving ahead in several sectors. The country recently leapfrogged Japan to become the world's 4th largest economy. But there is more to celebrate. India has not only made its mark in manufacturing and services but has also now claimed the title of the cheapest manufacturing destination in the world. And guess who is trailing behind? China – the 'factory of the world'. India's recent rise is not just about growth in GDP. According to new data released by World of Statistics from the U.S. News & World Report, India is now the most cost-effective country for manufacturing. In the past, China dominated this space. Vietnam follows in third place, while Thailand, the Philippines and Bangladesh round out the top five. What Does This Mean for India? India's affordable manufacturing costs are a game-changer. With lower expenses, it is becoming the preferred destination for global giants looking to cut costs. More and more companies are likely to set up manufacturing units in India, adding to its rising Foreign Direct Investment (FDI). This shift could deal a serious blow to China, which has long been the hub for international production. India's rising cost advantage is now attracting companies that previously only thought of China as their go-to destination. Where Does China Stand? China may have lost its crown in this sector, but it still remains a major player globally. However, the new data signals a significant shift in the manufacturing landscape, with India taking over the mantle. For China, this change is concerning because of its long-standing position as the world's factory. Global Manufacturing Race India's top spot is no fluke. According to JP Morgan's Purchasing Managers' Index (PMI), India's manufacturing PMI for April 2025 stood at 58.2, while the services PMI was at 58.7. Both figures highlight India's strong growth and position it at the forefront of global markets. By comparison, China, the United States and even France fall behind in the manufacturing cost race. How This Will Benefit India's Economy India's competitive advantage in manufacturing costs is a significant boost for its economy. As more businesses look for cost-effective production options, India stands to gain substantially. The potential rise in FDI and the relocation of manufacturing units will only accelerate India's economic growth. And for China, this is a wake-up call. Its dominance in manufacturing is under serious threat as India begins to take its place as the world's factory of choice.
India.com
27-05-2025
- Business
- India.com
Not only Pakistan, these countries are also under debt of billions of dollars, country with highest debt is..., it has to repay loan of Rs....
Not only Pakistan, these countries are also under debt of billions of dollars, country with highest debt is..., it has to repay loan of Rs.... Countries and their national governments make purchases on credit or take out a loan to boost their finances. They often borrow money to further their country's growth or well-being. When this happens, the money borrowed becomes part of that country's national debt. Whenever it comes to countries which are under huge debt, the first names that come to mind are Pakistan and Sri Lanka. The World of Statistics released a report in 2024, which included the names of the most indebted countries. However, the list came as a real surprise. Let's find out. In the list which was prepared on the basis of data of 2023, the first name as debtors is US which has a debt of 33,229 billion dollars. The second name in this list which is famous for export and giving loans across the country is China. It has a debt of 14,692 billion dollars. Japan is at number three which has a debt of 10797 billion dollars. UK is at fourth place with 3469 billion dollars, while France is at the fifth place in this list. It has a debt of 3354 billion dollars. Italy is at the sixth place in this list. Italy has taken a loan of 3141 billion dollars. India's name is also included in the top countries. As of 2024, India is at seventh place and has a debt of 3057 billion dollars. This list shows that countries like US, China and Japan, which are called the most powerful countries of the world, are also not behind in taking loans. But the good news is India is way below in the list.
Daily Mail
28-04-2025
- General
- Daily Mail
Texas megachurch pastor Joel Osteen brutally roasted amid Pope Francis comparisons
A Texas megachurch pastor has been mercilessly mocked online after social media users compared his sprawling mansion to the humble room where Pope Francis chose to live during his 12-years as Pope. The online roasting began when the X account World of Statistics shared an image on Friday showing Pope Francis's modest accommodations. 'In the 12 years of his Papacy, Pope Francis lived in room 201 of Casa Santa Marta. This was his room,' the account posted, alongside a photo of the simple bedroom containing just basic furniture and few personal items. The post quickly went viral, with one user responding with a photo comparing the massive home of Joel Osteen, the pastor of Lakewood Church. 'Meanwhile this is the home of an evangelical mega church pastor (Joel Osteen)' the user responded, alongside an image of Osteen's enormous luxury mansion. The post has since been viewed more than 4,000 times, with commenters slamming the televangelist's seemingly lavish lifestyle while praising the late Pope's modesty. One user commented: 'One is a scammer, one is not.' Despite the viral post sharing an incorrect image of the Pope's quarters, he did live in a similar looking modest room. The humble bedroom where Pope Francis lived for 12 years has resurfaced in the wake of his death - with fans praising his very down-to-earth lifestyle. Pope Francis, who was laid to rest on Saturday after his death on Easter Monday, decided to remain in Casa Santa Marta, the guesthouse next to St Peter's Basilica, rather than move to the Apostolic Palace when he became pontiff. Rather than take over the traditional papal apartment, Francis lived in Room 201 - a suite of three rooms - from March 2013 to his death on April 21 this year. Discussing this decision in 2013, Pope Francis said: 'I chose to live here, in Room 201, because when I took possession of the papal apartment, inside myself I distinctly heard a "no".' Room 201 includes a small bedroom, an office and a reception room, all decorated with a few pieces of dark wood furniture - and a wooden crucifix hanging behind his desk. In the office there are four chairs - including a more comfortable armchair - a simple desk and a cabinet, above which hangs the colorful image of a saint. The minimal bedroom includes a small bed, two bedside cabinets, a large wardrobe, chest of drawers and another small chair. There are no decorations on the walls. His sitting room has a five-piece sofa set in a powder blue color, with a small TV on a desk to the side. Meanwhile, Osteen - who has a net worth of somewhere between $40 and $60 million - has lived in a $10.5 million home in the Houston suburb of River Oaks since 2010. His family paid $247,000 in property taxes on it in 2017. The two acre home features six bedrooms, three elevators, guest house and outdoor pool. Osteen took over the Lakewood Church running in 1999 when his father, the founder, passed away. The church has grown dramatically under Osteen and is regularly attended by 45,000 people weekly, making it the third-largest megachurch in the U.S., according to the Hartford Institute for Religion Research. Osteen is a leader of what is known as the prosperity gospel, a belief that God wants his followers to be wealthy and healthy. He is the author of several best-selling books, including, Your Best Life Now: 7 Steps to Living at Your Full Potential, which has sold eight million copies. The church became shrouded in controversy in 2021 when it emerged that it was the recipient of $4.4 million in PPP loans that were later returned. After Hurricane Harvey flooded Houston in 2017, Osteen opened his church to those seeking shelter after social media critics slammed the televangelist for not offering to house people in need. Then, in 2021, the church attracted further controversy when it emerged that it received $4.4 million in federal COVID relief loans. His televised services reach about 100 countries and renovating his church's arena cost nearly $100 million. It is the largest church in the US. Osteen is one of the many preachers in the US who preach idea that 'if you give your money to God, God will bless you with money.' Osteen has not taken a salary from his role as an executive with the church since 2005. In 2018, it was reported that the salary would be around $200,000. His personal wealth was reportedly created through his personal appearances and books. Following the success of his first book, Osteen received a $13 million advance for his follow-up. The Financial Times reported in 2019 that in 2017, Osteen's church raked in $89 million in donations while spending $1.2 million on charitable causes. During that period, the church was spending $115 million upgrading its facility which was formerly the home of the Houston Rockets NBA team. Those upgrades included two 30-foot waterfalls. Contrary to a popular rumor, Osteen does not drive a $325,000 Ferrari 458 Italia, the Houston Chronicle previously reported. Unlike others in his field, Osteen does not own a private jet.
