The global debt clock

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Flip the 'Public debt per person' to 'Total public debt' and be astonished.

reply to post by atoptreetops

The global debt clock

The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock shows the global figure for all (or almost all) government debts in dollar terms. Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as the Greek government did in early 2010, and the country can be plunged into imminent crisis. So the higher the global government debt total, the greater the risk of fiscal crisis, and the bigger the economic impact such crises will have.

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a link and less than one line of text is a very sad attempt at a thread...i posted the article and link above for you... some commentary or explanation would have also been helpful.

I see that Libya has very little debt, but Gaddafi is such a brutal evil dictator he must be killed....

Originally posted by BarmyBilly
I see that Libya has very little debt, but Gaddafi is such a brutal evil dictator he must be killed....

I noticed that as well i guess the libyan rebels and the NTC cant wait to Join the IMF, and also it seems Russia and China are debt free whom would have thought of it?


Serbia has a few debt problems, although they arent in the danger zone yet, but to see Croatia nearing the deep red zone

Yet everyone fails to ask the question . . . WHO are these countries indebted to?

How could EVERYONE be in debt?

Quite simple really.

Everyone on this planet is a slave to the global elite.

Are you wise to their game yet?

Come on people.

WAKE UP.