Replies to This Discussion

Permalink Reply by Peter jcp on August 15, 2012 at 6:35pm

That is worrying if it is more like $70 trillion total - counting everything. I don't know and have not checked out - but as ever come down in the last 25 or 50 yrs ?

My old Bank manger use to say to me - if you ever owe the Bank say $1 or 2 million - you have to worry.

But if you owe the bank say $50 -100 million - then - "the shoe is on the other foot" - and the Bank as to worry :-)))

Similar with the US - if the debt to others around the world - was say less than a few trillion - the US would need to worry.

However - with that size debt - Its the World what as to worry !!

Permalink Reply by Lisa on August 16, 2012 at 11:22am

http://www.usdebtclock.org/

Permalink Reply by Peter jcp on August 16, 2012 at 11:34am

Hi Lisa - even that clever piece of work looks rigged lol

I do like it though I wonder if other countries have similar ?

Permalink Reply by Keith Shaw on August 16, 2012 at 12:10pm

Peter click on the tab that says world debt clocks on the link Lisa posted.

Permalink Reply by Peter jcp on August 16, 2012 at 3:43pm

Thanks Keith - looks even more interesting now - especially the UK's external debt to GDP ratio - I reckon some thing must be wrong with their calculations ????

Permalink Reply by Keith Shaw on August 16, 2012 at 4:36pm

Try running some numbers Peter in your excel spread sheet, see what figures you come up with ;)