Global Financial Crisis: A World in Debt http://demonoc racy.info/infograph ics/usa/world_ debt/world_de bt.html[2/14 /2012 6:03:09 PM] World governments have borrowed massive amounts of m oney to l ive beyond their means. Here are the world's largest economies, and how much they borrowed. Global Finan cial Crisis: A World In Debt Tweet 163 50 One Hundred Dollars $100 - Most counterfeited money denomination in the world. Keeps the world moving. Ten Thousand Dollars $10,000 - Enough for a great vacation or to buy a used car. Approximately one year of w ork for the average human on earth. Confirm 1k1kUnlike You like this. Like Send We b Pages U. S. Nati onal Debt Cl oc k : Real Ti me Unit ed St a te s publ ic debt - Wi ki pedi a, the free encyclopedia U.S. National Debt Clock US debt visualized: Stacked in 100 dollar bills @ 15 Trillion Dollars ... Options
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Wor ld governments have bor rowed mass ive amounts o f m oney to li vebeyond the i r means . Here a re the wor ld 's la rges t economies , and howmuch they bor rowed.
Global Financial Crisis: A World In DebtTweet
163 50
One Hundred Dollars$100 - Mos t coun te r fe i ted money denomina t ion in thewor ld .Keeps the wor ld mov ing .
Ten Thousand Dollars$10 ,000 - Enough fo r a g rea t vaca t ion o r to buy aused car .Approx imate ly one year o f w ork fo r the averagehuman on ear th .
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U.S. National Debt Clock : Real Time United States public debt - Wikipedia,
the free encyclopedia
U.S. National Debt Clock US debt visualized: Stacked in 100
One Million Dollars$1 ,000 ,000 - No t as b ig o f a p i le as you t hough t , huh?St i l l th is i s 92 years o f work fo r the average human onear th .
$2 Billion - Truck Load of CashTh is is wha t $2 Bi l l ion US do l la rs looks l i ke .You can a lso see a €100 Euro Bi l l ion pa l le t on the r igh t
Example / Descr ip t ion :
2012Interest
2012Repayment
StandingDebt
TotalDebt
$2B $0.1B $0.1B $2.2BInterest on
government
debt in 2012
Government
loans
(bond / bill )repayments in
2012
Government
loans that must
be repaid infuture
Total Debt
including red,
yellow & truck(interest).
RussiaVo b l ja , the mother land is do ing g rea t . . .Russ ia compared to i t s la rge economy ho lds bare ly anygovernment deb t - on ly 2 .5% o f economy (GDP) .
Russ ia 's Government bene f i t s f rom la rge ex por t su rp lus topay fo r government 's ex penses . The expor t su rp lus comesmain ly f rom expor t ing na tu ra l resources , inc lud ing na tu ra lgas and o i l .
CanadaCanada has a $1577 b i l l ion USD economy, w h i le ca r ry ing are la t ive ly ins ign i f i can t t rade de f ic i t o f 9 b i l l ion do l la rs .
In 2012 Canada mus t re -pay and /o r re - f inance a s ign i f i can tpor t ion o f i t s deb t . I t m us t re f inance 42% o f i t s deb t , bu ts ince the coun t ry ca r r ies as AAA c red i t ra t ing as o f Jan ,2012 i t faces l i t t le cha l lenge to re - f inance i t s deb t .
ChinaThe deb t p i le seems ra ther scary fo r Ch ina but the s ize o f i t seconomy and popu la t ion is no t to beunderes t imated . The deb t on ly accoun ts fo r ~17 .5% o f the economy.
Ch ina has the wor ld 's second la rges t economy,i t i s s t i l l exper ienc ing economic g row th and has theb igges t fo re ign exchange reserves in the wor ld @3200 b i l l ion USD . The b igger the fo re ign exchangereserves , the more pow er the coun t ry has to in f luencethe va lue o f i t s own cur rency .
"The g rea te r a coun t ry 's f o re ign reserves , the be t te r pos i t ion i ti s in to de fend i t se l f f rom specu la t ive a t tacks o n t h edomest ic cu r rency" . Read more on Fore ign Exchange Reserves@Wiki
BrazilBraz i l has in recen t years become an Economicpower -house and is now inc luded in the G7 (Group o f 7 )na t ions meet ings . The economy is ra t ed @2517 Bi l l ion USD.
Wi th a 4 .7% unemployment in 2011 and an ex por t su rp lus i ti t i s do ing ra ther we l l .
IndiaInd ia is ra ther poor i f you look a t ind iv idua l incomebut because o f i t s la rge popu la t ion i t i s a s ign i f i can tEconomic power -house in the wor ld .
I t has racked up a deb t o f 71% o f economy in 2011 , wh ich ismore thanthe 60% deb t to economy ra t io se t by EU fo r economics tab i l i t y s tandard .
United KingdomUK has a la rge economy o f $2480 b i l l ion USD, bu t now ho ldsdebtin the s ize o f 75% o f economy, wh ich is m ore thant h e 6 0 % ma x d e b t t o e c o n o my r a t i o s e t b y EU f o r economic s tab i l i t y s tandard .
As o f Jan 2012 , UK ho lds a AAA c red i t ra t ing bu t has as tagger ing Gross Ex te rna l Deb t o f 8981 b i l l ion USD (no tshown) .The p r iva te sec to r o f UK (peop le , bus iness ', e tc ) a re h igh lyindeb ted , on ly su rpassed by USA. High deb t s low s economicgrowth and i t i s re f lec ted in the s low 0 .9% growth o f economyin 2011 , wh ich is much lower than the 4 .2% in f la t ion -
PIIGSfo r the i r bad economic behav io r , but a re inc reas ing lyf ind ing themse lves in the same economic s i tua t ion .
The i r c red i t ra t ing was dow ngraded f rom AAA to AA+recen t lyand ho ld a 83 .5% (2011) deb t to economy ra t io , above the60% se tby EU fo r economic s tab i l i t y s t andard .
F rench banks are a lso among the f inanc ia l l y weak bankstha t pose a danger to the F rench economy.
ItalyI ta ly ' s economy is cons idered w eak and t oo indeb ted fo r sa fe f inanc ia l opera t ion .
I t has a deb t ra t io o f 118 .1% (2010) to economy, fa r abovethe 60% l imi t se t by EU fo r s tab i l i t y . I ta ly faces a GIANT re -payment / re - f inance o f $428 b i l l ion USD o f i t s deb t in 2012 , wi th s t rong fea r tha t i twi l l have p rob lems f ind ing lenders / inves to rs tha t wan t tolend the weak coun t ry money .
Cred i t ra t ing agenc ies say the ou t look fo r I ta ly i s nega t ive ,wh i c h me a n sthe i r c red i t ra t ing w i l l be down-graded in the fu tu re , as thed e b t t a k e sser ious to l l on the ec onomy and t ry s t rugg le to pay backthe i r deb t .Th is wi l l fu r the r scare lenders / investo rs away and fo rce the
in te res t ra tes up - amount o f t rucks fu l l o f cash o f tax -payer money sen t t o inves to rs / banks / lenders .
60% l imi t s tandard se t by EU fo r s tab i l i t y , wh i le be ing madat Greece and PI IGS fo r doing the sam e.
Germany faces a $285 Bi l l ion USD repayment / re f inance o f deb t in 2012 bu t sees no p rob lem o f f ind ing lenders , s inceGermany 's economylooks g rea t compared to the res t o f the indus t r ia l i zed wor ld .
United States of AmericaUSA is the na t ion w i th mos t deb t by fa r in the h is to ry o f human c iv i l i za t ion .
USA's to ta l deb t , inc lud ing persona l deb t , rea l es ta te (mor tgage) deb t , consumer deb t , c red i t c a rd deb t andgovernment deb t to ta lsa m ega $47 ,992 Bi l l ion USD ($47 .9 t r i l l i on ) , rough ly 2400 t ruc ks fu l l o f m oney . Source : US Debt Clock
USA bor rowed $1229 b i l l ion in 2011 - roughly 2 .5x tow ers o f cash in the background . USA runs a mega ~35% budge tde f ic i t ,fa r above the 3% max l imi t se t by EU fo r economic s t ab i l i t y s tandard .Wi th indus t r ia l i zed wor ld economies in c r is is , USA faces l i t t le p rob lem t o f inance i t s budge t de f ic i t in 2012 s incewor ld 's moneyis cu r ren t ly f lowing in to USA in g rea t numbers as inves to rs t ry to f ind "sa fe ty " where to s to re the i r money , s inceEurope isno t sa fe ; ne i the r a re banks . As long as USA has access t o cheap c red i t due to scared inves to rs wi l l ing to hand over the i r money inname o f " sa fe ty " , USA's in te res t paym ents w i l l rema in fa r be low norma l . As o f Feb 2012 , the deb t num bers a refo l lowing :
JapanJapanese deb t s tacked a round the des t royed Fukush ima Nuc lear Power Plan t . Japan cou ld have bu i l t a w a l l o f money to keepFukush ima sa fe f rom t he Tsunami , wi th a l l the m oney theybor rowed.Fukush ima Power Plan t compared to the t rucks is GIANT.
Japan is a un ique ex ample . I t ho lds a MASSIVE 225% deb t toeconomy ra t io . Th is i s on ly poss ib le because o f loya l ty o f Japanese peop le to the Japanese government . Japan 's peop le a rethe m a in buyers o f J apanese government deb t , and as long asthey b l ind ly buy the deb t , and in te res t ra tes don ' t go up , they canprac t ica l l y run up the deb t inde f in i te ly . The issues s ta r t wheneveryone s ta r ts wonder ing how they w i l l ge t the money back .
Wh i le h isto r ica l l y hav ing a good expor t su rp lus ; Japan s t i l l has tw o" los t decades" , where i t has exper ienced no econom ic g rowth .Th is i s ma in ly due to the la rge amounts o f deb t .
A World in DebtThe wor ld is in deb t - A who le c i ty o f sky -sc rapers o f cash .The coun t r ies t oge ther face a $7600 Bi l l ion USD (7 .6 T r i l l ion ) do l la r deb trepayment / re f inance tab in 2012 .The towers a re m axed-ou t a t 100 s to r ies o f $10 b i l l ion do l la r p la t fo rms.
To unders tand how w e go t in th is bor rowing mess , you mus t t race the pa th o f money ,where i t comes f rom and how i t i s c rea ted . For s ta r te rs : Money is " c rea ted" a t theCent ra l Banks o f the Wor ld .
Money c rea t ion is never taugh t in schoo l , w h i le be ing one o f the mos t impor tan t th ingsdec id ing your we l l be ing . In USA i t comes f rom the Cen t ra l Bank (p r iva te o rgan iza t ion ) dubbed the
Federal Reserve.You owe to yourse l f to unders tand t he fundamenta ls o f money , s ince money con t ro lsyou,
jus t l i ke your boss con t ro ls you wi th money .I f you wan t to be a f ree person . .. you mus t unders tand the fo rces tha t con t ro l you .
For fu r the r in fo rmat ion & documenta r ies on mo ney c rea t ion exp lo re t ru th theory .o rg'sdocumenta r ies and /o r wa t ch the documenta ry F ia t Emp i re
Sources :L is t o f Coun t r ies (GDP Nomina l ) Russia Canada China Brazi l Ind ia UK France I ta ly GermanyUS A JapanBloomberg : Wor ld ’s Bigges t Economies Face $7 .6 T r i l l ion Bond Tab as Ra l ly Seen Fad ingCreated: 02/02/2012
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Gerard Schmidt · London, United Kingdom
Democracy is two wolves and sheep all voting what to have for dinner.
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Luka Rejec · Subscribed · Univerza v Ljubljani
But what's the alternative? One pigwolf holding the reins of
power, and ten sheep shouting "four legs good, two legs
bad!"?
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Paul Stevenson · Subscribed
Bake sale anyone?
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