US debt clock


what it shows is the real-time accumulation of US public debt. When I last looked, this was approaching $14.228 trillion, or around 100 per cent of GDP. Higher and higher, the big number goes. America is bankrupting itself as surely as Wilkins Micawber. So extreme is the country’s addiction to debt that if nothing is done, it will surely force the wholesale retreat from the New World’s century-old dominance of international economic and geopolitical affairs.(

Safer alternative bears on dollar by BARRY EICHENGREEN

Advertisements

Tags: , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: