The U.S. Debt Clock
 

I stumbled upon this real time US Debt Clock that offers a very interesting look into the $$'s behind the US of A. Lots of interesting data. Thought I'd share..

Real Time US National Debt Clock

http://www.usdebtclock.org

..It is interesting how "US Private Debt" is climbing (as one would expect), but the "Credit Card Debt" portion is actually declining.

Heavy.

------

Interesting clock, thanks Dcat.

Awesome! It puts things into perspective.

The derivatives have always scared me.

I once read that they are essentially like getting five insurance polices on your neighbors house, burning it down and then collecting the full value of their home five times. Not your house, but your neighbors. That is why the exposure is $644 TRILLION. How many times our GDP is that?

Somebody is going to have to hit a reset switch (with the rest of the world getting on board) or we may end up fuxored into the third world.

Interesting...

cool site, thanks

Dooty :2 cents:

Damn cool

Cool stuff.

game of big numbers...

indeed :thumbsup

fuckedddddddddd, on what is that country build then? fake money?

I just found this link watching fox news, kinda scary

15% of the US workforce is a state/federal employee.


.

Another thing with derivatives is that you don't have to have all the money up front, you only have to have about 10%. So it would be like getting 5 insurance policies on your neighbors home and only had to pay 10% of the premium up front. But they would only last for 5 years. If the house didn't burn down in 5 years you had pay the full amount of the premiums. So you can gamble. If you win you can win big, but if you lose you can lose big too.

It is all creating wealth out of thin air and stuff like this has to stop if we are every going to get back on track and have an economy that is stable.

great, interesting:thumbsup

The Chinese will soon demand re payment, their j*w financial advisers told them to start slowly by asking for land, first Guam, Hawaii, Alaska, California and finally your daughters.