US debt, in pictures.
29 July 2011, 02:16 PM
#1
Scooby Regular
Thread Starter
Join Date: Oct 2003
Location: Runway two seven right.
Posts: 6,652
Likes: 0
Received 0 Likes
on
0 Posts
US debt, in pictures.
http://usdebt.kleptocracy.us/
And if you like figures, try this one.
http://www.usdebtclock.org/index.html
Last edited by FlightMan; 29 July 2011 at 02:20 PM.
29 July 2011, 02:36 PM
#6
Scooby Regular
it looks to me like the US banks, over the last 20 years, have mortgaged and re-mortgaged the US economy to the Chinese
what have the done with the money? coz if you take the US car industry as an example not much investment has gone on
they have been churning out utter crap for the last 30 years, cars that most Europeans would be embarrassed to own and drive.
Take the Crossfire -- based on 30 year old german technology - oh dear, no wonder they are fvcked
what have the done with the money? coz if you take the US car industry as an example not much investment has gone on
they have been churning out utter crap for the last 30 years, cars that most Europeans would be embarrassed to own and drive.
Take the Crossfire -- based on 30 year old german technology - oh dear, no wonder they are fvcked
Trending Topics
29 July 2011, 03:09 PM
#8
Scooby Regular
Join Date: Nov 1998
Posts: 11,905
Likes: 0
Received 0 Likes
on
0 Posts
The UK doesn't look too healthy on this:
http://www.usdebtclock.org/world-debt-clock.html (same website as above, just selecting 'World').
Only Ireland has a worse external debt / gdp ratio.
http://www.usdebtclock.org/world-debt-clock.html (same website as above, just selecting 'World').
Only Ireland has a worse external debt / gdp ratio.
30 July 2011, 09:10 AM
#13
Was watching the news this morning and I really think the yanks are contriving this to a certain extent, their sway as a major world player is slipping and this is a chance to exert some influence before they descend into being an also ran.
31 July 2011, 11:08 AM
#16
The Weimar tried that trick and ended up with this...
100,000,000,000 mark note that would buy in 1923:
""On November 1 100 Billion Mark would buy 3 pounds of meat.
Bread is 3 Billion Mark a loaf.
On November 15 100 Billion Mark would buy 2 glasses of beer
Bread is 80 Billion Mark a loaf.""
100,000,000,000 mark note that would buy in 1923:
""On November 1 100 Billion Mark would buy 3 pounds of meat.
Bread is 3 Billion Mark a loaf.
On November 15 100 Billion Mark would buy 2 glasses of beer
Bread is 80 Billion Mark a loaf.""
31 July 2011, 06:10 PM
#18
Scooby Regular
Join Date: Jan 2005
Location: Lincolnshire
Posts: 15,623
Likes: 0
Received 0 Likes
on
0 Posts
Most people have a debt that far outweigh's their annual economic output, but they dont run their lives at a defecit.
More to it than just numbers. Nothing wrong with debt, for the right reasons.
More to it than just numbers. Nothing wrong with debt, for the right reasons.
31 July 2011, 08:48 PM
#20
Scooby Regular
Join Date: Jan 2005
Location: Lincolnshire
Posts: 15,623
Likes: 0
Received 0 Likes
on
0 Posts
Clinton had a surplus for a few years and reduced the debt. Sadly Reagan and Bush never. The problem is the bigger the debt, the more you need to pay to service it, and the less money you have for everything else, hence the deficit.
I saw a piece on the news the other day, of a family who when he lost his job, had his car repossesed, lost his house, everything, it was all on finance. I couldn't live like that.
I saw a piece on the news the other day, of a family who when he lost his job, had his car repossesed, lost his house, everything, it was all on finance. I couldn't live like that.
31 July 2011, 11:15 PM
#21
Scooby Regular
Some people are cut out for it and others aren't. There are people living the high life but if their margins drop they'll be out on the street. In reality they don't own anything. Good on them if they can handle the stress, but it will never be my cup of tea. Can't go wrong when you own stuff! Or if you do you will have a nice safety net!
01 August 2011, 09:22 AM
#22
Scooby Regular
Some people are cut out for it and others aren't. There are people living the high life but if their margins drop they'll be out on the street. In reality they don't own anything. Good on them if they can handle the stress, but it will never be my cup of tea. Can't go wrong when you own stuff! Or if you do you will have a nice safety net!
01 August 2011, 11:13 PM
#24
Scooby Regular
iTrader: (1)
Join Date: Jan 1999
Location: UK
Posts: 15,271
Likes: 0
Received 0 Likes
on
0 Posts
it looks to me like the US banks, over the last 20 years, have mortgaged and re-mortgaged the US economy to the Chinese
what have the done with the money? coz if you take the US car industry as an example not much investment has gone on
they have been churning out utter crap for the last 30 years, cars that most Europeans would be embarrassed to own and drive.
Take the Crossfire -- based on 30 year old german technology - oh dear, no wonder they are fvcked
what have the done with the money? coz if you take the US car industry as an example not much investment has gone on
they have been churning out utter crap for the last 30 years, cars that most Europeans would be embarrassed to own and drive.
Take the Crossfire -- based on 30 year old german technology - oh dear, no wonder they are fvcked
01 August 2011, 11:17 PM
#25
Scooby Regular
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes
on
0 Posts
01 August 2011, 11:21 PM
#26
Scooby Regular
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes
on
0 Posts
01 August 2011, 11:23 PM
#27
Scooby Regular
Join Date: Mar 2010
Posts: 10,329
Likes: 0
Received 0 Likes
on
0 Posts
02 August 2011, 01:08 AM
#28
Scooby Regular
iTrader: (1)
Join Date: Jan 1999
Location: UK
Posts: 15,271
Likes: 0
Received 0 Likes
on
0 Posts
That I am not questioning - more the comment about the US economy being sold off to the Chinese over the last 20 years 
The Obama slide is interesting - Bush did leave him with an economy that was in a very bad way and dying on it's feet. I am not sure the numbers would be any better if Bush had stayed on!
The Obama slide is interesting - Bush did leave him with an economy that was in a very bad way and dying on it's feet. I am not sure the numbers would be any better if Bush had stayed on!
02 August 2011, 01:23 AM
#29
Scooby Regular
iTrader: (13)
Join Date: Apr 2010
Location: Swansea
Posts: 4,008
Likes: 0
Received 0 Likes
on
0 Posts
That was due to bailing out nearly every part of the US economy.
They are in this mess now (not including the banks etc etc) as Obama chose to make the Government shoulder the debt, to keep the companies keep employing, to keep the companies able to function and trade. So Obama was weighing up the potential losses of doing nothing against the economy pulling them out of the shizen.
BUT for this to work he needed the economy to grow, it hasn`t, and to recoup the money he needed this growth and Tax rises. Americans seem blinded to the fact that you need to raise taxes to pay for things, and anyone who says they will raise taxes will not get the power.
We have taken the decision to cut spending instead of raising taxes, in a hope that it will allow the economy to grow. But I fear without a decrease in fuel and food costs we cannot do this, lower fuel and food costs and we can start as people will have more money etc etc. We need to not worry about CO2 etc, atleast until we can afford to worry about it.
In an ideal world the government should spend 99p for every £1 raised.
There would be ONE government not the plethora of gravy trains, layer upon layer of politicians.
People only claiming benefits who actually need them, and only claiming for what they REALLY need, not what they can.
And we`d not be sending billions and billions to Europe which does nothing apart from cause us problems, free trade yeah, but nothing more.
They are in this mess now (not including the banks etc etc) as Obama chose to make the Government shoulder the debt, to keep the companies keep employing, to keep the companies able to function and trade. So Obama was weighing up the potential losses of doing nothing against the economy pulling them out of the shizen.
BUT for this to work he needed the economy to grow, it hasn`t, and to recoup the money he needed this growth and Tax rises. Americans seem blinded to the fact that you need to raise taxes to pay for things, and anyone who says they will raise taxes will not get the power.
We have taken the decision to cut spending instead of raising taxes, in a hope that it will allow the economy to grow. But I fear without a decrease in fuel and food costs we cannot do this, lower fuel and food costs and we can start as people will have more money etc etc. We need to not worry about CO2 etc, atleast until we can afford to worry about it.
In an ideal world the government should spend 99p for every £1 raised.
There would be ONE government not the plethora of gravy trains, layer upon layer of politicians.
People only claiming benefits who actually need them, and only claiming for what they REALLY need, not what they can.
And we`d not be sending billions and billions to Europe which does nothing apart from cause us problems, free trade yeah, but nothing more.
Last edited by Jimbob; 02 August 2011 at 01:30 AM.
02 August 2011, 09:28 AM
#30
Scooby Regular
Join Date: Aug 2000
Location: God's promised land
Posts: 80,907
Likes: 0
Received 0 Likes
on
0 Posts
Jimbob how comes you know all that yet live in Swansea? 
Even if the Senate pass the vote, this isn't the end. It isn't even the beginning of the end. But it is, as some fat bloke with a cigar once said, the end of the beginning.
America to be downgraded, Europe to blow itself apart. Happy days.
Even if the Senate pass the vote, this isn't the end. It isn't even the beginning of the end. But it is, as some fat bloke with a cigar once said, the end of the beginning.
America to be downgraded, Europe to blow itself apart. Happy days.