No worries.. US debt per person only trippled from 2004-2015

[bitpump]

No worries.. US debt per person only trippled from 2004-2015

US debt per person 2004 $13.572
US debt per person 2015 $45.869

http://www.economist.com/content/global_debt_clock

[freedomno1]

This is interesting in a way
A chart that makes african debt look like a minor thing

[CoinCidental]

who cares ? they are going to keep the pedal to the metal until it breaks regardless.........
printing free money can not stop or it would be literally the end of the world
2big2fail

[Kprawn]

Did you notice how many of the "Doomsday Preppers" {TV Series} in the USA are preparing for a total US economic collapse in comparison to other disasters?

The people know what is coming, and they just ignoring it, because it has become the norm. They also have a false sense of security, in the fact that the government bailed out HUGE banks, with the last economic meltdown. 

You can only stimulate a economy with tax money and printing extra money, for so long. At some stage, it will collapse and it will bring a global financial crysis. {We will all suffer for the mistakes of one country}

The same happened with the Euro { The PIGS countries nearly brought the whole Euro zone to it's knees }

Ignorance is a bliss. 
 

[Elwar]

It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

[CoinCidental]

It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

its not in their best interests to  keep it updated ........its going to get bigger until it collapses
but nobody wants to say  what happens when the music stops ......
just keep printing away is all they can do now .......imagine the compounded interest on 18+ trillion

[newIndia]

It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

I checked the map. It is saying that all the countries have some debt, even the green ones. I wonder, then who is lending ? I mean, is there any country without a debt ?

p.s. Sorry, I'm not good in economics.

[avw1982]

The 'richer' the country, the higher the debt.

[michaeladair]

U.S.A is the country that didn't take personal finance in highschool...

[cbeast]

As above, so below. Americans are only following the example of their elected leaders.

[Elwar]

It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

I checked the map. It is saying that all the countries have some debt, even the green ones. I wonder, then who is lending ? I mean, is there any country without a debt ?

p.s. Sorry, I'm not good in economics.

The United States issues Treasury Bonds. Anyone, including US and foreign citizens, can buy those bonds. Some foreign governments also buy them for the stability of the investment.

[Elwar]

It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

its not in their best interests to  keep it updated ........its going to get bigger until it collapses
but nobody wants to say  what happens when the music stops ......
just keep printing away is all they can do now .......imagine the compounded interest on 18+ trillion

Looking at Q3 2014 it shows that the debt to GDP ratio is over 100%. This is when bad things start to happen.

Greece passed 100% in 2005. The first austerity measures were implemented in 2010 by the EU to save the Greek economy.


The United States does not have an "EU" to implement austerity measures.

[CoinCidental]

It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

its not in their best interests to  keep it updated ........its going to get bigger until it collapses
but nobody wants to say  what happens when the music stops ......
just keep printing away is all they can do now .......imagine the compounded interest on 18+ trillion

Looking at Q3 2014 it shows that the debt to GDP ratio is over 100%. This is when bad things start to happen.

Greece passed 100% in 2005. The first austerity measures were implemented in 2010 by the EU to save the Greek economy.


The United States does not have an "EU" to implement austerity measures.

the US government can keep borrowing "new treasuries"  from the "fed"
i dont see what else they can do and if anyone says  no all the banks will fail at once ?
i read somewhere that debt to GDP is/ was at 108% recently so it maybe fucked even more than greece on paper anyway .....

[countryfree]

The United States does not have an "EU" to implement austerity measures.

We know that, the US is a free country, its federal reserve can print as much money as it wants. Up to the point where people suddenly realizes that always creating more money creates more problems than it solves, and that the faster the money is created, the faster it depreciates.

[NeuroticFish]

I think that the better graph would be the one that shows the colors based on debt as %GDP.
Just it's not loading up for me

Also, imho, more alarming is that in US the public debt change is >10%

[CoinCidental]

usa is in debt by 1.3 trillion to china and 1.2 trillion to japan iirc  but majority of the debt is homemade

[Q7]

And who says bitcoin is not the solution to all these problems.

[BillyBobZorton]

Thats why when they say "USD IS RECOVERING!!!" they never talk about shit like this. Its a massive scam.

[Meuh6879]

when all countries are debt ... the RESET of financial system is more easy ... (FMi)

[hdbuck]

when all countries are debt ... the RESET of financial system is more easy ... (FMi)

"Enact Immolation Initiative"