The Global Debt Clock-Interactice Real-time

[Feuer Frei!]

World debt comparison.
The global debt clock. (Interactive Global Debt Clock in link).
Our interactive overview of government debt across the planet:

The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock shows the global figure for all (or almost all) government debts in dollar terms.
Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as the Greek government did in early 2010, and the country can be plunged into imminent crisis. So the higher the global government debt total, the greater the risk of fiscal crisis, and the bigger the economic impact such crises will have.



Notes:

• This interactive map displays gross government debt for the globe. The clock covers 99% of the world based upon GDP.
• Debt figures are derived from national definitions and therefore may vary from country to country.
• The clock shows the estimated debt at the point corresponding to the current date and time in whatever year you are viewing; this is why it increases even when you view past or future years.
• The debt clock uses the latest available data, is updated on a quarterly basis and assumes that the fiscal year ends in December.

SOURCE

How interesting.
The "rich" countries are in debt by 20.000 to 35.000 per person.
The "poor" countries, that are recieving money from the "rich" countries governments', are only in debt by a few hundred per person.
Shouldn't the contributions be flowing in the opposite direction?

There are few things as foolish as giving away that which you don't have.
Unless of course, you a corrupt politician giving away other people's money.

Can anyone realy be that guilty of Stupidity?
Or, is it more likely Treason?

[Morts]

Originally Posted by Snestorm

How interesting.
The "rich" countries are in debt by 20.000 to 35.000 per person.
The "poor" countries, that are recieving money from the "rich" countries governments', are only in debt by a few hundred per person.
Shouldn't the contributions be flowing in the opposite direction?

There are few things as foolish as giving away that which you don't have.
Unless of course, you a corrupt politician giving away other people's money.

Can anyone realy be that guilty of Stupidity?
Or, is it more likely Treason?

For once, i agree with you

except that last bit

[antikristuseke]

How is it possible that every singly country there is data on is in debt?

[Skybird]

Originally Posted by antikristuseke

How is it possible that every singly country there is data on is in debt?

An inbuilt feature of every political system. Those in power spend always more than they can afford, since it is not their own money they waste, but they can use such wasting to buy support from the people.

That said people, by applauding this, effectively sell away themselves, still has not made the round.

Originally Posted by antikristuseke

How is it possible that every singly country there is data on is in debt?

Because these are not trade deficits, as people have been led to believe.
These "debts" are to privately owned central banks, which are nothing more than parasites living off the host national economies.

[Skybird]

Originally Posted by Snestorm

How interesting.
The "rich" countries are in debt by 20.000 to 35.000 per person.
The "poor" countries, that are recieving money from the "rich" countries governments', are only in debt by a few hundred per person.
Shouldn't the contributions be flowing in the opposite direction?

There are few things as foolish as giving away that which you don't have.
Unless of course, you a corrupt politician giving away other people's money.

Can anyone realy be that guilty of Stupidity?
Or, is it more likely Treason?

"Our" contributions to "them" are somewhat pathetic in scale, compared to the economic exploitation that we implement on them by dicating terms and conditions and having international instiotutions like world bank and IMF tailored to serve our interests, means: the interests of now internationally acting financial profiteering elites.

We also do damages to the ordinary people there due to the fincial crisis our sphere has casued, but that effects all the globe. We pay them some develoepment aid as an alibi to be allowed to commit crimes much much greater in value. We would do them much better if we would stop poaying them developement aid - and pay back our own debts to our creditors and by that bringing global economy back into a much healthier state. But compared to what that would cost us, developement aid is not even peanuts. So we leave it as it is.

Why worrying about morals if you can get it so much cheaper?

However, there are certainly regimes that we should stop pay immediately. Pakistan, Saudi Arabia, developement aid to China (hahaha) or Russia, or aid to Turkey.

Originally Posted by Morts

For once, i agree with you

except that last bit

And the last bit isn't even a statement, but a thought provoking question.

Originally Posted by Skybird

"Our" contributions to "them" are somewhat pathetic in scale, compared to the economic exploitation that we implement on them by dicating terms and conditions and having international instiotutions like world bank and IMF tailored to serve our interests, means: the interests of now internationally acting financial profiteering elites.

Rather than nit-pik, I'll simplfy things.
On the concluding statement of the above, we are in full agreement.

[STEED]

Without money there is no debt & without debt there is no money.

Human race has cocked it up!