A Blog About Finance, Economics & the Foolishness That Results
I looked at this debt clock on Monday, and the interest per person was 11,307 now on Friday it is 11,321. I mean WTF $14 in a week per US citizen; this is unsustainable, but painfully amusing.Even if you take the total National Assets of the USA at $72.5T and unfunded liabilities of $112.3T there would not be enough money left over after the sale of the USA to pay its debts.Even World total GDP for 2011 is $65.4T. http://en.wikipedia.org/wiki/List_of_countries_by_future_GDP_(nominal)_estimates
Red light, green light, go grey.....the colors alone were challenging and distracting to Miss Kansas here.Assets per citizen:$232,548 - I wonder how long it will take for that value to drop in half! or worse?Gold ounces per country: USA at 286,902,198 ounces. Is that a figure that can be verified? Are they including my gold ounces too? I hope not. I don't like sharing!
Knock yourself out!