Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > Fiat Ponzi

Reply
 
LinkBack Thread Tools
Old 10-17-2011, 07:42 AM   #1
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,064
Liked: 2454 times
Unhappy Satellite view of world debt

The global debt clock:

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

Tick tock ...
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 10-18-2011, 11:54 AM   #2
vox
Predaceous stink bug
 
vox's Avatar
 
Join Date: Oct 2011
Posts: 126
Liked: 65 times
This is a great view. I like.

Couple observations here.

1. All of the "red" debt is from the 1st world countries???
2. How is it that the Russian Fed isn't consumed in red either?

Last edited by vox; 10-18-2011 at 12:13 PM.
vox is offline   Reply With Quote
Old 10-18-2011, 12:08 PM   #3
Golden Cockroach
 
PMBug's Avatar
 
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,064
Liked: 2454 times
Russia defaulted on it's debt and revalued the Ruble in 1998 (two years before the first year reported on the chart in the OP):

http://en.wikipedia.org/wiki/1998_Ru...nancial_crisis
__________________
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -5. The time now is 02:50 PM.


Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of PMBug.com copyright © 2011 - 2019 Measuring Up. All Rights Reserved.