43,454,601,693,238 Reasons Why The World Is Broke - Presenting The Interactive Global Debt Clock

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Sun, 10/16/2011 - 23:45 | 1780279 zorba THE GREEK
zorba THE GREEK's picture

Chump change when you have a printing press.

I personally have more than that in Zimbabwe money.

Mon, 10/17/2011 - 00:09 | 1780336 Unprepared
Unprepared's picture

Global debt increased from 2.07 to 1.03 million tons of gold. Oh wait, that would be 'decreased'.

Mon, 10/17/2011 - 00:22 | 1780368 PaperWillBurn
PaperWillBurn's picture

and you have just found the solution to the debt crisis.

 

Simple yet powerful. It doesn't take a million economists too understand that increasing the value of your assets offsets your liabilities,

 

 

Mon, 10/17/2011 - 00:32 | 1780387 CrazyCooter
CrazyCooter's picture

I am so heading over to eBay to pick up some of those $1T Zim dollars and I will save this fucker! I always knew I should have been a super hero since I was a kid ... now is my moment!

Regards,

Cooter

Mon, 10/17/2011 - 00:40 | 1780400 zorba THE GREEK
zorba THE GREEK's picture

Hey Cooter, The last ones they made were $100 trillion notes. They were officially worth $1 but 

sold on the black market for 50 cents. 

Mon, 10/17/2011 - 03:23 | 1780543 CharlieSDT
CharlieSDT's picture

Why does it say US debt is only 8T?

Mon, 10/17/2011 - 04:10 | 1780570 Popo
Popo's picture

WHO DOES THE WORLD OWE ALL THIS MONEY TO?

(rhetorical question btw... just want to get the gears turning)

Mon, 10/17/2011 - 04:35 | 1780581 gojam
gojam's picture

Rhetorical or not it's still a good question.

The global economic system is so sophisticated (a word with the same Greek root as Sophistry)

sophistry

n pl -ries
1. (Philosophy)
a.  a method of argument that is seemingly plausible though actually invalid and misleading b.  the art of using such arguments 2. subtle but unsound or fallacious reasoning 3. an instance of this; sophism
Mon, 10/17/2011 - 00:41 | 1780403 Cliff Claven Cheers
Cliff Claven Cheers's picture

I've said it before, if the US would just print up 40 or 50 $1 Trillion dollar notes we could pay all our debts off and recapitalize the SS trust fund plus some extra trillions for medicare.

Mon, 10/17/2011 - 07:22 | 1780719 bigdumbnugly
bigdumbnugly's picture

whew!

it's only the pesky debt clock. 

my first thought was that it was the bathroom scale when my wife steps on it.

i'd much rather that was a race to the bottom.

Mon, 10/17/2011 - 00:25 | 1780369 DormRoom
DormRoom's picture

So if the top 1% get 30% of national income.  The 30% of global debt is a $hitload of money. 

 

Basically, the super rich are hoarding dreams, and opportunities from the rest of us.  Capitalism may have provided abundent material needs, but the marketplace of 'life affirming experiences', is still very expensive for  vast populations.

 

down with the Ideological State Apparatus.

#occupywallstreet

Mon, 10/17/2011 - 00:37 | 1780395 CrazyCooter
CrazyCooter's picture

Me, I would settle for the application of existing laws applied universally across the board regardless of station in life.

While I agree, I must point out we have crossed into the "banana republic" land a while back and there have since been two sets of rules. But I will be citing Orwell if I keep going on, but this does beg a question; will Buffet smell gin scented tears in his final moment?

Regards,

Cooter

Mon, 10/17/2011 - 08:04 | 1780798 TruthHunter
TruthHunter's picture

"gin scented tears?"

In his final moment the old liar much more likely to smell burning sulfur.  Any drinks will boil rapidly away

Mon, 10/17/2011 - 08:24 | 1780829 cossack55
cossack55's picture

You may only quote Orwell because you KNOW he was right. 

 

Engsoc

Amerisoc

Chisoc

Eurosoc

They all suck

Mon, 10/17/2011 - 00:29 | 1780384 legal eagle
legal eagle's picture

If only we had hard assets to show for all the debt spent. Like maxing out credit card on strippers.

Mon, 10/17/2011 - 00:40 | 1780399 CrazyCooter
CrazyCooter's picture

Uno, dos, tres, quatros!

http://www.youtube.com/watch?v=BLa4pyQtcmw

Oh, the memories ... one of the vices I had to give up moving to Alaska ...

Regards,

Cooter

Mon, 10/17/2011 - 05:45 | 1780609 Mentaliusanything
Mentaliusanything's picture

Hard assets ? according to Ben

Thats "Transitory"

Mon, 10/17/2011 - 00:35 | 1780389 eureka
eureka's picture

Yeah, exactly - and like Dick Cheney said: "deficits don't matter" - and his unspoken  sequitur explains (obvious to zerohedgers): "as long as you attack and occupy some country out there, that has oil" - yeah, then we can keep printing till kingdom come. 

So, ehh - who's next in line to be attacked...?

And all zerohedgers say: "....

Mon, 10/17/2011 - 00:47 | 1780411 UP Forester
UP Forester's picture

Them pesky Persians that won't kick out the Russian engineers so Israel can bomb Bushehr, but, if you choose to believe, will recruit a pot-head whore-mongering used-car salesman from Corpus Christi to contract DEA agents acting as Zeta cartel-members to whack the Saudi ambassador to D.C.?

Mon, 10/17/2011 - 01:02 | 1780427 knukles
knukles's picture

Sounds solid to me.  End of investigation.  Case closed.

Back to the grindstone, on to the real mysteries, to find those fucking freaks who keep hacking into the celebrities iPhones.
Gosh, I might even get a promotion for solving this!

(soft humming sounds)

Mon, 10/17/2011 - 01:09 | 1780444 CrazyCooter
CrazyCooter's picture

<suddenly has a sense of serenity and wanders off>

Regards,

Cooter

Mon, 10/17/2011 - 08:36 | 1780862 knukles
knukles's picture

:)

Mon, 10/17/2011 - 02:57 | 1780535 Dugald
Dugald's picture

Iddybidy umdum deeeleedle iddldiddle dum....

Mon, 10/17/2011 - 08:37 | 1780865 knukles
knukles's picture

:)

Mon, 10/17/2011 - 01:09 | 1780445 Ahmeexnal
Ahmeexnal's picture

yeah, all those extra zeroes sure make toilet paper fluffier.

Sun, 10/16/2011 - 23:44 | 1780280 Denver768
Denver768's picture

Tick, tick, tick....

Mon, 10/17/2011 - 00:01 | 1780315 UP Forester
UP Forester's picture

The sound of Bathtub Buffett's tub when no plumber will touch his faucet?

Sun, 10/16/2011 - 23:44 | 1780281 Burnbright
Burnbright's picture

"Have fun funding that"

 

Don't they already?

Mon, 10/17/2011 - 01:54 | 1780492 tickhound
tickhound's picture

It's all paid for.

Sun, 10/16/2011 - 23:46 | 1780287 Incubus
Incubus's picture

So, when do the aliens arrive to bail out the central banks?  Or are they already here? 

 

and spare me the lizard men and planet nibiru bullshit.

Mon, 10/17/2011 - 01:01 | 1780431 knukles
knukles's picture

wooo owww oooowwww wooo owww owwwwwwww
it's not bullshit...............     hisssssssssssssss

Sun, 10/16/2011 - 23:46 | 1780288 Bansters-in-my-...
Bansters-in-my- feces's picture

And the Rothscilds smile...;0)

Sun, 10/16/2011 - 23:49 | 1780294 reader2010
reader2010's picture

Long Africa, where the WWIII will be fought. 

Mon, 10/17/2011 - 00:50 | 1780413 UP Forester
UP Forester's picture

Will it be with Eastasia or Oceania?

Mon, 10/17/2011 - 08:27 | 1780843 cossack55
cossack55's picture

Eurasia

Mon, 10/17/2011 - 03:01 | 1780538 Dugald
Dugald's picture

Long Africa, where the WWIII will be fought

 

Ahhhh shit! I just hate snakes et al.,.....,

Sun, 10/16/2011 - 23:50 | 1780296 slewie the pi-rat
slewie the pi-rat's picture

i'd like to start a bar tab, please...

Mon, 10/17/2011 - 00:44 | 1780406 CrazyCooter
CrazyCooter's picture

<I'm drinking with Slewie>

Regards,

Cooter

Mon, 10/17/2011 - 06:18 | 1780637 nmewn
nmewn's picture

We're gonna need a bigger table.

Sun, 10/16/2011 - 23:55 | 1780300 lunaticfringe
lunaticfringe's picture

The US Mint is gearing up to print some quadrillion notes. They have a pic of Komrade Obama on them, a big masonic eye on top of a building shaped like Goldman Sachs, and Warren Buffett has promised he will work real hard and send in extra money. Happy days are back!

Sun, 10/16/2011 - 23:57 | 1780303 X.inf.capt
X.inf.capt's picture

thats a f'in number...

oh well,

maybe ill start drinkin' again...

 

Sun, 10/16/2011 - 23:55 | 1780304 wandstrasse
wandstrasse's picture

The good news is: We won the war against the future! Overwhelming victory!

Mon, 10/17/2011 - 00:14 | 1780353 zorba THE GREEK
zorba THE GREEK's picture

Win the future... WTF

Mon, 10/17/2011 - 01:04 | 1780435 knukles
knukles's picture

Hooray!
The past is safe, paesantry!
All hail!

Sun, 10/16/2011 - 23:55 | 1780305 Unprepared
Unprepared's picture

The global debt doubled in a space of 10 years (2001-2011): is this the definition of exponential growth ?

Mon, 10/17/2011 - 00:06 | 1780328 wandstrasse
wandstrasse's picture

it is the definition of a wet dream for those who can claim the collateral demanded against their debt-fiat-confetti.

Mon, 10/17/2011 - 00:49 | 1780412 CrazyCooter
CrazyCooter's picture

There is so much truth in this simple response.

The caveat is that the system of ownership must remain intact. That implies a system of enforcement.

In my mind, the jury is out on that one, but I am just a red neck that reads too much.

Regards,

Cooter

Mon, 10/17/2011 - 02:58 | 1780537 silverbullion
silverbullion's picture

I agree. Global fiat 'money' supply has increased seven-fold since 1980. The drop in purchase value led to higher prices which they call economic growth. 

Sun, 10/16/2011 - 23:59 | 1780306 Bob
Bob's picture

OWS doesn't get it? 

I think they get it.  It doesn't require a position in the industry or fluency in its language to get it. 

Mon, 10/17/2011 - 00:08 | 1780332 X.inf.capt
X.inf.capt's picture

yeah, they get it...

the woman and i went to a general assembly for occupy________! we wanted to know what these guys were all about...and no, it wasnt about wealth redistribution...man, some of these trolls had me fooled...

they know the're on the tab for 14 trill+, and these kids dont feel they should be stuck paying it back...and they have no intention of doing so....

didnt see any tattooed faced, dreadlock wearin' smelly people either, lot of clean cut kids, and middleaged folks, too...

lotta vets, espeasally from the IAVA and VFW...

and, no, im not going to join them...i think they'll be made examples of what not to do...

this world is sucky...

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