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  • Moses: 
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  Sustainable?

  Sep 16 10:42 AM | Link | Reply
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  • Moses: 
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  Also,
  www.reuters.com/articl...
  
  According to that article, total debt is over one third of total wealth.

  Sep 16 10:46 AM | Link | Reply
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  • Michael Clark: 
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  • Clark's Gate Timing System ©
  A life of lies is rarely sustainable.
  
  
  On Sep 16 10:42 AM Moses wrote:
  
  > Sustainable?

  Sep 16 10:47 AM | Link | Reply
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  • Owen: 
  • Comments (176)
  Debt to whom? If you owe a dollar to your bank, who in turn owes a dollar to another bank, who owes a dollar to the government, that one dollar debt is counted three times. Much of the world's debt is counted more than three times.
  
  A person, company or country can be leveraged. The world as a whole cannot, by definition, be leveraged. For every debtor there is a creditor. Once again, an article published with the sole purpose of inspiring panic in people who don't have basic knowledge of economics.

  Sep 16 10:53 AM | Link | Reply
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  • doubleguns: 
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  And the USA is on the hook for about 1/3 of that .

  Sep 16 10:57 AM | Link | Reply
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  • Tack: 
  • Comments (448)
  Of course, it's "sustainable." As long as money supplies are increased and nominal GDP's advance, there is no debt ceiling; it can grow indefintely.
  
  It's only that the rate of debt expansion cannot grow indefintely faster than GDP. That's the only limitation. As long as GDP's grow, world debt can advance, ad infinitum.

  Sep 16 11:03 AM | Link | Reply
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  • Boxed Merlot: 
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  The per capita analysis may be a bit misleading as average incomes are so widely divergent. Perhaps a chart representing indenturedness, i.e. the amount of time needed to work off the per capita per citizen could help show even more conclusively the US citizens misconception of actual "freedom" and "liberty". Every new immigrant should be required to sign a note acknowledging their share of this burden before being granted citizenship.
  

  Sep 16 11:04 AM | Link | Reply
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  • Mayascribe: 
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  Check out usdebtclock.org

  Sep 16 11:21 AM | Link | Reply