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The Global Debt Clock

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

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.

http://www.zerohedge.com/news/43454601693238-reasons-why-world-broke-presenting-interactive-global-debt-clock

By now everyone has had a chance to play with the US debt clock. But what about its global cousin? Courtesy of The Economist, we now have a convenient way to track the hundreds of millions in dollars added each and every hour by the global governments who see to spur global deleveraging by, you guessed it, adding more debt. Yes, in the process the world's sovereigns are transferring default risk away from global corporations to sovereigns, but few in the #OWS crowd appear to have yet figured out this rather disturbing and very insidious usurpation of sovereignty by the global corporatocracy, so said risk and leverage transfer will continue until such time as any and all paper backed by these insolvent corporate shells (f/k/a countries) is completely worthless.

Excellent we can now follow how they are adding more debt to solve the debt crisis.

Currently at over $40tr, when this baby finally bursts it's not going to be fun.

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

http://www.zerohedge.com/news/43454601693238-reasons-why-world-broke-presenting-interactive-global-debt-clock

Excellent we can now follow how they are adding more debt to solve the debt crisis.

Currently at over $40tr, when this baby finally bursts it's not going to be fun.

$40 trillion, eh?

The global amoubnt of gold is about 5,000,000,000Oz.

I make that about $8,000 per Oz. Ties in well with some peoples thoughts here on the ultimate value of gold.

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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