Saturday, April 16, 2011

US debt clock

what it shows is the real-time accumulation of US public debt. When I last looked, this was approaching $14.228 trillion, or around 100 per cent of GDP. Higher and higher, the big number goes. America is bankrupting itself as surely as Wilkins Micawber. So extreme is the country’s addiction to debt that if nothing is done, it will surely force the wholesale retreat from the New World’s century-old dominance of international economic and geopolitical affairs.(

Safer alternative bears on dollar by BARRY EICHENGREEN


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