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http://www.usdebtclock.org/ http://www.usdebtclock.org/ (although the whole debt thing is complicated with state/federal bank owning a large piece of the debt).
by amenghra 10y ago
http://www.usdebtclock.org/ http://www.usdebtclock.org/ (although the whole debt thing is complicated with state/federal bank owning a large piece of the debt).
- paulpauper 10y agointerest paid on US debt relative to GDP is at multi-decade lows https://blogs-images.forbes.com/larahoffmans/files/2013/01/fisher-investments-debt-interest-GDP.png https://blogs-images.forbes.com/larahoffmans/files/2013/01/f... The US dollar is unique because it's the world's benchmark of wealth. The Forbes 400 list is benchmarked in dollars, not Yen or Euros. The US dollar is not only a reserve currency, but everything (such has oil, gold, etc.) is denominated in US dollars, not Euros, Francs, Pounds, or Yen. This allows the US to persistently run trade deficits without hurting its 'wealth', unlike other countries that wold lose wealth in the form of high inflation and currency depreciation if they did the same. This makes the debt clock almost meaningless, and had someone in 2000 sold short US treasuries in anticipation of high inflation, they would have lost their shirt despite the national debt surging since then.