The Global Debt Clock is Ticking...
By ArickStall
The Economist is featuring a real-time global debt clock that includes the United States. A few countries do not have stats available (like North Korea, Laos and Cambodia, among others).
While the U.S. was always one of the countries in debt, it became one of the worst in this map after the 2009 fiscal year. The clock goes all the way back to the year 2000. In 2000, the global debt was over 18 trillion total, it now sits close to 42 trillion and counting.
The other countries that are in the red as negative as the United States? Canada and most western European countries – those countries that rely more heavily on items such as socialized healthcare. And yet the United States tries to model certain programs and services off of these same debt-ridden countries.
With the tentacles of the U.S. debt reaching all over the world, now is the time more than ever to put our focus and effort on the Federal Reserve and recognize not just the impact it has on the devaluing of our currency, but the overarching economic turmoil on the rest of the world.
Hmm, I wish there was a way to find out about the Fed’s dealings with foreign central banks. There is. We must pass H.R. 459 and S. 202. Make sure to sign the “Audit the Fed” petition here and support Congressman Paul’s bill.
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