Author Topic: Its official, National Debt is now $15 Trillion  (Read 20403 times)

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Offline exchange

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Its official, National Debt is now $15 Trillion
« on: November 16, 2011, 06:04:58 PM »
Gross Debt to GDP ratio will be 100% any hour.
These are the reported numbers, however we know better.

http://www.usdebtclock.org/


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Offline Birdman

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Re: Its official, National Debt is now $15 Trillion
« Reply #1 on: November 16, 2011, 06:47:57 PM »
$15,000,000,000,000.00

Wow.  Just look at it.

Hey, it is only 850,822,461 ounces of gold.

Offline badon

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Re: Its official, National Debt is now $15 Trillion
« Reply #2 on: November 24, 2011, 01:36:04 AM »
The huge difference between the official and actual unemployment is both sad and hilarious. Murderers and thieves - liars - murderers and thieves.

Underbidder

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Re: Its official, National Debt is now $15 Trillion
« Reply #3 on: November 24, 2011, 01:41:31 AM »
$15,000,000,000,000.00

Wow.  Just look at it.

Hey, it is only 850,822,461 ounces of gold.

Visualize it soon enough..., being only ONE oz of gold!   :w00t:
« Last Edit: November 24, 2011, 01:51:07 AM by Underbidder »

Offline Pandad

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Re: Its official, National Debt is now $15 Trillion
« Reply #4 on: November 24, 2011, 02:02:16 AM »
I knew if our elected officials tried hard enough we could achieve this monumental figure. 

How many sheets of paper do we need to print to pay this off???

Offline ghostrider80811

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Re: Its official, National Debt is now $15 Trillion
« Reply #5 on: November 24, 2011, 07:33:17 AM »
I knew if our elected officials tried hard enough we could achieve this monumental figure. 

How many sheets of paper do we need to print to pay this off???

No need.  Just press a few buttons on the computer and volia!

Offline exchange

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Re: Its official, National Debt is now $15 Trillion
« Reply #6 on: January 31, 2012, 09:59:22 AM »
Debt to GDP ratio is now over 101%.
http://www.usdebtclock.org/

The global debt clock.
Look at the countries marked in red, no surprise there.
http://www.economist.com/content/global_debt_clock


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Offline Honus

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Re: Its official, National Debt is now $15 Trillion
« Reply #7 on: January 31, 2012, 11:29:27 AM »
The huge difference between the official and actual unemployment is both sad and hilarious. Murderers and thieves - liars - murderers and thieves.

You're so right Badon, I bang this drum too often with clients in conversations revolving around the state of the economy.  The government's unemployment numbers do not count people who are underemployed (white collar workers doing part-time cashier jobs in convenience stores, just as an example), they don't count people who have maximized their unemployment benefits and are no longer receiving assistance checks, and they don't count people who've temporarily stopped looking for a job (maybe due to health reasons, lack of prospects, etc.) or who have moved back in with family and are being otherwise supported.  Add all these people back into the equation, and the unemployment number goes from the 9% range to somewhere between 15.5-16.5%.  That's a staggering number by any standard.
Eric Liquori
Anvil Fine Wares
www.anvilfinewares.com

Offline dobedo

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Re: Its official, National Debt is now $15 Trillion
« Reply #8 on: January 31, 2012, 11:55:52 AM »
You're so right Badon, I bang this drum too often with clients in conversations revolving around the state of the economy.  The government's unemployment numbers do not count people who are underemployed (white collar workers doing part-time cashier jobs in convenience stores, just as an example), they don't count people who have maximized their unemployment benefits and are no longer receiving assistance checks, and they don't count people who've temporarily stopped looking for a job (maybe due to health reasons, lack of prospects, etc.) or who have moved back in with family and are being otherwise supported.  Add all these people back into the equation, and the unemployment number goes from the 9% range to somewhere between 15.5-16.5%.  That's a staggering number by any standard.
Please help me understand this. If ALL US people were unemployed long enough to not receive umemployment benefits, the unemployment rate would become 0%. Is that correct?

Offline Honus

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Re: Its official, National Debt is now $15 Trillion
« Reply #9 on: January 31, 2012, 12:04:28 PM »
Please help me understand this. If ALL US people were unemployed long enough to not receive umemployment benefits, the unemployment rate would become 0%. Is that correct?

The US government does not include such people in their calculation.  So if you've been unemployed for a long period of time, filed unemployment, and are still unemployed when the benefits run out, you drop out of the government's unemployment calculation.  You're still unemployed, but you're not included in the figure.   So, technically, I guess you're correct...if we all lost our jobs and we all got benefits, the unemployment rate would be 100%.   As soon as the benefit period ran out, and we were still unemployed, the government would stop counting us and the unemployment rate would drop to 0% by their method.
Eric Liquori
Anvil Fine Wares
www.anvilfinewares.com

Offline exchange

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Re: Its official, National Debt is now $15 Trillion
« Reply #10 on: February 07, 2012, 10:07:25 AM »
Debt to GDP ratio is now over 102%.

http://www.usdebtclock.org/
$15,324,XXX,XXX,XXX


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Offline exchange

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Re: Its official, National Debt is now $15 Trillion
« Reply #11 on: February 07, 2012, 10:34:22 AM »
Everyone is talking about Europe, in particular Italy and Spain. Spain? Their debt to GDP ratio is much lower than the US! It is really amazing to watch the media such as CNBC bash Europe when all they need is a mirror to really know which country is in real trouble.

How ironic, the United States is in the same class ratio as Greece, Italy, and Japan at 100%+

Gross debt as percentage of GDP 2011

Austria    82%
France       87%
Germany    85%
Russia       9%
Greece       130%
Ireland    93%
Italy       119%
Japan       204%
Netherlands    82%
Portugal    97%
Spain       74%
United Kingdom    94%
United States    100%
Asia       41%
Central Europe  29%
Latin America    35%

http://en.wikipedia.org/wiki/United_States_public_debt

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Offline Pandana

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Re: Its official, National Debt is now $15 Trillion
« Reply #12 on: February 07, 2012, 02:57:34 PM »
Hope the curve will come up...

Thought this is appropriate under the topic


Offline Pandana

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Re: Its official, National Debt is now $15 Trillion
« Reply #13 on: February 07, 2012, 03:09:24 PM »
It's reasonable to extrapolate from the curve above.  With an increment of approx 1.4 Tril dollars in debt added every year ... just extend the curve out; one can pretty much determine the price of gold in the future

Have fun

Offline ghostrider80811

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Re: Its official, National Debt is now $15 Trillion
« Reply #14 on: February 07, 2012, 03:19:00 PM »
Very nice: