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U.S. Debt Clock like you have never seen. This has trading ramifications!
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U.S. Debt Clock like you have never seen. This has trading ramifications!

  #1 (permalink)
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U.S. Debt Clock like you have never seen. This has trading ramifications!

I have seen the national debt clock but not like this one. Honestly watching all the different US debt metrics in real time makes me want to put in giant long term short. Our path is not sustainable.

U.S. National Debt Clock : Real Time

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Last edited by liquidcci; August 30th, 2012 at 01:10 PM.
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  #3 (permalink)
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wow, is that read right? 15 trillion in personal debt, 13 trillion in mortgage debt? And the difference
from year 2000, from 1/3 of GDP in gov't spending to 1/2 of GDP today. gah..

like a roller coaster on the big climb slope up...ready to tip over but no track on the other side..


Last edited by Cloudy; August 30th, 2012 at 01:40 PM.
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Cloudy View Post
wow, is that read right? 15 trillion in personal debt, 13 trillion in mortgage debt? And the difference
from year 2000, from 1/3 of GDP in gov't spending to 1/2 of GDP today. gah..

like a roller coaster on the big climb slope up...ready to tip over but no track on the other side..

@Cloudy shocking isn't it. Look at the total national debt per person of $181,000 with interest of $12,000 per person. Makes you wonder if this can be turned around.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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liquidcci View Post
@Cloudy shocking isn't it. Look at the total national debt per person of $181,000 with interest of $12,000 per person. Makes you wonder if this can be turned around.

Debt amnesty?

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  #6 (permalink)
Fortitudo et Honor
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if you REALLY want to choke, you should check out our unfunded liabilities to medicare and social security.

We have a fiscal train wreck approaching that NO ONE (Democrats or Republicans) are interested in seriously addressing.

The Republican budget looks exactly like the Democrat budget, just slightly less growth rate of the debt.

Americans are stupid enough to buy a budget plan that extends out well beyond a politicians term of office, so if/when it doesn't pan out, they'll be long gone. And of course there's always the "crises" between here and then that can give them plenty of excuses on why it didn't work out the way they had planned.

Hell, the CBO (which is SUPPOSED to be a non-partisan agency) doesn't even use legit numbers and metrics.

The CBO does not account for tax policy affects to the economy ONE SINGLE BIT!

What does that mean? That means if you turned in a budget proposal for them to evaluate that had a personal income tax rate of 100%.....they'd send you back a projection that showed in the first year, you'd collect 100% of GDP in tax revenues (call it $15T for example purposes) then, in a shear display of brilliance, they'd project in year 2 that you'd collect $15.45T.....(using a project growth rate of 3%). Their projections do not account for the slowdown in economic activity or the fact that people would simply stop working altogether if the government robbed them 100% of their income.

So keep this in mind when you see CBO projections/comparisons between 2 different plans. 2 plans could be identical except for the tax rates and the CBO would do NOTHING to project the negative impacts of increasing taxes, either corporate, or individual, cap gains, none of them.

THEN, when you consider that the CBO projects totally ridiculous growth rates and interest rates...the whole charade is just dumb.

Congress and the executive branch are quite possible the worst financial managers in the history of the United States, but they put out some numbers and everyone goes....yeah, okay, great plan!

The ONLY major government excursion of the past 50 years to come in under budget was Medicare Part D (prescription drug benefit) simply because it involved vouchers which the beneficiary had to pick up a % of the tab, so beneficiaries actually shop around to find the best deals.

Every other venture, from wars, to social security, medicare, major cabinet budgets from DHS to FEMA, etc,,, EVERY SINGLE ONE COMES IN WAY OVER BUDGET....sometimes 10 or even 50 fold over budget.

The whole system is madness. The house is on fire and we're just continuing to watch dancing with the stars as if nothing is wrong.

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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All politicians should be forced to have that real time graphic as their screen saver. I am not so sure we can get out of this without crashing.

This makes me want to go buy some land and learn to farm as it may be the only way we all eat.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."

Last edited by liquidcci; August 30th, 2012 at 02:01 PM.
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RM99 View Post
if you REALLY want to choke, you should check out our unfunded liabilities to medicare and social security.

@RM99 Yep that number is shocking as that calculator shows over $1,000,000 unfunded liability per tax payer. To me that means programs are insolvent now and can't be fixed. Horrible but looks like we just need to scrap the whole thing to the junk heap. Hard truth but entitlements can't continue because we are broke.

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
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  #9 (permalink)
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liquidcci View Post
All politicians should be forced to have that real time graphic as their screen saver. I am not so sure we can get out of this without crashing.

Ya think?

What you don't realize is that they WANT it to crash. The next step toward a new, one world government is to crash the global economy and wreck the $USD so that Americans will be in such bad shape that we'll agree to new financial solutions (aka a new currency and/or bailouts from a coalition of international banks and governments).

The one world government agenda is real. It's not a joke or a conspiracy theory. But the PTB know that the only way you can make that stick in the $US is to start removing the American citizens rights to bear arms...start preparing with internment camps, military-style police forces etc.

While Americans sit idly by, the Department of Homeland Security is ordering 600 MILLION rounds of ammunition....dozens of "armored ambush vehicles" they've paved the way for 30 THOUSAND drone flights by 2020, the President just signed an executive order allowing him to indefinitely detain Americans without trial or charge or notification. FEMA has recently revamped their plans to include over 600 different "emergency" camps (aka internment camps).

The people are asleep and the government is preparing for the economic collapse. They know it's coming, they WANT it to come, which will push us right into the waiting arms of the UN and foreign banks. And if the people resist, they'll be thrown in internment camps. The difference between the US and Greece is that 1% of the American population represents the largest standing Army in the Western Hemisphere. Why do you think they're pushing so hard to get the UN small arms treaty rammed through? Why do you think the FBI and the government are trying so hard to foster and facilitate mass shootings? (so that they can scare the people into giving up on gun rights and keep sliding until only the police/government have them).

"A dumb man never learns. A smart man learns from his own failure and success. But a wise man learns from the failure and success of others."
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I pretty much believe that. The "batman" shooting however tragic was still used by the puppet media to deal another blow to gun rights. With the collapse, retail trading would certainly be finished. But that won't matter to the big banks/firms and governments that have their stockpiles of gold and their untaxed offshored stashes. Their wealth under the new one world currency would probably skyrocket. The citizenry are told to support the military, yet are pushed and brainwashed by the media and both parties to accept the illusion of total security. When in fact the citizenry also need to act like minutemen soldiers, keep their guns, and to vote like American citizens of old instead of just voting for themselves more pensions or government promises of security through reckless spending.

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