43,454,601,693,238 Reasons Why The World Is Broke - Presenting The Interactive Global Debt Clock

From:
Zero Hedge

By now everyone has had a chance to play with the US debt clock. But what about its global cousin? Courtesy of The Economist, we now have a convenient way to track the hundreds of millions in dollars added each and every hour by the global governments who see to spur global de-leveraging by, you guessed it, adding more debt.

Yes, in the process the world's sovereigns are transferring default risk away from global corporations to sovereigns, but few in the #OWS crowd appear to have yet figured out this rather disturbing and very insidious usurpation of sovereignty by the global "corporatocracy", so said risk and leverage transfer will continue until such time as any and all paper backed by these insolvent corporate shells (f/k/a countries) is completely worthless.

Regardless, one should not forget that like in the standalone case, the "debt clock" below only tracks on balance sheet debt. Should one add the NPV of all "welfare state" obligations (pensions, retirement, healthcare), the number will be well over quarter of a quadrillion dollars. Have fun funding that, never mind paying it off...

From:
The Economist

The clock is ticking. Every second, it seems, someone in the world takes on more debt. The idea of a debt clock for an individual nation is familiar to anyone who has been to Times Square in New York, where the American public shortfall is revealed. Our clock shows the global figure for all (or almost all) government debts in dollar terms.

Does it matter? After all, world governments owe the money to their own citizens, not to the Martians. But the rising total is important for two reasons. First, when debt rises faster than economic output (as it has been doing in recent years), higher government debt implies more state interference in the economy and higher taxes in the future. Second, debt must be rolled over at regular intervals. This creates a recurring popularity test for individual governments, rather as reality TV show contestants face a public phone vote every week. Fail that vote, as the Greek government did in early 2010, and the country can be plunged into imminent crisis. So the higher the global government debt total, the greater the risk of fiscal crisis, and the bigger the economic impact such crises will have.

_Notes:

_{This interactive map displays gross government debt for the globe. The clock covers 99% of the world based upon GDP.}
_{Debt figures are derived from national definitions and therefore may vary from country to country.}
_{The clock shows the estimated debt at the point corresponding to the current date and time in whatever year you are viewing; this is why it increases even when you view past or future years.}
_{The debt clock uses the latest available data, is updated on a quarterly basis and assumes that the fiscal year ends in December.}

NWO & Globalism :: 849 Views

NEWSLETTER SIGN-UP

Our newsletter is released only to notify you about the exclusive stories on the site, exclusive leads on investigations and alerts on projects like video documentaries released by New World Order Report

Email Address:

RADIO ARCHIVE

Click here to read Jonathan Elinoff's bio

Latest radio interviews:

4/29/2012 11AM - Jonathan Elinoff joins Craig Silvermann on the Ross Kaminsky Show on Denver's 850KOA to discuss the Pat Sullivan story, confession and newly released information

4/27/2012 6AM - Jonathan Elinoff a freelance videographer and investigator who broke the Pat Sullivan meth for sex story is in studio with Peter and Julie Hayden investigative journalist for Fox 31 joins Peter and Jonathan to discuss the ugly Pat Sullivan story. Is Pat Sullivan a smaller piece in a larger puzzle of deviant sexual corruption?

4/27/2012 7AM - The show continues to heat up this hour; Bryan Maass of CBS 4 News joins the show to provide his take on the Pat Sullivan interrogation tape. What did Pat Sullivan admit to and what accusations could be corroborated. Why did the District Attorneys decide to proceed with a plea deal instead of a trial? Julie Hayden, Jonathan Elinoff, Bryan Maass and Peter Boyles discuss what is true, what is just and did Pat receive a sweetheart deal, there is contention and disagreement about the Sullivan interrogation tape and the four engage in great discourse and discussion.

4/27/2012 8AM - Peter opens up the show to calls this hour and the lines light up with many listeners weighing in on the Pat Sullivan story. This hour has many voices, views and opinions and discussion between Peter, Jonathan and callers. What do you think about the sentencing that former Arapahoe County Sherriff Pat Sullivan received for his sex for meth scandal?

4/6/2012 6AM - Peter Boyles Show - Jonathan Elinoff the investigative reporter who was instrumental in breaking the Pat Sullivan meth for sex scandal joins Peter for the full hour to discuss his investigation into the dark world of drugs and male prostitution. Jonathan and Peter delve into the egregious story of sex, drugs, coercion, abuse of power and possible murder.

4/6/2012 8AM - Investigative reporter for Fox 31 Julie Hayden joins the show and John Elinoff returns to discuss the Pat Sullivan story and the possibility of a connection between Eric Harris and Dylan Klebold of the Columbine massacre. The Sullivan Story is sure to continue and seems to get stranger and more deviant.

4/6/2012 9AM - Tom Martino addresses a caller about the alleged sex trafficking that was observed in the Sullivan investigation at the start of the show...

4/4/2012 8AM - Peter Boyles Radio Show Interviews Jonathan Elinoff and Tom Martino about Pat Sullivan Meth for Sex Scandal

4/4/2012 9AM - Tom Martino continues the Peter Boyles Interview with Jonathan Elinoff and Tom Martino about Pat Sullivan Meth for Sex Scandal

4/4/2012 3PM - Caplis and Silverman Radio Show Interviews Jonathan Elinoff about the Pat Sullivan Meth for Sex Scandal

2/2/2012 3PM - Jonathan Elinoff interviewed on KGNU in Boulder and Denver Colorado about his investigation into former Sheriff Pat Sullivan in the "Meth for Sex" scandal, with host Shareef Aleem

12/16/2011 8AM - Peter Boyles Radio Show Interviews Jonathan Elinoff and Tom Martino with release of info

12/16/2011 7AM - Peter Boyles Radio Show Interviews Jonathan Elinoff and Tom Martino with release of info

12/2/2011 9AM - Tom Martino & The Troubleshooter Network Radio Show Interviews Jonathan Elinoff with release of info

12/1/2011 3PM - Caplis and Silverman Radio Show Interviews with release of info

12/1/2011 10AM - Tom Martino & The Troubleshooter Network Radio Show Interviews Jonathan Elinoff with release of info

12/1/2011 9AM - Tom Martino & The Troubleshooter Network Radio Show Interviews Jonathan Elinoff with release of info

12/1/2011 - 8AM - Peter Boyles Radio Show Interviews Jonathan Elinoff with release of info

11/30/2011 5PM - Caplis and Silverman Radio Show Interviews with release of info

11/30/2011 4PM - Caplis and Silverman Radio Show Interviews with release of info

11/30/2011 11AM - Tom Martino & The Troubleshooter Network Radio Show Interviews Jonathan Elinoff with release of info

11/30/2011 10AM - Tom Martino & The Troubleshooter Network Radio Show Interviews Jonathan Elinoff with release of info

11/30/2011 9AM - Tom Martino & The Troubleshooter Network Radio Show Interviews Jonathan Elinoff with release of info

11/30/2011 8AM - Peter Boyles Radio Show Interviews Jonathan Elinoff with release of info

11/30/2011 - Truth Jihad Radio with Kevin Barrett interviews Jonathan Elinoff on the following up with the now breaking story of Pat Sullivan and the scandal related to it

11/16/2011 - Truth Jihad Radio with Kevin Barrett interviews Jonathan Elinoff on the first breaking story of Pat Sullivan and the scandal related to it

9/22/2011 - Tom Martino Show with Special Guest Jonathan Elinoff: Discussion about underground facility at D.I.A.

9/8/2011 - Tom Martino Show with Special Guest Jonathan Elinoff: Tom Martino wakes up to 9/11

9/8/2011 - Peter Boyles Show with Special Guest Jonathan Elinoff: Discussion about the Core of Corruption sequels as well as 9/11 in general and Elinoff's research on it

1/27/2011 - WKRP with Host Rob McNealy with Guest Jonathan Elinoff, Editor of New World Order Report. Click here for the show information and bio Click here for the 1/27/2011 Show

To listen to any other radio interviews or archived radio shows, check our Archives section or click here.

SUPPORT US

&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;lt;br&amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;amp;gt;

New World Order Report is proud to offer our award winning documentary, Core of Corruption: In the Shadows. Click the ad below to order the DVD

Watch Core Of Corruption: In the Shadows for FREE Below: