The US national debt is currently $6,728,939,818,459.65

This is a discussion on The US national debt is currently $6,728,939,818,459.65 within the Economic & Fundamental Analysis forums, part of the Methods category; http://www.brillig.com/debt_clock/ opps, make that $6,728,944,983,224.58 we're screwed...

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Old Jul 21, 2003, 3:37pm   #1
 
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Thumbs down The US national debt is currently $6,728,939,818,459.65

http://www.brillig.com/debt_clock/

opps, make that $6,728,944,983,224.58

we're screwed Click the image to open in full size.
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Old Jul 21, 2003, 4:25pm   #2
 
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Indeed, bye bye $
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Old Jul 21, 2003, 10:25pm   #3
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Did I not read somewhere that the UK is still paying many millions
PA to the USA on WW2 war loans raised by a very partisan wall street circa 1940??
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Old Apr 9, 2005, 9:26pm   #4
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If The UK is still paying for the WW2 debts, heck, at least their paying something. The Italians never repaid back a a penny, besides pocketing the $100 million that president Truman lent them.
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Old Apr 13, 2005, 3:06pm   #5
 
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Hey. Cultural imperialism doesn't come cheap . . .
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Old Feb 3, 2006, 7:59pm   #6
 
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Update 3 rd feb 2006, will it hit the big 10.

A whopping, $8,202,916,422,126.14

how big can this number get, Think they need to hike taxes to get this baby under control....... or is it too late?

hmm 1 st world debt write off, theres an idea. and worringly enough I think the people would buy into that one. I mean the lenders have had more than their share of interest, so bugger em. US. default and battern down the hatches, wheres the bunker.

lets throw a concert.

seriously though, where is it all leading to ? anyone, carried out more detailed analysis on these matters, care to put your view forward. ?
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Old Feb 3, 2006, 8:09pm   #7
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Who is it all owed to ?


Paul
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Old Feb 3, 2006, 8:23pm   #8
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The WWII war loans from the US were finally paid off a couple of years ago. It's WWI and the Napoleonic Wars we're still paying for ...

AFAIK the biggest holders of US Treasuries are the Japanese government and banks, but every government and bank in the entire world is a holder. As well as pension funds, insurance companies etc etc. There's enough to go round ...

It is a very large number. There is an electronic billboard in Times Square where you can watch it go up in real-time, which is fun.
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Old Feb 3, 2006, 8:33pm   #9
 
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Quote:
Originally Posted by Trader333
Who is it all owed to ?


Paul
the financiers, private banking such as the Fed Reserve. as far as I understand it.
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Old Feb 3, 2006, 8:48pm   #10
 
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Quote:
Originally Posted by fxmarkets
the financiers, private banking such as the Fed Reserve. as far as I understand it.
Inflation will solve the debt problem and screw the holders of debt eg: bondholders.
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