A great infographic on debt around the world
From our friend Tim Iacono he posted this inforgraphic on his blog today. We chat about debt around the world on a regular basis but it is good to see it presented in the way below.
A World Drowning in Debt
don’t know the source of all the data presented in the chart below, recently stumbled upon in this item at the Confounded Interest blog, but nothing about it looks to be out of order. The only major shortfall would appear to be that China is not included and, after reading stories like this one, you have to wonder how they would stack up.
Everyone knows about Japan’s public debt, but the business and bank debt in the U.K. was a bit of a surprise to me. Also, it’s nice to see that our neighbors to the north have now caught up to the U.S. (or passed us – it’s hard to tell) as indebted spendthrifts.
Nations and DEBT will Marry and need a FLAG ! http://www.yournewlifeinchrist.com/new-world-order-flag-nasa-supports-replacing-american-flag-with-a-new-design/
Day are coming !!!!!!! THE POPE and the new LAWS ! The vatican say NO the jesuits say YES !http://www.theguardian.com/world/2015/may/26/vatican-ireland-gay-marriage-referendum-vote-defeat-for-humanity
And the TV party ! Day never STOP ! https://www.youtube.com/watch?v=58TxMRI31rA
Zijin Mining gourp and Barrick Announces Strategic Partnership Zijin UP 16 % http://money.cnn.com/news/newsfeeds/articles/marketwire/1196902.htm
Hillary LOVES GOLD MINING ??? http://www.newsmax.com/Newsfront/Hillary-Clinton-Tony-Rodham-Haiti-gold-mining/2015/03/06/id/628687/
Stealing from the poor, is not going to be ok, for her future……ROT HAM IN HELL…
THE QUEEN 2015 !!!!! EURO COMING ! https://www.youtube.com/watch?v=0v4-tV0EUS4
EU ! UK ! QUEEN ! https://www.youtube.com/watch?v=Qxe3RGhpFrk
MY Government MY MY MY GOLD ? https://www.youtube.com/watch?v=44lUUIRJ_X8
To analyze the above chart you need to invert the title of Adam Smith’s opus “An Inquiry into the Nature and Causes of the Wealth of Nations”. More and more when engaging in economic inquiry we are studying debt. Almost everything is debt. We therefore must inquire into “…….the Nature and Causes of the Debt of Nations.”
When the debt mirage disappears those holding true measures of wealth will prosper handsomely.