The recent economic woes that has gripped the whole world recently has been a subject I have followed quite diligently. And when I find some time to do a writeup on my thoughts on the matter I will.
However for now I want to highlight a fact that I just learnt about today. A scarry one at that!
The story goes something like this:
There is a ‘clock’ in New York that’s called The National Debt Clock. It’s purpose is to track and display the current standing of the US national dept.
The problem: The clock only has tracking capability to the value of 10 trillion.
Why is that a problem: The US national Debt just crossed the 10 trillion mark and now stands at the grand sum of USD 10.2 trillion!
Yup… the shit has most definately hit the fan!
