Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Monday, February 8, 2010
U.S. always spends more than it makes
Yes the U.S.A has borrowed its way to "superpowerhood", not achieved it from hard work and talent as the population likes to believe. The U.S has only had 8 years since 1930 where they have not borrowed ridiculous amounts of money to finance their unsustainable "growth".
Saturday, January 30, 2010
Vivienne Westwood's new line "homeless chic"!

In a scene that seems straight out of a Bruno piece, Vivienne Westwood, noted fashion designer, released her newest line of haute-couture clothing inspired by homeless 'fashion'.
Sunday, November 8, 2009
Capitalism flawed system, says majority
BBC reports that a large majority of people in a survey of 27 countries think that capitalism is not working.
Tags:
debt,
development,
economics,
international trade,
Politics
Wednesday, July 29, 2009
National debt as a percentage of GDP world map

This is a map of national debt shown as a percentage of GDP. I guess GDP includes yearly interest from loans these countries have loaned to others, but not the full expected return, which would change the accuracy a lot, but I could be wrong.
It looks like the idea of borrowing your way into a prosperous country in a competitive international economy seems to be a popular way of getting a leg-up as lots of "richer" countries carry a 60% or so debt.
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