[Diana in Wisconsin]

Curious as to when the last time ANY country ran in the black? Anyone know?

http://www.usdebtclock.org/world-debt-clock.html

How on Earth is the World Economy even functional? And this isn’t even every Nation but according to this, CHINA has the least debt to GDP ratio! Yikes!

[wbarmy]

China does have that, but when they hit the end of their credit line, they will go into full blown civil war. Their peasants are already protesting in many districts against the horrible standard of living they have versus the cities.

[Buckeye McFrog]

Curious as to when the last time ANY country ran in the black? Anyone know? How on Earth is the World Economy even functional?

A point I have been trying to make on FR for years. EVERYBODY has a hand in the Ponzi scheme. NOBODY can afford for the music to stop, because there won't be nearly enough chairs. Hence EVERY nation and government on the planet has a deep vested interest in keeping the game of Three Card Monte going for as far into the future as the eye can see.

[MarchonDC09122009]

There’s no need for worry.
Recently a manchild economics PhD candidate just told us to lighten up about the economy, as follows:

“Today’s economy, fiscal and monetary policies are the result of a a new paradigm shift due to technology raising productivity levels to record levels.
Debt, be it national or personal, is of little consequence, now that Silicon valley innovation ROI outpaces overall liability from gov’t IOUs.”

Yup, the future’s so bright, I gotta wear shades...

RE: “Curious as to when the last time ANY country ran in the black? Anyone know?

http://www.usdebtclock.org/world-debt-clock.html

How on Earth is the World Economy even functional? And this isn’t even every Nation but according to this, CHINA has the least debt to GDP ratio! Yikes!”