Oil to solar ratio!

[Kevin D Pem]

Seems that frequently the https://www.usdebtclock.org/ has updated the things they display! Now they are reporting solar installations!!!

 

[Joe Hogan]

Interesting Stats, thank you for the link

 

[Rollin Ollen]

Seems that frequently the https://www.usdebtclock.org/ has updated the things they display! Now they are reporting solar installations!!!

If a countries Public Debt is more than 100% of their GDP should they not be declared BANKRUPT?

Darrell

 

[Joe Hogan]

If a countries Public Debt is more than 100% of their GDP should they not be declared BANKRUPT?

Darrell

Unlike a private business, a Central Bank can and does just create Inflation, i.e. prints money, which makes the accounting almost meaningless. $10,000 in 1960 was a good livable wage. Now it is not even enough for a good used car. Vietnam War Debt was just Inflated away.

 

[MemoriesByTheMile]

And they want inflation, clearly stating the target inflation percentage.
High enough to alleviate some debt value but low enough that people don’t complain about rising costs.

 

[Rollin Ollen]

Unlike a private business, a Central Bank can and does just create Inflation, i.e. prints money, which makes the accounting almost meaningless. $10,000 in 1960 was a good livable wage. Now it is not even enough for a good used car. Vietnam War Debt was just Inflated away.

Ya, I know that. My quote was intended to be tongue in cheek. Sadly, we, the public are just stuck with what the Governments spend no matter what.

 

[Kevin D Pem]

If a countries Public Debt is more than 100% of their GDP should they not be declared BANKRUPT?

Darrell

Now that's public record! Why you ask?

 

[Rollin Ollen]

Now that's public record! Why you ask?

Just making a tongue in cheek comment. I guess the smiley at the end wasn't the give away.

Darrell

 

[Rich W.]

disturbing…

I’ll try to unsee that Kevin

 

[Kevin D Pem]

disturbing…
View attachment 21332
I’ll try to unsee that Kevin

In the end everything will be alright!!! If you mouse over the many items an explanation window pops up!

My view has always been, it is better to know, and plan!!!