US ‘National Debt’ Clock, as at 20 October 2012

Today, the so-called ‘national debt’ is at $37.5 trillion, and the United States of America still hasn’t gone broke!

They’re impossibly vast figures, so when is this terrificly-owed amount actually going to send America broke?

Well it’s all BS, because tallying up US deficits doesn’t equate to national debt as the debt clock’s designer, real estate guru Seymour Durst, endeavoured to say (as a typical proponent of neoliberal ‘austerity’ and a man who was blind to the devastation regularly generated by escalating land prices).

So, if it won’t be the ‘national debt’ brings the USA down, as put forward by politicians, banking and the media, what will do so?

It will be all the really impossible mortgage debt, once again – i.e. as in 2008. However, we’re not permitted to discuss private debt levels and real estate spec in economies run by financiers – until after the bubble bursts!

And, if amid all the wars, social division and protests that are occurring, you’ve not yet realised it – the financial depression looms closely!

Then we will bail out the banking and all the big speculative miscreants for their misdeeds because they’re too big to fail!

God save us!