Many Americans have seen the websites that contain the National Debt Clock, and the US's over $14 trillion in debt. Now we can add a new debt clock to the mix, only this one is a complete global debt clock, with a price tag of over $43 Trillion and growing.
In 2009, the global GDP was $58.26 Trillion dollars. So with the current global debt at $43 Trillion, the debt is now 74% of total GDP.
For countries like the US, their debt is 98-100% of GDP, making them insolvent. At the going rate of debt rising internationally, the entire world will be insolvent within 3-5 years.
Is it any wonder we are seeing an Arab Spring, riots in Europe, and Occupy Wall Street?