World Interrupted - by debt

Every time you hear that someone on this planet is spending another $1Tn, that means they need $150 from every man, woman and child on the planet. Unfortunately, 80% of the people on this planet don’t have $150, so that pretty much kicks the bill up to the 1Bn of us who can pay it at $1,000 each. If you are unfortunate enough to live in a small country like America, with only 300M people, when your Government runs a $1.5Tn annual deficit like ours does, that means they will be needing all 300M of us to send in $5,000 to cover the shortfall. If we don’t pay it now - then we’ll have to pay it later, plus the prevailing rates of interest.

SHOOT: It's happening.

clipped from seekingalpha.com Greece needs $15.6Bn by the end of May and that much again in August and November. Seven-year notes sold by the government this week fell even after the European Union and the International Monetary Fund crafted an aid package that would be triggered should the nation be unable to raise sufficient cash from capital markets to cover its financing needs. To recap so far - Emerging markets need money, Greece, Dubai, Ireland, England, Spain, Turkey, Portugal and lots of other countries we don’t care about need money, the US needs so much money it’s almost impossible to conceive of (but here’s a video that helps and another fun one). China’s Treasury purchases have already fallen for three consecutive months, to $889 billion at the end of January, according to U.S. Treasury Department data. What? China won’t even give us a lousy Trillion? OK then, who can we tap out next? We already killed Japan…