The National Debt Clock

[feedmelies]

UK national debt became £1000 billion today. Twice that, says the BBC, if the bank debt is included.

BBC News - Government debt rises to a record of £1tn

1 trillion is £16,000 debt for every man, woman and child in the state.
... Wimps.

Quite tame if you compare it to USA or even Germany. £16k pounds is equal to 25k$ - the respective figure in the US (debt per citizen) is almost 50k$ or twice that of the UK. 16k£ is 19k€, which is significantly less than the 24k€ debt for every frugal German.

[libertarian-right]

Short/Long Term Bonds. Deadline dates for repayment. This is the decade the NTMA is looking forward to.

4 billion will mature on the 11th November 2011.
6.6 billion will mature on the 5th March 2012.
6 billion will mature on the 18th April 2013.
Nearly 14 billion will mature on the 15th January 2014.
Nearly 10 billion will mature on the 18th April 2016.
9 billion will mature on the 18th October 2018.
8 billion will mature on the 18th June 2019.
14.5 billion will mature on the 18th April 2020.
5 billion will mature on the 18th October 2020.


14 billion is a huge one to tackle on the 15/01/14. All in store for the next government.

Sources:
http://ntma.ie/Publications/2010/Auctions2010.pdf
http://ntma.ie/Publications/2009/Auctions_2009.pdf
http://ntma.ie/GovernmentBonds/Daily...utstanding.pdf

As I stated, quite a lot of bond payments were being lumped onto a certain date in January in 2014. Now, the NTMA are attempting to swap some of these bonds out and push them until 2015 so there will not be a huge strain that month in the future. By that stage will be in bailout number 2.

NTMA move to test bond market mood - RT News

[Nemesiscorporation]

€ 120,653,623,000 at last look.

It is a figure of shame.

[gerhard dengler]

It costs €160 million per day to run this country of 4.4 million people.

[Ruff says Flaherty]

Is there any intergalactic lottery we could enter?

[fionnmccool]

Quite tame if you compare it to USA or even Germany. £16k pounds is equal to 25k$ - the respective figure in the US (debt per citizen) is almost 50k$ or twice that of the UK. 16k£ is 19k€, which is significantly less than the 24k€ debt for every frugal German.

The ''frugal'' Germans probably invested this borrowed money into factories and manufacturing stuff people want for export. If they had put all that money into property they'd be screwed but they didn't ... well apart from the money they gambled in the Banks which they are forcing us to pay back on their behalf. If we don't pay it back then they would end up with a realistic figure for their national debts.

[He3]

That "clock" as an indicator can only have an adverse effect on public consciousness regarding the state of the nation. Just a series of quickly escalating numbers, heading in the direction of total anarchy, will make many people, as it did me, just say "so what"?

You don't have to look at it.

[Q-Tours]

Not entirely on topic, but I pray your indulgence!

Work-related matters led me to watch the 2007 programme Future Shock - Property Crash, which finishes with a 'pre-construction' (so to speak) of a hypothetical property crash starting in late 2007. Cue portentous vocals and creepy-crawly background music.

Thing is, the doomsday scenario they portrayed would be a gazillion times better than what we ended up with.

Morbid curiosity led me to see what some of The Usual Suspects had to say about it, typified by this gem from the CIF.

I'm off to cry myself to sleep now. Gnight all.

[THE CROPPY BOY]

Looking for some help please !! Has anyone heard of these so called Financial Advisors, who have set themselves up lately with the guarantee of getting loans for people and fixing their Credit Rating. And charging exorbitent fees UPFRONT. I know quite a few who have parted with sums of €3000 upfront just on the promise of a conman that he will get them amounts of up to a MILLION from a Chinese investment fund. More to follow...................

[Mossy Heneberry]

Looking for some help please !! Has anyone heard of these so called Financial Advisors, who have set themselves up lately with the guarantee of getting loans for people and fixing their Credit Rating. And charging exorbitent fees UPFRONT. I know quite a few who have parted with sums of €3000 upfront just on the promise of a conman that he will get them amounts of up to a MILLION from a Chinese investment fund. More to follow...................

Fools and their money are easily parted.