The Coming Sovereign Debt Default?–USA = Portugal, Ireland and Italy, Greece, Spain = PIGS?–Videos

Posted on February 13, 2010. Filed under: Blogroll, Communications, Demographics, Economics, Education, Employment, Energy, Farming, Federal Government, Fiscal Policy, government, government spending, Health Care, history, Homes, Immigration, Investments, Law, liberty, Life, Links, media, Monetary Policy, Music, People, Philosophy, Programming, Psychology, Quotations, Raves, Regulations, Religion, Security, Strategy, Talk Radio, Taxes, Technology, Video, Wisdom | Tags: , , , , , , , , , , , , , , , , , , |

 

U.S Debt Clock Real Time

http://www.usdebtclock.org/

 

 Sovereign Debt: The Next Crisis – Marc Faber

2/11/10 Marc Faber Discusses Global Financial Markets on Bloomberg

 

Glenn Beck Show 02-11-10 SEG. 1 of 5 FULL PROGRAM 

Glenn Beck Show 02-11-10 SEG. 2 of 5 FULL PROGRAM

Glenn Beck Show 02-11-10 SEG. 3 of 5 FULL PROGRAM 

Glenn Beck Show 02-11-10 SEG. 4 of 5 FULL PROGRAM 

Glenn Beck Show 02-11-10 SEG. 5 of 5 FULL PROGRAM 

Background Articles and Videos  

  

2/10/10 Marc Faber talks Greece Bailouts on CNBC

Don’t Panic! The PIGS threaten Europe!

EUROPEAN PIGS

 

PIGS (economics)

“…PIGS is a ethnic slur[1] [2] [1], routinely used by the British and North American economic press to refer to Mediterranean countries. It is purported to be an acronym representing four countries of southern Europe: Portugal, Italy, Greece, and Spain. Sometimes, Ireland is listed in addition to or in lieu of Italy. 

Several news and economic organisations have denounced or banned the term.[3] 

The acronym was first used in 2008 by some British and North American journalists to refer to the Eurozone countries with lagging economic performance in the preceding few years.[4][5] They were perceived as lacking fiscal discipline and often ran large current account deficits, leading to concerns about the stability of the euro currency.[6] Additionally, they tend to suffer from high unemployment.[7] 

Shortly after being coined, an additional “I” was sometimes added to create the acronym “PIIGS”, with the additional letter referring to Ireland.[8] [9][10] Some Italian banks (such as Unicredit) have suggested that Italy be replaced with Ireland in the original four letter acronym, and American commentator Pat Buchanan did so in a February 2010 column.[11] According to Eric Nielsen, chief European economist at Goldman Sachs Group Inc. in London, “Italy is in a more comfortable position than the other Southern European countries because of a stronger balance sheet.”[12] …”

http://en.wikipedia.org/wiki/PIGS_(economics)

 Total National Debt
Fiscal Years 1900 to 2014
Year GDP-US
$ billion
Gross Public Debt-total
pct GDP
1900 20.6 10.37
1901 22.3 9.61
1902 24.1 17.70
1903 25.9 17.20
1904 25.7 18.18
1905 28.8 16.85
1906 31 16.43
1907 33.9 15.94
1908 30.1 19.20
1909 32.2 18.67
1910 33.4 18.74
1911 34.3 19.31
1912 37.4 18.70
1913 39.1 18.75
1914 36.5 21.23
1915 38.7 21.61
1916 49.6 19.00
1917 59.7 20.25
1918 75.8 28.47
1919 78.3 44.77
1920 88.4 38.86
1921 73.6 45.10
1922 73.4 45.06
1923 85.4 38.96
1924 86.9 38.03
1925 90.6 36.71
1926 96.9 34.48
1927 95.5 34.97
1928 97.4 34.15
1929 103.6 32.25
1930 91.2 36.76
1931 76.5 45.81
1932 58.7 65.91
1933 56.4 73.77
1934 66 69.67
1935 73.3 65.35
1936 83.8 63.55
1937 91.9 60.81
1938 86.1 65.74
1939 92.2 65.40
1940 101.4 62.38
1941 126.7 54.28
1942 161.9 56.68
1943 198.6 78.10
1944 219.8 99.40
1945 223.1 123.46
1946 222.3 128.40
1947 244.2 112.87
1948 269.1 100.69
1949 267.3 102.56
1950 293.8 95.80
1951 339.3 83.21
1952 358.3 80.72
1953 379.3 79.05
1954 380.4 81.54
1955 414.8 76.82
1956 437.4 73.53
1957 461.1 70.17
1958 467.2 71.60
1959 506.6 68.85
1960 526.4 67.68
1961 544.7 66.82
1962 585.6 64.72
1963 617.7 63.29
1964 663.6 60.87
1965 719.1 57.96
1966 787.7 54.20
1967 832.6 52.83
1968 909.8 51.52
1969 984.4 49.50
1970 1038.3 49.55
1971 1126.8 49.44
1972 1237.9 48.57
1973 1382.7 46.73
1974 1499.5 45.42
1975 1637.7 45.99
1976 1825.3 47.19
1977 2030.9 47.16
1978 2294.7 45.87
1979 2562.2 44.12
1980 2789.5 44.59
1981 3128.4 43.53
1982 3253.2 47.52
1983 3534.6 51.81
1984 3933.2 52.81
1985 4220.3 56.68
1986 4462.8 62.39
1987 4739.5 64.75
1988 5100.4 65.83
1989 5484.4 66.67
1990 5803.1 70.54
1991 5992.1 76.46
1992 6337.7 79.53
1993 6667.4 81.38
1994 7085.2 81.40
1995 7397.7 80.89
1996 7816.9 80.32
1997 8332.4 79.62
1998 8679.66 78.46
1999 9201.14 76.35
2000 9951.5 71.61
2001 10286.2 71.57
2002 10398.4 74.69
2003 11142.1 77.15
2004 11607 80.39
2005 12638.4 79.27
2006 13090.8 81.80
2007 14077.6 81.10
2008 14441.4 87.52
2009 14237.2 103.86
2010 14623.9 116.14
2011 15299 121.96
2012 16203.3 124.67
2013 17182.2 126.34
2014 18192.6 127.62

http://www.usgovernmentspending.com/downchart_gs.php?year=1900_2014&units=p&chart=H0-total&title=Total%20National%20Debt

Hearing on Foreign Holdings of U.S. Debt: Orszag’s Testimony

Davos Annual Meeting 2010 – The US Economic Outlook

Davos Annual Meeting 2010 – Global Economic Outlook

Davos Annual Meeting 2010 – Global Industry Outlook: Finance, Services and Media

Davos Annual Meeting 2010 – Global Industry Outlook: Heavy Industries

Davos Annual Meeting 2010 – Global Energy Outlook

Davos Annual Meeting 2010 – Global Industry Outlook: Health, Consumers, Tech and Travel

Davos Annual Meeting 2010 – Rethinking Market Capitalism

Davos Annual Meeting 2010 – Redesigning Financial Regulation

Davos Open Forum 2010 – After the Financial Crisis: Consequences and Lessons Learned

 

U.S Debt Clock Real Time

http://www.usdebtclock.org/

 

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Spain among PIGS and STUPIDs – a bit distateful
We all have our rights as country citizens
http://manuelno.wordpress.com/2010/03/03/spain-among-pigs-and-stupids-a-bit-distateful/


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