Global Debt

Everyone knows that the United States is in Debt. In fact we are in a lot of debt to various countries around the world. But is that debt just a ticking time bomb that will blow up and bring the United States Economy with it? Will the United States of America need to start filing bankruptcy.

Put this infographic on your site using the code below:

Breaking News: Global Debt a Ticking Time Bomb?

U.S. Debt - Head under water?

Everyone knows that the United State is in debt. In fact, the U.S. is in a lot of debt...

The U.S. is currently in the hole: $13,462,000,000,000.

To spend $13.462 trillion you would have to spend:

$1,000.00 a day since our universe began.
$360,000.00 a day since the first Homo sapiens walked the earth.
$18,000,000.00 a day since Christ's birth.
$60,000,000,000.00 a day since the U.S. declared its independence.

Top 10 Astronomically Massive Debts

It is difficult to comprehend the enormity of the debts that many countries have incurred. Consider this: If you lined up every dollar bill the U.S. is indebted from end to end... It would stretch far beyond Mars and nearly to Uranus.

#1 United States: $13.45 Trillion
#2 United Kingdom: $9.08 Trillion
#3 Germany: $5.21 Trillion
#4 France: $5.02 Trillion
#5 Netherlands: $3.73 Trillion
#6 Spain: $2.41 Trillion
#7 Ireland: $2.29 Trillion
#8 Japan: $2.13 Trillion
#9 Luxembourg: $1.99 Trillion
#10 Switzerland: $1.34 Trillion

Debt vs. GDP: Can they pay their debt?

According to World Bank and the International Monetary Fund, a nation is no longer achieving external debt sustainability when their debt becomes more than 250% of their GDP.

In other words, they probably won't be paying it off any time soon... if ever.

Countries with Highest Ratio of Debt to GDP

#1 Ireland: 1267% ($126,126 per capita)
#2 Switzerland: 423% ($176,045 per capita)
#3 United Kingdom: 408% ($148,702 per capita)
#4 Netherlands: 365% ($146,703 per capita)
#5 Belgium: 320% ($119,681 per capita)
#6 Denmark: 298% ($110,422 per capita)
#7 Austria: 253% ($101,387 per capita)
#20 United States: 94% ($43,793 per capita)

Who Owns American Debt?

Holding us Back like a Ball and Chain

Being more than 13 Trillion dollars in debt, the U.S. owes a lots of money to many different countries. Here are some of the largest U.S. external debt holders.

Switzerland: $100.1 Billion
Russia: $123.4 Billion

Taiwan: $128.6 Billion

Hong Kong: $141 Billion

Brazil: $158.4 Billion

Caribbean Banking Centers*: $165.2 Billion

Oil Exporters**: $223 Billion

United Kingdom: $362 Billion

Japan: $803.2 Billion

China (Mainland): $843.7 Billion

*Caribbean Banking Centers: Bahamas, Bermuda, Cayman Islands, Netherlands Antilles and Panama

**Oil Exporters: Ecuador, Venezuela, Indonesia, Bahrain, Iran, Iraq, Kuwait, Oman, Qatar, Saudi Arabia, the United Arab Emirates, Algeria, Gabon, Libya and Nigeria

Related Information:

PAID ATTORNEY ADVERTISEMENT: THIS WEB SITE IS A GROUP ADVERTISEMENT AND THE PARTICIPATING ATTORNEYS ARE INCLUDED BECAUSE THEY PAY AN ADVERTISING FEE. It is not a lawyer referral service or prepaid legal services plan. Total Bankruptcy is not a law firm. Total Bankruptcy does not endorse or recommend any lawyer or law firm who participates in the network. It does not make any representation and has not made any judgment as to the qualifications, expertise or credentials of any participating lawyer. No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. The information contained herein is not legal advice. Any information you submit to Total Bankruptcy may not be protected by attorney-client privilege. All photos are of models and do not depict clients. All case evaluations are performed by participating attorneys. An attorney responsible for the content of this Site is Kevin W. Chern, Esq., licensed in Illinois with offices at 25 East Washington, Suite 510, Chicago, Illinois 60602. To see the attorney in your area who is responsible for this advertisement, please click here, or call 866-200-8052.

If you live in Florida, Mississippi, Missouri, New York or Wyoming, please click here for additional information.

By an Act of Congress and the President of the United States, we are a federal Debt Relief Agency. Attorneys and/or law firms promoted through this Web site are also federally designated Debt Relief Agencies. They help people file for relief under the U.S. Bankruptcy Code. Disclosures Required Under the U.S. Bankruptcy Code.