Sera said -"looks like QE2 to be revised up to 4 trillion.. hmm USD tanking gold rallying...
wonder what 4 trillion crisp new notes looks like "
They may to ad another column soon ! this one only goes to 99 trillion ! LOL
The idea for the debt clock came from New York real estate developer Seymour Durst, who wanted to highlight the rising national debt. In 1989, he sponsored the installation of the first clock, which was erected on 42nd Street close to Times Square. At the time, the national debt remained under $3 trillion but was rising. The clock was temporarily switched off from 2000 to 2002 due to the debt actually falling during that period.
In 2004, the original clock was dismantled and replaced by the current clock at the new location one block away. In 2008, the U.S. national debt exceeded $10 trillion for the first time, leading to press reports that the clock had run out of digits.
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Sera said -"looks like QE2 to be revised up to 4 trillion.. hmm...
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