Thursday, September 17, 2009

Global Public Debt

Happy Malaysia Day! In 2009, the public debt per capita for Malaysia is USD3,340.86. In 2010, it is USD3,890.25 while in 2011, it is USD4,511.25! Growth by debt is goooood! How come we have so much oil and still in debt (and increasing too)? Where has our money gone to? Perhaps here.

The Economist has a very nice animation about the world's public debt. You can see how much is our debt as compared to our GDP. No wonder our money has no value. Is it MYR2.45 to a Sing now?

No comments: