National debt

I haven't been able to find a central source for national debt figures by country, so here is a list I compiled from the most up to date sources I could find for some selected countries. If you know of figures for a country you would like me to add please /msg me (for now I think I'll add one for every letter of the alphabet).

• Agrentina - Argentina has a $130 billion US dollar national public debt. Argentina borrowed heavily in the past when its economy was good, but after years of recession it can no longer handle it's massive debt load. The government has been forced to sell off and privatize nearly all its assets, but even with these drastic measures the debt has continued to rise. Argentina is currently on the brink of defaulting on the largest debt in history, and only a last minute restructuring prevented this from happening earlier this year.

  (Figures from http://www.businessweek.com - current to 2001.)

• Brazil - Brazil has a net public debt of $250 billion US dollars. $135 billion of this is held by the federal government, $100 billion by state governments, and $10 billion by state owned firms.

  (Figures from http://ecen.com/statis_/datadebt.htm, and current as of 1998.)

• Canada - Canada has a national federal debt of around $580 billion Canadian dollars - or around $370 billion American. The total combined debt for all levels of government (federal, provincial, and municipal) is estimated at around 3.5 trillion dollars Canadian. That works out to around $115 000 Canadian per citizen - or $240 000 per taxpayer.

  (All figures from the Fraser Institute - http://www.fraserinstitute.ca - so they should probably be taken with a grain of salt. Figures current as of 1999. Debt should be slightly lower today as nearly all levels of government have been enjoying surpluses and have been paying down debt for the past few years.)

...looking for a relatively recent figure for Denmark's public debt (it's big, I know that)... if anyone knows it please /msg me. Also, I don't need foreign debt figures, those are relatively easy to find :)

A banknote is 100 microns thick. A million microns, or a stack of 10,000 $100 banknotes (worth a million dollars), makes up a metre. So think : one million dollars is a metre, and this is assuming the notes are completely flat and not crinkly like how your Monopoly money is.

One hundred $100 notes (worth $10,000) would make up a centimetre high wad. Make it a metre high, and it now consists of 10,000 notes worth a million dollars. Be adventurous and pile it a kilometer high - that's ten million notes worth a billion dollars.

Such big numbers become harder to scale, but you have to still realise that a trillion is still a few powers bigger than a billion. Ultimately, to pay off the national debt you would need a 7,019 kilometre high pile of Benjamins.

A banknote, regardless of denomination, weighs one gram. The counter of the bank that will accept repayment better be capable of supporting the weight of a money bag weighing in excess of seventy thousand metric tonnes. The SS Titanic by comparison, weighed 41,731 metric tonnes. And you can multiply the weight by a hundred if you choose to pay in single dollar bills.

If you thought Uncle Scrooge's money bin was fanciful, it is still peanuts compared to the kind of voluminous vault the receiving bank will need to store it. A banknote's dimensions is 66.2 mm by 155.956 mm, and consists of 103.242872 square centimetres in area. If you laid down what was owed by America in the form of single dollar bills, you would need about 680,000 square kilometres spare. Myanmar would fit nicely.

Or in the tradition of porting money around discretely to a secret rendezvous, you would have to find a toilet stall or underground parking lot which could accomodate a 8.5km x 4km x 2km briefcase, filled up with non-sequential $100 notes.

ref: www.moneyfactory.com/document.cfm/18/106
www.brillig.com/debt_clock