Static means that you don't have to create an instance of the class to use the methods or variables associated with the class. In your example, you could call:
Hello.main(new String[]()) //main(...) is declared as a static function in the Hello class
directly, instead of:
Hello h = new Hello();
h.main(new String[]()); //main(...) is a non-static function linked with the "h" variable
From inside a static method (which belongs to a class) you cannot access any members which are not static, since their values depend on your instantiation of the class. A non-static Clock object, which is an instance member, would have a different value/reference for each instance of your Hello class, and therefore you could not access it from the static portion of the class.