Marcus Brutus said:

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Our debt to GDP ratio is 130%. We are toast.

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Whoever bought government bonds are toast.

We are fine

Fear InoculAg said:

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Marcus Brutus said:

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Our debt to GDP ratio is 130%. We are toast.

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Wait. What if we just print 130% of our GDP in new dollars, and then pay off all our debt with it? Then we will be debt free,

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David Wallace said:

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HumpitPuryear said:

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David Wallace said:

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Yes. We seem to be able to print more money without any serious consequences. The USA is "too big to fail".

People keep predicting that there will be a global economic crash, but it seems like most of the world's governments are in the RED and yet still going...

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10% annual inflation is a pretty serious consequence

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The US is the worlds #1 Economy. We live in a global market. Everyone in the entire world has a vested interest in seeing the top producing nations continue to thrive, produce and consume. That means we all must keep putting value in the paper currencies of the world. Print Print Print...nothing will change.


I don't even know how the "world collapses" at this point. It cant and it wont because we all must continue to produce and consume. As long as there a people willing to work to produce and then to consume the world will keep going. Period. Never-ending.

Repeat Repeat Repeat.

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The key driver of economic growth we aren't talking about is population growth. All periods of growth have been driven by a growing consumer base vis a vis a growing population to the point where it's safe to say we don't have an economic model for economic growth that doesn't include a growing population. Yet here we are with all of the following being true:

- China is shrinking and will halve itself in the next 50 years or less
- Most European nations are at or near peaks and are or will soon be shrinking.
- The US is relatively balanced but every generation under the boomers is smaller than that generation so as they die off we'll start shrinking too.
- As China fails manufacturing is moving out of that country and in to places like Mexico which is great for us in a lot of ways but already we see Mexico's demographics flatten out such that they will look like us in 1-2 generations.
- The only real growth we see is in Africa which is about to stop as severe food shortages hits that continent the hardest.

Remember where I started, we don't have an economic model that doesn't involve population growth and there's really nowhere on earth that matters where we see substantial growth. Economic growth needs consumers and in a world with shrinking populations that means fewer consumers literally every year as people age.

So what does collapse look like? That's it.