Marcus Brutus said:
Our debt to GDP ratio is 130%. We are toast.
Whoever bought government bonds are toast.
We are fine
Marcus Brutus said:
Our debt to GDP ratio is 130%. We are toast.
Fear InoculAg said:Marcus Brutus said:
Our debt to GDP ratio is 130%. We are toast.
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,
David Wallace said:HumpitPuryear said:David Wallace said:
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...
10% annual inflation is a pretty serious consequence
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.