Quote from: Elwar on January 29, 2015, 10:42:50 AM

Quote from: CoinCidental on January 29, 2015, 09:33:12 AM

Quote from: Elwar on January 29, 2015, 09:26:11 AM

It is strange that that map says the US debt is $14 trillion. It is over $18 trillion by now.

its not in their best interests to keep it updated ........its going to get bigger until it collapses
but nobody wants to say what happens when the music stops ......
just keep printing away is all they can do now .......imagine the compounded interest on 18+ trillion

Looking at Q3 2014 it shows that the debt to GDP ratio is over 100%. This is when bad things start to happen.

Greece passed 100% in 2005. The first austerity measures were implemented in 2010 by the EU to save the Greek economy.

The United States does not have an "EU" to implement austerity measures.

the US government can keep borrowing "new treasuries" from the "fed"
i dont see what else they can do and if anyone says no all the banks will fail at once ?
i read somewhere that debt to GDP is/ was at 108% recently so it maybe fucked even more than greece on paper anyway .....