Quote from: Denker on October 24, 2015, 08:32:15 AM

Quote from: RustyNomad on October 23, 2015, 08:14:33 PM

Quote from: americanpegasus on October 23, 2015, 07:54:41 PM

Quote from: markj113 on October 23, 2015, 07:31:41 PM

America's new debt ceiling - $19,600,000,000,000 (thats in the trillions if you were not sure)

Thats $60,000 debt for every man, woman and child in the country.

Ticking timebomb waiting to blow, keeping the gold nicely polished waiting for the day

Can anyone extend this graph out? At this insane exponential (possibly exponential²) growth, when will we hit a debt ceiling of 1 quadrillion? I think it will happen much sooner than we expect, possibly as soon as 2030 at the current rate of growth.

Doubt it will go that high, its already way past the unsustainable point as is. Also seriously doubt whether most of that debt will ever be paid back. The central banks bargain on the economy growing itself out of the debt but cannot see that happening. Not sure how they are going to get it sorted out, all I know is that something big is on its way and it ain't going to be a picnic.

Also, don't forget about Europe, Draghi is trying his level best to catch up on his own chart, don't like being left behind.

Here a nice comparison between the two.

Shit, how did we spend so much in 2016? I mean, 2017 wasn't exactly a parade either.