Re: When US debt ceiling is lifted . . .

Quote from: CurbsideProphet on July 15, 2011, 09:43:39 PM

Quote from: JohnDoeZ on July 15, 2011, 09:33:00 PM

what is gonna happen if us debt > us gdp ?
japan looks ok to me Huh

any thoughts ?

It's already happened twice in recent history. During World War II and the 2008 financial crisis.

so US is never gonna pass 100% because US is the printer machine ? = usd inflation ?
Iam not accountant so really don't know.
is my conclusion correct ?