NAFI

Don't Worry, We've Had an Even Higher Debt to GDP Ratio Before

Man......what a bunch of sidewalk superintendant's! Everyone here seems to know that this is the 'big one!'

A few things to chew on................If the government fails it starts over with whatever the public debt is....paid for by the bonds that back it up. Our trade deficeit's are rectified with purchases of our debt by those countries that are profiting from the trade. The debt is a fallback plan invented becasue nothing lasts forever. Quit acting like a high debt is really a problem and realize having one, as far as fiat currency is concerned, is a good thing!

Supply and Demand. Government's do not make money off of each other, only private business's that are watched like hawks by all the parting governments can do this and the resulting influx of cash by the benefactor is rectified by spending that cash in their country by purchasing debt, or cash gift's which most moron countries seem to want the most. There is nothing to fear, but fear itself. Quit whining and pick your battles more precisely with what you know rather than what you have read in the paper.