Bloomberg: America’s Looming Debt Spiral

[StraightEdge]

I have written many times in this forum about this (like here); looks like some people are going to get a reality check in few years.

Debt now -

 

[epebble]

I have written many times in this forum about this (like here); looks like some people are going to get a reality check in few years.

Debt now -

View attachment 956915

You want something even scarier? (it is only a month to Halloween), we are not even the worst:

Government debt as a percentage of GDP in 2022​

Japan

261.289

Greece

177.434

Italy

144.696

Singapore

134.159

United States

134.1

 

[tower9]

Inflation is America's way of wiping out its debt. As the dollar loses its value, the debt also becomes smaller.

 

[CallSignMaverick]

Inflation is America's way of wiping out its debt. As the dollar loses its value, the debt also becomes smaller.

How?

 

[epebble]

How?

You pay back your debts with cheaper money. BTW, it is not 'America's way'; it has been practiced since ancient times. It is known as Debasement of money. Even China is doing it, by maintaining near parity with USD and not allowing it to raise.

Debasement - Wikipedia

en.wikipedia.org