2015 interest payments on US private debt will exceed GDP.
End of empire is nigh.
- posted
12 years ago
1945 private debt equalled 2% of US GDP
2007 private debt equalled 121% of US GDP
2015 interest payments on US private debt will exceed GDP.
End of empire is nigh.
No in 2007 the US private sector debt was around 300% of GDP
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