The current national debt is above $10 trillion, while the GDP is about ...
Suggestion by Gunste24 on 2009-02-09 21:17:00
The current national debt is above $10 trillion, while the GDP is about $14 trillion. That gives us a debt ratio of 70%, which is worse than many nations in real trouble. On top of that, our trade deficit runs at 6% of GDP. Currently, the government plans to issue at least another trillion in debt in the next year or two.
How will the US get out of this debt cycle? A very likely method is to inflate our way out in an effort to lower our indebtedness. Who will loose?
Anyone with dollar assets -the Chinese, Japanese.....and we ourselves.
Almost the entire world is running at a deficit, tending to make inflation a real possibility; perhaps even hyperinflation.
Where does none put ones wealth?
Real estate? Gold? Government debt? Dollars or Euros?
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Hyper inflation IS NOT defined as 10%+. That may be uncomfortable, but i...
Suggestion by 205.250.107.37 on 2008-11-04 05:11:10
Hyper inflation IS NOT defined as 10%+. That may be uncomfortable, but isn't anywhere near "hyper". I think your author may have meant 10% per month, or perhaps 100% per year.
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