We Have a Situation
U.S Debt to GDP
U.S.debt to GDP is 130%
Global debt to GDP is 350%
Anthony Pompliano, “The only way to service the debt is to debase the currency so they can pay off the debt with future devalued dollars. Regardless of political party we continue to raise the debt ceiling. We cannot pay back the debt and we are not growing GDP fast enough to service the debt. The incentive is to devalue the currency, to take on more debt and simply keep the game going. The only way to solve these long term problems is to have a first principles solution. We can either increase GDP growth or transition to money not based on debt.
Hope for the best, but prepare for the worst."
https://www.statista.com/chart/1505/americas-debt-ceiling-dilemma/
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