Post by
greendayyyy on Nov 17, 2023 10:36am
FED
Interesting figure for the United States. With a GDP of around $26.9 trillion, US debt is equivalent to around 137% of annual economic output. Historically, over the last 120 years, 98% of countries with a debt/GDP ratio in excess of 130% have gone bankrupt. Yet the FED continues to say that all is well. It's only a matter of time before everything explodes. Hold on to your shares.
Comment by
geezer21 on Nov 18, 2023 3:51am
In the very near term the Fed will have to start quantative easing.