American citizens, our national debt is more or less almost 100 percent of GDP now, but was only 60 percent give or take 10 years ago, with a very recent sharp upward spike. fiddle with the values on this page (very good) to see
its now almost $40,000 per citizen now not including the crushing state debts such as California. Argentina and
Brazil had currency crises at lower GDP levels, time to wake up and tell your friends, or we will wake up some day and find out China and other countries are not buying our T-bills anymore. (China is at 18% debt to GDP- and they are bailing out our spending, shame on us!) When the rest of the world and China turn off the spigot maybe your nest egg will be worth 25 cents on the dollar or less and you will be saying “what happened?” I know this sounds crazy but what is crazy is $40,000 National debt per person when many are not making a living such as retired, children etc. It is a train wreck that we can avoid but cannot continue as the interest mounts. No entity can spend more than they make.
Lets not be another Argentina, read about their pain They were down to bartering goods, currency was worthless. Lets tell our elected officials we need higher taxes and lower spending! Because voters, nasty as that sounds, the Chinese will not piss away loans that we are reaching the point of not being able to repay, and remember look at the figures, they know more about finance than us…and we could default. Too bad, the dollar could have stayed the world currency but it won’t, we do not have the political will.
The Chinese Yuan will quietly become the international trading currency. Sad, we really had a good country here, and we are blowing it.

Follows. All earnings in a community is equal to the budget deficit (negative).
Sequence. You can not repay the loan in a profit, because you need an even bigger budget deficit and to cover the interest.
The following is a lot of different things. You may choose to conclude on.
These formulas are valid for the planet Earth, and explain the debt. Stupid is what we can see that it is impossible to repay the debt, but insisted on going in the same direction. Ask Bank of Engand why. Because we were stupid to allow them to. We are now debt slaves as payment for community income rising credit (budget deficit). We are now debt slaves where profit of community paying with credit (budget deficit).
Forgive me on a bad translation.

Greetings from the Croatian

Japan’s debt is sustainable because the interest rates for yen denominated debt is practically 0%. If you have a savings account with the Japan post office (the biggest bank in the world by pure deposits), then your interest rate is 0.0001% p.a. The Bank of Japan keeps its interest rates low and so it is really a borrower’s market now.

Here is another extreme example. Assuming you get a fixed rate mortgage over a 35-year period, can you guess what the interest rate on it is? About 2.8%…

I was wondering if any of you have seen international time-series data on the total debt (e.g. public+ private). As far as I know, only US FED provides this kind of data called “total credit market debt owed”. World’s Bank WDI also report public guaranteed debt as well as private non-guaranteed for developing economies, but strangely enough not for the developed ones.

thanks.