We have stated here repeatedly that the US is Greece times 100. The graphic below demonstrates this as the US' per capita official government debt (not including $100 Trillion in unfunded liabilities) is worse than any of the PIIGS nations. Include the UK in the following graph, and what is the result?
FUK US PIIGS
7 comments:
will the last person to leave please turn off the lights.
We have debt thanks to world democracy and global economy!!!
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We have unrepayable debt because we reached for the stars and promised to pay for it with the proceeds when we arrived...unfortunately we are still light years away and the bills due. Now we only fight over who will be the recipient of the broken promises that the entire system in built upon.
its time for europe to remove the previlege of the north americans to own the world reserve currency....piigs are nothing compared with those LAZY AMERICANS... END THE USD... USA MUST WALK ALONE.
I would be interested to know how the per capita debt compares to average yearly salary. Yes, Americans owe more than anyone else, but how feasible is it for the average Greek to pay off 38K?
I would like to see UK's per capita debt ratio, I'm sure its off the chart. But you don't read about their debt because they're British.
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