ML-Implode News - The burden of unsupportable debt. US debt-to-GDP growing at a pace rivaling certain European nations -- The dramatic problems of peak debt in 2012.

There has never been a time in our history where the entire global financial system was having a peak debt crisis simultaneously. We have had isolated or regional debt issues but nothing to current levels. The US debt is growing at a much quicker pace than our GDP even outpacing some of the Euro nations in crisis. For the moment in this fiat system, confidence is still here but will it remain with our massive costs that are coming online? The charts are scary and simply benefitting because others are failing is not exactly a good long-term plan

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The burden of unsupportable debt. US debt-to-GDP growing at a pace rivaling certain European nations -- The dramatic problems of peak debt in 2012.