Relevant:
- The Greatest Financial Bubble in History
- Geithner: Fannie, Freddie Debt Isn’t Sovereign Debt
- Student debt crisis enters a tipping point -- Delinquent student debt now reaching record levels as defaults spike. Paying more and earning less.
- The Real Elephant in the Room
- 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.
2013-01-21 — theeconomiccollapseblog.com
The U.S. debt to GDP ratio has risen from 66.6 percent to 103 percent since 2007, and the U.S. government accumulated more new debt during Barack Obama's first term than it did under the first 42 U.S. presidents combined. This insane sovereign debt bubble will continue to expand until a day of reckoning arrives and the system implodes. Nobody knows exactly when that moment will be reached, but without a doubt it is coming.
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