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America’s Debt-to-GDP Ratio: 100%

Written by Gary North on December 5, 2011

Well, we don’t know for sure. The numbers are rising too fast. But it’s close. If it isn’t 100% today, it will be by Christmas.

The debt is raging ahead: $100 billion a month. The GDP increase is far more modest.

We can see where this is headed. The old rule was that 100% was an alarm bell. Well, it will go off this month.

We know the brick wall is looming closer. A recession will speed up the process.

This would have been inconceivable five years ago. But our world has changed. Investors shrug off all this. “It used to be important, but not today.” Why isn’t it important today? They never say.

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