In Europe, the country that has gone over the limit is Greece, Italy is at 130% as we speak. So we need to watch Italy closely.
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| Chart 1: Eurozone Debt to GDP |
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| Chart 2: U.S. Debt to GDP |
Thursday 4 April 2013
150% Debt to GDP
Posted on 16:13 by Unknown
On the Peter Schiff Show with Neeraj Chaudhary I learned about the 150% debt to GDP limit. If a government's debt goes above this limit, then there is no way the debt will be repaid. It's historic evidence.
In Europe, the country that has gone over the limit is Greece, Italy is at 130% as we speak. So we need to watch Italy closely.
The U.S. doesn't have much time left as debt is skyrocketing.
In Europe, the country that has gone over the limit is Greece, Italy is at 130% as we speak. So we need to watch Italy closely.
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