Author Topic: What if our actual debt is 500% GDP?  (Read 1074 times)

Offline Artos

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What if our actual debt is 500% GDP?
« on: April 19, 2011, 03:47:27 PM »
http://www.pimco.com/EN/insights/pages/skunked.aspx

"As others, such as Pete Peterson of the Blackstone Group and Mary Meeker, have shown much better and for far longer than I, the true but unrecorded debt of the U.S. Treasury is not $9.1 trillion or even $11-12 trillion when Agency and Student Loan liabilities are thrown in, but $65 trillion more! This country appears to have an off-balance-sheet, unrecorded debt burden of close to 500% of GDP! We are out-Greeking the Greeks, dear reader."

Offline Louisiana Suvivor

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Re: What if our actual debt is 500% GDP?
« Reply #1 on: April 19, 2011, 04:00:07 PM »
something an old Korean once told me online after he stomped me in Star Craft. it goes great for the 500% GDP debt. And it went....."GG sir. it's ok to cry. that is all."