Total debt owed in the US (sovereign, private, pensions, Medicare, social security etc) > 1,100% of the country’s GDP
https://twitter.com/OccupyWisdom/status/999660045704073216 Italy 🇮🇹 Euro liabilities of Financial System 24% of GDP, Debt to GDP 132% with short term maturities above 20% of GDP. Populists think they will exit the euro, print Lira and increase pensions, spending, salaries and export more …