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Saturday, December 07, 2013

Pope Francis Prophecies About America

56. ...A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules. Debt and the accumulation of interest also make it difficult for countries to realize the potential of their own economies and keep citizens from enjoying their real purchasing power. To all this we can add widespread corruption and self-serving tax evasion, which have taken on worldwide dimensions. The thirst for power and possessions knows no limits....

Here is America's debt as a percentage of GDP over the course of its history:

What comprises America's debt:


Here is America's government debt as a percentage of GDP, compared to other countries:

America, Europe, Canada, Sudan, Eritrea: how long do you think we can keep this up?

1 comment:

Jim Dorchak said...

I do not think that they can keep it up. That is why I moved to Chile which has a 10% surplus ie. no debt at all! None, nada, zip. It is freer, safer and now cheaper.
Jim Dorchak