A recent report gave the debt ratio of the top debtor nations in the world today. I have transcribed the list and added comments of how these nations are currently doing in today's world.
1) Japan -- 213% of GDP----its economy has been DOA since the 1990s.
2) Greece--157%----riots are now common as people realize that they aren't getting theirs
3) Italy--129%---was just bailed out by the Euro Zone---we are now waiting for the shoe to drop
4) Iceland--121%---its dollar became worthless a few years ago
5) Ireland---120% ---was just bailed out by the Euro Zone---we are now waiting for the shoe to drop
6) Portugal---111%---a few riots and strikes, but was bailed out and now all is calm
7) United States--101%---you tell me what's in store for the US----
If the first 6 nations on the list have already had major problems, what do you think is in store for this nation over the next decade?
Enjoy!
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