US Debt 421 % of GDP in a real scenario..

[renaissance12]

And they say my country is indebted...

“In fact, the US shale industry registered net negative free cash flows of $300 billion, impaired more than $450 billion of invested capital, and saw more than 190 bankruptcies since 2010.”


300 bilion + 450 bilion = 750 bilion lost in 10 years.. and the worst is yet to come...

At the start of 2020, North American oil and gas companies were staring down $200 billion in debt that was scheduled to mature over the next four years, including $41 billion this year...

The case of Chesapeake Energy is one of the most iconic. The company was once the largest shale gas producer in the country, and it borrowed tens of billions of dollars to buy land and drill at a frenzied pace. But it was never able outrun its mountain of debt. Last year, the company warned that it may not be able to continue as a going concern – and that was before the coronavirus pandemic and oil price collapse in march

[TheMaestro]

And they say my country is indebted...

Well yeah it is, but US is another level, although their economy is so big, they could go through it after some years, other countries are not capable of it. They also print their own currency in loads, there are many things we are not aware of what Americans and Chinese do.

[Zeno]

Well yeah it is, but US is another level, although their economy is so big, they could go through it after some years, other countries are not capable of it. They also print their own currency in loads, there are many things we are not aware of what Americans and Chinese do.

Printing their own currency would lead into inflation. Which is disastrous for debt.

[Zeno]

Well yeah it is, but US is another level, although their economy is so big, they could go through it after some years, other countries are not capable of it. They also print their own currency in loads, there are many things we are not aware of what Americans and Chinese do.

Also, them being a big country means nothing. They were a big country in 1929, and were crushed into oblivion.

[TheMaestro]

Printing their own currency would lead into inflation. Which is disastrous for debt.

They are doing it for ages, it still doesn't matter, since they slowly forced their own people to use credit cards everywhere, "wonder" why.

[TheMaestro]

Also, them being a big country means nothing. They were a big country in 1929, and were crushed into oblivion.

Big country has nothing to do with it, I didn't even mention that, it's their economy which is enormous.

[renaissance12]

They said: Lehman's Brother too big to fail...

[Zeno]

They are doing it for ages, it still doesn't matter, since they slowly forced their own people to use credit cards everywhere, "wonder" why.

Yeah, because of the interest rates rise up, it's game over.

Big country has nothing to do with it, I didn't even mention that, it's their economy which is enormous.

I was talking about their economy size. Despite their economy size, they can collapse into the abyss. See 1929. Au contraire, my country only suffered the 1929 crisis in 1932, and that even was dealt within 6-7 months.

[Rocinante]

United States debt right now is at 131%, and rising. The debt crisis of 2021 will be very painful.

[The Lawspeaker]

Richardson GMP portfolio manager Chris Kerlow speaks with Financial Post’s Larysa Harapyn about the company’s outlook on gold, equities, and other sectors, as the market starts its recovery. To read this story and more: https://business.financialpost.com/