"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
-~~Ludwig Von Mises
Looks like the effects of shoveling all that money into the War on Poverty.
Appears to be off by a factor of six. Does it include the expected debt of future commitments?
Hehe, that chart...damn. If that were real we would be in deep shit. Fortunately, it’s utter BS.
Where did you get that? Our currently debt is around 10 trillion with a 14 trillion GDP, roughly 70%. The worst of the major industrial countries is Japan at 180%. You should check your sources before posting cartoons like that.