According to recent Chicago Trib article the following debt exists as a percent of GDP:
Japan Iceland Italy Greece Belgium
197% 145% 127% 123% 105%
France US Canada Germany
92% 86% 82% 92%
How bad off are we? I duno. How bad off is everyone else? The same or worse. Possible solutions? World war?
How do you get a planet full of people to pull their head out of their ass?
Do you know where I can get a fiddle for the impending fire?
The first thing to do is to secure a place where you can play fiddle. It may be harder than getting a fiddle, because just about everywhere would be on fire.
"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