Even though federal debt has soared relative to GDP in the past decade, the burden of the debt is about as low as it's ever been. Still, the growth in debt does reflect some structural problems that are working to keep the economy from achieving its full potential.

Timing the U.S. debt implosion in advance is virtually impossible. Thus far, we've managed to [avoid such an event], however, this will not always be the case. If the U.S. does not deal with its debt problems now, we're guaranteed to go the way of the PIIGS, along with an episode of hyperinflation. That is THE issue for the U.S., as this situation would affect every man woman and child living in this country. [Let me explain further.] Words: 495

The madmen who are responsible for the coming economic disaster continue to behave as if they can manage to avoid it. Violating Einstein’s definition of insanity, they continue to apply the same poison that caused the problem. These fools believe they can manage complexities they do not understand. We are bigger fools for providing them the authority to indulge their hubris and wreak such damage.

It’s impossible to look at global debt stats & facts, or a single country’s national debt, in complete isolation. There are many factors to examine to best understand the impact of global debt on the economy and this infographic provides a clear-cut analysis of important global data, and it shows you the specifics of how much different countries of the world owe compared to their GDP. It’s simple, it’s straightforward, and it gives you everything you need to know.

We have lived through a credit induced holographic standard of living considered to be “normal”. Never...has a genuine lifestyle been funded continuously on credit. Each attempt always failed miserably. The only difference today is that more of the world is involved along with more credit used than ever before. The only logical conclusion is this latest credit experiment to fund lifestyle will fail on a far grander scale than ever before!

In the aftermath of the financial crisis of 2007–2009, analysts and prognosticators have argued over what will likely be the next big bubble: will it be in auto loans, in equities, government bonds, or even in housing again? In fact, the biggest risk facing financial markets may be the financial asset duration bubble. Let me explain why that may well be the case.

Drawing on a pool of more than 30 measures spanning financial data, surveys and political insights, the BlackRock Sovereign Risk Index below provides investors with a framework for tracking sovereign credit risk in 50 countries.

The United States government has now officially accumulated $19 trillion in debt but most of the mainstream new sources that have printed this news still aren't sounding the alarm. After all, what's another $1 trillion in debt when the government can just keep printing? The problem is, however, that the government owes most of this debt to you and, once the government is eventually pushed to default, you're going to be the one on the hook for it.

http://www.usdebtclock.org/ keeps running real time totals of estimated U.S. national debts and assets. Take a look! Links to debt clocks of other countries provided too.

The American Dream--characterized by plentiful jobs offering living wages, security and opportunities to get ahead--is over....Piling on debt is not a solution; it's simply a politically expedient method to forestall the crisis, while guaranteeing the eventual repricing will be even more severe because the debt load is then so much larger. If you think otherwise, I strongly recommend that you reduce your dosage of Delusionol.