Over the past two centuries, 51 out of 52 countries that reached sovereign debt levels of 130% of GDP ended up "defaulting" [within 0 to 15 years], either through devaluation, inflation, restructuring, or outright nominal default. US GDP to debt ratio is currently at 131%. RIP USD. Long live #Bitcoin
11 sats \ 3 replies \ @k00b 25 Jul 2023
Which country is that 1 in 52?
I suspect that if you're a country in control of the world's reserve currency you can avoid default with a higher debt ratio.
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0 sats \ 2 replies \ @fiatdenier OP 25 Jul 2023
Japan. They keep printing more and more to pay off their debt and yet never defaulted
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0 sats \ 0 replies \ @TomK 26 Jul 2023
Majority of public debt is in the hands of their citizens and institutions. Makes them somewhat independent from foreign monetary politics
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0 sats \ 0 replies \ @ewok 25 Jul 2023
looks like you can plod along in low 200s% https://tradingeconomics.com/japan/government-debt-to-gdp
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