Don't Worry, Our Friends Are Still Lending Us Money

The US recently broke the 100% Debt-to-GDP barrier last year and is now well on its way to 102% within a few months of that triple-digit accomplishment.

Who's lending the US Treasury money you ask? One, the US Federal Reserve. Two, Japan. Three, the UK.

Seems like China and Russia no longer feel like lending us money any longer. Maybe it's because losing 2% to 3% per year through US inflation isn't appealing. Maybe they're tired of the dollar standard. Maybe they prefer to buy hard assets in a money-printing world.

Uh oh... It seems we may have a problem. The UK is almost at 1,000% Debt-to-GDP when including its financial, non-financial, government, and household debt! Japan is past 600%. I'm no rocket scientist, but having a broke person borrow from "broker-er" friends is probably not a good idea.

Maybe we can get our Swedish, Norwegian, Swiss, Australian, and Canadian friends to start buying up some US Treasuries...

Source: http://www.zerohedge.com/news/us-debt-gdp-passes-101-global-debt-ponzi-enters-its-final-stages

Source: http://www.usdebtclock.org/world-debt-clock.html