10 votes

The Math - Soviet Union Collapse vs America. Debt to Wealth Ratio.

I'm tired of making the claim that America's financial collapse will be worse than the Soviet Union, so today I wanted to crunch the numbers. Bear with me if I have made a mistake somewhere and let me know so I can correct it.

Soviet Union 1990

-GDP $2.659 trillion (source Wikipedia)

-Gross External Debt $55 billion (source Wikipedia)

-Debt to GDP Ratio - 48% (source, my math)

America 2011

-GDP $15.1 Trillion (source Wikipedia)

-Current National Debt (2012) $15.8 trillion. (source Wikipedia)

-Current Debt to GDP ratio - 103% (source Wikipedia)

Then add the following.

-Unfunded Liabilities $62 Trillion, $520,000 per person. (source Romney Campaign 2011) http://www.politifact.com/florida/statements/2012/may/22/mit...

Other sources quote as high as 84 Trillion (daily caller)

-Total Debt America $77 Trillion (source, my math, Mitten's numbers)

-Total Debt to GDP Ratio - 513% (source, my math)

Does this make anyone else want to throw up?

Oh here's a little extra information, again from Wikipedia. http://en.wikipedia.org/wiki/United_States_public_debt
2/3rd's of the way down.

-International Debt Comparison

Gross Debt to GDP 2011

USA - 101.5%
Russia - 9.6%

WTF is going on with our country!!!???

Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

"...so that it can be comfortably merged with the Soviet Union."

Mr. Dodd, we operate here at the Ford Foundation under directives which emanate from the White House...We operate and control our grant-making policies…as follows: We shall use our grant-making power so as to alter life in the United States that it can be comfortably merged with the Soviet Union.

Rowan Gaither, President - Ford Foundation, 1952

It's real simple, we are becoming

the Soviet Union and they are becoming the land of the free! We are now the military agressors, they are becoming the peaceful arbitraters. We have neoComs, not 'cons' transforming us into a Trotskyite style Totalitarian Fascist state. Communism was useful in learning how to control the serfs, but terrible for creating capital. They now desire to make a Corporatist/Fascist Totalitarian government, where the corporations control the puppet government. We are presently being transformed into a modern day 'blade runner' type of serveilance police state, using their created fear of terrorism and their 'need to protect us' BS. I'm seeing hope that the foolish coopted Tea Party are seeing they have been had, but I'm not sure enough will 'see it' in time.

A monetary system built on debt

can have only one result, ..... ever increasing debt followed by repossesion.

Here is an interesting read defining the differences

in preparedness for collapse between US and USSR: