War, Oil And Debt: Which Threats To The US Economy Are Legit?

Authored by Brandon Smith via Alt-Market.us It’s the magic number, the line that’s not supposed to be crossed; when a nation’s public debt finally exceeds its GDP. Historically speaking, it’s not a sign of doom like many economists suggest. Numerous countries have sustained for decades with a ratio of well over 100% and many other factors have to be considered before it’s officially time to panic. Of course, there are some cautionary tales. Greece and Argentina are two examples. A number of developing countries shave been hit with precipitous decline after they hit the 100% mark. In the case of…