TKL: How bad has the US debt crisis become? The US Debt-to-GDP ratio just hit 121%, the highest since 2021.

This ratio has DOUBLED over the last 16 years.

To put this into perspective, during WWII US Debt-to-GDP peaked at 119%.

This all comes as federal debt has skyrocketed by $26.6 TRILLION and nearly TRIPLED since 2008.

By comparison, the economy has grown by $14.6 trillion, or $12 trillion less.

Meanwhile, the CBO forecasts the US Debt-to-GDP ratio will reach near a record 131% in 2034 assuming there will be no recession.

What happens if a recession hits?

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🇨🇳 China’s consumer inflation has fallen to near zero, adding to fears of a long-term deflationary slowdown despite continued government

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