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France's pension system (for public employees in particular) is in deep trouble, as our many of its other 'free lunch' policies. Its debt is looking similar to
by lend000 10y ago
France's pension system (for public employees in particular) is in deep trouble, as our many of its other 'free lunch' policies. Its debt is looking similar to Greece shortly before '09. http://www.tradingeconomics.com/france/government-debt-to-gdp http://www.tradingeconomics.com/france/government-debt-to-gd...
- cdavid 10y agoFWIW, that's lower than the US, and not that much higher than the UK (and we don't really know what is a good debt/gdp ratio). Also, those numbers are not directly comparable (e.g. in Germany a lot of what used to be counted as gvt is now private: the work done is the same, as are the obligations, but it appears in a different "bucket").
- lend000 10y agoIt is indeed worth something -- most western countries are in deep trouble. And yet many pundits predict a strong dollar under Trump... For the vast majority of these countries, virtually the only way to meet debt obligations over the next decade will require rapid debasement of the indebted currency. Get your gold mining stocks/Bitcoin while you can. Bad things will happen when the average person realizes what this means: https://fred.stlouisfed.org/series/WALCL https://fred.stlouisfed.org/series/WALCL