Macro Themes II

Sovereign Debt

Government debt as a percentage of GDP

Japanese Public Debt to GDP: 1996 - 2010

United State Public Debt to GDP: 1996 – 2010

UK Public Debt as a percentage of GDP since 1692

US Government Debt as a percentage of GDP since 1792

Sovereign Debt: 1800-2008, Inflation and Default: 1900-2007

Total US Credit Market Debt in Gold Terms