So Detroit is now Bankrupt...

[thranx]

darkknightkryta said:

thranx said:

I think every country is printing money, and deflating the values of their currencies. so while the dollar is worth less, so is every thing else, so in comparison they dont change much against each other. everyone just pays more for everything

This is true, but I don't think there's a country out there with the amount of debt that the U.S. is currently sitting on (11 Trillion and rising?).  I honestly don't see an explanation as to why prices of goods and services hasn't skyrocketed in relation with their money printing.

I could be wrong, but I believe Japan, and some European countries hold a higher debt to gdp ratio. not sure though