The last time Americam debt was at 3% of GDP in 1990 - 1991 our interest rates went up to 19% remember as i had just burt a house at that time so it is very clear to me.now U.S.A. debt is at 6.4% of GDP and going up so what does this say for interest rates at some stage they will go through the roof. That can not be to far away now as Asia is not liking the U.S.A. position but is not sure ho is going to lead the charge out of U.S.A. dollars. China would seen to be the best bet at this time as they are looking to internal savings and spending to grow there ecomony.
