Debt Crisis Central: Lets Not Forget About AmericaAs the situation in Puerto Rico has recently revealed, Greece is not alone. The world is filled with debt-laden nations, many of which may never be able to pay down their liabilities. As for which countries are worse off than others, a recent article from The Guardian happens to reveal which of the worlds nations are on the fast track to a debt crisis. As I read it, however, there was a country that was suspiciously missing from the list. Can you spot this missing debt junky? (Hint: its America. The answer is always America.) New analysis by the Jubilee Debt Campaign reveals that Greeces plight is far from unique: more than 20 other countries are also wrestling with their own debt crises. Many more, from Senegal to Laos, lie in a debt danger zone, where an economic downturn or a sudden jump in interest rates on world debt markets could lead to disaster Jubilees analysis defines countries as at high risk of a government debt crisis if they have net debt higher than 30% of GDP, a current-account deficit of over 5% of GDP and future debt repayments worth more than 10% of government revenue. We estimate that 14 countries are rapidly heading towards new government debt crises, based on their large external debts, large and persistent current account deficits, and high projected future government debt payments, it says Countries at high risk of government external debt crisis: Countries currently in government external debt crisis: And, yet, the United States gets a pass. How on Earth did that happen? Currently its estimated that the US has the same debt-to-GDP ratio that it had during the middle of World War Two. Not to mention that our unfunded liabilities rest at around $127 trillion and rising. Theres no way that we will ever pay that off, which means that the United States, while perhaps not in the same boat as Greece, is definitely in the same fleet. Our debt-to-GDP ratio may not be the worst, but that debt is larger than any other in human history. And, unlike Greece, our economy is more connected and codependent on the global economy than any other. Once we go down, were taking the whole world down with us. Youd think wed be worth mentioning, but I guess our debt is a hard pill to swallow. Joshua Krause is a reporter, writer and researcher at The Daily Sheeple, where this article first appeared. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshuas reports at Facebook or on his personal Twitter. Joshuas website is Strange Danger. Is this any surprise? Still, I dont see a problem with this. What could possibly go wrong?????????? Since the debt (money) was conjured up out of thin air in the first place, the creditors really dont lose any sleep over the fact the debts wont ever be repaid. In fact, that is the objective. What they want is the steady steam of interest payments pouring back into their pockets. This is how wealth extraction and financial terrorism works. 