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Message: <blockquote data-quote="Blade Runner" data-source="post: 1363591" data-attributes="member: 17573">But they do matter, the issue is complicated (though I see your point in principle) due to fiat currencies and the forex. It's a confidence issue, just like with the equity markets. Can anyone predict when those sell off? No, but they can gauge probabilities.I have read in other places that the break point historically for governments is when their servicing of the debt becomes up to 40% of the yearly budget. Then the slide happens, and big. Just like with the US state pensions, there is a point where even the bigger fool theory ceases to hold, when mathematics (of not being able to keep this up any longer) is even that obvious to a layman.</blockquote>