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    Australians are now the biggest borrowers in the world

    Since Williams was the guy who used to calculate these figures for the US government in the 80s & he simply inserts the current government figures into the formula the government itself used in the 80s, then I'd say the figures accurately reflect the way the figures used to be calculated by the...
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    Australians are now the biggest borrowers in the world

    Coutesy of Shadowstats.com, John Williams is an ex US government economist. This chart tracks US inflation as it was calculated in the 1980s. There have been many changes since then. For example as of the 90s, if meat goes up a long way they substitute the price of hamburger meat. If the...
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    Australians are now the biggest borrowers in the world

    If you're going to compare apples with apples then maybe you should factor in the $174,000 owed by every man, woman and child in America via the national debt.
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