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The Perpetual Debt Level is the ratio of
total principal debt : money available to pay it.

Money as Debt - LIVE Graphs of the Federal Reserve'$ Money $upply $tatistic$

see my paper published by the World Economics Association

The orange line is the ratio of principal debt
to the only money possibly available to be earned to pay it.

This ratio peaked at an unprecedented 24:1 in 2008

http://grignon.matslats.net/M1Debt.php

http://grignon.matslats.net/M1M2.php

 

See also workableeconomics.com