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To: RSmithOpt
"Ever wonder just the entire amount of money that the average investor and the US taxpayer has / is going to lose after all this shakes out?"

Yeah, pretty much every day, as I think about the assets we've worked so hard to accumulate and worry about whether my husband will survive the next set of layoffs at his employer in June.

15 posted on 01/19/2008 7:19:56 AM PST by Think free or die
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To: Think free or die
I too are in the same boat. The amount of loss from all this is estimated in the $3 trillion range which is approximately 30% of our national debt (bonds and US treasuries). Amazing that if one adds in the real inflation in the US for the past 3 years that include food, energy, taxes, medical, etc., and exclude averaging the increases of imports for clothing, electronics, furniture and the like, it totals to approximately 30%. This is the result of globalism on the economic front and the US beholding to the Chicoms, OPEC nations (UAE in particular), Russians, Japanese, etc. that hold the majority of our debt.

Some of those in the know who study this international relationship at our major universities are now saying that some of our debt holders have already concluded the US will not be able to easily pay back it's debts.

This all began around 2004. The 'World Bank' (joke in some aspects)is the one now trying to referee it all because of all the trillions involved and the international relationships (codependent economies). It's about controlling the slope of the slide, not pointing fingers. Economy is about money changing hands with almost certainly predictable cycles of highs and lows.

34 posted on 01/19/2008 7:48:26 AM PST by RSmithOpt (Liberalism: Highway to Hell)
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