Posted on 10/28/2011 9:02:43 AM PDT by martosko
As children across America costume themselves as ghouls, ghosts, goblins and former North African dictators Monday night, they may have missed the most spine-chilling scare of the day. According to calculations based on the International Monetary Fund’s World Economic Outlook, on All Hallows’ Eve the United States’ total debt will surpass its Gross Domestic Product for the first time since World War II.
That means the average American’s share of government debt is more than an average American makes in a year. Spooky!
On October 19 Bloomberg released a chart showing that per capita gross government debt would to exceed per capita GDP in the very near future. As Bloomberg put it, “America’s bills are about to exceed its paycheck.”
I heard a figure -
our total debt obligations, including pensions, etc, that aren’t currently counted in the trillions in debt that they will talk about,
are 20 times the total amount of money in existance.
The list, ping
Let me know if you would like to be on or off the ping list
Thus, the wave of propaganda about Europe: an effort to stuff US treasuries and the dollar unnaturally high in the global, so-called free market, while the remainder of our manufacturing is sent to countries with lower currencies.
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