[riverdawg]

“And the total value of all the stocks on the New York Stock Exchange is about $34 billion.”

The market value of U.S. stocks in all exchanges (not just the NYSE) is about $34 *trillion*

[Dilbert San Diego]

Thanks for correction, yes it’s $34 trillion.

Even with that many trillions subject to wealth taxes if Democrats had their way, there is nowhere near enough wealth to cover these financial obligations.

If pension obligations are north of $200 trillion, Social Security/Medicare north of $50 trillion from what I’ve heard, the national debt is about $22 trillion, geez Louise. A few trillion here and a few trillion there, this starts to add up.

[rollo tomasi]

Ummm, I would like to see just 1/3 of that $34 trillion “in liquid form” converted to/exchanged to cash reserves please. Talk about bubbles... Trading paper is a house of cards eventually, especially with a foundation of an economy based on debt practices and over leveraging.