posted
Can it all be saved?? I guess money is no option!! $3.5 TRILLION SO FAR AND NOW THE AUTO INDUSTRY!! BUY GOLD I GUESS! Its actually pretty scary! Might be alot worse then we all imagined I mean $3.5 Trillion???? WOW
posted
In six years, U.S. Public debt has increased from 4 trillion to Eleven trillion dollars
The current Debt Limit was increased from $10.615 trillion to $11.315 trillion, effective October 3, 2008.
The estimated population of the United States 2006 is around 300,000,000 people. David M. Walker, Comptroller General of the US and head of the Government Accountability Office, in his December 17, 2007, report to the US Congress on the financial statements of the US government noted that "the federal government did not maintain effective internal control over financial reporting (including safeguarding assets) and compliance with significant laws and regulations as of September 30, 2007."
The US government cannot pass an audit.
The GAO report states accrued liabilities of the federal government "totaled approximately $53 trillion as of September 30, 2007."
No funds have been set aside against the liability.
The estimated net worth of all American families is about $47 trillion, reducing as property values reduce.
posted
I am not an expert analyst, but if we all invested(at the present moment) that $11k in the right stock(or gold?) How long will it take for America to be.., let's say.., rich? or better off?
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quote:Originally posted by Peaser: Huh, I wonder how many of that 305 Million are illegals living in our country?
Like it matters... it wasn't them who caused this economic collapse... it was greedy corporations... and the Iraq war with it's $12 billion per month going there and the rise of oil all these years... no amount of illegal immigration causes this.. there is always other factors alot larger...
-------------------- Let the world change you... And you can change the world.
posted
Like it matters... it wasn't them who caused this economic collapse... it was greedy corporations... and the Iraq war with it's $12 billion per month going there and the rise of oil all these years... no amount of illegal immigration causes this.. there is always other factors alot larger...
So you're saying that all these things caused Americans to spend beyond thier means?
posted
true Mach, you can't blame illegals for wanting jobs.
many have returned home already, and many more will soon.
In August, money transfers to Mexico dropped at their fastest pace since the country's central bank, Banco de Mexico, began tracking them in 1995. Transfers fell 12.2%, from $2.2 billion in August 2007 to $1.9 billion this August. And that was before the stock market tumbled.
The Mexican government expects remittances - a cash lifeline for millions of poor families in Mexico - to fall 7% to 8% this year, a huge increase from their prediction of a 2% to 3% drop just two months ago.
Remittances are second only to oil as Mexico's source of foreign income.
Nationwide, Mexico is the No. 1 source of foreign-born residents, accounting for nearly three out of 10 of the 31 million foreign-born people in the U.S.
quote:Pretty sad. The real pricetag of this "bailout", IMO, will be much more than 700 billion. The goverment is just saying that to "coushin the blow" to the already broken American Taxpayer. I'm thinking it will cost more like 5 to 6 trillion, if you look at it in purely monetary terms.
The TRUE costs, however, will be much, much higher.
-------------------- One is never completely useless. One can always serve as a bad example.
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