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New Revelation About Usa Federal Debts

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Mull on this. The USA's GDP is around $14 trln. Its FEDERAL debt is 14.2 trillion. The press therefore report the debt level is 100% of GDP. BUT! And and yes the USA has many big butts. The Treasury has printed more than $2trln using QE. This means the real 'debt' is more like 17trln. By smoke and mirrors the USA has run up debts of some 120% of its falling GDP.

So why does Moody's and S&P rate good ole Uncle Sam as AAA? Barrosso is right - its a scam. Europe should have its own rating agencies and the USA should have a A- rating. Todays capitulation by Republicans means the USA will soon have $18trln in FEDERAL debt. That means every taxpayer in the USA - EVERY TAXPAYER will owe $200,000 just to the government. Add in private debt and the end game is clear. The USA is gearing up to default on its 3trln of debts to China and India and could trigger a nuclear war.

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perhaps the FED bought up some of that debt and hold it on their b/s.

just saying..........

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Is this evidenced anywhere. I presume the cost is more than 1trln.

Lots of "off budget" stuff flying around.

The entire second Iraq war is off budget.

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After 9/11 the CIA and NSA were given carte blanche. Homeland Security was then set up and given the same. Nothing new here - Philip II went bankrupt twice but still ruled a very large part of the world.

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There's too many words in that question :lol:

I was wondering if he was brainstorming because he was talking nonsense.

Funny though - a non-thread and suddenly lots of people have something to say about nothing in particular.

Start a queue in HPC land and someone will join it.

Godwin will be around soon.

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Funny though - a non-thread and suddenly lots of people have something to say about nothing in particular.

Start a queue in HPC land and someone will join it.

Godwin will be around soon.

At some point I will hijack the thread by pointing out that 14 trillion won't buy you much by way of a house in Swansea.

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It is not a place. It is an idea. As in, no one in Swansea appears to have any idea that the housing bubble burst a few years ago.

Darn - youve got me stumped.

I was sure that was going to start a 20 page thread. It usually does.

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Darn - youve got me stumped.

I was sure that was going to start a 20 page thread. It usually does.

Don't wake up the slumbering bear :o

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I was wondering if he was brainstorming because he was talking nonsense.

Funny though - a non-thread and suddenly lots of people have something to say about nothing in particular.

Start a queue in HPC land and someone will join it.

Godwin will be around soon.

Hehehehe.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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