NO QUARTER FOR CORRUPTION (Focussing on The Fed./FRBS)

[bartermania]

America's Total Debt Report
$ 40 Trillion - - and soaring
- household, business, financial and government sectors -
by Michael Hodges - email
updated August 2005


- a chapter of the Grandfather Economic Reports -

America has become more a debt 'junkie' - - than ever before
with total debt of $40 trillion, or $136,479 per man, woman and child.

66% ($27 trillion) of this debt was created since 1990,
a period primarily driven by debt instead of by productive activity.

2 great questions:
Can the production of debt forever replace the production of goods and savings?
Can Americans forever borrow their way to prosperity?
One answer: NO WAY !!

(Link to page: http://mwhodges.home.att.net/nat-debt/debt-nat.htm )


BOTTOM-LINE - - DEBT SUMMARY TABLE
AMERICA'S TOTAL DEBT
- $42 Trillion -
- add another $44 trillion for contingent Social Security/Medicare -
(updated Dec. 2005)
Our Federal Government Debt Report shows $7.9 Trillion of debt as of end FY 2005 ($8.2 Trillion end calendar year 2005), the State & Local Government Report shows debt of $1.8 Trillion, and $32.4 Trillion of private (household, business and financial sector) debt is revealed in America's Total Debt Report.

These sum to $42.1 Trillion - - equivalent to $142,087 per capita.
(This sum does not include the federal government's un-funded contingent liabilities for social security/Medicare estimated at $44 trillion, plus additional amounts for unknown (?) contingencies listed below.)

The following table summarizes Total Debt in America - - as of Sept. 30, 2005

(Link: http://mwhodges.home.att.net/debt-summary-table.htm )

Copyright © 1997-2005 Michael W. Hodges. The Grandfather Economic Report series is the intellectual property of its author; all rights reserved under Copyright Conventions. Permission to redistribute all or part of this series for non commercial purposes is granted by the author, provided the associated web page address is included and full credit given to the Grandfather Economic Report (including its home page web address http://mwhodges.home.att.net/) and the author, Michael Hodges. Notice appreciated via email.