Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Art Bechhoefer who wrote (29039)	3/4/2003 4:50:52 PM
From: Jim Willie CB	Read Replies (2) of 36161

$34 trillion in debts for USA Inc, 3.4x singleyr GDP US Govt debt of $6.4 trillion interest payments of $700 billion annually Household debt is 108% of annual income it takes $4.5 new fiat dollars to produce a $1 of new GDP trade gap is approaching 6% of annual GDP numerous examples of corporations drowning in debt e.g. Ford Motor $170B in outstanding debt $7.8B net worth (mktcap) you vastly underestimate the debt levels you vastly minimize their dire effects / jim

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