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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 414.47

+0.7%

Jan 9 4:00 PM EST

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To: KyrosL who wrote (30873)	3/15/2008 2:12:46 AM
From: Maurice Winn	Read Replies (2) of 219238

What's an extra $300 billion? No big deal. <What's an extra hundred billion or two. > That's only $1000 per American. If we consider Americans are on average worth about $2 million, the USA's total assets are worth $2,000,000 x 300,000,000 = $600 trillion. $300 billion seems a lot in round numbers, but it's not a big deal compared with $600 trillion. If $300 billion is added each month for a year, that's still only $3 trillion or 0.5% of the USA's total value. It's true that such debt growth can't go on forever, but after ten years, it would be only 5% of the USA's total value. Mqurice

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