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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 457.82+1.3%Jan 23 4:00 PM EST
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To: Haim R. Branisteanu who wrote (42053)11/1/2008 3:06:01 AM
From: Elroy Jetson6 Recommendations  Read Replies (3) of 219680
 
Haim you're trying so very hard not to understand the situation. You keep asking the same questions over and over because you don't like the answers.

It seems that reality is so very different from what you expected that you're in a state of shock, gasping for breath unable to comprehend the world around you.

Certainly you could have made more progress on your quest to determine national Debt/GDP ratios than you have. I gave you a head start the ratio is 67% for France and 339% for the US. I expected that you would have finished your project by now.

Message 25118221

All of this was the result of Reaganesque policies begun in 1980. Reagan's policies were a scam. Initially deregulating the Savings & Loan industry in 1982 leading to it's lotting and failure in 1990. Now a looting and failure of the banking system. Charging all of your expenses to a credit card may have sounded like a good idea to you initially, but it comes back to bite you later. What's so difficult to understand about that?

But the good news is only $4.5 Trillion of the US debt is external governmental debt, about 1/3 of one year's income.

The major bag-holders in the Reagan scam are wealthy nations like Saudi Arabia which have their savings in shopping center mortgages and bank stocks, and people in the US who believe they are wealthy but haven't yet received the memo that most of their wealth will not be repaid.

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