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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST

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To: TobagoJack who wrote (63354)5/5/2010 1:25:51 PM
From: Haim R. Branisteanu3 Recommendations  Read Replies (1) of 217917
 
I stand to be corrected - Total US Federal debt is around $23 to $24 trillion;

about $13 trillion and fast growing - regular federal debt
GSA debt which is now US Federal debt around 7 trillion
All US State and Municipality debt including "Build America"
3.5 trillion
Mortgages held by the FED 1.5 trillion

Add all these numbers and outright US debt backed by US taxes is around $24 to $25 trillion

US GDP is around 14 trillion

US Debt to GDP ratio 170% to 175% higher than Greece, or Italy and for sure than the rest of EU countries

Only Japan has a higher Debt to GDP ratio

TO me it is obvious why the PIIGS are in focus and not the US
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