Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (29415)	3/25/2005 10:20:49 PM
From: russwinter	Read Replies (1) \| Respond to of 110194

It would be bad enough if this was a big debtor class in the US, paying the interest on this, to a big US creditor class. But the really bad news, is that the returns and interest (now rising steadily) is in large measure being paid to foreign creditors, and is sucking capital and wealth away. idorfman.com I'm sure the US has been put on notice by the foreign creditors, that they won't tolerate a currency debasement and inflate away. Giant game of road chicken being played out for sure.

To: Wyätt Gwyön who wrote (29415)	3/25/2005 10:20:51 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 110194

Good point. The GAO put an excellent report last month that listed the liabilities: gao.gov Explicit Liabilities Publicly held debt ($3,913) Military and civilian pension and post-retirement health ($2,857) Veterans benefits payable ($955) Environmental and disposal liabilities ($250) Loan guarantees ($35) Explicit Financial commitments Undelivered orders ($596) Long-term leases ($47) Financial contingencies Unadjudicated claims ($9) Pension Benefit Guaranty Corporation ($86) Other national insurance programs ($7) Government corporations e.g., Ginnie Mae Exposures implied by current policies or the public's expectations about the role of government Debt held by government accounts ($2,859)b Future Social Security benefit payments ($3,699)c Future Medicare Part A benefit payments ($8,236)c Future Medicare Part B benefit payments ($11,416)c Future Medicare Part D benefit payments ($8,119) c Life cycle cost including deferred and future maintenance and operating costs (amount unknown) Government Sponsored Enterprises e.g., Fannie Mae and Freddie Mac