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01/08/19
07:11
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Originally posted by Dr.Who:
↑ Stelios, what is your definition of broke? I don't know a single serious commentator who would not place the US on top of the wealthiest nations on the planet. The US dollar, same as every other asset, is rising because it is in demand. More buyers than sellers. That seems to be a reasonable starting point. I have my view why that is - I just don't think you want to read it!
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US$ Created (That we know of) as of the latest I can find.
Taxpayer Debt
Description
US$ Trillions
Each Item
Cumulative
Student Loans
1.57
$12,845
$12,845
Debt clock
22
$180,000
$192,845
Missing DOD & DOH (DR Skidmore)
21
$171,818
$364,664
Unfunded liabilities (Including Obamacare)
80
$654,545
$1,019,209
Reserve Currency and Petrodollars
400
$3,272,727
$4,291,936
Derivatives
500
$4,090,909
$8,382,845
Total
1024.57
$8,382,845
When you liabilities exceed assets.