On Wed, 12 Apr 2006 00:23:46 +0000, egilsson-9@comcast.net wrote :
> Here's an interesting article I received that also figures in the powerful
China element in todays world.
>
>
> AMERICA: THE BUST ECONOMY?
>
> The USA’s national debt is increasing by $2.43 billion everyday. People
> expect the state debt to top the ten trillion dollar mark in the next few
> years. A special huge electronic display in New York which shows in real
> time the size of state debt will not be able to cope with such a high
> figure. In 1989 the national debt clock was placed in Times Square so that
> Americans could see how effectively their government was working. At the
> time the national debt stood at 2.7 trillion dollars. Yesterday at midday
> Moscow time the debt stood at $8 369 526 197 055.36. It even rose yesterday
> by $604 million. If the figures are to be believed, yesterday every
> American family bore a debt of almost $90 000. Developer Douglas Durst owns
> the clock and his father erected it. He hoped to make Americans understand
> the economy better. The clock worked fine for ten years but in the run up
> to the new millennium it crashed. In its final moments the clock read that
> the national debt was $5.7 trillion and that the family share of the debt
> was $74 000. Durst believed that such a level of debt would not last long
> and he was right. Within two years the debt had started to grow at an
> unprecedented rate. Durst pulled the plug on the clock in 2000, but it was
> switched back on in 2002 when debt started to once again increase. In 2004
> a new model replaced the original clock which was able to express the
> figure in a shortened term in the event that in the future the debt
> suddenly started to rise at an unthinkable rate. Now the figure on the
> clock goes up by $20 000 every second. So what is to be done? It is
> expensive being the “light of democracy” in Iraq and Afghanistan, keep
> revolutionaries at bay and to “teach” the rest of the world how to live
> their lives. Anton Struchenevsky, an analyst from management company Troika
> Dialog says, “Even when the state debt reaches the 10 trillion dollar mark,
> an economic crisis will not occur in the USA and the dollar will not crash.
> It is in the interests of the USA’s main creditor, China, to have a stable
> American currency and protect the American market.”
Tuesday, April 11, 2006
How to Win the War In Iraq.
Posted in market intervention by John Wiley Spiers
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment