Some scary statistics about the US Government’s financial condition:
US National Debt to GDP (%): 89.12
US National Debt per citizen ($): 41,381
US GDP per citizen ($): 46,381
US Total Debt per citizen ($): 180,484
US Personal Debt per citizen ($): 53,787
US Interest Burden per citizen ($): $1,493
US Total Assets per citizen ($): 234,181
US Total Liabilities per citizen ($): 350,054
US Personal Savings per citizen ($): 1,558
US Median Income per family ($): 62,013
US Gross Domestic Product ($): 14.333 Trillion
Currency in circulation within the US ($): 1.993 Trillion
US Debt held by Foreign Countries ($): 3.875 Trillion
US Government Bailout ($): 6.387 Trillion
Currency and Credit Derivatives ($): 648.975 Trillion
When Lana Turner, famous filmstar of yesteryear was asked her age, she had diplomatically replied:
I really don’t know, because it keeps changing from second to second.
All these figures similarly keep changing from millisecond to millisecond. I had extracted these figures between 6:45 pm and 7 pm today, Indian Standard time, from here. Check out for yourself what these figures are at this very moment.
Now, think like a banker would: If the US Government was a loan applicant, how much of additional loan would would you trust the man to service?