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US Debt is really 53 Trillion. Can you say Dollar Collapse then Massive Hyperinflation Coming?

January 8, 2009
Prison Planet
1/8/2009

…and this excludes contingent liabilities such as social security, government pensions and Medicare. The economy is 2-3 times more debt-dependent – with at least $29 Trillion DEBT EXCESS – – compared to the 1950-1970s! $175,154 per man, woman and child – or $700,616 per family of 4!

80% ($42 trillion) of today’s debt was created since 1990.

“Foreign interests have more control over the US economy than Americans, leaving the country in a state that is financially imprudent. More and more of our debt is held by foreign countries – some of which are our allies and some are not. The huge holdings of American government debt by countries such as China and Saudi Arabia could leave a powerful financial weapon in the hands of countries that may be hostile to US corporate and diplomatic interests.” David Walker, the US comptroller general. 23 July 2007

For the rest of the story …..

3 Comments leave one →
  1. January 9, 2009 4:49 pm

    I just stopped by your blog and thought I would say hello. I like your site design. Looking forward to reading more down the road.

  2. Editor permalink
    January 9, 2009 1:31 am

    Today we are seeing the first indications that politicians are starting to comment on the exploding national debts in public. It is time for our political leaders to start explaining us where they see the exit. Read more on Crunchreport.com.

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