America’s Financial Statement in 2008 – Hint, its only gotten worse.
OK, if I am worth only $38. And then I owe $106. And ALL the money I have is $7.70, would you loan me more money?
Or maybe you would say, “You’re broke already!”
Maybe you would recognize that my debt already exceeds my ability to pay.
Same thing for our country. Just say Trillions after the amounts – the math is the same.
Q: What is the natural outcome of using debt for your money?
A: More debt.
US FINANCIAL STATEMENT
$38 Trillion – Value of America’s Total Wealth
$53 Trillion – Total Debt (Government/Business/Personal)
$53 Trillion – Unfunded Liabilities (Like Social Security)
$7.7 Trillion – America’s Total Money Supply, April 2008