U.S. is BANKRUPT Actual U.S. Debt 200 TRILLION not 14

Boston University economist Laurence Kotlikoff says U.S. government debt is not $13.5-trillion (U.S.), which is 60 per cent of current gross domestic product, as global investors and American taxpayers think, but rather 14-fold higher: $200-trillion – 840 per cent of current GDP. “Let’s get real,” Prof. Kotlikoff says. “The U.S. is bankrupt.”

So who wants to pull their money from the bank tomorrow? If these figures are right, hyperinflation is right around the corner. At least you'll be able to pay off your house for the price of a cup of coffee. But you'll need a job first.

What say ye

reply to post by shoulda taken the blue pi


en.wikipedia.org...

good read here

turns out there are 2 types of debt

public debt and intragovernmental debt

public debt such as pensions,mutual funds,hedge funds

intragovernment debt such as china,japan,uk

we all know the government steals from social security and some of that debt belongs to fanny and freddy

the biggest owner of them all is the federal reserve i think

if you want to know the real reason the economy is in the tank it because the government is stealing from everything and everyone to the tune of $200 trillion bucks.

No linkies to an article concerning the 200 trillion smacker debt? Just wondering..

reply to post by shoulda taken the blue pi


I wouldn't be surprised if it was the actual debt.

Already discussed here:

www.abovetopsecret.com...

It's still on the first page.. Please make sure the topic isn't already covered first.

sorry, there a so many posts around here its almost impossible to sift before posting.

This was the economy thread I followed last year :

Is the US national debt actually *gulp* $200 Trillion?
FortAnthem
13-8-2010
www.abovetopsecret.com...


Here's current discussion about the print order.

U.S. Government Printing Office Needs 350,934 National Detainee Handbooks Printed by 29 April 2011
JerryB08
19-4-2011
www.abovetopsecret.com...&addstar=1&on=11124708#pid11124708

This is ridiculous. it takes all their expindentures going forward forever and acting like they are due today.

For you it would be like taking all your bills for the next 80 years and lumping them together in one category as debt without factoring in anything you will get paid during that time.

At best the op's analysis is dishonest.