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Message Subject Americans Have No Clue!
Poster Handle smokahontas
Post Content
The U.S. does not make enough actual good for foriegners with reserves to buy. Consumers are too indebted to borrow, with debt at 136% of income. Banks are too insolvent to lend, as they are 650 trillion invested in credit default swaps. Payroll employmnet is less than it was in 2001 after a decade of population growth. The U.s. economy would have to add 180,000 jobs a month to keep up with people entering the workforce be it through college graduates or 18 year olds entering the work force. As of 2/9/2012 70% of the federal budget goes to individual assistance programs. The U.S has more per capita debt than Greece, portugal, Ireland or spain. German banks are leveraged 32 to 1 Lehman was only 30 to 1. A one percent increase in the average interest rate would add $88 billion to the treasury's interest payment this year alone. This is not conspiracy it is math!
 
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