Sherdil

The U.S. Credit Crisis: Major Paradigm Shift

Sorry I should have put the reference I got the US debt and obligations numbers (265 trillions from Dr. Weiss website (www.moneyandmarkets.co..., and www.moneyandmarkets.co...). According to Dr. Weiss of Weiss Research the total US debt and obligations is 265 trillions, 20 times the total economy of USA ($49 trillion in interest-bearing debts, according to the U.S. Federal Reserve Board, $50 trillion in federal contingency debts, according to the Government Accountability Office (GAO), and $164 trillion in derivatives, according to the U.S. Comptroller of the Currency (OCC).