Americans owe more money, than ever before in our history
... far, far, far more. We owe at every level:
- $17 trillion at the federal level,
- $13 trillion in mortgages,
- $1 trillion in student loans, and nearly
- $3 trillion in state and local government debt.
Put all of these numbers together and you end up with a $60 trillion pile of obligations.
That's nearly 4 years' worth of our entire country's total production.
________________________________________________
http://www.stansberryresearch.com/dailywealth/2438/your-best-chance-at-living-well-in-the-end-of-america
- $17 trillion at the federal level,
- $13 trillion in mortgages,
- $1 trillion in student loans, and nearly
- $3 trillion in state and local government debt.
Put all of these numbers together and you end up with a $60 trillion pile of obligations.
That's nearly 4 years' worth of our entire country's total production.
________________________________________________
http://www.stansberryresearch.com/dailywealth/2438/your-best-chance-at-living-well-in-the-end-of-america