On Mon, Oct 05, 2015 at 02:12:18AM +0000, Zenaan Harkness wrote:
Just found this, which has a fair bit of more current info, for those interested:
http://english.pravda.ru/business/finance/02-10-2015/132222-usa_debt_bomb-0/
From pravda.ru:
==== Now, the government in the USA owes $46 trillion, US corporations owe $15 trillion, US individuals owe $13 trillion plus there are $315 trillion in outstanding wall street derivatives. (Few Americans know what a derivative is, but we as a nation are on the hook for up to $315 trillion in additional debt because of these derivatives.) These debt figures continue to escalate with each passing month ==== Haven't seen the debt about $315T on the interwebs, possibly due to ignorance.
From wikipedia which cites data from 2014 Q1
=== https://en.wikipedia.org/w/index.php?title=Financial_position_of_the_United_States&oldid=661507517 The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP,) [a] as of Q1 2014. === QUESTION: Is there a citable reference for the debt of $315 treeeeelion? I mean, if I troll americans about this and cite .ru they almost surely will call me a commie. I don't trust pravda.ru much, but lying about numbers which can easily be disproved doesn't appear very likely to me.