Shocking Charts And Statistics That Prove That America Is No Longer A Wealthy Nation | |
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(OP) User ID: 6701492 United States 12/09/2011 10:00 AM Report Abusive Post Report Copyright Violation | Total Debt The following chart from the Federal Reserve combines government debt, business debt and consumer debt. As you can see, America is swimming in an ocean of more than 50 trillion dollars of debt.... To get an idea of how bad that is, just look at where total debt was at back in 1970 or 1980. Over the last three decades we have seen an orgy of debt that has been absolutely unprecedented. Meanwhile, we are bleeding national wealth at a staggering rate. Every single month, tens of billions of dollars more goes out of this country than comes into it. In fact, it is being projected that the U.S. trade deficit for 2011 will be 558.2 billion dollars. This represents a transfer of wealth that is so vast that it is almost impossible to believe. Our dependence on foreign oil is greatly contributing to this. It is being projected that for the first time ever, the OPEC nations are going to bring in over a trillion dollars from exporting oil this year. Their biggest customer is the United States. When we send hundreds of billions of dollars overseas, that is hundreds of billions of dollars that does not go into the pockets of American business owners or American workers. The United States has had a negative trade balance every single year since 1976, and since that time the United States has run a total trade deficit of more than 7.5 trillion dollars with the rest of the world. For a moment, imagine a giant map of the world. Then imagine a pile of 7.5 trillion dollars sitting on the United States of America. That looks pretty good, eh? [link to theeconomiccollapseblog.com] One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935 |
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(OP) User ID: 6701492 United States 12/09/2011 10:23 AM Report Abusive Post Report Copyright Violation | 1 star bandit fuck off One of the biggest tragedies of human civilization is the precedence of chemical therapy over nutrition. It's the substitution of artificial therapy over natural, of poisons over food, in which we are feeding people poisons trying to correct the reactions of starvation." Dr. Royal Lee, 1935 |