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America’s $14 Trillion Debt?
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Posted June 28, 2011 at 1:29AM
Costing $40.000 Per Second! It’s hard to grasp if anyone can grasp an amount so vast as a single Trillion? & yet the American’s are in debt by x14 of them? Analysts and powerful people are stating it’s going to get much worse soon due to their commitments already made to other financial building schemes and contracts some that should not of been cleared?
And as we know here in the UK this weeks we have seen Jane Norman shops go under as well as Habitat and Moben kitchens all in one week? possibly making many thousands of people out of work? Is this the recession on the bounce back to us or did we ever get out of it in the first place?
God help us all if the government don’t sort this mess out real soon? Here in Grantham some 25 shops have closed in recent months & it’s getting like a ghost town for shops & yet the business leaders for the council are stating things are on the up? Oh really?
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Posted June 28, 2011 at 11:51PM
The Chinese strategy of investing in African nations may well underpin any future success,irrespective of Human Rights concerns.While we in the west are at war in 3 areas of conflict and draining our already overstretched resource's ,they are investing in their future. They may have pledged to buy debt to keep the Eurozone afloat but their debt is apparently $1.6 trillion.....$1.200 per person. I bet 80% at least of Chinese did not realise they were in debt.!
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