Gaar, The main concern with the debt is not the collateral, it is the ability to service it. Last year US debt grew 5.5 times that of GDP, meaning America can not keep up with current debt repayments and requires one trillion in loans per annum to finance debt, further compounding the problem. I can't remember the precise figure (do a google search), but the average US household debt is over 100% of income over per annum. Any collateral they have is owned by finance companies.
On Sep 16, 10:47 pm, Gaar <[EMAIL PROTECTED]> wrote: > Perhaps those who have been railing on about this would be good enough > to also tell us how much "Net Worth" JUST American Households have, > not including the Net Worth of our Governmental Assets?!?!?!?!? > > Anyone? --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
