Brilliant interview with Dr. Paul Craig Roberts.
If you have time, please take a few minutes to listen to Dr. Paul Craig Roberts brilliantly explain how we got here, what we are doing to make matters worse and what the outlook is. PCR knows how to bring all the pieces of this jigsaw puzzle together in a very logical and understandable way.
US National Debt $17.6 trillion (total debt per family $757,331)
US Unfunded Liabilities $120 trillion
Currency and Credit Derivatives up 704% to $737 trillion
US Population: 318,542,155
Food Stamp Recipients 45,942,285
Total receiving Medicare/Medicaid/Food Stamps: 156,850,200
Private Sector Jobs: 115,472,993
Federal/State/Local Employees: 24,066,491
US GDP (Gross Domestic Product) $16.8 trillion Note: this number is inflated by 40% since it includes government transfer payments. Correct GDP is $10 trillion.
US Citizen Debt:
Personal $16.6 trillion
Mortgage: $13 trillion
Student Loan: $1.3 trillion
Credit Cards: $876 billion
SOURCE: http://www.usdebtclock.org/
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