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US Government has pledged $12,800,000,000,000 to stem recession..
purch
Posts: 9,865 Forumite
..........so far !!!!
The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation.
U.S. Gross Domestic Product was $14.2 Trillion in 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atgpW1E28_4s
.........shouldn't take too long to pay back :eek:
The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation.
U.S. Gross Domestic Product was $14.2 Trillion in 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atgpW1E28_4s
.........shouldn't take too long to pay back :eek:
'In nature, there are neither rewards nor punishments - there are Consequences.'
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Comments
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..........so far !!!!
The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s.
The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation.
U.S. Gross Domestic Product was $14.2 Trillion in 2008
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atgpW1E28_4s
.........shouldn't take too long to pay back :eek:
When I was a Generalissimo I was taught that every story had a beginning, a middle and an end.
The beginning to our story seems to have been a big party, the middle part looks like it's going to be long and bloody.
I wonder what the end will be like. Back to living in clover or something a little darker?0 -
The key here is that although they have "pledged" a lot of money, quite a large amount is secured against assets which are actually worth more than the amount "pledged". The actual cost may be much less than the numbers suggest.“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
some interesting visuals regarding related issues,
and another one about the bailouts and stimulus plans
obviously the way to pay back is easy, just print more dollars! easy peasybubblesmoney :hello:0 -
When I was a Generalissimo I was taught that every story had a beginning, a middle and an end.
The beginning to our story seems to have been a big party, the middle part looks like it's going to be long and bloody.
I wonder what the end will be like. Back to living in clover or something a little darker?
Germany in the early 30s, just ripe for a Hitler
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FungusFighter wrote: »Germany in the early 30s, just ripe for a Hitler
I hope not - it's not really the English way. People are pretty angry right now though.0 -
wouldnt work for long as too many have the 'big fireworks' now. big bangs would start big time in that scenario.FungusFighter wrote: »Germany in the early 30s, just ripe for a Hitlerbubblesmoney :hello:0
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