The $53 trillion asteroid

[brodyhyde]

There are three interesting figures in this article.

1. 200 Billion
2. 14.1 Trillion
3. 53 trillion.

1= the approximate total amount of write-downs announced so far as a result of the current credit crisis.

2= the size of the entire U.S. economy

and

3= the approximate size of this country's bill for the Social Security and Medicare promises we've made.

Read the Article and let me know what you think 1+2+3=

It makes me want to...

[perdition79]

$53,000,000,000,000.00 is nothing; we can always print more Dollars. Our currency's not real anyway.

[Traveler]

Enron was the first tip of the iceberg.

When this is all over it is going to be a case of going back to scratch and starting all over again.

The only problem will be who will actually be the owner of the capital assets.

Everything was moved off shore for a reason, now why would the countries leadership give the countries industries to other nations?