http://thesaker.is/the-multi-faceted-ame...nd-beyond/
Quote:by Ghassan Kadi
The financial collapse of the United States grows more inevitable, and more obviously so. Thus far during the Obama tenure alone, the formal and declared American debt has doubled, sky-rocketing from 10 trillion to 20 trillion dollars. Estimates of total American debt however, and which include unfunded liabilities, are much higher and range from 150 trillion to 350 trillion dollars. But even at twenty trillion, every American man, woman and child owes something in the vicinity of $60,000, and at the higher estimate, the per capita debt figure balloons to nearly $9 million.
Estimates of America’s total assets also vary from 300 to 550 trillion dollars. But as America has lost much of its manufacturing base as well as much of its resources, a big fraction of those assets are in real estate, bonds, shares and other commodities that are valued in accordance with general economic performance, and when the performance drops, they follow suit. Those estimates do not take this economic fact into account and even the low figure of 300 trillion could well and truly be over optimistic.
It is therefore rather difficult, if not impossible to know the actual totals of either American assets or liabilities. That said, if the liabilities figure is indeed in the vicinity of the high 350 trillion dollars figure and that of assets is in the vicinity of the low 300 trillion (if not less), then America could currently be well and truly literally insolvent.
The truth is that we don’t know, and perhaps we will never know, until a collapse spontaneously eventuates, or until the tsunami of the rising of new economic giants sweeps all what is in its way and make that collapse happen.