From: 
Sent: Saturday, February 20, 2010 1:28 PM
Subject: US$53 TRILLION American Total Debt: US$2.5 Billion Daily Borrowing
To Pay Interest

 



 Michael Hodges author of the Grandfather's Economic Report, published in
the U.S. as a public service reports:

"American has become more a debt "junkie"-than ever before with the total
debt of US$53 TRILLION - and the highest debt ratio in history. That's
US$175,154 per man, woman and child - or US$700,616 per family of 4, US$33,
781 more debt per family than last year.

Hamid Varzi adds: "The United States borrows a whopping US$2.5 Billion daily
from abroad to service its burgeoning debt. In order to continue borrowing
at reasonable interest rates, America needs to retain running the huge trade
surpluses. A cessation of foreign lending would force the FED to raise
interest rates to attract money, precipitating  a collapse of the already
weak housing market and pushing the economy into recession.

Read the book: "Warriors of Heaven" by a Filipina author: Marlene Aguilar:

 <http://www.marleneaguilar.com> www.marleneaguilar.com 

Email: [email protected] 

 

 

 

 

 

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