Via Anarcho-Capitalists' Forum: US Government Has Nearly As Much Debt As The World Has Wealth

According to a study by the Boston Consulting Group, privately held wealth increased to $152 trillion globally in 2013.

Compare this to estimates putting the US federal government's total debts and liabilities alone at anywhere from $78 trillion to $200 trillion and you can see just how untenable the US government's debt is. The US government is nearly indebted to the equivalent of all the privately held wealth in the world and possibly more!

Remember that the next time someone says, "The US is the richest country on Earth". It is much more accurate to state that the US is the most bankrupt and indebted country in the history of the world.

TALLYING UP THE TOTALS

We are dealing with massive, incalculable numbers here, of course. Certainly it is impossible to calculate the value of all wealth in the world but the Boston Consulting Group's number of $152 trillion is reasonable. Zero Hedge calculated the total amount of global wealth at $223 trillion.

More: http://www.marketoracle.co.uk/Article46011.html

Via Anarcho-Capitalists' Forum: US Government Has Nearly As Much Debt As The World Has Wealth

Via Anarcho-Capitalists' Forum: US Government Has Nearly As Much Debt As The World Has Wealth

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