Yeah, I heard that the worlds total GDP is about $65 trillion, bad news
is that outfits like Goldman Sachs claim to have $900 trillion in
"assets" in circulation. A fake financial bubble that got us here in
the first place. The other day the head of Gold Sachs claimed that
"they were doing gods work and the little people don't understand".
Where's a chainsaw when you need one?
___________________________________
John Hermanson | CPS, Inc.
21 South Ln., Huntington NY 11743
631-424-2121 | www.zuiko.com
Olympus OM Service since 1977
Gallery: www.zuiko.com/album/index.html
Nathan Wajsman wrote:
> Yeah, talk radio is a dangerous source of news. China's total foreign
> exchange reserves are about $2 trillion, 70% of which is held in
> USD-denominated assets.
>
> The entire US GDP is about $14.5 trillion. The entire world's GDP is less
> than $100 trillion.
>
> When you hear absurd numbers, it is good to check a few facts.
>
> Nathan
>
> Nathan Wajsman
> Alicante, Spain
> http://www.frozenlight.eu
> http://www.greatpix.eu
> http://www.nathanfoto.com
>
> Books: http://www.blurb.com/bookstore/search?search=wajsman&x=0&y=0
> PICTURE OF THE WEEK: http://www.fotocycle.dk/paws
> Blog: http://www.fotocycle.dk/blog
>
>
>
> On Nov 13, 2009, at 1:24 AM, Brian Swale wrote:
>
>> Something heard on talk-back radio here today;
>>
>> Apparently China has 347 trillion US dollars in kitty, and they want to
>> spend
>> it. "They" are apparently about to go on a global spending spree. It's been
>> happening already here.
>>
>> Add to that the reported huge loans to the USA to fund the Iraq war, said to
>> be so huge that USA can never pay the loans back. Any repayment will just
>> add to the 347 trillion ...
>>
>> Brian Swale.
>> --
>> _________________________________________________________________
>> Options: http://lists.thomasclausen.net/mailman/listinfo/olympus
>> Archives: http://lists.thomasclausen.net/mailman/private/olympus/
>> Themed Olympus Photo Exhibition: http://www.tope.nl/
>>
>>
>
--
_________________________________________________________________
Options: http://lists.thomasclausen.net/mailman/listinfo/olympus
Archives: http://lists.thomasclausen.net/mailman/private/olympus/
Themed Olympus Photo Exhibition: http://www.tope.nl/
|