The other day, the media were filled with reports of the true indicators of public debt of the United States of America. Press is a statement of Professor Kotlikoff, a former economic adviser to Ronald Reagan, and Professor James Hamilton of Economics University of California. Then "Hvilya" appeared analytical material Alexander Rogers, too, regarding the U.S. debt. Updated with information about what the Germans demanded their gold from the cellars of the Fed left holding the bag: bullion as if there is, but for some reason they will remain in the United States. A little earlier, in July, on the topic of American gold made a sensational statement by one authoritative companion: Managing the Hong Kong hedge fund manager William Kay, a quarter of a century has worked on «Goldman Sachs».
German Bundesbank demanded the repatriation of its gold stored in the cellars of the U.S. Federal Reserve, the U.S. central bank but decided not to give Germany the gold.
But Germany at the central bank keeps the U.S. about half of its gold reserves.
And the more often you can hear that the gold from the Fed is not so much: it is either sold or given into debt, or used as a financial guarantee.
America is in debt
Managing the Hong Kong hedge fund William Kay, a quarter century has worked on «Goldman Sachs» in mergers and acquisitions, told about the missing gold, the Fed and Germany.
Kay told the interviewer that gold is handed in China in the rent. It recognized the major central banks - and the Fed and the European Central Bank and the Bank of England. All of them are involved in the wholesale of gold leasing market.
Here is a description of the "leasing" of practice: the Fed communicates with his agent, usually «JP Morgan », less« Goldman Sachs », and they say, 'OK, the price of gold should be restricted, here are 20, 30, 40, 50 tons of gold, which we give you for rent as his agent. But, theoretically, we can recall him back. "
The practice is different from the theory that called «JP Morgan »and« Goldman Sachs »gold received simply sell on the market. These banks from trading in precious metals held mainly short position in gold, winning the fall in prices, said Kay. And the Fed says: "... Well, we still have a contract in which in theory we can withdraw gold. So in the official documents we let that continue to own it. "
"But in reality, the gold was sold in the market. This gold is moved to places such as Beijing. But before we get to Beijing, it often passes through Hong Kong. And there it goes to our contractors for processing, to the same people with whom we deal. And by the way, Eric, maybe we hold that the gold that Germany considers its asset. But Germany will never see this gold, because it is safely stored in my account (s) accounts for our investors in the Hong Kong International Airport.
This is gold, which at the time of arrival in Hong Kong could be a symbol of the Bundesbank, the leading processor, one of the largest in the world, working with the People's Bank of China, has certified, "Yes, we got the gold, which can supply. We melted it, we determined the sample. Perhaps it was a sign of the Bundesbank on admission, but now it has melted. It 0.9999 (pure) gold. "
Gold Fed that Americans consider their own, left. German gold, which the Germans said that it will be picked up after seven years, generally do not have the Fed. It anywhere: at the People's Bank of China, at the Reserve Bank of India, the Russian Central Bank.
Now, comrade Kay concludes, the Fed and the U.S. Treasury, "probably do not have anything."
U.S. national debt has reached an incredible performance. According to official data, its size is approaching $ 17 trillion. dollars, but experts believe that the duty of a lot more.
The correspondent «RT» Katie Pilbeam held figurative comparison: the amount of U.S. government debt can be compared with the cost of the most influential IT-company: The official size of the U.S. debt is equal to the value of 40 companies «Apple», but unofficial amount of debt in excess of 70 trillion. $ 165 is equal to «Apple».
A former economic adviser to President Reagan Professor Kotlikoff believes that the situation is much worse: he estimates, we are talking about 211 trillion. USD, which is similar to the cost of 500 companies «Apple».
Number of seventy trillion calculated the staff of the Economic University of California (San Diego). By the conclusion that the United States gained more than 70 trillion. U.S. national debt, the study came to Professor James Hamilton.
According to official sources in Washington, said the channel «RT», since the beginning of the 2008 crisis, the U.S. national debt has increased from $ 5 trillion. Up to $ 16 trillion. $. Every year, taxpayers are forced to cover the interest on the debt of $ 220 billion
Where such a lot of debts? It turns out that five years ago, the U.S. Federal Reserve has pumped money into the economy and bought a lot of assets. This was called the long-term maintenance budget. It was assumed in this way to reduce interest rates and to attract investment into the economy.
Of course, the amount of the debt has been growing every year. Now, the Congressional Budget Office counted that mere interest on the debt in 2021 will exceed the government spending on the military in 2013.
James Hamilton does not understand how the authorities managed to conceal these huge sums. U.S. debt consists of debt of states, corporations and individuals, the future of social benefits, etc., in short, all the money that the federal government owes to all creditors.
Networking economic publication for investors "Market Leader" makes clear that the bulk of U.S. government debt accounts for medical program «Medicare» (about 55 trillion).
Interesting view of the head of the management company "personal strategy" Stanislaus Mashagina that causes "Market Leader". The expert believes that the United States bought the music themselves, because their liabilities are denominated mostly in U.S. dollars. For example, Warren Buffett argues that the U.S. government can not go bankrupt because it can print dollars to cover liabilities in dollars.
On the popular resource "Hvilya" a long article by Alexander Rogers, giving the overall picture of what is happening now in the United States.
U.S. national debt is about 16.9 trillion dollars, the author notes, and the GDP of the United States is officially 15.85 trillion. The ratio of debt to GDP is about 106.6% (from "being in a deep pit of Ukraine", the analyst compares this kind of attitude - about 90%).
In per capita terms, the U.S. national debt is over 53,400 dollars and on a per taxpayer has obtained 148 thousand dollars. Meanwhile, the annual income of the average American - 33000, with a tendency to decrease.
In this case, the U.S. trade deficit - 693 billion, of which 318 billion - the trade deficit with China.
In addition, in the United States begins the "parade of defaults" on the city level. In addition to Detroit, the direct route to bankruptcy are more than 450 U.S. cities. Among them are: San Diego, Providence, Long Beach, and even Los Angeles. "Parade" could take place in the autumn of this year and in 2014.
The author then proceeds to American companies. More precisely, to the largest corporations.
Out of the country over the past two decades has been derived approximately 43,000 manufacturing companies, or three-quarters of the industrial potential. All it took in the countries of the so-called "Third World." Steve Jobs once participated in a congressional hearing on the question, "Can I get a production« Apple »from China to the U.S.?", Said that for this purpose in the United States do not have sufficient technological base.
The analyst writes:
"Lockheed" - bankrupt. "Boeing" on the verge of bankruptcy and mass layoffs. "Hewlett Packard" - the loss of a significant part of the market and mass layoffs (but CEO not forget to write yourself a bonus of 250 million for the "effective control"). "General Motors" survived only due to the huge financial investments at the expense of the state. And these key industries only display the general bleak picture of the U.S. economy. "
Alexander Rogers believes the U.S. - is "a poster of a liberal market economy." For the "bright candy wrappers" out there "hidden rotten stuffing."
"Credit incentives (and other ways to stimulate the production in the market system is not) - a kind of drug, giving temporary lift followed by an inevitable decline. It happens everywhere, "marketeers" have the upper hand - in the U.S., the EU, have fallen under their influence in developing countries. In particular, we can observe the collapse of the industry in the countries of the former Soviet Union who have been liberal reforms. "
And every day to feed the illusion of well-being of the American market becomes more difficult, the author notes.
How does the fuel feed on illusions? Then clean postmodernism: Illusions feed on other illusions. The illusion of sitting on an illusion, and illusion chases. This lzhetvorchestve involved and large corporations. Here's a view from the United States itself (contrpost.com).
Analyst resents the fact that many Russian economists, including the "first-class", asserting that Europe comes out of recession, and the U.S. has completely left it. More recently, "one unrecognized genius" said that the United States are rising as much as 3.5% in the quarter. The author points out that it is - "utter poppycock." Corporate reports in America - the "solid basswood." Here's an example: the company "Enron" forged corporate accountability, and then collapsed in a single day. Today, almost any U.S. company on Wall Street, said the journalist, forges his papers - in order to show a profit. (Otherwise, the action will fail!)
Thus, the United States has been actively engaged in that or print their green wrappers (that is, their printing and primary production) or wishful thinking (and that of their services). In the inflation of financial and other bubbles, they have become the greatest experts. As for what was once told Congress, Mr. Jobs, it's not just the technological basis and in competition, and the super-profits that are used to get the owners of corporations. In this sense, from the «Apple» is no different than, say, a corporation «Microsoft». Pick up at least a computer mouse, which was released under this brand - and you can read on it: «Made in China».
German Bundesbank demanded the repatriation of its gold stored in the cellars of the U.S. Federal Reserve, the U.S. central bank but decided not to give Germany the gold.
But Germany at the central bank keeps the U.S. about half of its gold reserves.
And the more often you can hear that the gold from the Fed is not so much: it is either sold or given into debt, or used as a financial guarantee.
America is in debt
Managing the Hong Kong hedge fund William Kay, a quarter century has worked on «Goldman Sachs» in mergers and acquisitions, told about the missing gold, the Fed and Germany.
Kay told the interviewer that gold is handed in China in the rent. It recognized the major central banks - and the Fed and the European Central Bank and the Bank of England. All of them are involved in the wholesale of gold leasing market.
Here is a description of the "leasing" of practice: the Fed communicates with his agent, usually «JP Morgan », less« Goldman Sachs », and they say, 'OK, the price of gold should be restricted, here are 20, 30, 40, 50 tons of gold, which we give you for rent as his agent. But, theoretically, we can recall him back. "
The practice is different from the theory that called «JP Morgan »and« Goldman Sachs »gold received simply sell on the market. These banks from trading in precious metals held mainly short position in gold, winning the fall in prices, said Kay. And the Fed says: "... Well, we still have a contract in which in theory we can withdraw gold. So in the official documents we let that continue to own it. "
"But in reality, the gold was sold in the market. This gold is moved to places such as Beijing. But before we get to Beijing, it often passes through Hong Kong. And there it goes to our contractors for processing, to the same people with whom we deal. And by the way, Eric, maybe we hold that the gold that Germany considers its asset. But Germany will never see this gold, because it is safely stored in my account (s) accounts for our investors in the Hong Kong International Airport.
This is gold, which at the time of arrival in Hong Kong could be a symbol of the Bundesbank, the leading processor, one of the largest in the world, working with the People's Bank of China, has certified, "Yes, we got the gold, which can supply. We melted it, we determined the sample. Perhaps it was a sign of the Bundesbank on admission, but now it has melted. It 0.9999 (pure) gold. "
Gold Fed that Americans consider their own, left. German gold, which the Germans said that it will be picked up after seven years, generally do not have the Fed. It anywhere: at the People's Bank of China, at the Reserve Bank of India, the Russian Central Bank.
Now, comrade Kay concludes, the Fed and the U.S. Treasury, "probably do not have anything."
U.S. national debt has reached an incredible performance. According to official data, its size is approaching $ 17 trillion. dollars, but experts believe that the duty of a lot more.
The correspondent «RT» Katie Pilbeam held figurative comparison: the amount of U.S. government debt can be compared with the cost of the most influential IT-company: The official size of the U.S. debt is equal to the value of 40 companies «Apple», but unofficial amount of debt in excess of 70 trillion. $ 165 is equal to «Apple».
A former economic adviser to President Reagan Professor Kotlikoff believes that the situation is much worse: he estimates, we are talking about 211 trillion. USD, which is similar to the cost of 500 companies «Apple».
Number of seventy trillion calculated the staff of the Economic University of California (San Diego). By the conclusion that the United States gained more than 70 trillion. U.S. national debt, the study came to Professor James Hamilton.
According to official sources in Washington, said the channel «RT», since the beginning of the 2008 crisis, the U.S. national debt has increased from $ 5 trillion. Up to $ 16 trillion. $. Every year, taxpayers are forced to cover the interest on the debt of $ 220 billion
Where such a lot of debts? It turns out that five years ago, the U.S. Federal Reserve has pumped money into the economy and bought a lot of assets. This was called the long-term maintenance budget. It was assumed in this way to reduce interest rates and to attract investment into the economy.
Of course, the amount of the debt has been growing every year. Now, the Congressional Budget Office counted that mere interest on the debt in 2021 will exceed the government spending on the military in 2013.
James Hamilton does not understand how the authorities managed to conceal these huge sums. U.S. debt consists of debt of states, corporations and individuals, the future of social benefits, etc., in short, all the money that the federal government owes to all creditors.
Networking economic publication for investors "Market Leader" makes clear that the bulk of U.S. government debt accounts for medical program «Medicare» (about 55 trillion).
Interesting view of the head of the management company "personal strategy" Stanislaus Mashagina that causes "Market Leader". The expert believes that the United States bought the music themselves, because their liabilities are denominated mostly in U.S. dollars. For example, Warren Buffett argues that the U.S. government can not go bankrupt because it can print dollars to cover liabilities in dollars.
On the popular resource "Hvilya" a long article by Alexander Rogers, giving the overall picture of what is happening now in the United States.
U.S. national debt is about 16.9 trillion dollars, the author notes, and the GDP of the United States is officially 15.85 trillion. The ratio of debt to GDP is about 106.6% (from "being in a deep pit of Ukraine", the analyst compares this kind of attitude - about 90%).
In per capita terms, the U.S. national debt is over 53,400 dollars and on a per taxpayer has obtained 148 thousand dollars. Meanwhile, the annual income of the average American - 33000, with a tendency to decrease.
In this case, the U.S. trade deficit - 693 billion, of which 318 billion - the trade deficit with China.
In addition, in the United States begins the "parade of defaults" on the city level. In addition to Detroit, the direct route to bankruptcy are more than 450 U.S. cities. Among them are: San Diego, Providence, Long Beach, and even Los Angeles. "Parade" could take place in the autumn of this year and in 2014.
The author then proceeds to American companies. More precisely, to the largest corporations.
Out of the country over the past two decades has been derived approximately 43,000 manufacturing companies, or three-quarters of the industrial potential. All it took in the countries of the so-called "Third World." Steve Jobs once participated in a congressional hearing on the question, "Can I get a production« Apple »from China to the U.S.?", Said that for this purpose in the United States do not have sufficient technological base.
The analyst writes:
"Lockheed" - bankrupt. "Boeing" on the verge of bankruptcy and mass layoffs. "Hewlett Packard" - the loss of a significant part of the market and mass layoffs (but CEO not forget to write yourself a bonus of 250 million for the "effective control"). "General Motors" survived only due to the huge financial investments at the expense of the state. And these key industries only display the general bleak picture of the U.S. economy. "
Alexander Rogers believes the U.S. - is "a poster of a liberal market economy." For the "bright candy wrappers" out there "hidden rotten stuffing."
"Credit incentives (and other ways to stimulate the production in the market system is not) - a kind of drug, giving temporary lift followed by an inevitable decline. It happens everywhere, "marketeers" have the upper hand - in the U.S., the EU, have fallen under their influence in developing countries. In particular, we can observe the collapse of the industry in the countries of the former Soviet Union who have been liberal reforms. "
And every day to feed the illusion of well-being of the American market becomes more difficult, the author notes.
How does the fuel feed on illusions? Then clean postmodernism: Illusions feed on other illusions. The illusion of sitting on an illusion, and illusion chases. This lzhetvorchestve involved and large corporations. Here's a view from the United States itself (contrpost.com).
Analyst resents the fact that many Russian economists, including the "first-class", asserting that Europe comes out of recession, and the U.S. has completely left it. More recently, "one unrecognized genius" said that the United States are rising as much as 3.5% in the quarter. The author points out that it is - "utter poppycock." Corporate reports in America - the "solid basswood." Here's an example: the company "Enron" forged corporate accountability, and then collapsed in a single day. Today, almost any U.S. company on Wall Street, said the journalist, forges his papers - in order to show a profit. (Otherwise, the action will fail!)
Thus, the United States has been actively engaged in that or print their green wrappers (that is, their printing and primary production) or wishful thinking (and that of their services). In the inflation of financial and other bubbles, they have become the greatest experts. As for what was once told Congress, Mr. Jobs, it's not just the technological basis and in competition, and the super-profits that are used to get the owners of corporations. In this sense, from the «Apple» is no different than, say, a corporation «Microsoft». Pick up at least a computer mouse, which was released under this brand - and you can read on it: «Made in China».
