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What else will foreigners buy, as US continues to sell itself
This is your stupidest post, ever! I’m not surprised. US cannot even pay its bills! The reality is, US is selling more and more of itself to the rest of the world. It owes nearly $9 trillion dollars in debts, which is more than 400% of current revenues. Add to that the current deficits, unfunded liabilities, under funded pensions, massive wave of baby boomers retiring soon, current account deficits, trade deficits, and almost $3 trillion dollars of currency owned by foreigners. The more realistic question you should be asking is, what else will US be selling away to foreigners, or as they say in finance, retrenchment, in order to pay the bills?
New York and California Real Estate, and US real estate in general, target REIT, LLCs, Partnerships, Commerical holdings
Raw Material Companies
What is next for sale in the US? Looks like foreigners want to diversify into real assets, and start moving away from dollars. So what's for sale now?
BTW, someone asked me how did I get the number over 400% of current revenues for our debts?
By end of this year, the accumulated debts will be $9 trillion plus (based on current deficits).
By US OMB numbers, our 2005 revenues were a little over $2 trillion dollars. Revenues pay the bills, so don't get that confused with the most often quoted number, the US GDP. GDP is not the same as revenues and GDP doesn't pay the bills.
Therefore, it's simple math. 9 trillion divided by 2 trillion, gives you 4.5 times. Another words, our debts are over 400% of our revenues. That does not sound like a creditworthy borrower, and Central Bankers around the world are rightly concerned.
[ Last edited by raymondusa at 2006-3-20 08:17 PM ]