And how much money did America steal from you today?
The average American family robs the world at $ 7,200 annually. This is the conclusion reached by the author of the book Empire of Debt, Bill Bonner. Bonner simply took the size of the US trade deficit and divided it by the number of households.
The author analyzes the US relationship with its trading partners. So, China sells five times more goods to the USA than the USA to China. With other counterparties, the situation is similar. But the problem is not even a trade imbalance.
The fact is that America and the Americans have long been buying everything on credit. Even the war in Iraq is on credit, through an increase in public debt. Bonner has no doubt that these debts will never be paid in full, for this is simply impossible. After all, the ratio of private debt to public, plus unsecured pension and medical obligations, is more than $ 100,000 for every American, including infants.
')
We must honestly admit that the world is subsidizing the American lifestyle, the author says. Given that the book was published in 2006, and the size of the trade deficit has increased significantly since then, the estimate of $ 7,200 may be underestimated.
Source - The average American family robs the world at $ 7,200 annually. American statistics - time is free, but for an additional fee.
The author analyzes the US relationship with its trading partners. So, China sells five times more goods to the USA than the USA to China. With other counterparties, the situation is similar. But the problem is not even a trade imbalance.
The fact is that America and the Americans have long been buying everything on credit. Even the war in Iraq is on credit, through an increase in public debt. Bonner has no doubt that these debts will never be paid in full, for this is simply impossible. After all, the ratio of private debt to public, plus unsecured pension and medical obligations, is more than $ 100,000 for every American, including infants.
')
We must honestly admit that the world is subsidizing the American lifestyle, the author says. Given that the book was published in 2006, and the size of the trade deficit has increased significantly since then, the estimate of $ 7,200 may be underestimated.
Source - The average American family robs the world at $ 7,200 annually. American statistics - time is free, but for an additional fee.
Source: https://habr.com/ru/post/26562/
All Articles