July 2006 update: "Since the USA has exported almost all its manufacturing capital to China, it is subject to nationalization by China at any time, leaving the USA with not much more than 'intellectual property' rights to Mickey Mouse to try to sell to the rest of the world. "
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"... Laurence Kotlikoff ...[in]... research ... for the Federal Reserve Bank of St Louis, a leading constituent of the US Federal Reserve said that, by some measures, the US is already bankrupt. ... According to his central analysis, "the US government is, indeed, bankrupt, insofar as it will be unable to pay its creditors, who, in this context, are current and future generations to whom it has explicitly or implicitly promised future net payments of various kinds''. ... The total fiscal gap could be ... $65.9 trillion ... "...
funny tony.
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