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Today, one of my favorite investors appears on TV and said Total US Assets is around 95 Trillion, and we have 15 Trillion in Debt, so total US net worth is 80 Trillion dollars.
Asset - Liability = Equity
Amazing numbers, if you take that divide by the population numbers, you will get around $220,000 per person.
I hear all day that people say we are broke, no... we are not.
Last edited by bbnetworking; 12-09-2014 at 07:29 AM..
Today, one of my favorite investors appears on TV and said Total US Assets is around 95 Trillion, and we have 15 Trillion in Debt, so total US net worth is 80 Trillion dollars.
Asset - Liability = Equity
Amazing numbers, if you take that divide by the population numbers, you will get around $220,000 per person.
I hear all day that people say we are broke, no... we are not.
You have to first decide whether the scope of discussion is NATIONAL assets and debt, or HOUSEHOLD assets and debt, or BOTH.
Once you choose, you then subtract the corresponding debt from the corresponding assets to yield a net worth value.
What you must NOT do is subtract NATIONAL debt from TOTAL assets (including household assets) without also subtracting household debt. To do this yields a meaningless result.
Today, one of my favorite investors appears on TV and said Total US Assets is around 95 Trillion, and we have 15 Trillion in Debt, so total US net worth is 80 Trillion dollars.
Asset - Liability = Equity
Amazing numbers, if you take that divide by the population numbers, you will get around $220,000 per person.
I hear all day that people say we are broke, no... we are not.
Today, one of my favorite investors appears on TV and said Total US Assets is around 95 Trillion, and we have 15 Trillion in Debt, so total US net worth is 80 Trillion dollars.
Asset - Liability = Equity
Amazing numbers, if you take that divide by the population numbers, you will get around $220,000 per person.
I hear all day that people say we are broke, no... we are not.
There are many high revenue / profitable companies that have debt. We would never call them bankrupt.
It's hard to be broke when all your debt is denominated in the currency in which you can create. People try to make comparisons between the govt's finances and personal finance and it really can't be done
It's hard to be broke when all your debt is denominated in the currency in which you can create. People try to make comparisons between the govt's finances and personal finance and it really can't be done
That's like saying the inflation tax isn't really a tax.
No not really. Some countries are broke and can be forced into default. The US can only default willingly.
True, but if the US "prints" more money to avoid default, then the individuals with cash holdings will take a big hit on purchasing power. In effect they have "paid" the national debt.
This means someone with a lot of cash should consider a portion of the national debt to be theirs.
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