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Just The Facts

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News Brief 3

Published on Mar 12, 2014 News: Just the Facts, March 2014 - In brief today, more so than ever before global economics are playing a vital role in the encomic pictures of America's future as a global player.
Yes, this is the good news.

Federal Debt per person is about $53,630.
Today's Federal Debt is about $17,499,613,835,000 in Trillions.
2013 $415,688,781,248.40 Annual Interest on Debt in Hundreds of Billions

It doesn't include state and local debt, and it doesn't include the so-called unfunded liabilities of entitlement programs like Social Security and Medicare.

The last figure is Debt Per Person Adjusted for Inflation. Each man woman and child.

1987  $9,662  $16,607 
2000 $19,933  $22,606 
2008  $32,763  $29,718 
2011  $47,285  $41,053 
2014 $53,000       $    


Total interest payments -- the $220 billion plus $140 billion in interest paid for intragovernmental borrowing, such as tapping surplus Social Security funds -- was about $360 billion in 2012. That corresponds with the total debt of roughly $17 trillion.

Bottom Line:
-$200,000,000,000. American's Negitive Interest Annual, accruing and increasing with no end in sight. All taxpayors tax rate is double what is was in 2008 even though your not paying it yet. (ie) 20% is 50% tax rate.

Essentially, America is at a disadvantage because of the actions of past and current administrations. The .com industry was decentralized to India in the Mid 1990's which affected the GDP and took away millions of high paying high tech jobs, from Americans. Then, an want-to-be-american Chinese necular scientist was allowed to defect to China with Amercian nuclear secrets. The textile industry and some manufacturing was decentralized to China costing more mid-income American jobs. The final blow to Americans came about 1999 when the Glass Steagall Act of 1933 was repealed.
March 2014 Real Estate Economics
This act was installed to prevent future economic depressions in the United State of America. In it's simplist sense this act seperated Savings Banks and what they could invest public capital into, such as stable Blue Chip Stock's and what Investment Banks and Insurance Companies could invest into such as higher risk securities transactions in America and worldwide.

As we all know now the Banks went fraudgently wild in the real estate industry. This went virtuallly ignored by the 2000-2008 administration dispite warnings by the Federal Reserve Chairman Greenspan in 2004. Greenspan was the stablizer of 6 preceeding administration's and America's Growth begining with Ronald Reagan in 1987-2006 .

The Banks and Insurance Companies and made a lot of money up front and the were given unpresented bailout funds on the back end to reimburse them for their failed scheme, by the US Government at the cost of the American taxpayors. The perpertrators were bailed out and the companies who did not participate in the scheme were not bailed out of the recession and real estate depression.
The real estate industry secondary market (resale of mortgage backed securties) was really the only economic problem of the 2000-2008 administration.

This article mayl be admened but it is thought that the problem with FNMA and FHLMC ( Fannie Mae and Freddie Mac, et al) was less than 2 Trillion Dollars at the onset and once resolved in all probability less than 1 Trillion expense.
All other economic factors for Amercia were basically in line with a average 3.18% Rate Of Growth (aka) Inflation Rate, "CPI" Consumer Price Index. The only other issue was military spending of about 1.7 Trillion on the mid east war effort. Also the administration opened the door with the Patriot Act, that has and is currently being mis-interpeted for undiscolsed convert goverment affairs and personal financial gain, that that seeming was abolished during the Regan administration's Contra scandel by American opinion.

Government debt, including gross federal, state, and local, reached $3 trillion in 1987, and then breached $4 trillion in the recession year of 1990. In the 1990s debt reached $5 trillion in 1992, and $7 trillion at the peak of the business cycle in 2000. Debt breached $10 trillion in 2006 and $15 trillion in 2010. Gross debt, including all levels of government, will exceed $20 trillion in 2013.

Not to mention the Federal normal float or Balance is -800,000 Billion 2008 annual. Today 3-2014 it is approximately -4.8 Trillion.
-17 Trillion USA American's Debt-2014
- 4 Trillion USA Federal Reserve Debt-2014
-21 Trillion Total accruing-2014 (-24 Trillion)
-10.8 Trillion 2008-1960

The global market relys on "The faith and credit of the US Government." The current Administration' attitude is just ignore it.

What's the real numbers: News Kyle Becker Nov. 2013
The average share of total U.S. debt in the United States is $193,000 for each man, woman and child, according to a calculation of $60,016,701,192,365 in U.S. total debt by the National Debt Clock.