Christian Debt Recovery

National Debt 2008

July 29th, 2009 |

Author: Gavin

national debt 2008

Interesting Debt Statistics for the Usa

With all the talk of the recession, here are some interesting debt statistics that give you an over view of how bad the situation really is.

· Total U.S Consumer Credit Card revolving credit debt was $937.5 billion in November 2007.

· U.S. official gold reserves are worth $261.5 billion as of March 2008.

· The Strategic Petroleum Reserve is at $67 billion at a Market Price of $104/barrel with a $15/barrel discount for sour crude.

· Foreign exchange reserves are at $63 billion.

· The national debt, as of February 2008, was $30,400 per person U.S. population. That equated to about $60,100 per head of the U.S. working population.

· At the time of writing, estimates put the national debt at $37,000 each for every man, woman and child in the United States.

· Total U.S. household debt was $11.4 trillion in 2005. This included mortgage loan and consumer debt payments.

· Total U.S. household assets were $62.5 trillion in 2005. This included real estate, equipment, and financial instruments like mutual funds.

· The U.S. balance of trade deficit in goods and services was $725.8 billion in 2005.

· Global market capitalization for all stock markets was $43.6 trillion in March 2006.

· Net interest on public debts in the fiscal years of 2007 and 2008 was estimated at around $239 billion. This was estimated to be about 9.5% of government spending.

As you can see from this information the recession ahead could be long lasting and it is everyone’s responsibility to take action to survive the current crisis. You can find out how to protect yourself and your family, and come out of the current crisis in a stronger situation with this new ebook Surviving the Debt Crisis.

About the Author

Craig Maugham is a pen name. Craig has a background in research and reporting but felt that the subject and content of this book was too controversial to be released under his own name.

The author has done his best to provide a balanced account of how the crisis developed and gather the best information and theories, from a wide range of sources, about how to survive the current situation and be better placed to thrive in the future.

He believes that much of what is written about the situation is colored by personal or institutional bias.

Craig says, “The size and urgency of the current situation makes people suspicious and likely to react strongly against anyone that expresses a view which they do not agree with. This could affect the public perception of myself and the various organizations which employ me from time to time.”

You can get this book today from http://www.survivingthedebtcrisis.ebooks-excel.com/

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