Sunday, August 25, 2013

US Government Liabilities over a 100 Trillion Dollars and Deficit 5 Trillion Dollars

 TruNews : One economist said if you add together all of the liabilities of the US Government , it's over a Hundred Trillion Dollars ?

Marc Faber : Yeah , probably even more , but these figures are real , if the US Government had to account like a corporation according to GAAP  rules and regulations then the deficit annually of the US Government would have been 5 trillion dollars - in a recent interview with TruNews Click Here to listen to the full interview >>>>>

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.


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