RE:US GOVERNMENT TREASURY IS EMPTY....
by Shiv Dholakia on Jun 30, 2007 08:15 PM Permalink
with all due respect, you have absolutely no idea in terms of having a global perspective or getting your facts even close to being right. american economy is doing very well, has recovered from every setback and shows tremendus resilience in the past few years. the GDP of America in terms of purchasing power parity is USD 13.13 trillion and India's is USD 4.156 trillion. Thats about more than 3 times less the GDP of US. Yes, the country has enormous debts but the GDP more than just makes up for it.
RE:US GOVERNMENT TREASURY IS EMPTY....
by UmaShankar SathyaKumar on Jun 30, 2007 08:56 PM Permalink
Get your facts right...GDP of US is 13.13 trillion..True...40% of which is of money borrowed from Overseas lenders such as China and Japan. So, it is a debt driven economy, which is about to break into pieces....
