$64 billion Canadian for the damn Bankers

[darkbeaver]

Canada's 75 Billion Dollar Bank Bailout
The $64 Billion Federal Budget Deficit is intended to Finance Canada's Chartered Banks

By Michel Chossudovsky

Global Research, January 25, 2009

The Conservative government has leaked the details of Tuesday's budget. They have announced a $64 billion deficit.
The Harper government, which has consistently committed itself to a "balanced budget", now claims that deficit spending is required to boost the economy at the height of a major economic recession.
Does this constitute a turnaround in federal government economic policy?
Is the government really committed to running a budget deficit with a view to stimulating demand and reversing the tide of economic decline.
Or is there a hidden agenda?
A modest $500 million farm modernization program, a $1 billion fund "to send workers from hard-hit industries back to school", the reduction in the Goods and Services Tax (GST)... The figures do not seem to add up to a staggering $64 billion.
Where is the bulk of the money going? These budget allocations do not explain the dramatic increase in the budget deficit.
Canada's Bank Bailout
The budget deficit should come as no surprise.
It is directly related to a $75 billion dollar bank bailout program for Canada's chartered banks, announced, virtually unnoticed, four days before the October Federal election.
The bank bailout received close to no media coverage; its budgetary implications were not analyzed.
In a statement by Prime Minister Harper on October 10, the bank bailout was casually presented as a commitment by the Federal government to purchase an initial $25 billion in "secure" bank mortgages from the Canadian chartered banks. The transaction would be implemented through Canada Mortgage and Housing Corp;

"Canada Mortgage and Housing Corporation (CMHC) will purchase up to $25 billion in insured mortgage pools as part of the Government of Canada’s plan, announced today, to maintain the availability of longer-term credit in Canada." (Canada Mortgage and Housing Corporation Supports Canadian Credit Markets, CHMC Press Release, 10 October 2009)
​

The decision implies a money transfer into the coffers of Canada's financial institutions. The money is "fungible" and can be used

 

[Cannuck]

The budget deficit should come as no surprise.
It is directly related to a $75 billion dollar bank bailout program for Canada's chartered banks, announced, virtually unnoticed, four days before the October Federal election.

Why do people assume that because they didn't see it, it was "virtually unnoticed". I don't follow this kind of stuff and even I heard of the 75B CMHC shopping spree. The main question I would have is how this ends up on the balance sheet.

 

[SirJosephPorter]

Darkbeaver, that hardly sounds like a bailout. No money was given to the banks, bank loans were not guaranteed by the government, where does the bailout come in?

From what you said, it appears as if the government is going to buy secure mortgages (not risky, mind you, but secure, there was no sub prime lending in Canada) from the banks. It sounds like a good precautionary measure, I don’t see where the bailout comes in.

Canadian banks are in great shape, they don’t need a bailout. They are all paying a very healthy dividend (6 to 7 %), and none of them are talking of reducing the dividend. I am already heavily invested in Canadian banks, otherwise I would buy Canadian banks today. I would be opposed to bailout for the banks, as they do not need it.

A recent survey by IMF of all the world banks put Canadian banks as No.1 in terms of financial security, management, stability, fundamentals etc. By comparison, US banks ranked No. 40, British banks ranked 44. I think Swedish banks were No. 2



Canada's banking system is something we can justly be proud of.

 

[Kreskin]

Those are mortgages the government (CMHC) charged the borrowers to insure against default in the first place.

 

[darkbeaver]

Darkbeaver, that hardly sounds like a bailout. No money was given to the banks, bank loans were not guaranteed by the government, where does the bailout come in?

From what you said, it appears as if the government is going to buy secure mortgages (not risky, mind you, but secure, there was no sub prime lending in Canada) from the banks. It sounds like a good precautionary measure, I don’t see where the bailout comes in.

Canadian banks are in great shape, they don’t need a bailout. They are all paying a very healthy dividend (6 to 7 %), and none of them are talking of reducing the dividend. I am already heavily invested in Canadian banks, otherwise I would buy Canadian banks today. I would be opposed to bailout for the banks, as they do not need it.

A recent survey by IMF of all the world banks put Canadian banks as No.1 in terms of financial security, management, stability, fundamentals etc. By comparison, US banks ranked No. 40, British banks ranked 44. I think Swedish banks were No. 2



Canada's banking system is something we can justly be proud of.

Canadas banking system is private and plugged in to the rest of the central banks, when thier noses run we sneeze. Canada dosen't have a banking system, the system has banks in Canada. We no longer use The Bank of Canada as required by law I think. What the hell does the IMF know about economics? That dividend you're getting is my money. I don't care how you spin it, you're making off with my tax dollars. When I think of the deprivations I'v had to undertake so banks could thrive it makes me very angry. As an almost caught up taxpayer I think I deserve better government, one that would eliminate private banking in the most efficient manner , I favour hanging , not the least because of it's greeness in revitalization of the hemp fiber industry to fill the orders for gallows rope. Now that's job creation. We can save this economy by eliminating the rich. So how much do you know about these assets I'm buying for you, cuz I don't want you coming back next week for another twenty billion or so.
Oh and CMHC FANNIE MAE FREDDIE MAC isn't thier a similarity there? Maybe our banks are super good at being sneaky and hiding stuff, like money. I may hate loath and detest banks bankers ex bankers and future bankers and dead bankers but no body can accuse me of being biased I just lent the bastards buillions of dollars.

 

[darkbeaver]

 

[Said1]

So, you're basically saying you don't like banks?

 

[darkbeaver]

[SIZE=+2]ANOTHER REVIVAL[/SIZE]

by
William Krehm​

And there was the statutory reserves that required the banks receiving deposits redepositing with the central banks a fraction of the deposits they had received from the public. This acting on the amount of financing by originating in the deposit received by the bank rather than in the benchmark interest rates, it not only provided an alternative to endowing the banks with the sole power of stimulating or braking the economy. Reducing the control of the money supply to what the private banks can create, thus puts supreme economic and hence political power in their grip. And on top of that, to bail out the banks from their taking over mortgager trusts (the US “Savings and Loans”) in the 1980s brought about vast losses in bank gambles that misfired. Not only were they bailed out by the Bank of International Settlements a sort of war room to bring the bank their past glories of the pre-Depression and having all the borrowing of the government shifted from its own central bank which had been at near zero rates the net interest coming back to the government as dividends since the Bank of Canada had been bought out from its 12,000 private investors in 1938 And in the US by virtue of the seigniorage inherited from ancestral monarchs.
But in 1988 to help the banks out of its heavy losses in taking over the Savings and Loans, the BIS had declared the debt of developed countries risk-free, and thus needing no down-payment for banks to acquire. In Canada the banks increased their holdings of government bonds from $20 billion approximately to $200 billion. But then, notwithstanding the throng of private bankers at its knees nobody except central bankers connected with government were permitted to attend BIS meetings, the then manager of BIS, declared zero inflation the only acceptable rate of interest to achieve a perfectly flat (alias “inflation-free”) price level. However, prices can go up for reasons quite different from too much demand and not enough supply. They might go up because the public sector has grown as a portion of the economy. After all, nobody moving from a town of 10,000 to New York City is fool enough to expect his cost-of living to say the same. How then could it when humanity has been making just such a move, reflecting the need for more education, libraries, research institutions, universities, subways, museums, the very infrastructures of our culture and our future.
That brought the completely leveraged bonds issued when rates were lower tumbling, and threatened the collapse of the financial institutions throughout much of the world. Only the greatest standby fund to that date some $51 billion put up by the IMF, the US and Canada saved the day. And that convinced the Clinton government that the day of ever higher interest rates was over.
Oddly enoughCOMER The Committee on Monetary and Economic Reform

 

[darkbeaver]

So, you're basically saying you don't like banks?

The buildings themselves are fine constructions I'm sure. All bankers are not created equal. The banker should be seen and not heard. When the string is pulled the banker attends and assists the state with it's accounting machinations and then leaves the room to continue counting money and entering meticulous figures in transparent books, banking would be ilegal for private persons suspecially hereditary banking scum.
Banking is a fine vocation as long as they're regulated with with an iron fist and subjected to body cavity searches every twenty minutes. Ravenous animals like that should always be on short chains and rations.

 

[darkbeaver]

Sir Francis please excuse the frothing howling mad rant, it won't happen again today, I promise.;-):smile:

 

[L Gilbert]

Want info about BOC?

Management and corporate governance- About the Bank- Bank of Canada

Want info about the rest of the pigs in the trough?

RBC Financial Group - Information

CIBC - About CIBC

TD Canada Trust

Scotiabank - About Scotiabank

About Us: HSBC Bank Canada

BMO Financial Group

 

[darkbeaver]

The damp murkey slimey world of banking where round every corner waits an eight foot lizard with a deal.

 

[SirJosephPorter]

Canada doesn’t have a banking system; the system has banks in Canada. We no longer use The Bank of Canada as required by law I think. What the hell does the IMF know about economics?

Sorry, darkbeaver, but if it is a choice between believing you or believing the IMF, I would believe IMF any day. IMF says that Canada’s banking system is the best in the world, and that is good enough for me (your opinion to the contrary notwithstanding).

 

[darkbeaver]

Canada doesn’t have a banking system; the system has banks in Canada. We no longer use The Bank of Canada as required by law I think. What the hell does the IMF know about economics?

Sorry, darkbeaver, but if it is a choice between believing you or believing the IMF, I would believe IMF any day. IMF says that Canada’s banking system is the best in the world, and that is good enough for me (your opinion to the contrary notwithstanding).

Most of it's former client economies have a remarkably different perspective than you SIR Joseph. It's history from that perspective is largely modern western economic myth. A few short years ago they forcast the end of poverty through the miracle of the neo-liberal economic monolith. They, the IMF, are not talking about the real economy Sir Joseph, they are talking about a model that has no substance. There are at last count 5.5 billions humans who have none of your confidence.IMO

 

[darkbeaver]

Capitalism Snuffs out the Age of Enlightenment's Candle

by John Kozy


Global Research, January 26, 2009

 

[Said1]

Canada doesn’t have a banking system; the system has banks in Canada. We no longer use The Bank of Canada as required by law I think. What the hell does the IMF know about economics?

Sorry, darkbeaver, but if it is a choice between believing you or believing the IMF, I would believe IMF any day. IMF says that Canada’s banking system is the best in the world, and that is good enough for me (your opinion to the contrary notwithstanding).

Canada is merely in compliance with international 'banking supervisory frameworks', set by *gasp* the IMF. Membership has it's privileges. :lol:

 

[einmensch]

After John Kennedy was assassinated, by one man - that was assassinated before he opened his mouth - by a cancer stricken assassin that died before he said a word - silver was taken out of all currency in the western world. I note that some quote the trusted institutions--
Does the Royal Bank of Canada print or coin Canadian currency?
Who told Canada to cut hospital beds?
When did the Government of Canada give up the right to issue currency and determine its value?
When did the USA Congress give up all right to the Federal Reserve Bank, a private company? Here is a clip and or for those prepared to wade in two feet the full document.

President John F. Kennedy

PRESIDENT JOHN F. KENNEDY​

Document 100.1.3.2.0 31 of 39........
"The high office of the President has been used to foment a plot to
destroy the Americans freedom and before I leave office I must inform the
Citizen of his plight." PRESIDENT JOHN F. KENNEDY(10 days before he was
murdered)

On June 4, 1963, a virtually unknown Presidential decree, Executive Order
11110, was signed with the authority to basically strip the Federal Reserve
Bank of its power to loan money to the United States Federal Government at
interest. With the stroke of a pen, President Kennedy declared that the
privately owned Federal Reserve Bank would soon be out of business. The
Christian Common Law Institute has exhaustively researched this matter
through the Federal Register and Library of Congress and can now safely
conclude that this Executive Order has never been repealed, amended, or
superseded by any subsequent Executive Order. In simple terms, it is still
valid.
When President John Fitzgerald Kennedy - the author of Profiles in
Courage -signed this Order, it returned to the federal government,
specifically the Treasury Department, the Constitutional power to create and
issue currency -money - without going through the privately owned Federal
Reserve Bank.
President Kennedy's Executive Order 11110 [the full text is displayed
further below] gave the Treasury Department the explicit authority:
"to issue silver certificates against any silver bullion, silver, or
standard silver dollars in the Treasury."
This means that for every ounce of silver in the U.S. Treasury's vault, the
government could introduce new money into circulation based on the silver
bullion physically held there. As a result, more than $4 billion in United
States Notes were brought into circulation in $2 and $5 denominations. $10
and $20 United States Notes were never circulated but were being printed by
the Treasury Department when Kennedy was assassinated. It appears obvious
that President Kennedy knew the Federal Reserve Notes being used as the
purported legal currency were contrary to the Constitution of the United
States of America. "United States Notes" were issued as an interest-free and
debt-free currency backed by silver reserves in the U.S. Treasury.
In the illustrations below, a "Federal Reserve Note" issued from the
private central bank of the United States (the Federal Reserve Bank a/k/a
Federal Reserve System), is compared with a "United States Note" from the
U.S. Treasury issued by President Kennedy's Executive Order. They almost
look alike, except one says "Federal Reserve Note" on the top while the
other says "United States Note". Also, the Federal Reserve Note has a green
seal and serial number while the United States Note has a red seal and
serial number.
President Kennedy was assassinated on November 22, 1963 and the United
States Notes he had issued were immediately taken out of circulation.
Federal Reserve Notes continued to serve as the legal currency of the
nation. According to the United States Secret Service, 99% of all U.S. paper
"currency" circulating in 1999 are Federal Reserve Notes.
Kennedy knew that if the silver-backed United States Notes were widely
circulated, they would have eliminated the demand for Federal Reserve Notes.
This is a very simple matter of economics. The USN was backed by silver and
the FRN was not backed by anything of intrinsic value. Executive Order 11110
should have prevented the national debt from reaching its current level
(virtually all of the nearly $9 trillion in federal debt has been created
since 1963) if LBJ or any subsequent President were to enforce it. It would
have almost immediately given the U.S. Government the ability to repay its
debt without going to the private Federal Reserve Banks and being charged
interest to create new "money". Executive Order 11110 gave the U.S.A. the
ability to, once again, create its own money backed by silver and real value
worth something.
Again, just five months after Kennedy was assassinated, no more of the
Series 1958 "Silver Certificates" were issued either, and they were
subsequently removed from circulation.
Perhaps the assassination of JFK was a warning to all future
presidents not to interfere with the private Federal Reserve's control over
the creation of money. It seems very apparent that President Kennedy
challenged the "powers that exist behind U.S. and world finance". With true
patriotic courage, JFK boldly faced the two most successful vehicles that
have ever been used to drive up debt: 1) war (Vietnam); and, 2) the creation
of money by a privately owned central bank. His efforts to have all U.S.
troops out of Vietnam by 1965 combined with Executive Order 11110 would have
destroyed the profits and control of the private Federal Reserve Bank.


​

 

[TenPenny]

Good evening, and welcome to the looney bin.

 

[einmensch]

And we don't even recognizes LOONY as the insult it is!!! I'm having difficulty finding charts for Canada-HELP?

[FONT=Arial, Helvetica, sans-serif]Home | About | Columnists | Blog | Subscribe | Donate[/FONT]​

[FONT=Georgia, Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]Historical Per-Person Share of the National Debt[/FONT][/FONT]

[FONT=Georgia, Times New Roman, Times, serif][FONT=Times New Roman, Times, serif]by Daylan Darby
[/FONT][FONT=Times New Roman, Times, serif]by Daylan Darby[/FONT][/FONT]
​

[FONT=Times New Roman, Times, serif]In the following table, columns 1 & 2 are the president and his last year in office, columns 3 & 4 are the debt and (estimated) population for that year (from the websites shown below), and column 5 is the computed per-person share of the U.S. National debt in that year’s dollars. The numbers are correlated to the year, but not the day (i.e., President Clinton left office in January of 2001, the debt number is from 09/30/2001, and the population estimate is from 1 July). [/FONT]
[FONT=Times New Roman, Times, serif]I considered, but ultimately rejected, another column showing the debt share in 2006 dollars because the several internet-based inflation calculators I consulted gave different results. However it is interesting to consider that in 1901 an ounce of gold cost (roughly) the per-person share of the debt, while today the per-person share is (about) 51 ounces of gold.[/FONT]
[FONT=Times New Roman, Times, serif]Some might argue that it isn’t fair to blame the president for the debt. I agree that congress is partly (or mostly) to blame; however, the president is responsible because of his ability to veto. And yes, he can line item veto – simply cross out the offending lines and veto the entire bill (with a note to congress that the bill will be signed after the offending lines are removed). Whether the fault is the president or congress, would honorable men (and women) vote (and sign) for such indebtedness?[/FONT]
[FONT=Arial, Helvetica, sans-serif]President (1)[/FONT]

[FONT=Arial, Helvetica, sans-serif]Year (2)[/FONT]
[FONT=Arial, Helvetica, sans-serif]Debt (3)[/FONT]
[FONT=Arial, Helvetica, sans-serif]Population (4)[/FONT]
[FONT=Arial, Helvetica, sans-serif]Share (5)[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Bush[/FONT]

[FONT=Arial, Helvetica, sans-serif]2006[/FONT]
[FONT=Arial, Helvetica, sans-serif]8,348,224,303,886[/FONT]
[FONT=Arial, Helvetica, sans-serif]295,734,134[/FONT]
[FONT=Arial, Helvetica, sans-serif]$28,229[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Clinton[/FONT]

[FONT=Arial, Helvetica, sans-serif]2001[/FONT]
[FONT=Arial, Helvetica, sans-serif]5,807,463,412,200[/FONT]
[FONT=Arial, Helvetica, sans-serif]284,796,887[/FONT]
[FONT=Arial, Helvetica, sans-serif]$20,392[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Bush[/FONT]

[FONT=Arial, Helvetica, sans-serif]1993[/FONT]
[FONT=Arial, Helvetica, sans-serif]4,411,488,883,139[/FONT]
[FONT=Arial, Helvetica, sans-serif]257,782,608[/FONT]
[FONT=Arial, Helvetica, sans-serif]$17,113[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Reagan[/FONT]

[FONT=Arial, Helvetica, sans-serif]1989[/FONT]
[FONT=Arial, Helvetica, sans-serif]2,857,430,960,187[/FONT]
[FONT=Arial, Helvetica, sans-serif]246,819,230[/FONT]
[FONT=Arial, Helvetica, sans-serif]$11,577[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Carter[/FONT]

[FONT=Arial, Helvetica, sans-serif]1981[/FONT]
[FONT=Arial, Helvetica, sans-serif]1,028,729,000,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]229,465,714[/FONT]
[FONT=Arial, Helvetica, sans-serif]$4,483[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Ford[/FONT]

[FONT=Arial, Helvetica, sans-serif]1977[/FONT]
[FONT=Arial, Helvetica, sans-serif]718,943,000,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]220,239,425[/FONT]
[FONT=Arial, Helvetica, sans-serif]$3,264[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Nixon[/FONT]

[FONT=Arial, Helvetica, sans-serif]1974[/FONT]
[FONT=Arial, Helvetica, sans-serif]492,665,000,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]213,853,928[/FONT]
[FONT=Arial, Helvetica, sans-serif]$2,304[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Johnson[/FONT]

[FONT=Arial, Helvetica, sans-serif]1969[/FONT]
[FONT=Arial, Helvetica, sans-serif]368,225,581,254[/FONT]
[FONT=Arial, Helvetica, sans-serif]202,676,946[/FONT]
[FONT=Arial, Helvetica, sans-serif]$1,817[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Kennedy[/FONT]

[FONT=Arial, Helvetica, sans-serif]1963[/FONT]
[FONT=Arial, Helvetica, sans-serif]309,346,845,059[/FONT]
[FONT=Arial, Helvetica, sans-serif]189,241,790[/FONT]
[FONT=Arial, Helvetica, sans-serif]$1,635[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Eisenhower[/FONT]

[FONT=Arial, Helvetica, sans-serif]1961[/FONT]
[FONT=Arial, Helvetica, sans-serif]296,168,761,215[/FONT]
[FONT=Arial, Helvetica, sans-serif]183,691,481[/FONT]
[FONT=Arial, Helvetica, sans-serif]$1,612[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Truman[/FONT]

[FONT=Arial, Helvetica, sans-serif]1953[/FONT]
[FONT=Arial, Helvetica, sans-serif]275,168,120,129[/FONT]
[FONT=Arial, Helvetica, sans-serif]160,184,192[/FONT]
[FONT=Arial, Helvetica, sans-serif]$1,718[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Roosevelt[/FONT]

[FONT=Arial, Helvetica, sans-serif]1945[/FONT]
[FONT=Arial, Helvetica, sans-serif]258,682,187,410[/FONT]
[FONT=Arial, Helvetica, sans-serif]139,928,165[/FONT]
[FONT=Arial, Helvetica, sans-serif]$1,849[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Hoover[/FONT]

[FONT=Arial, Helvetica, sans-serif]1933[/FONT]
[FONT=Arial, Helvetica, sans-serif]22,538,672,560[/FONT]
[FONT=Arial, Helvetica, sans-serif]125,578,763[/FONT]
[FONT=Arial, Helvetica, sans-serif]$179[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Coolidge[/FONT]

[FONT=Arial, Helvetica, sans-serif]1929[/FONT]
[FONT=Arial, Helvetica, sans-serif]16,931,088,484[/FONT]
[FONT=Arial, Helvetica, sans-serif]121,767,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]$139[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Harding[/FONT]

[FONT=Arial, Helvetica, sans-serif]1923[/FONT]
[FONT=Arial, Helvetica, sans-serif]22,349,707,365[/FONT]
[FONT=Arial, Helvetica, sans-serif]111,947,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]$200[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Wilson[/FONT]

[FONT=Arial, Helvetica, sans-serif]1921[/FONT]
[FONT=Arial, Helvetica, sans-serif]23,977,450,553[/FONT]
[FONT=Arial, Helvetica, sans-serif]108,538,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]$221[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Taft[/FONT]

[FONT=Arial, Helvetica, sans-serif]1913[/FONT]
[FONT=Arial, Helvetica, sans-serif]2,916,204,914[/FONT]
[FONT=Arial, Helvetica, sans-serif]97,225,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]$30[/FONT]​

[FONT=Arial, Helvetica, sans-serif]Roosevelt[/FONT]

[FONT=Arial, Helvetica, sans-serif]1909[/FONT]
[FONT=Arial, Helvetica, sans-serif]2,639,546,241[/FONT]
[FONT=Arial, Helvetica, sans-serif]90,490,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]$29[/FONT]​

[FONT=Arial, Helvetica, sans-serif]McKinley[/FONT]

[FONT=Arial, Helvetica, sans-serif]1901[/FONT]
[FONT=Arial, Helvetica, sans-serif]2,143,326,934[/FONT]
[FONT=Arial, Helvetica, sans-serif]77,584,000[/FONT]
[FONT=Arial, Helvetica, sans-serif]$28[/FONT]​

[FONT=Times New Roman, Times, serif]1. & (2) from http://www.whitehouse.gov/history/presidents/index2.html
[/FONT][FONT=Times New Roman, Times, serif]3. from http://www.publicdebt.treas.gov/opd/opd.htm#history
[/FONT][FONT=Times New Roman, Times, serif]4. from http://www.census.gov/popest/archives/1990s/popclockest.txt
[/FONT][FONT=Times New Roman, Times, serif]5. computed per-person share of nation debt (in year specified dollars)[/FONT]

[FONT=Times New Roman, Times, serif]March 27, 2006[/FONT]​

[FONT=Times New Roman, Times, serif]Daylan Darby [send him mail], a software engineer in Salt Lake City, Utah, is fascinated by numbers.[/FONT]
[FONT=Times New Roman, Times, serif]Copyright © 2006 LewRockwell.com [/FONT]​

[FONT=Verdana, Arial, Helvetica, sans-serif]Back to LewRockwell.com Home Page[/FONT]​

 

[einmensch]

U.S. National Debt Clock


[FONT=verdana,arial,helvetica]The estimated population of the United States is 305,533,849
so each citizen's share of this debt is $34,794.10. The National Debt has continued to increase an average of
$3.34 billion per day since September 28, 2007!
Concerned? Tatal about $1.63 Trillion
[/FONT]