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Old 22-11-2011, 03:59 PM   #1
truthseeker15
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Default The Coming U.S. Financial Crisis By The Numbers!

1 – For fiscal year 2011, the U.S. federal government had a budget deficit of nearly 1.3 trillion dollars. That was the third year in a row that our budget deficit has topped one trillion dollars.

2 – The balance sheet of the Federal Reserve has been ballooning like crazy. At this point, the Federal Reserve has very little capital backing a balance sheet that is well over 2 trillion dollars.

The following is how Michael Pento of Euro Pacific Capital describes the situation that the Fed is in….

Today, the Fed has $52.5 billion of capital backing a $2.7 trillion balance sheet.

Prior to the bursting of the credit bubble, the public was shocked to learn that our biggest investment banks were levered 30-to-1. When asset values fell, those banks were quickly wiped out. But now the Fed is holding many of the same types of assets and is levered 51-to-1! If the value of their portfolio were to fall by just 2%, the Fed itself would be wiped out.

3 – It is being estimated that it would take a total of 3 trillion euros to bail out all of the countries in Europe that are in imminent danger of financial implosion. Europe is heading for a gigantic financial crisis, and when it happens the United States is going to be dragged down as well...

Full List On: http://flipthepyramid.com/index.php/...by-the-numbers
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