U.S. Total Financial Liabilities July 2014
Jul 17, 2014
One measure of the financial leverage of the United States of America is the ratio of total financial liabilities to GDP. In this commentary I will compare this ratio today with the ratio in 1929 just prior to "The Great Depression". In 1929, the U.S. Government did not have social benefits liabilities as we do today so I will look at U.S. Total Debt then and now and social benefit Unfunded Liabilities as they are today.
Year 1929 1930 1931 1932 1933
U. S. GDP $104.6B $92.2B $77.5B $59.5B $57.2B USEconomy.about.com
U.S. Total Debt%GDP 183% 300% Early Warning
Note: U.S. Total Debt in this table is federal, state, local, consumer, corporate, and financial debt.
Table 1: U.S. GDP and U.S. Total Debt%GDP during The Great Depression
Year 2014
U.S. GDP $16.8T www.usdebtclock.org
U.S. Total Debt $61.5T www.usdebtclock.org
U.S. Total Debt%GDP 366%
Unfunded Liabilities $79.0T USAPonzi Fiscal Model
Unfunded Liabilities%GDP 470%
U.S. Total Financial Liabilities $140.5T U.S. Total Debt + Unfunded Liabilities
U.S. Total Financial Liabilities%GDP 836%
Note: U.S. Total Debt in this table is federal, state, local, consumer, corporate, and financial debt.
Table 2: U.S. GDP, U.S. Total Debt, and Unfunded Liabilities July 17,2014
As of July 17, 2014
Our U.S. Total Debt%GDP is 2X what it was in 1929 (366%/183% = 2.0)
Our U.S.Total Financial Liabilities%GDP are 4.6X what they were in 1929 (836%/183% = 4.6)
Our total financial leverage in 2014 is 4.6 times what it was at the start of "The Great Depression".
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