Chris Marcus Blog | Is The U.S. Debt Actually $222 Trillion?! | Talkmarkets
Contributor's Links: Arcadia Economics

When the housing bubble burst back in 2008 I was still trading equity options on the American Stock Exchange.

At the time I was stunned, and found it odd how almost no one had seen it coming.

Yet when I started reading about the investors who had forecast the crisis and ... more

Is The U.S. Debt Actually $222 Trillion?!

Date: Saturday, June 16, 2018 7:25 PM EDT

bubble

Stunning interview with economist Laurence Kotlikoff….

Who calculates that if the U.S. government actually followed its own accounting rules that the debt is actually $222 trillion (as opposed to the publicly stated $21 trillion that most believe)!

He also mentions that when properly accounted for, the U.S. debtload is even more burdensome than Greece. And that the government has been intentionally hiding the numbers and running a massive Ponzi scheme for the past 6 decades…

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