http://gibrannicholas.com/2009/02/12/more-on-government-debts-deficits-and-debt-ratios/ Dialogues with Myself... Fri, 12 Mar 2010 05:59:08 +0000 hourly 1 http://wordpress.com/ http://gibrannicholas.com/2009/02/12/more-on-government-debts-deficits-and-debt-ratios/#comment-35 Sun, 01 Nov 2009 23:04:07 +0000 http://gibrannicholas.com/?p=185#comment-35 Hi Wayne! Thanks for your comment – the US Government has the authority to nationalize all the wealth of the United States. In other words, the US Government owns the entire US. Who owns the US Government? We, the people of the United States. It’s kind of mind bending because we are not used to thinking of things in those terms; but it is the truth. Our private rights of ownership as citizens of the US would not exist if the United States government did not exist to protect those rights. Now, is it likely that the US would nationalize all the private wealth in our country? Absolutely not. Just as it is unlikely that the US would impose a 100% tax on GDP, it is equally unlikely that the US would impose 100% tax on the private wealth of American companies and individuals. As a sovereign nation, the US has the right to do these things. As a sovereign nation that is run by elected officials, the US is unlikely to do these things. That is why economists gauge the solvency of a sovereign nation like the US in term of debt-to-gdp ratios and measurements like the ones I used in my post.

]]> http://gibrannicholas.com/2009/02/12/more-on-government-debts-deficits-and-debt-ratios/#comment-34 Wed, 28 Oct 2009 13:03:20 +0000 http://gibrannicholas.com/?p=185#comment-34 the US country may have $72.6 T, but the US Government does not. Unless of course, the US Government nationalizes the welath of all US households and businesses. What is the loan-to-value ratio for the US government?

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