One indeed may want to look at total current US deposits....and
a) $7 Trillion
http://www2.fdic.gov/sod/pdf/ddep_2008.pdf
Then estimate....
1) Bailout costs disclosed
http://amolpatil2k.blogspot.com/2008/10/bailout-bill-loops-in-green-tech-irs.html
2) Bailout costs not disclosed
3) Guarantees disclosed
4) Guarantees not disclosed
5) Oil deficit
http://www.eia.doe.gov/pub/oil_gas/...ons/company_level_imports/current/import.html
6) China (The WMT deficit)
http://www.census.gov/foreign-trade/balance/c5700.html#2008
7) Recent money dilution
http://www.federalreserve.gov/releases/h6/current/
8) Total stock and bond holdings
9) Total real estate holdings
10) Savings rate = 0
..................................................................................
What one knows is that :
stocks have declined over 50%
real estate has declined over 20%
$500 million to just over $1 trillion will be paid out for ME oil
and China trinkets....
Banks and brokerages have basically lost the majority of individual deposits.....and the US has formed a long term tax program so that the population can finance this loss to themselves............
Insurance companies have lost a significant portion of the retirement funds/insurance premiums that were entrusted....
We also know that many banks and insurance companies have not completed the markdowns.....
..............................................................................................
Thus in a nutshell....what is going to be the process whereby this wealth can be replaced in the fastest and best manner possible....?
1) Through increasing taxes on a diminished and diminishing base ?
2) Or by imposing a simple 10% consumption tax ...whereby the base will increase ?
.............................................................................................
One easily notes the known bailout amounts are more than 2x what is in savings deposits.....with far more to come ....
One also notes that 1/7 of savings deposits leaves the US for ME oil and China WMT trinkets every year.....
a) $7 Trillion
http://www2.fdic.gov/sod/pdf/ddep_2008.pdf
Then estimate....
1) Bailout costs disclosed
http://amolpatil2k.blogspot.com/2008/10/bailout-bill-loops-in-green-tech-irs.html
2) Bailout costs not disclosed
3) Guarantees disclosed
4) Guarantees not disclosed
5) Oil deficit
http://www.eia.doe.gov/pub/oil_gas/...ons/company_level_imports/current/import.html
6) China (The WMT deficit)
http://www.census.gov/foreign-trade/balance/c5700.html#2008
7) Recent money dilution
http://www.federalreserve.gov/releases/h6/current/
8) Total stock and bond holdings
9) Total real estate holdings
10) Savings rate = 0
..................................................................................
What one knows is that :
stocks have declined over 50%
real estate has declined over 20%
$500 million to just over $1 trillion will be paid out for ME oil
and China trinkets....
Banks and brokerages have basically lost the majority of individual deposits.....and the US has formed a long term tax program so that the population can finance this loss to themselves............
Insurance companies have lost a significant portion of the retirement funds/insurance premiums that were entrusted....
We also know that many banks and insurance companies have not completed the markdowns.....
..............................................................................................
Thus in a nutshell....what is going to be the process whereby this wealth can be replaced in the fastest and best manner possible....?
1) Through increasing taxes on a diminished and diminishing base ?
2) Or by imposing a simple 10% consumption tax ...whereby the base will increase ?
.............................................................................................
One easily notes the known bailout amounts are more than 2x what is in savings deposits.....with far more to come ....
One also notes that 1/7 of savings deposits leaves the US for ME oil and China WMT trinkets every year.....