Monday, February 29, 2016

U.S. beyond insolvent as financial filings show $3.2 trillion in assets and $21.5 trillion in debt

Each year the United States government files a financial statement showing their assets and liabilities through the Department of the Treasury.  And while previous years have been similar to 2015, in that their liabilities outweigh assets by a large margin, never before has the deficit been as extraordinary as it was calculated on Feb. 27.
This because the United States (which is a corporation by the way), has assets valued at $3.2 trillion while showing short-term liabilities at over $21.5 trillion.  This is a difference of $18.3 trillion in the red, and in every single instance of financial definition would make the country (or corporation) insolvent and bankrupt.


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