America, America, Are You Rich Holily?
(Amérique, êtes-vous riche saintement?)
SECTION I: Conspiracy Since They Are Smart Like Devils?
Is the US total foreclosure incident, now producing a $945 billion loss (estimated by IMF most recently), an act of conspiracy by the Bush Administration?
Is the 9/11 Terror, having resulted in a total $200 billion loss, an act of conspiracy by the Bush Administration?
And, if the Bush Administration had planned and executed the 9/11 Terror, involving hundreds of officials, officers, lawmakers, journalists, businessmen, and scientists in various fields who have been all silent in these years, how many people would the Administration have needed to carry out the Foreclosure or Subprime Loan Conspiracy?
But, for what reasons did the Bush Administration have to take a risk to carry out each conspiracy, namely, the 9/11 Terror and the Subprime Loan Terror? As a means for self-destruction for some profound cause, since they are very rich and smart like devils?
The answer is that the both of the 9/11 Terror and the Subprime Loan Problem are not acts of conspiracy by the Bush Administration, but the acts of negligence of the Administration.
They could have prevented both the 9/11 Terror and the Subprime Loan Problem, but did not for each specific reason.
(Anyway, as it is fatal for them to be found incapable of protecting the nation, they would rather choose to be regarded as having an ability at least to carry out the conspiracy. Put simply, “try to look like a great evildoer than a mere fool.” I don’t think those super-rich people in the U.S. are smart enough or capable of conducting the 9/11 Terror, placing a blame on AlQaeda and millions of anti-US Muslims in the world.)
I do not pursue the real reason for their fatal negligence here, but like to point at some important facts and present my view on the US economy now suffering a $945 billion loss due to the subprime loan problem after having suffered a $200 billion loss in the wake of the 9/11 Terror.
SECTION II: A Savior for House Losers, “Hillary” or “Obama”
I once estimated that two million US house owners are faced with a 200,000 dollar default each, resulting in a total $400 billion loss.
The New York Times reported the last summer on the emerging scale of the subprime loan catastrophe:
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There are regional and local differences, to be sure. Problems tend to be more pronounced in a few Midwestern states with weak economies, like Michigan and Ohio, and states with the greatest concentration of subprime loans, like California, Florida and Nevada. “But the trouble is not just a few places. It’s coast to coast now,” Mr. Zandi said.
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http://www.nytimes.com/2007/08/19/business/yourmoney/19bankrupt.html?pagewanted=1&ei=5088&en=5d2a4f7c44c6d85c&ex=1345176000&partner=rssnyt&emc=rss
Indeed, “Hillary” won or were expected to win in Michigan, Ohio, California, Florida, and Nevada.
But, despite this clear merit, she is expected to disappear from the main stage of the US politics as African Americans, rich young people, and more diversified citizens love to have President Mr. Barack Hussein Obama.
But, why do those house owners faced with foreclosure like to have President Mrs. Hillary Rodham Clinton who is good at dealing big money even personally?
Anyway, Mr. John McCain looks now very hopeful for the next US Presidency, good or bad.
SECTION III: 50 Trillion Dollars
According to The Wall Street Journal:
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So here’s some good news (at least for companies that serve the affluent). According to a study by Oliver Wyman, the management-consulting firm that’s part of Marsh & McLennan, total wealth held by the world’s financial millionaires — those with $1 million or more in investible assets — has grown to $50 trillion.
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http://blogs.wsj.com/wealth/2008/04/01/worlds-millionaires-have-50-trillion/?mod=WSJBlog
According to United States Government Accountability Office:
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Despite improvement in both the fiscal year 2006 reported net operating cost and the cash-based budget deficit, the U.S. government’s total reported liabilities, net social insurance commitments, and other fiscal exposures continue to grow and now total approximately $50 trillion, representing approximately four times the Nation’s total output (GDP) in fiscal year 2006, up from about $20 trillion, or two times GDP in fiscal year 2000.
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http://fms.treas.gov/fr/06frusg/06gao2.pdf
It looks like the US Government is keeping its hegemony over the world by giving 50 trillion dollars of its assets to the rich people in the world.
Anyway, it seems as though there were not a needed asset worth $50 trillion at the hand of the U.S. Government; but there is a total amount of $50 trillion assets among rich people in the world.
Of course, this is one of main reasons for paradoxical acts of the US Government looking like self-destruction or an effort to realize multi-polar world as some critics emphasize, since the value of the dollar is decreasing while the crude oil price is soaring up.
SECTION IV: US National Assets $50+ Trillion
As of 2005, the US national assets are estimated to be $52 trillion.
It is also expected that these assets continue to increase by $3 trillion every year.
So, it might be about $60 trillion in 2008.
It means that every US citizen has an asset of 200,000 dollars on average, since 300 million multiplied by 200,000 dollars is equal to $60 trillion.
Anyway, taking into consideration of $50 trillion deficits, the amount and an increase rate of the US national assets might be just of a book value.
Is American wealth based on a solid foundation or on sands?
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Only I can say to you is not to be overwhelmed by the number and value, $50 trillion or $60 trillion, since the value of labor of a pious Japanese Buddhist is 5000 trillion dollars if accumulated in Heaven as Jesus Christ declared.
(Why has not the French President made a TV appearance these days?
I am sensing an influence of the Mafia.
Rich men are often captured by Mafia girls in Europe, the U.S., and even in Japan.
That is why I am telling you that all you need is God but not wealth, since His Angels can make clear distinction between Mafia girls and moral girls who do not trust any big money.
If you are still vacillating, look at yourself with a soul wealth and devils cannot create but only the God can.)
