B.Bernanke's $600 Billion U$D Bail-out Blow-out! Back of the envelope deconstruction!

Explanation: Just using figures off the top of my head and some lazy research on google I originally came up with this following back of the envelope calculation... [copy and pasted directly with no edits from a notepad file]

330,000,000 population of which 1/3rd are the working earning population = 110,000,000

$550,000,000,000 /annum earned in total by 2% of american workers earning $250,000/yr

$440,000,000,000 /annum earned in total by 20% of american workers earning $20,000/yr

$4,310,000,000,000 /annum earned in total by 78% of american workers earning $50,000/yr

$5,250,000,000,000 /annum earned in total by 100% of american workers.

So, 2% possess 10.1% of the cash. 20% possess 8.9% of the cash. 78% possess 81% of the cash. ... available in any 1yr.

Now since then it has come to my attention that there is less than 330 million people [300] in the US population and there is also 130 million tax paying workers, so my figures are quite error prone but within the acceptable ballpark!

Now just using my back of the envelope figures neither the richest 2% OR the poorest 20% could pay off this DEBT [which is also incurring interest but we'll overlook that for the moment] with the collective money either of those demographics pull in within a single year timeframe!

The richest would be short by about $50 Billion U$D and the poorest would be short by 3 times that amount! :shk:

This has obviously caused the U$D to fall when compared with other currencies and I for one can see how it's a sorta tit for tat USA getting back at China for keeping its own currency low etc... BUT its also affecting the USA's allies like Australia and a high AUD$ isn't completely helpful as a consequence!

Personal Disclosure: This is just FYI and requires no stars,flags or replies!

P.S. Average income is about $50,000 / yr. Can you live on that???

Explanation: Bumped to help generate ad revenue!

Personal Disclosure: Enjoy!

Originally posted by OmegaLogos
Explanation: Just using figures off the top of my head and some lazy research on google I originally came up with this following back of the envelope calculation... [copy and pasted directly with no edits from a notepad file]

330,000,000 population of which 1/3rd are the working earning population = 110,000,000

$550,000,000,000 /annum earned in total by 2% of american workers earning $250,000/yr

$440,000,000,000 /annum earned in total by 20% of american workers earning $20,000/yr

$4,310,000,000,000 /annum earned in total by 78% of american workers earning $50,000/yr

$5,250,000,000,000 /annum earned in total by 100% of american workers.

So, 2% possess 10.1% of the cash. 20% possess 8.9% of the cash. 78% possess 81% of the cash. ... available in any 1yr.

Now since then it has come to my attention that there is less than 330 million people [300] in the US population and there is also 130 million tax paying workers, so my figures are quite error prone but within the acceptable ballpark!

Now just using my back of the envelope figures neither the richest 2% OR the poorest 20% could pay off this DEBT [which is also incurring interest but we'll overlook that for the moment] with the collective money either of those demographics pull in within a single year timeframe!

The richest would be short by about $50 Billion U$D and the poorest would be short by 3 times that amount! :shk:

This has obviously caused the U$D to fall when compared with other currencies and I for one can see how it's a sorta tit for tat USA getting back at China for keeping its own currency low etc... BUT its also affecting the USA's allies like Australia and a high AUD$ isn't completely helpful as a consequence!

Personal Disclosure: This is just FYI and requires no stars,flags or replies!

P.S. Average income is about $50,000 / yr. Can you live on that???

edit on 17-11-2010 by OmegaLogos because: Edited to fix topic title. soz

50k a year sounds pretty damn good to me.

Sorry but unless i see a 'T' in the number then the number just does not hit the spot

$15t turned up in the UK
$600t Derivatives market
$1.5t Offical USA deficit p.a
$5t unoffical USA deficit p.a
$2.4t going missing the day before 9/11

it's game set and match not just for the USA but the UK and Europe and the reson for this is the same international clearing banks all being owned and operated by zionist bankers.

Fiat is the last thing you want and buying property is not the answer and in the USA you can now buy property for under $1000 but it's not realy your house when you are forced to pay tax on the land and thats going to go up by the ton load as the government goes for blood from a stone.

Double dip recession my left foot and we are seeing the end of the banking system as the pyramad scam comes crashing down around our ears in a woorld were bankers get pay rises for being bent and steeling peoples pensions.

20kg of rice for $15 is the best buy you could make today