Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Bill Gross: US Worse Off Than Greece!

June 16, 2011 by mosesman

[vodpod id=Video.10914226&w=425&h=380&fv=]

  • No amount of BS called ‘news’ from the financial MSM can hide this fact. The United States of America is bust! It is in a far worse condition than the Eurozone. Not that the Eurozone is much better. It is just the less ugly of the 2 ugliest sisters!
    –
    US Is in Even Worse Shape Financially Than Greece: Gross
    by Jeff Cox, CNBC.com
    When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries, Pimco’s Bill Gross told CNBC Monday.
    –
    Much of the public focus is on the nation’s public debt, which is $14.3 trillion. But that doesn’t include money guaranteed for Medicare, Medicaid and Social Security, which comes to close to $50 trillion, according to government figures.
    –
    The government also is on the hook for other debts such as the programs related to the bailout of the financial system following the crisis of 2008 and 2009, government figures show.
    –
    Taken together, Gross puts the total at “nearly $100 trillion,” that while perhaps a bit on the high side, places the country in a highly unenviable fiscal position that he said won’t find a solution overnight.
    –
    “To think that we can reduce that within the space of a year or two is not a realistic assumption,” Gross said in a live interview. “That’s much more than Greece, that’s much more than almost any other developed country. We’ve got a problem and we have to get after it quickly.”
    –
    Gross spoke following a report that US banks were likely to scale back on their use of Treasurys as collateral against derivatives and other transactions. Bank heads say that move is likely to happen in August as Congress dithers over whether to raise the nation’s debt ceiling, according to a report in the
    Financial Times
    .

    …..
    “We’ve always wondered who will buy Treasurys” after the Federal Reserve purchases the last of its $600 billion to end the second leg of its quantitative easing program later this month, Gross said. “It’s certainly not Pimco and it’s probably not the bond funds of the world.”

end

Post navigation

Previous Post:

Gerald Celente: Collapse – It’s Coming! Are You Ready?

Next Post:

James Turk: Gold & Silver Have Bottomed, Summer Explosion Ahead !

Pages

  • About

Recent Posts

  • Scott Ritter: US Used Nuclear Talks to Set Up Israeli Strike on Iran | APT
  • ‘UNSPEAKABLE’: Iran Hits Israel with Three Waves of Counter Strikes
  • This Ends in Chaos: Bloodshed and Revolution in Coming Debt Collapse
  • “Israel is DESTROYING Itself by Attacking IRAN And Millions Could Die” Col. Douglas Macgregor
  • Israel Strikes Iran; Leftists Wage War Against America | Steve Quayle Joins Doug Hagmann | June 12, 2025
  • US War-Hawks ESCALATE: Neocons Make Pacific War Inevitable | Dr. Warwick Powell
  • (STAGED). A NEW WAR TO DISTRACT THE WORLD. Mannarino
  • The Middle East War – 2025
  • US Struggles to Sell $119 Billion in Bonds: The Most Dangerous Bond Auction has Begun!
  • Netanyahu ‘Shifts Blame’ To Trump’s, Exposes U.S. Hand Behind Israel’s Attack On Iran
  • “This Changes Everything” – Scott Ritter Says Israel’s Strike on Iran Could Spark Global War
  • This Debt Chart Proves We’re Near The End! #Debt #GDP
  • Next Shock Will Be Job Loss: Brace for Market Wake-Up Call by Fall | David Rosenberg
  • Chinese Exporters Are on the Brink of Bankruptcy. The US-China Tariff Talks Offer No Lifeline.
  • No Way Back — China’s Collapse Can’t Be Stopped, and the World is Watching
  • Expect $60-$70 Silver 3-5 Months | Michael Oliver
  • Gold and Oil Spike Higher as Israel Bombs Iran. World on the Brink of Major Conflict.
  • US-Israeli Deception Gave Iran False Security Amid Washington Green Light
  • Major Iranian Missile Impacts On Israel; IAEA Warns Radioactive Contamination Observed At Natanz
  • ⚡BREAKING: Nuclear EMERGENCY in Iran, Nuclear Bomb Test POSSIBLE, Russian GENERALS WARNING
  • Israel Under Attack LIVE I Iran’s Missile Barrage Smash Iron Dome; Tel Aviv Shakes, Israelis Flee
  • Mohammad Marandi: Iran to HIT BACK Hard for Israel’s Attack, US Must GET OUT NOW
  • Tel Aviv Faces Worst Of Iran Missile Attack; Building Destroyed, Chaos, Panic All Around; 60 Injured || IDF Says ‘All of Israel’ Facing Iranian Missile Attack
  • Israel Under ‘DOUBLE ATTACK’: Houthis Fire Missiles At Israel, ‘Avenges’ Iran After Op Rising Lion
  • HUGE! Tehran ‘Downs’ 2 Israeli F-35 Jets; IDF Female Pilot Captured Claims Report; IDF Denies
  • Iran Ballistic Missiles Slam Into Israel As Tehran Fires 200 Projectiles In Huge Revenge; Casualties
  • Iran Missiles Successfully Hit All Major Israeli Cities | Operation True Promise III Biggest Attack
  • ‘Wipe Out Tel Aviv NOW…’: Khamenei’s TERRIFYING Order Viral As Iran Rains 100+ Drones On Israel

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
June 2011
M T W T F S S
« May   Jul »
 12345
6789101112
13141516171819
20212223242526
27282930  
© 2025 Socio-Economics History Blog | WordPress Theme by Superbthemes