USA and Italy Bankrupt!! Soon USA will need for itself intl. AID. Today Bank of America shares -3.27

[PkRevolution]

USA needs financial AID soon. Reason behind stopping Pakistan's AID is USA's Bankruptcy.

Fall of US and Italien Market on 11.07.2011.

U.S. States Slowly Slipping Into Bankruptcy and Beyond

Everyone is focused on Europe and their debt problems. The peripheral countries (i.e. PIIGS) of Europe are now being asked to sell off national assets to keep the bankers fat and happy. What a system, huh? Meanwhile, several larger states in the United States (e.g., Illinois, California) are quietly slipping into bankruptcy and beyond.

As of June 29, 2011, the Total Public Debt Outstanding of the United States of America was $14.46 trillion and was approximately 98.6% of calendar year 2010's annual gross domestic product (GDP) of $14.66 trillion. Using 2010 figures, the total debt (96.3% of GDP) ranked 12th highest against other nations.

Shares Bank of America: 11.07.2011 -3.27%

http://www.comdirect.de/inf/aktien/detail/chart_kd.html?timeSpan=10D&ID_NOTATION=255248

NASDAQ 100 : 11.07.2011
2.362,00 USD , -1,82%


Dow Jones

12.505,76 , -1,20%

ITALY: (Third largest economy of EU) :


Italy owes German banks 116 Billion euros. 11.07.2011

As financial markets increasingly turn to Italy, we should remember that Italy is the 3rd largest economy in the euro zone and it has deep connections throughout the euro area. This morning’s Handelsblatt says “if the country is in serious difficulties, the German banks have a problem.” And that is because Italy is among the largest debtors in the euro area of German financial institutions, with an estimated $116 billion of debt outstanding financed by German institutions.


http://en.wikipedia.org/wiki/United_States_public_debt

 

[habib22]

wrong Information USA-today reported the Deficit is 63 trillion not 14.6 the problem is way deeper then it look like

 

[PkRevolution]

wrong Information USA-today reported the Deficit is 63 trillion not 14.6 the problem is way deeper then it look like

Even better news. thanks

 

[anyie1]

USA has collapsed internally but they can not make it public,,,,,,,,,, the time is not far when we will see USA disintegrating into smaller countries.

 

[shamsheer]

USA has collapsed internally but they can not make it public,,,,,,,,,, the time is not far why we will see USA disintegrating into smaller countries.

India should donate some of the gold and ornaments found from the temple to US becuase all their economic revolution is totally dependent on jobs created by american corporate giants. It will be needed soon to sustain borrowed economic success. It is a vicious cycle.

 

[BrotherKantu]

Calif. politician calls for 13 counties to secede from the state



The south will rise! Southern California that is-according to a plan by one Riverside politician.

The red region would become "South California" according to Stone's proposal.

Riverside County Supervisor Jeff Stone says that he wants as many as 13 counties in Southern California to secede from the state.

CBS Los Angeles reports:

Stone said in a statement late Thursday that Riverside, Imperial, San Diego, Orange, San Bernardino, Kings, Kern, Fresno, Tulare, Inyo, Madera, Mariposa and Mono counties should form the new state of South California.

The new state would therefore encompass almost half of California's landmass, leaving out the strip of Southern California counties along the coast including Los Angeles, Ventura and Santa Barbara counties.

The red region would become "South California" according to Stone's proposal.
Stone said in a statement late Thursday that Riverside, Imperial, San Diego, Orange, San Bernardino, Kings, Kern, Fresno, Tulare, Inyo, Madera, Mariposa and Mono counties should form the new state of South California.

http://www.sfgate.com/cgi-bin/blogs/hottopics/detail?entry_id=92900

 

[only_truths]

They just suspended Aid. Itna gussa kyon woh rahe ho? You guys need to understand some facts about Pakistan economy before commenting or wishing others downfall?

1. Pakistan's major export partner is USA and major import partner is China.
2. Pakistan is today no.3 in the list of top USAID recipients. (next only to Afghanistan and Israel and ahead of even Egypt)
3. America is no. 2 destination for Pakistani Diaspora next only UK (due to colonial connection).


In 1960 PKR was approx. Rs.5 to a dollar, today it is Rs.85. I do not think any other currency in the world is positioned to take care of world trade other than USD in the next few decades (quote Manmohan Singh).

Most Arab countries currencies pegged to USD for e.g. Saudi, UAE, Bahrain, Oman, Qatar where thousands of Pakistanis work and send money to their families. If USD goes down , then remittance to Pakistan will go down. Bad for economy of Pakistan and families who have sent their hard working people outside to earn more money.

 

[PkRevolution]

SELL YOUR DOLLARS IF YOU HAVE, DO NOT WAIT MORE. BUY GOLD OR SILVER.

How nervous is OBAMA in this video clip few hours ago:

 

[PkRevolution]

 

[PkRevolution]

They just suspended Aid. Itna gussa kyon woh rahe ho? You guys need to understand some facts about Pakistan economy before commenting or wishing others downfall?

1. Pakistan's major export partner is USA and major import partner is China.
2. Pakistan is today no.3 in the list of top USAID recipients. (next only to Afghanistan and Israel and ahead of even Egypt)
3. America is no. 2 destination for Pakistani Diaspora next only UK (due to colonial connection).


In 1960 PKR was approx. Rs.5 to a dollar, today it is Rs.85. I do not think any other currency in the world is positioned to take care of world trade other than USD in the next few decades (quote Manmohan Singh).

Most Arab countries currencies pegged to USD for e.g. Saudi, UAE, Bahrain, Oman, Qatar where thousands of Pakistanis work and send money to their families. If USD goes down , then remittance to Pakistan will go down. Bad for economy of Pakistan and families who have sent their hard working people outside to earn more money.

Manmohan will see his life's biggest surprise soon. Sikhs need a bit longer. If he says few decades than you should change him immediately because he has no sense for economy.

You are confused. You don't know what you want to say. In Nr. 1 you are telling where import and exports go. In Nr. 2. you wrote that we recieve add and nr. 3 in ranking. Then in Nr. 3 you write about Pakistanis destination etc.??

US Dollar will be trade currency for next decades?? Is that only you or all Indians are nuts??

Forget Arabs. They don't run economy. Look what China says friend. Don't worry about Pakistan. Best brains of the world are close to take control of the country.

It is truth that India will be affected very hard. Closing eyes or forwarding to next is not a responsible way and solution.

 

[karachiwala]

They just suspended Aid. Itna gussa kyon woh rahe ho? You guys need to understand some facts about Pakistan economy before commenting or wishing others downfall?

1. Pakistan's major export partner is USA and major import partner is China.
2. Pakistan is today no.3 in the list of top USAID recipients. (next only to Afghanistan and Israel and ahead of even Egypt)
3. America is no. 2 destination for Pakistani Diaspora next only UK (due to colonial connection).


In 1960 PKR was approx. Rs.5 to a dollar, today it is Rs.85. I do not think any other currency in the world is positioned to take care of world trade other than USD in the next few decades (quote Manmohan Singh).

Most Arab countries currencies pegged to USD for e.g. Saudi, UAE, Bahrain, Oman, Qatar where thousands of Pakistanis work and send money to their families. If USD goes down , then remittance to Pakistan will go down. Bad for economy of Pakistan and families who have sent their hard working people outside to earn more money.

Of course your interests are in USA and it is understandable as you are also dependent on USA for all the jobs in IT are being exported from USA so you should live denial that US dollar will never go down because if does so do your good IT jobs!

 

[PkRevolution]

EU to hold emergency summit

European Union leaders were poised to hold an emergency meeting of finance ministers after acknowledging for the first time that some form of Greek default may be needed to cut Athens' debts and stop contagion to Italy and Spain.

http://www.irishtimes.com/newspaper/breaking/2011/0712/breaking2.html

The crisis are expanding to other EU countries.

 

[PkRevolution]

2nd August deadline for United States.