Well, "PIRA", since you have posted without providing sources for your above assertion, well it's time to destroy you.
You said: "Real American's net household worth PLUMMETED 4% or, $57.4 TRILLION in the past qtr. July-September"
The Federal Reserve said the net worth of households fell by $2.2 trillion, or 4.1%, to end at $57.4 trillion. The decline comes to about $7,800 for every U.S. resident.
You claimed that the net worth fell $57.4 TRILLION, not $2.2 trillion. So you're either an illiterate moron or a liar.
It's the biggest decline since the $5.6 trillion loss suffered in the fourth quarter of 2008.
The drop in stocks in the quarter more than explained the overall decline in net worth, as the value of stocks held directly or indirectly fell by $3.2 trillion, or 17%.
That's a bit worse than the 14% decline in the blue-chip Standard & Poor's 500 index during the quarter. The period included the downgrade of the U.S. credit rating by S&P, along with rising worries about the risk of a new U.S. recession and a new meltdown in the financial sector due to the European debt crisis.
"PIRA": "This is a 328% INCREASE of our net worth LOSS of $17.5 TRILLION that occurred in the three years 2007-09!"
You fail at math AGAIN based on your first false assertion.
The best that I can find on the $17.5 trillion figure of the top of Google is the CSPAN vid citing the Federal Reserve, and the figure is until MARCH 2009. OH WAIT WHO WAS PRESIDENT FROM 2007 TO JANUARY 2009? GEORGE DUBYA BUSH!
"this quarterly loss is the highest since Oct-Dec.2008, when Fascist Demonrats, WASTED $5 TRILLION on foreign banks, crony capitalist friends of OweBaMao Bin Lying, unions , and States of Demonrat destruction."
Last Updated: March 12, 2009: 2:45 PM ET
NEW YORK (CNNMoney.com) -- Household net worth in the United States declined by $11.2 trillion last year, according to a government report issued Thursday, and Americans curbed their spending as they watched the value of their assets fall.
The Federal Reserve said household net worth, which is the difference between assets and liabilities, sunk by $5.1 trillion in the fourth quarter to $51.5 trillion. It was the sixth straight quarterly decline from the peak of $64.4 trillion in the second quarter of 2007.
Now tell me how $5 trillion of "household wealth" was spent on "foreign banks, crony capitalist friends of OweBaMao Bin Lying, unions , and States of Demonrat destruction."
Oh wait, you can't. Because George W. Bush was in office and SIGNED OFF on the bailout, which was a direct result of the lax regulation and oversight throughout his two terms. Household wealth dropped, because "household wealth" is the value of assets minus debts, and when the value of the primary asset (your house) takes a big hit, your household wealth goes in the toilet.
No, it was not "household wealth" that was spent, it was the TARP bailout and the secret government loans at the "Fed discount window" that was spent.
You have just been proven to be, at best, a fucking moron (by the "do not attribute to malice what can be adequately explained by stupidity" axiom), and at worst you are a deliberate troll. You were given an opportunity to prove your assertions, and you ignored it. The true figures were posted and pointed to you being wrong and twisting them for your own purposes. Enjoy the fact that you're thoroughly discredited, "PIRA".
As for the rest of the conservatives here, you had the opportunity to do the same and point out exactly where "PIRA" was either ignorant or lying, and you did not. In my book, you're complicit with this person. You could have spent 10 minutes on Google and corrected "PIRA" yet you all failed to do so. Since you don't want to stand up for the truth, your credibility takes the appropriate damage. Consider that from now on when you wish to argue about how "Fascist Demonrats" are ruining America.
Thank you and good night!