Thanks for the reply. These numbers are GLOBAL numbers, not just the US. As for the Future Liabilities when you say that they won't have to be paid, try telling future Pensioners your theory when they are lining up for their Social Security Pension, or anyone lying on a bed in hospital, or debt payments, or keeping the lights on in the streets..........etc. If any of these don't need to be paid for then this will drastically reduce the Unfunded Future Liabilities but I think Pensioners would start rioting in the streets waving their walking sticks and zimmer frames if the can't buy their horlicks..!! Stephen