It would take spending a MILLION dollars a DAY for twenty nine thousand six hundred YEARS to spend the 10.8 trillion dollars that is the US national debt.
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From the category archives:
Economics
I recently received an interesting email that the US Treasury has apparently sold out the entire remains of the United States gold to the Federal Reserve for a steal – at nearly $900 per ounce less than current market values. I have read several articles as of late relating to the balance statements of the Federal Reserve and it’s been pretty clear that there have been some drastic changes in the last few months.
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I’ve wondered to myself how they can keep the prices so artifically low for so long. Well, I think we’re finally starting to see the dam break and it’s coming back with a vengeance.
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I have been facing the magnitude of our current economic crisis for some time now. I expected it long before we ever got here…it’s just logical progression for those that are aware of the facts.
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This informative article deals with the blatant manipulation of gold and silver prices. As a precious metals investor for the past several years, I have had to deal with these manipulations which clearly make no sense at all.
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