Commodity Trade Mantra

Posts Tagged ‘Credit Rating’

The US Gold in Fort Knox is Secure, Gone, or Irrelevant

The Federal Reserve has printed well over $3,000,000,000,000 since the financial crisis of 2008 – about ten times current market value of all gold that US supposedly still has in its vaults. All the US gold, when priced in current dollars, seems rather unimportant in relation to the QE1, QE2, QE3, QE to Infinity, and “print or die” economics.

$17 Trillion U.S. National Debt? Try $211 Trillion

The U.S. national debt, which the Treasury has accounted, continues to surge higher every day and is now at $16.95 trillion, to soon surpass the $17 trillion mark – But that is just the tip of the iceberg – The true indebtedness or fiscal gap is $211 trillion.

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