While the current federal debt is approaching 100% of GDP the real problem is the unfunded liabilities for Social Security, Medicare and Medicaid. When these obligations are added in, the real debt is in excess of 500% of GDP. That’s around $500,000 per man, woman and child, or $2 million per family of four.
To read John Rubino article: We Owe How Much??
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. Continue reading
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. This week: Euro: Current Course Is Leading to Disaster Continue reading
It’s a black or white issue: Either you own uncompromised bullion bars for which you have title documentation that are stored in secure allocated storage, or you have an unallocated account that can be settled in cash at the issuer’s discretion. Continue reading
.gif)
You must log in to post a comment.