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Re: Gold Game Changed? are the Chinese supporting price?
not to hijack the thread - but I think that gold is climbing now due to the general realization of how bad things actually are...
it is so bad, even the NYT gets it...
http://www.nytimes.com/2009/11/23/bu...1&ref=business
PAYBACK TIME
Wave of Debt Payments Facing U.S. Government
With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.
In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan.
The potential for rapidly escalating interest payouts is just one of the wrenching challenges facing the United States after decades of living beyond its means.
not to hijack the thread - but I think that gold is climbing now due to the general realization of how bad things actually are...
it is so bad, even the NYT gets it...
http://www.nytimes.com/2009/11/23/bu...1&ref=business
PAYBACK TIME
Wave of Debt Payments Facing U.S. Government
With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.
In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan.
The potential for rapidly escalating interest payouts is just one of the wrenching challenges facing the United States after decades of living beyond its means.
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