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Reason: None provided.

The USA is 36 trillion in debt

$3.9T is in T-Bills. $4.0T is in T-Bonds. $13.7T is in T-Notes. That's $21.6T in public debt.

That's alot of gold.

None of those securities pay out in gold when they mature.

Where is the country that's already 36 trillion upside down going to find that much gold?

It's not that far upside down. Debt vs GDP is 120%. So, it's only very vaguely about $6T in the red, so far.

Face it, USA is bankrupt and trying to borrow more.

I think this is a cynical view, and one they would like you to have... their agenda relies on austerity, after all. This is just the same old wealth transfer in a new package.

1 year ago
1 score
Reason: Original

The USA is 36 trillion in debt

$3.9T is in T-Bills. $4.0T is in T-Bonds. $13.7T is in T-Notes. That's $21.6T in public debt.

That's alot of gold.

None of those securities pay out in gold when they mature.

Where is the country that's already 36 trillion upside down going to find that much gold?

It's not that far upside down. Debt vs GDP is 120%. So, it's only very vaguely about $6T in the red, so far.

Face it, USA is bankrupt and trying to borrow more.

I think this is a cynical view, and one they would like you to have... their agenda relies on austerity, after all.

1 year ago
1 score