Gold Tracker's picture
Total American Debt

I was reading this morning this article:
GOLD FUNDAMENTALS STILL POINTING TOWARDS $2000+
And it struck some pretty good cords with me. Though I don't know if gold will hit over 2 grand but here's a graph that scares the pants off me

Total American Debt

As you can see here total US debt is growing faster than its national income. Ever tried to run a business which its debt grows faster than its income? Well, needless to say you would be heading straight into bankruptcy. And that's exactly what's happening with the US, they're heading straight into bankruptcy which is of course extremely dollar negative. The only way to work its way out of debt is through inflation.

Something to think about. The article includes a bunch more graphs and statistics worth considering.