Wednesday, April 6, 2011

United States Of Greece?

Helpful graph below to show how the bankrupt U.S. stands next to the bankrupt Greece.  (Hint: The U.S. is in far worse shape)


Oh, I forgot to mention, the bar for Greece above includes all of their local and municipal budgets, where the U.S. figure does not. (Meaning it would be even more ugly for the U.S. if that debt was included)

Why have you not heard about the U.S. fiscal crisis the way you have heard about Greece?  We have a magic tool called a printing press to purchase our debt, and they do not.

In other news, gold exploded up to an all time record high this afternoon while silver is closing in on $40.

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