Short Gold is more of a reason to buy Gold January 26th, 2008 - Short Gold may be Fools Gold, more Fed fraud, but the scams remain the same, conflict wars and taxes, bankrupting the middle class, the worry of greater meltdowns, the vulnerability of big stable funds, more reasons to just buy more metals
ten different ways to measure the nation:
"ON DEBTS AND DEFICITS:
-- The national debt in 2001: $5.7 trillion
-- The national debt in Jan. 2008: $9.2 trillion
[U.S. Dept. of the Treasury]
-- Monthly U.S. trade deficit in Oct. 2000: $33.8 billion
-- Monthly U.S. trade deficit in Oct. 2007: $57.8 billion
-- U.S. trade deficit in 2000: $380 billion
-- U.S. trade deficit in 2007: $759 billion
[U.S. Census Bureau, Dec. 12, 2007]
-- Value of one Euro in Jan. 2000: $1.01
-- Value of one Euro in Jan. 2008: $1.45
-- Loss of value of the Dollar relative to the Euro from Jan. 2000 to Jan. 2008: 45 percent
[Federal Reserve Statistical Release]
-- Value of an ounce of gold in 2000 (inflation adjusted): $319
-- Value of an ounce of gold in 2008: $892
[GoldPrice.org, Jan. 22 2008]
-- U.S. budget surplus in 2000: +$236 billion
-- U.S. budget deficit in 2007: -$354 billion" (3)
The economy of the United States resembles an aging train that lost it's brakes sometime last November and has been building up steam ever since, with very little notice from those who should have been sounding the warnings that might have prevented the arrival of this day: But 'so-it-goes!'
Happy New Year!
For an alert nation to keep up with what's going on in the world at the moment its citizens must expend far more effort and ask a lot more Questions than Americans are willing to do.
