Showing posts with label staggering. Show all posts
Showing posts with label staggering. Show all posts
Tuesday, November 24, 2015
Wednesday, October 28, 2015
Tuesday, December 24, 2013
Friday, October 25, 2013
Sunday, October 13, 2013
Wednesday, August 28, 2013
Saturday, December 22, 2012
US Debt & Liabilities Set To Increase A Staggering $70 Trillion
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/12/21_US_Debt_%26_Liabilities_Set_To_Increase_A_Staggering_%2470_Trillion.html
“Actually, institutional investment into gold, currently, is only about 0.3%. So we are talking about Japanese funds putting 1.5% to 3% or five to ten times as much (into gold) as the world average.I’m convinced that in the next few years institutions will put a part of their assets into gold because they have to protect their assets against the inflation we will be experiencing....“That (influx of new money into gold) will have a massive affect on the gold price.As we go to current action in the gold market, I totally agree with Andrew Maguire. We’ve seen heavy paper selling in a very thin market, while the physical market continues to be very strong.
As long as debt goes up, which it is guaranteed debt worldwide will go up, and as long as that continues the gold price will continue to rise and I expect a major rise in 2013.”Greyerz also added: “U.S. debt is increasing by approximately $1.5 trillion per year. If you add to that the increase in unfunded liabilities, you get an increase, only in 2012, of $7 trillion.So total debt and unfunded liabilities increase in 2012 by (a staggering) $7 trillion. If you multiply $7 trillion by ten years you get to $70 trillion. And you can see that the whole fiscal cliff debate is about a measly $1.2 trillion over ten years, against a potential increase in the total debt in the US of $70 trillion.So it is so sad to see this desperate situation when politicians worldwide refuse to face up to the real catastrophic state the world is in. Instead, they are just tinkering with the edges.”
Labels:
increase,
liabilities,
staggering,
US debt
Tuesday, November 13, 2012
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