GOLD 0.51% $1,391.7 gold futures

gold, page-157

  1. 5,615 Posts.
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    Is the USD about to be substantially devalued. There is a lot of commentary regarding a devaluation of the USD.
    The country is 160 trillion dollars in debt if you include their unfunded liabilities and their current account deficit is dismal. The country is literally broke and if not for fiat money they could not even pay their public service wages.
    http://www.nber.org/digest/mar06/w11541.html
    An old article by Warren Buffett
    http://www.marketwatch.com/story/warren-buffett-says-us-dollar-worthless-if-account-deficit-persists
 
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