US Federal Debt – Priced in Gold

Over the last decade, the government has inflated away more than half of the peak federal debt. It is now back to late 1960s levels; if we continue to halve the debt every decade, it could be back to 1930s levels by the 2030s. Of course, by that time, gold will be over $45,000/oz, gas will be $120/gal, a first class stamp will cost $13 if the USPS is still in business – not likely!, and a McDonald’s Happy Meal will probably set you back $90.

US Federal Debt

via US Federal Debt.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s