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.


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