![]() They are based upon currency supply – US M2. Yes the US debt clock numbers are a bit different. How much should the price of gold and silver be then?” “When I checked last time this US debt clock (AD 2021/ February ) was It remains to be seen as to whether this is a reversal of the uptrend or just a pause.Ĭheck out this post if any of the terms we use when discussing the gold, silver and NZ Dollar charts are unknown to you: Gold and Silver Technical Analysis: The Ultimate Beginners Guide We could yet see it dip lower to the 200 day moving average. It is still sharply below the uptrend line from a year ago. It’s down just 6 basis points from a week ago. NZ Dollar Little Changed After Previous Week’s Plungeįor a change, there has been little change in the Kiwi dollar. Now we are watching to see if silver can hold above the horizontal support line at $34.īut like gold our guess is that anything in this region is likely to be very good buying in the long run. Dropping below the rising blue trendline and below the 200 day moving average. Whatever happens this area is likely to be a very good long term buying area. But we could see gold dip lower to retest the horizontal support line. We’d say the odds still favour the bottom being in. As a result gold is down over 2% from 7 days ago. Dipping to “back fill” the sharp gap up higher that occurred the week before. If you were alive when Christ was born and you spent $1 million every single day since that point, you still would not have spent $1 trillion dollars by now - you would have spent about $734 Billion.As we warned it might last week, gold in New Zealand dollars fell this week. The deficit presently stands around $1.5 Trillion per year. It would take more than 31000 years (31709.792 years) to spend one trillion. Spending one dollar per second, it would take twelve days to spend $1 million.By May 2011 it stood at $14.3 Trillion - $600 Billion in 4 months. For President Obama, the debt started at $9.986 trillion in January 2009 and increased to $13.7 trillion, a 38 percent increase over two years, by January 2011.Eight years later, the federal debt stood at $9.986 trillion. Just before the start of President Bush's term, at end of calendar year 2000, the debt stood at $5.629 trillion.During President Obama's first two years in office, the U.S.government currently has to borrow approximately 41 cents of every single dollar that it spends. It did this by printing money out of thin air, "quantitative easing" in Washington double-speak. The World does not have enough money to lend the United States so for the nine months ending June 2011, the Federal Reserve purchased nearly all the debt issued by the United States Government.Increasing at 10% per year (see above) means we will hit the Greece level in 2012 or 2013. For Greece, who is having massive problems, the figure was 115.1% ( see here). For 2010, debt as a percentage of GDP was 94.3% in the United States.The budget deficit for 2011 alone will end up being well over 10 percent of GDP.In 2010 the United States issued nearly as much debt than the rest of the world governments combined.It increases by that amount every hour today (2010). On January 1, 1791, the US National Debt was $75 million.It is stealing from the future by spending their money today and reducing growth now which hurts everyone in coming years. #US DEBT CLOCK FREE#All of which will make the United States a much weaker and less free nation. The US National Debt matters because higher debt results in: higher taxes, reduced 'benefits' and programs, higher interest rates, and a weak dollar. ![]()
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