Wednesday, September 19, 2012

U.S. Debt is Really Down

FAST FACTS

Despite all the news hype about the debt hitting 16 trillion, it would seem that the amount we owe is down...if you calculate the debt in ounces of gold.

(Government Debt/Ounce of Gold)
FRED Graph

(Please do not laugh at the fact that we owe 9 billion ounces of gold.)



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