With the national debt surging past $26 trillion, we asked top economists, analysts and policy makers why the deficit matters. Paul Krugman said the deficit doesn't matter too much and said instead the great danger is that America spends too little.
Scary that they say it does not matter. Dr Skidmore and his students using numbers supplied by the US goverment have found another 21 trillion missing from DOD and HUD, so add that to the 26 trillion plus all the infunded debt like madicare etc. China has been dumping its US bonds and cash as of later and buy a huge amount of commodities, they see where the USD is headed and with the amount of gold China holds maybe they plan to go into a gold backed basket of currencies, thus crushing thr USD as a world reserve currency. The US says they have gold but have not allowed a audit since the 50s. Many say it is now just gold plated tungsten. Nixon screwed America in 1971 when he closed the gold window. And the US screwd itself in 1913 when it gave 6 jewish owned banks the right to coin US money. They called themselves the FEDERAL RESERVE, nice name to make it sound like its the government but the Fed is as Federal as Federal Express. Zimbabwe and Venezuela and the Weimer Republic all tried to print their way out of depression and we know how that has turned out for them.. The only real no counter party risk currency in the world is gold. Got yours yet?