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AND YOU THINK EUROPE HAS A PROBLEM.....

|Includes: Randgold Resources Limited (GOLD)

As someone has recently said: "Not owning gold (and silver) is a form of insanity!"
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Federal US Debt (States and Municipalities add 2.9 Trillions more) – 14 Trillions $

Annual Interest payed on federal debt (estimated at 2.8% average) – 392 Billions $

Annual Payments made to Foreigners to balance the trade – 627 Billions $

Federal Income Tax Receipts – 902 Billions $

Federal Corporate Tax Receipts – 192 Billions $

Annual “National Security” Expenses – 1.1 Trillions $ (conservative, details below)

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For the 2010 fiscal year, the president’s base budget of the Department of Defense rose to $533.8 billion. Adding spending on “overseas contingency operations” brings the sum to $663.8 billion.[1][2]

When the budget was signed into law on October 28, 2009, the final size of the Department of Defense’s budget was $680 billion, $16 billion more than President Obama had requested.[3] An additional $37 billion supplemental bill to support the wars in Iraq and Afghanistan was expected to pass in the spring of 2010, but has been delayed by the House of Representatives after passing the Senate.[4][5] Defense-related expenditures outside of the Department of Defense constitute between $319 billion and $654 billion in additional spending, bringing the total for defense spending to between $1.01 and $1.35 trillion in fiscal year 2010.[6]



Disclosure: I am long PHYS.