U.S. Per Person Debt Now 35 Percent Higher than that of Greece

U.S. Per Person Debt Now 35 Percent Higher Than That Of Greece

A chart from the Republican side of the Senate Budget Committee shows that “U.S. Per Person Debt is Now 35 Percent Higher than that of Greece.”

“According to estimates from the International Monetary Fund, America’s total government debt will be $16.8 trillion by the end of the calendar year, compared to $441 billion for Greece,” the Republican side of the Senate Budget Committee explains. “On a per person basis, that means U.S. debt is $53,400 for every

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U.S. vs China: Superpower Showdown

U.S. vs China: Superpower Showdown

USA-China-Economy-Comparison

These giants boast the world’s largest economies and active militaries, their decisions influencing politics at a global level. Despite a massive trade agreement and many diplomatic meetings, the two nations struggle to maintain the semblance of a civil relationship. As pressure mounts from U.S. leaders, China remains unfazed, cooly growing its military and economy. See how these two titans of industry and power measure up when

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24 Facts on Printing Money & The Price of Gold

gold-projections-2012

  1. Worldwide money printing continues unabated
  2. Just In 10 years $120 trillion have been printed making global debt $200 trillion
  3. World GDP has gone from $32 trillion to $70 trillion 2001-2011
  4. Thus $120 trillion debt is required to produce a $38 trillion annual increase in GDP
  5. The marginal return on printed money is negative in real terms
  6. Thus the world is living on an illusion of paper that people believe is money
  7. This illusionary paper wealth will implode in the next few years
  8. The initial trigger will be the collapse of the world’s reserve currency – the US dollar
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President Obama Says Path to Recovery Isn’t ‘Quick or Easy’

Sept. 7 (Bloomberg) — President Barack Obama formally accepts his party’s nomination for a second term and speaks about the 2012 presidential election, his administration’s policies and Republican presidential candidate Mitt Romney. He addressed the Democratic National Convention last night in Charlotte, North Carolina. (Source: Bloomberg)

Recently the International Monetary Fund declared the dollar should

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Has Paper Currency Failed America?

dollar-chart-1913-2012

Chart: U.S. Dollar 1913 to 2012

Throughout the centuries gold has been crowned the currency of  “Captains and Kings” and if the GOP has it’s way, it will again become the standard for the US dollar. The US dropped the gold standard in 1971, under Richard Nixon. At the Republican National Convention, the platform committee called on Congress to establish a “gold commission” which would examine whether or not to restore the country to the gold standard.

Lew Lehrman, author of “True Gold Standard” believes that in order to preserve America’s economic prosperity,

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