Why gold is going a lot higher ... portfolio manager, page-199

Skol, the US is 19 trillion in government debt and debt is increasing at 1 trillion a year; if they could not raise their debt ceiling they could not pay their public service employees or maintain their spending on military, which is 650 billion a year.
Most Americans earn USD30,000 a year and there are 45 million Americans on food stamps, living well below poverty level.
America's total debt with unfunded liabilities is 160 trillion dollars.
The US population is growing by 2.3 million people a year so of course there is some activity in the housing and car sector.
If the USA was a business it would have been closed many years ago, insolvent.
Lucky they can make money out of thin air to survive, at near zero interest rates too.