US nonfarm payrolls were better than expected. When Obama was in power the US balance sheet was 800 billion. Its now 7 trillion down from 10 trillion.
US debt continues to rise as balance sheet reduces. Debt to gdp ratio is over 100% which means the US economy needs to produce over 101% to be productive which is impossible. I wonder if the US sold every asset and took all the money from there citizens to pay off there debt, how there economy would look then? This is why u cannot lose in the long run with gold.
Ann: Change in substantial holding, page-23
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