gold, page-42535

Speaking of debt...

The US lost $1.2 Trillion in the past year according to their latest FY 17 annual financial report recently released...

https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/17frusg/02142018_FR(Final).pdf

Now $20.4+ Trillion in liabilities...

https://www.zerohedge.com/news/2018-02-27/us-government-lost-12-trillion-2017

And according to the government’s own calculations (on page 58), the “total present value of future expenditures in excess of future revenue” for Social Security and Medicare is MINUS $49 TRILLION.

Essentially this means that the two largest and most important pension and healthcare programs in the United States are insolvent by nearly $50 trillion. Altogether, the government is in the red by almost $70 trillion.


Like Simon Black mentioned in the article..."if the US govt were a business...it would have gone bankrupt, long, long ago".

Recipe for disaster at some point...