GOLD 0.51% $1,391.7 gold futures

three realistic gold targets: $6,000 $7,000 , page-10

  1. 2,388 Posts.
    I think Exters pyramid is somewhat out, 4 trillion seems very low.

    This is a chart showing the net debt of just 7 economies:

    Economic Indicator Listing in Year 2009








    Total Government Gross Debt (National Currency)
    Canada CAD 1,260.47 Billion
    France EUR 1,487.33 Billion
    GermanyEUR 1,745.22 Billion
    Italy EUR 1,761.19 Billion
    Japan JPY 1,032,388.53 Billion
    United Kingdom GBP 951.527 Billion
    United States US$ 11,863.19 Billion

    If $1 tillion is 1,000 billion then the US alone owes 11 trillion, added together there's at least $20 trillion just there. Add to that again the value of the currencies in circulation and the numbers get substantially higher.
 
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