re: epsinolen: usa nett debt to pass 8 trillion do
debt needs to be viewed in relation to assets. maybe i should do an internet search on the assets of the united states. a $80,000 (or $8 trillion) debt for one person (or country), may be a burden, but for another person, it is nothing. as it is, the us national debt works out to be $27000 per person. translated in australian dollar terms, that works out to be about $36,000 dollars. i think that i could handle that. and what are interest rates in the united states - the government pays less than 5% - so servicing the debt might only be about $1000 per person, per year. after allowing for inflation, which in effect, lowers the debt in real terms, then maybe it is not as bad as some may think it to be
frankly - i do not know what it means - i hold gold shares, and hope that they go up
