Here's a shocking story your myopic popular news media have not covered: Since July 15 the U.S. government has borrowed $1.115 trillion!!!! That's not even four months! On October 3rd Congress set the debt ceiling to $11.3 trillion. and it's a good thing, too. The debt has just smashed through the former ceiling of $10.6 trillion and could crack through the new barrier about the time of Barack Obama's inaugural. As of November 6th we-the-people are in hock for $10.616 trillion. And that's only the public debt, not the trillions of un-funded liabilities hanging over our heads.
But not to worry. It can never be paid. In fact, for all the huge financial figures floating around in the bowels of computers, there is only some $830 billion of actual cash in circulation around the world. . That is, hand-to-hand U.S. coin and currency. If you have some of it stuffed in your underwear drawer you are better off than most folks.
(Clipped from Wrisley.com)
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