Thursday, July 28, 2011

About the Debt Ceiling

What they are NOT telling us about the Borrowing Limit (aka Debt Ceiling);

The Debt ceiling is getting Lower every day because of inflation.

Today the Debt ceiling is 14.3 Trillion US$ or 303.4 thousand tons of Gold.

Last year, 2010, in June the Debt ceiling was 12.4 trillion US$ or 336.1 thousand tons of Gold.

So when measured in Gold the debt ceiling has fallen since last year by 32 thousand tons of Gold.

Why do I get the impression I'm hitting the upper atmosphere on a de-orbit without a heat shield?

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