America’s Debt, Gold And Japan

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America’s Debt, Gold And Japan

With an ongoing economic crisis caused by the costs of the war in Iraq and Afghanistan, outstanding mortgage credits, collapse of major banks, their bailout by the government, ever higher oil prices, trade deficit, the collapse of automotive industry, the current $13 trillion US debt could not be expected to be settled soon, especially given that, without economic growth, no nation could pay its debts. In addition, the national debt increases at an alarming pace every day, just the interest rate on that debt costing the US more than the war in Iraq, by no means a cheap one.

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