News Focus
News Focus
Followers 1077
Posts 115360
Boards Moderated 52
Alias Born 11/22/2003

Re: mick post# 798

Sunday, 10/18/2009 4:36:56 PM

Sunday, October 18, 2009 4:36:56 PM

Post# of 1824
mick, ex..$12T? Dallas Fed chief estimates US$99 trillion
as real federal debt and counting, and that's before
a federal health-care boondoggle now looming.

In a speech at the Kennedy School of Government in February,
he (Dallas Federal Reserve Bank Chairman Fisher) wrung his
hands about "the very deep hole [our political leaders]
have dug in incurring unfunded liabilities of retirement
and health-care obligations" that
"we at the Dallas Fed believe total over $99 trillion."

http://online.wsj.com/article/SB124303024230548323.html

the professor said; If the reader
sees this matter differently than I do
and wishes to use
ex..
20 trillion rather than 3.5 trillion,
then this will raise the model price of gold by a factor
of 20/3.5 = 5.7.

Instead of getting $7,000 an ounce, the user of 20 trillion
will get the value of gold $39,900 an ounce.

or use your trillions and
You tell me if that is reasonable....

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42576140
tia.
God Bless


Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today