Sunday, August 7, 2011

Here We Go Again: US now at a debt ratio of 100% of GDP

The US settles the debt ceiling issue by raising the artificial limit over $2 trillion dollars. Yesterday it used up $240 billion of that just to catch up. We are at 100% debt to GDP. Now we have interactive brokers raising their margin rates on silver and the silver haters are calling silver a bubble again.

Logic would dictate that we are seeing once again another artificial market intervention by the Elite. How else could you explain the dollar getting stronger when we just blew $240 billion yesterday with the promise to spend $2 Trillion more? Heck, even China and Russia are now publicly calling us parasites on the world economy. (more)