2010-10-13kingworldnews.com

``Truman’s idea that gold sales and debt reduction would reduce U.S. interest expense by $15 billion per year is the kind of nonsense one gets from static, linear analysis. In dynamic, nonlinear analysis, such gold sales would so undermine confidence in the dollar as to cause a skyrocketing of interest rates and an explosion of the U.S. deficit easily submerging the savings that Truman posits. ''



Comments:

catherine at 00:38 2010-10-14 said:
this is why I was scared of gold, talked to a guy who was a big guy at ft. knox 3 years ago and he saw the day that america would empty it out and sell it to pay their bills and it would (just like the oversupply of houses made the value go down) tank the value................. Permalink

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