Debt

The charts show the Gold's performance relative to US Government Debt and the ratio of Gold price to the US Money Supply.

The U.S. debt crisis has been avoided, but the Treasury must urgently issue an avalanche of very short-term bonds to pay its bills. How much money does the U.S. government need? Initial estimates put the colossal figure at $550 billion, to be found immediately, starting this summer.

"How inflation increases the cost of debt for the state", headlines Les Echos on June 30. So, the general belief is that a good wave of inflation will wipe out debts, but this would not be the case after all?

France will not publish a list of countries holding its public debt, contrary to the United States, for example. But we have nevertheless found, in exclusivity, some data.

Here’s new proof of the incompetence of French governments to manage the country’s debt. France issues 10% of its debt in inflation-indexed securities. This insane risk-taking will bring it to ruin if prices start to get into a skid.

Moody’s has decided on Monday night to downgrade France’s AAA rating. A French debt crisis would jeopardize all of the Eurozone