Special Reports

Gross Direct Federal Treasury Debt

Gross Direct Federal Treasury Debt   The Tea Party movement was provoked, in major part, by the staggering debt which the federal government is incurring.  The dollar's official reserve currency status is like a line of credit for the Congress, allowing it to automatically borrow hundreds of billions of dollars without constraint.  This illustrates how such unrestrained borrowing power compounds into an enormous obligations by the U.S. Treasury and, ultimately, the American taxpayer. SOURCE: The White House: Council of Economic Advisors, 2011-02-23 … Read more

Raising the Ceiling

In 30 years, the national debt has gone from just under $1 trillion to $14.3 trillion, and is projected to reach just under $21 trillion by 2016. Congress has passed new debt limits over the years that allow the government to keep running, and is currently preparing to debate whether to raise the ceiling this year.   SOURCE: Office of Management and Budget, White House. GRAPHIC: Tobey/The Washington Post. Published on April 18, 2011, 10:59 p.m. … Read more

World Gold Production

World Gold Production

Estimated mine production excludes:
a. Waste and scrap
b. Official monetary gold
c. Gold in fabricated items
d. Gold in coins
e. Net bullion flow (in tons) to market from foreign stocks at the New York Federal Reserve Bank

Statistics acquired from: “World Gold Production” US Geological Survey (USGS) - Mineral Yearbook 2009; Mineral Commodity Summary, January 2011. … Read more

World Gold Holdings

World Gold Holdings 
    Statistics acquired from: World Gold Council.
World Gold Council, Jan 2011. Web. 1 Feb 2011. …

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Kathleen M. Packard, Publisher
Ralph J. Benko, Editor

In Memoriam
Professor Jacques Rueff

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