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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.39+0.5%Dec 9 4:00 PM EST

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To: Slagle who wrote (12660)12/20/2006 11:19:02 PM
From: GoldBull no bug here  Read Replies (1) of 218304
 
Slagle, how much should a penny be worth?

...John Williams, he of the famous John Williams' Shadow Government Statistics site, who has issued an Alert which says that it looks like 2006 is a year of banner economic headlines, as evidenced by the triple headline "GAAP-Based Federal Deficit Jumps to $4.6 Trillion. Total Federal Obligations at $54.6 Trillion. Energy Pricing Gimmicks Distort CPI and Trade Deficit."



He says that this all comes from the U.S. Treasury, which has just released its "annual generally-accepted-accounting-principles (GAAP) basis financial statement, signed off on by Treasury Secretary Henry M. Paulson, Jr. The consolidated statements show that the actual annual federal deficit for fiscal year ended September 30, 2006 was $4.6 trillion, up from $3.5 trillion in 2005. Total federal obligations at year-end were $54.6 trillion, up from $50.0 trillion in 2005." Yikes!

from Mogambo news.goldseek.com
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