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To: goldsnow who wrote (14040)7/1/1998 10:29:00 PM
From: Lalit Jain  Respond to of 116796
 
goldsnow,

US External debt tops 1 trillion dollars!

From USAGOLD site:

The United States suffered the indignity of having its net external debt top the $1 trillion mark for the first time in history. The United States far and away is the world's top debtor nation -- a dubious distinction -- and Japan holds close to $200 billion of that debt, second only to United Kingdom in that category.

usagold.com

ALSO,
The US Outstanding Public Debt as of 07/01/98 at 07:10:19 PM PDT is:
$$5,503,426,774,208.75


brillig.com

US gold reserves of 260M ozs @ $300/oz are valued at about $78 billion. This would back up only about 8% of the external debt, and only 1.4% of the total public debt.

Yes, Mr. AG, there is no inflation! in your dreams !

Regards, Lalit Jain