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20% Increase in Gold Over the Next 12 Months?
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<p>[QUOTE="longarm, post: 3225920, member: 76717"]Not including banks, companies in the US have around $7 trillion in total debt.</p><p>Go figure, that’s the highest amount on record. Ever.</p><p>More than 40% of all corporate debt is rated just one notch above ‘junk’ status.</p><p>And a full 14% of companies in the S&P 500 don’t even generate enough revenue to make interest payments.</p><p>Then there’s the consumer– supposedly the rock solid pillar that drives the US economy.</p><p>Consumer debt is on pace to reach a record $4 trillion this year.</p><p>Credit card debt is at an all-time high. Auto loans are at an all time high. Student debt is at an all time high.</p><p>And the average American has little chance of repaying that debt.</p><p><b>According to a recent study published by the Federal Reserve, 40% of adults don’t have enough money to cover a $400 emergency expense like a medical bill or flat tire. </b></p><p><b>And 21% of Americans have ZERO savings.</b>[/QUOTE]</p><p><br /></p>
[QUOTE="longarm, post: 3225920, member: 76717"]Not including banks, companies in the US have around $7 trillion in total debt. Go figure, that’s the highest amount on record. Ever. More than 40% of all corporate debt is rated just one notch above ‘junk’ status. And a full 14% of companies in the S&P 500 don’t even generate enough revenue to make interest payments. Then there’s the consumer– supposedly the rock solid pillar that drives the US economy. Consumer debt is on pace to reach a record $4 trillion this year. Credit card debt is at an all-time high. Auto loans are at an all time high. Student debt is at an all time high. And the average American has little chance of repaying that debt. [B]According to a recent study published by the Federal Reserve, 40% of adults don’t have enough money to cover a $400 emergency expense like a medical bill or flat tire. And 21% of Americans have ZERO savings.[/B][/QUOTE]
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