We the People are now 12.2 Trillion in debt!

From the AP:


Total public debt subject to limit Jan. 22 - 12.245 TRILLION
Statutory debt limit - 12.394 TRILLION
Total public debt O/S Jan. 22 - 12.302 TRILLION
Gold assets in September - 11.041 Billion

I remember sitting on my grandpas knee listening to stories of the good old days when the money supply was constrained or backed by gold. Silly old man, we don't need no hard currency!
This is the way to go, with our gold representing 0.0902% out of the total public debt. Pure awesomeness. Highly leveraged is the way to go!


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