Eric Sprott Notes GAAP Deficit Of US Is $7 trillion

An interesting interview by USWatchdog of Eric Sprott. He touches on the comments Eric received during the Bloomberg interview last week about conspiracy theories of gold. Interesting was around the 10-11 minute mark his reference that there has been a delay this year till Jan, 2013 on the unfunded liabilities. Apparently if the US followed GAAP standards the deficit would be over $7 trillion this year! Gotta love government accounting techniques…

See interview here.

This entry was posted in Economics, Gold and Silver, World and tagged , , , , . Bookmark the permalink.

Comments are closed.