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America’s secret $365 bln asset: “It’s gold, Jerry. Gold!”

Posted on 03 March 2011

From Yahoo! Finance: With the U.S. facing large, structural deficits, analysts of all stripes are taking an inventory of the nation’s assets and liabilities. Mary Meeker, famed for her coverage of Internet stocks, has produced a long presentation on the nation’s balance sheet, as if it were a private-sector company.
Historian Niall Ferguson suggests in Newsweek that the U.S. start selling off some of its assets. “The U.S. government currently has $233 billion worth of non-defense ‘property, plant and equipment’,” he noted. Plus there’s land, power-generating assets and roads. (As if somebody would buy I-95)…………………………………….Full Article: Source


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VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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