Now of that 11.91 Trillion is the to

Now of that






11.91 Trillion is the total US consumer debt Homes, credit cards, student loans, auto loans all secured by assets...

except credit cards...which is only 712 Billion of 11.91 Trillion...

59.66 Trillion - 11.91 Billion = 47.75 Trillion

So what is the 47.75 Trillion rest of the world Debt secured with? Paper money? China is Tapped Out...they only have 1% of their gold in reserves.

I'm a Crazy Scots-Irishman Blue Blood... It's probably not a good idea to listen to me...everything I say is of my opinion. I'm not a good place to get investment advise...