S/V Danneskjöld: Obama spending, in Gold

Economic Fact of the Day:

As of 2010, about 166,600 tons of gold have been mined in the history of man.

The current value of all that gold is about 6 trillion US dollars.

The Obama administration has spent, since taking office, around 17.9 trillion US dollars.

Ergo, the Obama administration has spent all the gold in the world, three times over, in just 5 years. Nice.

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