CNN Money is running an interesting feature by David Goldman entitled "10 countries, 10 solutions" which details the particularities of the global economic crisis facing 10 key countries. In typical old-media fashion, the layout makes no sense from a user-friendliness perspective, so I'm going to take significant liberties in reposting their original content. They also have a single table layout of the 10 countries here. Time Warner lawyers, if you're watching this, get your editorial guys to put their content into a more sensible format that doesn't require constant clicking and I won't have to go such lengths to discuss it and in turn will actually drive more traffic to your site. Got that? Good. Now then, first some

Alex’s Notes: You know, the word trillion has been used so much recently that it has perhaps lost its impact of how huge those numbers are.

For the entire history of the US, up to 1980 only $1.5 Trillion dollars were created and added to the money supply.

It has been said, that gold tends to revalue and do an “accounting” of all of the fiat money created and added to the monetary system since the last “accounting”.

The last accounting was in 1980, when gold reached $850 an ounce, based upon $1.5 Trillion of created and added up to that point.

I find it interesting to note, that since the last accounting in 1980, the US has added an ADDITONAL $12.5 TRILLION to the money supply, not to mention the additional $8 TRILLION that was added in the last half of 2008.

When gold does an “accounting” this time, what will it go to?

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