here are some figures on thhe american economy you might find interesting and europe and britain are in a similar position showing the austerity measures in place just wont work
us tax revenue $2,170,000,000,000
fed budget $3,820,000,000,000
new debt $1,650,000,000,000
national debt $16,271,000,000,000
recent budget cuts $38,500,000,000
lets now remove 8 zeros and pretend its a housold budget
annual family income $21,700
money the family spent $38,200
new debt on credit card this year $16,500
outstanding balance on the credit card $162,710
total budget cuts so far $385
would you lend money to the family above i know i wouldnt and that is why investors are no longer trusting bonds and fiat currency and instead turning to gold