Deficits, Dollar, Treasury

U.S. to Trade Reserve Gold for Cash on

Given our huge budget deficits, the United States Treasury department has come up with a brilliant plan to meet the shortfall head on. With hundreds of billions of dollars worth of gold sitting around uselessly in places like Fort Knox, why not cash it in? Thus, Treasury Secretary Tim Geithner has proposed to sell all U.S. gold reserves to The super fair and ridiculously balanced Onion News Network reports:


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