Wasn’t That Elephant An Ant A Minute Ago?

It takes an accountant to be really confusing. But, when an Accountant and the Federal Legislature intersect; Magic – as in what you’re looking at may not be what’s really there.

Point in case: The International Financial Statistics report from the Financial Management Services of the Treasury ( http://1.usa.gov/mQ13G5 ). To calculate Assets, Gold Stock value is calculated using $42.2 per ounce, less than 1/35th market value.

Voila! or is it Oh My!?

About jackdetate

Married, 2 children, retired, enjoying unstructured time: "And then he drank a dew From a convenient grass, And then hopped sidewise to the wall To let a beetle pass." ~ Emily Dickinson
This entry was posted in Socio- economics. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s