The new BullionBuzz newsletter is out and as usual contains a number of good articles from different writers. This one by Peter Souleles looks at deficits ahead in the US and the need to own gold. Here is an excerpt: "The US government has approved a new debt ceiling of $14.3 trillion, an amount that can never be repaid but will one that will place increasing pressure on taxpayers as well as the world's economy. Ongoing deficits, rising interest rates, demographic speed bumps, stratospheric unfunded liabilities and the phenomenon of compounding will force the US government to renege on its promises. Alternatively, the nation will implode in an effort to meet those promises. The US government's debt is the greatest non-recourse loan in history, because it is not secured by anything; it's a credit card advance, and the cardholder keeps increasing the limit in order to keep spending." Read more here: BullionBuzz