How Goldman Sachs Helped Greece to Mask its True Debt

"Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature, and swell the country's already bloated deficit."

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How Goldman Sachs Helped Greece to Mask its True Debt

As the Article points out the Greek deficit stands at 5.2 percent of GDP. The irony is that this is rather harmless when compared to the US Deficit to GDP ratio of 10.64%.

see:US Deficit for 2010 at 10.64% of GDP

In light of all these surprises and fictional exchange rates: When buying precious metals for the long term buy physical bullion. Get the real thing instead of a paper promise which often gives you no way to convert to the actual metal and is backed by metal for only a a tiny portion of it's value.