Discussion in 'Financial Cents' started by learningsurvivor, Aug 3, 2012.
Isn't that a lot like the wolf checking the henhouse for wolves?
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So. Dot gov owns 34K +/- of the gold bars stored. I wonder who "owns" the other 500 or so K bars? (On loan to someone else, or pledged against a loan from someone else? Trusting folks, those someones.)
Yea, It would just like Obummer, to suddenly say, "All the Gold in our Vaults, is now Nationalized, and belongs to US, to Bad, so Sad"
Of course the RagHeads would cut off all our Oil, and China would DEMAND we Pay our Debts, but HEY, We would have a bunch of shiny Yellow Metal......
erm, 21 billion goes into 16 trillion ... well, just a little more than 1/10 of 1 percent of the national debt could be paid off if they sold our portion of the gold. Hell, the other 306 billion dollars worth in there still wouldn't make a dent in the US debt.
Time to print more money!
What I don't get is this 16 trillion number ??
What cloud was it pulled from ? In 2008 , it was the same number 15.8 trillion of internet flash web-page.
And in 2012 after all the throwing of money to banks,infrastructure,job creation bs and it's only 16 WTF !!
You don't need to pay China interest ?
Someone is fiddling the books , it's going too Byte Bad.
Actually the national debt in August 2008 was around 10.5 Trillion IIRC. so Zero and those congress critters tacked on an additional 50 percent since then.
Watch the debt and unfunded liabilities suck every dollars, scheckl out of the globe in real time
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