Ron Paul: "The U.S. Government Must Admit It Is Bankrupt"

Discussion in 'Economics' started by bearice, Jan 8, 2011.

Is USA bankrupt?

  1. Yes

    93 vote(s)
    66.9%
  2. No

    46 vote(s)
    33.1%
  1. ElCubano

    ElCubano

    Thanks guys.....I enjoy these posts very much.
     
    #161     Feb 1, 2011
  2. 300,000 Tons of Gold and other treasures

    This gold find in the 1940's would have crushed the value of monetary gold around the world, per Weir. Because the US Government was the largest holder of monetary gold, it would have significantly devalued the US monetary reserves if made public . Too, its revelation would allow claims from certain Asian countries that the gold belonged to them. This would upset the balance of power and wealth in the region.

    Weir said that the treasure involved more than 300,000 tons of gold and other treasures. He did not state what part of the find was gold. But he did note that the total of all mined gold in the world was believed to be 140,000 tons. Thus, the Japanese gold find in the Philippines must have been at best only some part of the 140,000 tons.

    Therefore, per Weir, the US decided to keep the treasure find a secret. Every US President since Truman has known about the treasure and the organizations that grew up around it. Weir dogmatically asserts that the institutions that were involved with it are vast and powerful--including JP Morgan, Citigroup, AIG, the World Bank, Morgan Stanley and so forth. Accordingly, Washington power players from the early days of Bill Donovan and Edward Casey to recent times have used this treasure find to advance their own agendas through an organization known as “The Enterprise.”

    Weir wrote that after WWII a vast gold hoard of Japanese gold (most of which was stolen from other Asian countries) was found hidden in over 175 different sites in the Philippine Islands by a member of General Charles Willoughby's staff. Willoughby was General MacA rthur's Chief of Intelligence.

    This treasure, per Weir, has been known by many names including Yamashita's Treasure, The Golden Lily Treasure, The Black Eagle Fund and many others off shoots. This revelation became known to the public from the 2003 release of the book “Gold Warriors: America's Secret Recovery of Yamashita's Gold,” written by Sterling and Peggy Seagraves.

    http://www.marketoracle.co.uk/Article8813.html
     
    #162     Feb 1, 2011
  3. Cryptonomicon

    Highly entertaining.
    As for the actual content of your post, obviously if someone wrote a book about it (and obviously there's been more than one), it ain't secret, and any effect it would have on the price has long been discounted.
     
    #163     Feb 1, 2011
  4. There cannot be smoke without a fire. If USA has 100,000 Tons of gold that means USA has $4 Trillion worth of gold (estimated).
     
    #164     Feb 1, 2011
  5. And??? I have no idea what your point is.
     
    #165     Feb 1, 2011
  6. Nobody has idea what my point is.

    Anyway, my point is that there is massive quantities of hidden ancient gold in this world. When this hidden gold is available for sale, the gold price will crash immediately.

    I believe USA has $100,000 Tons of gold. I know USA. It is better that USA sell its 100,000 Tons of gold before hidden gold makes gold worthless. Finish it off. What are we waiting for?
     
    #166     Feb 1, 2011
  7. I think USA has estimated $7 Trillion treasures. The 300,000 Tons of treasure must have gold, silver, diamonds, precious metals and whatever. There cannot be smoke without a fire.
     
    #167     Feb 4, 2011
  8. Ed Breen

    Ed Breen

    Nobody knows what your point is because you write and copy silly and superficial things.

    What do you think we could get for all our nuclear weapons, rockets, plains, tanks, helicopters, satellites, ships and foreign bases? Maybe we could find your treasure, looking where all that smoke is coming from, sell all our military assets to China, wipe out our debt and then just build a wall around the U.S., kick out all foreigners, and generate all our power from the sun and wind, grow our own organic foods fertilized from the clean out of our composting outhouses that don't use water, and just tade among ourselves with a new currency based on sea shells, while China deals with the world...and borrowing from Chinese feudal history, we can think of ourselves as the new 'Sun Kingdom,' where all of our children will be above average as we work all classes all races, hand in hand, to become a new environmental utopia of equal outcome social justice where every one gets a Phd., but learns nothing, and everyone has a job laboring in thier field, without any national debt (save the liability of the issue of sea shells). Then we can all eat what we kill! Keep that cutting edge thought coming!
     
    #168     Feb 5, 2011
  9. Ed Breen, finally excellent post. Go back to nature where you came from.

    I am moving to Siberia or Alaska. everybody is welcome if you dare to come or if you are strong enough to survive.
     
    #169     Feb 5, 2011
  10. I'm still waiting on all the mint julips.

    Where's the ethics in public finance?

    Does a chart of the public debt look any different than the growth in equity of my autobot.

    If something is worth zero in the government, like death, but taxes are cool, it is likely that unless someone is paying for it for top dollar at what it takes to acquire it, that something that has zero value doesn't just mean that profit potential is infinity, infinity is created by black market regulated products, like obamacare, which after much consternation isn't where do we keep your prisoners if they escape?
     
    #170     Feb 5, 2011