GOP knows that Obama will win a gain in 2012! GOP have gone chicken and knows that the battle is al (805)
raphael118: fact is thats true of both parties, the reverse is true too. but thats democracy. its really should be about what the individual wants.
Maybe, but an absolute truth belonging solely to Woebama-worshippers is that if they could bore a hole in themselves they could let the sap run out.
Hot_Single_Dude: Wow wow wow ladie sand Gents!
This is what I WAS TALKING A BOUT! A real debate and lively debate when people exchange ideas! Thank you all for participating in here! I am a little busy so will check in later on when possible... This place is for now absolutely taken over by teapublicans for sure but still no worries ... keep staying strong on ur views and do not allow ur self bashed a way because of results of this poll so far.
What can I say? More singles amoung right wingers and that have often been the case any where... and that is why so many right wigned do not even like their own shaddow when all counts and showing this much indifferent a bout human rights and equality and calm and peace and coexistens amoung human beings.
This is what I WAS TALKING A BOUT! A real debate and lively debate when people exchange ideas! Thank you all for participating in here! I am a little busy so will check in later on when possible... This place is for now absolutely taken over by teapublicans for sure but still no worries ... keep staying strong on ur views and do not allow ur self bashed a way because of results of this poll so far.
What can I say? More singles amoung right wingers and that have often been the case any where... and that is why so many right wigned do not even like their own shaddow when all counts and showing this much indifferent a bout human rights and equality and calm and peace and coexistens amoung human beings.
:-)<----------------You know it coming
The pending train wreck in Washington caused by the debt crisis reminds me much of multi car wreck in Monte Carlo. Were they had a 1m multi car accident of a Bentley ($363K), Austin Martin ($228K),
Porche 911 ($77K), Mercede S Class ($91k) and a Ferrari F340 ($186K).
The first car into the scrum was driven by a blonde. :-)
Someone might mention to these wealthy auto owners, it is easier to bump out the fender of a F-150 pick up. Than a high priced super duper.
Let us face facts, for the last two decades, Washington has been living super duper. And now when the train wreck is coming down the tracks. With the collision point being the oval office. All one has to know is that the trains are driven by the Reid/Polosi crew and the other is driven by the Boehener/Paul crew.
Washington has lived over its head. Over the head of the average American. Lived over the head of the illegal alien even. Both of the last two put in a honest day work. While in Washington DC, its a day of avoid and divide. Conquer and conquest. Now the two trains on the track are playing chicken with each other. Driven by people that see little eye to eye and less in person. They don't like each other after years of heated ideological debate.
Standing between the unrushing two trains in middle of the track waving a light signal to each train stands the President. Looking for Marine One to drop him a rope at the last instant to pull him to safety. Only Marine One is not in sight. And those two trains are might close.
Surely these wealthy auto owners in Monte Carlo represent the European elite. The same elite that so well backed Senator Obama in his presidency bid. Today they have a accident that cost thousands. The President is getting ready to have a accident that will cost Americans billions. And well should cost him a second term.
The morals of the story. Drive a Ford. It will get you to the same place a super duper will. And when you stand on the tracks with a pending train wreck coming at you, make sure you can see light at the end of the tunnel. You might just need to a make run for it.
Wow, you did take real estate 101 
raphael118: just to help u freddy a housing project is not commercial real estate, you dont want people laughing at you when you make funnies.
I can't believe it either!
Do you hear,Obama,Dude,Ralph etc?
Hot_Single_Dude: Correction!
GOP knows that Obama will win a gain in 2012! GOP have gone chicken becasue GOP knows that the battle is already lost!
GOP knows that Obama will win a gain in 2012! GOP have gone chicken becasue GOP knows that the battle is already lost!
Am reading a interesting article that breaks down the 14.3t debt down by catagories. Catagories that we can assign to political party and Presidents. Shall we have a go at it?
The 2001 and 2003 tax cuts............1.6t.................GWB & REP
.8t each
--
Additional interest cost..............1.4t................Both Parties
.7t each
--
War in Iraq and Afghan................1.3t...........am pro rating this between both GWB and Obama and since the DEM voted for the Iraq war...splitting between both REP and DEM 50/50
GWB...........................share of the wars..............1.04t
Obama.........................share of the wars............. .26t
REP...........................share of the wars............. .65t
DEM...........................share of the wars............. .65t
--
Economic stimulus package ........800b..................Obama & DEMs
--
2010 Tax Cuts.......................400b...................Split 50/50
between Obama and REP
Obama...............................Share of tax cuts...........200b
REP.................................Share of tax cuts...........200b
---
2003 Medicaide Prescription .......300b......................GWB & REP
---
2008 Financial Bailout.............200b......................GWB & DEM
shared 50/50
GWB share of financial bailout.....100b
DEM share of financial bailout.....100b
---
100s of billion less in REV from the recession of 2008
Split 50/50 between GWB and DEM
GWB...............................100b
DEM...............................100b
---
Other spending domestic, agri,defense...........less than 100b
Split 1/4 GWB and 3/4 DEM
GWB................................25b
DEM................................75b
Congress taping of the FICA Account.....4.6t
DEM ............................................................4.6t
So the tally and break down of the 14.3t debt is:
GWB.............................................................2.85t
Obama...........................................................1.46t
REP.............................................................2.95tt
DEM ............................................................6.725t
Note: Some is double accounted for both made the debt decisions jointly. Hence it does not add to 14.3t but to 14.5t
Clearly GWB debt is more than Obama's. But he was in office for 8 years compared to Obama's 3 yeas. While it the FICA tapping by Jimmy Carter and DEM that is the lion share of the DEM debt share.
Russia seeing the lack of support in Washington for NASA and Space.
Decided to crash the International Space Station into the ocean in 2020.
That is only 9 years away. Hopefully a new President will be in office and NASA will be up and running again by then.
Or else Russia will simply stop taking our astronauts to the station.
But consider why Russia wants the demise of the International Space Station? It is international made with sections from Canada, Japan, Europe, Brazil, the US and other countries. Russia hates this kind of international cooperation. It really does show how badly the USSR dropped from the world stage.
Not to mention that Russia hates the idea of a Astronaut (normally military trained) orbitting over Mother Russian every hour on the hour for months at a time. It is amazing what one can see from the Space station. The human eye strangely can pick up things in space that even the best of imagery systems miss. Movement often catch the human eye....and when that plume of smoke from a missile or rocket takes off....the human eye knows immediately what it is.
But such a ignoble end to the International Station? Just crash into the ocean? Why just plunge it into the Pacific? Nice that it misses large land masses. But why not moth ball it in orbit? To be opened at a date in the future. For launch point to the moon or mars? Ah.....now we come to the real reason.
With the Station sunk.....literally....it means that leap to the Moon or Mars has to come from earth's surface. That full gravity launch. That expensive gravity launch. It is cheaper to launch from weightless space than the gravity leaden Earth. Mother Russia wants those expensive launch contract in the future. The Space Station is a competitive vehicle to Russia's space plans.
We all know that this President is not leaping to the Moon or Mars. So do the Russians. That is why they propose this now. Obama will likely approve the deal to sink the Space Station into the ocean for the Russians. First he sinks NASA....now he get the chance to sink the Space Station.
So those partners in the International Space Station need to speak up.
Or get ready to see their little bit of space history sink to the birney deep.
Decided to crash the International Space Station into the ocean in 2020.
That is only 9 years away. Hopefully a new President will be in office and NASA will be up and running again by then.
Or else Russia will simply stop taking our astronauts to the station.
But consider why Russia wants the demise of the International Space Station? It is international made with sections from Canada, Japan, Europe, Brazil, the US and other countries. Russia hates this kind of international cooperation. It really does show how badly the USSR dropped from the world stage.
Not to mention that Russia hates the idea of a Astronaut (normally military trained) orbitting over Mother Russian every hour on the hour for months at a time. It is amazing what one can see from the Space station. The human eye strangely can pick up things in space that even the best of imagery systems miss. Movement often catch the human eye....and when that plume of smoke from a missile or rocket takes off....the human eye knows immediately what it is.
But such a ignoble end to the International Station? Just crash into the ocean? Why just plunge it into the Pacific? Nice that it misses large land masses. But why not moth ball it in orbit? To be opened at a date in the future. For launch point to the moon or mars? Ah.....now we come to the real reason.
With the Station sunk.....literally....it means that leap to the Moon or Mars has to come from earth's surface. That full gravity launch. That expensive gravity launch. It is cheaper to launch from weightless space than the gravity leaden Earth. Mother Russia wants those expensive launch contract in the future. The Space Station is a competitive vehicle to Russia's space plans.
We all know that this President is not leaping to the Moon or Mars. So do the Russians. That is why they propose this now. Obama will likely approve the deal to sink the Space Station into the ocean for the Russians. First he sinks NASA....now he get the chance to sink the Space Station.
So those partners in the International Space Station need to speak up.
Or get ready to see their little bit of space history sink to the birney deep.
ttom500: Russia seeing the lack of support in Washington for NASA and Space.
Decided to crash the International Space Station into the ocean in 2020.
That is only 9 years away. Hopefully a new President will be in office and NASA will be up and running again by then.
Or else Russia will simply stop taking our astronauts to the station.
But consider why Russia wants the demise of the International Space Station? It is international made with sections from Canada, Japan, Europe, Brazil, the US and other countries. Russia hates this kind of international cooperation. It really does show how badly the USSR dropped from the world stage.
Not to mention that Russia hates the idea of a Astronaut (normally military trained) orbitting over Mother Russian every hour on the hour for months at a time. It is amazing what one can see from the Space station. The human eye strangely can pick up things in space that even the best of imagery systems miss. Movement often catch the human eye....and when that plume of smoke from a missile or rocket takes off....the human eye knows immediately what it is.
But such a ignoble end to the International Station? Just crash into the ocean? Why just plunge it into the Pacific? Nice that it misses large land masses. But why not moth ball it in orbit? To be opened at a date in the future. For launch point to the moon or mars? Ah.....now we come to the real reason.
With the Station sunk.....literally....it means that leap to the Moon or Mars has to come from earth's surface. That full gravity launch. That expensive gravity launch. It is cheaper to launch from weightless space than the gravity leaden Earth. Mother Russia wants those expensive launch contract in the future. The Space Station is a competitive vehicle to Russia's space plans.
We all know that this President is not leaping to the Moon or Mars. So do the Russians. That is why they propose this now. Obama will likely approve the deal to sink the Space Station into the ocean for the Russians. First he sinks NASA....now he get the chance to sink the Space Station.
So those partners in the International Space Station need to speak up.
Or get ready to see their little bit of space history sink to the birney deep.
That Stinker ought to be ashamed of himself everytime he looks in the Mirror!Decided to crash the International Space Station into the ocean in 2020.
That is only 9 years away. Hopefully a new President will be in office and NASA will be up and running again by then.
Or else Russia will simply stop taking our astronauts to the station.
But consider why Russia wants the demise of the International Space Station? It is international made with sections from Canada, Japan, Europe, Brazil, the US and other countries. Russia hates this kind of international cooperation. It really does show how badly the USSR dropped from the world stage.
Not to mention that Russia hates the idea of a Astronaut (normally military trained) orbitting over Mother Russian every hour on the hour for months at a time. It is amazing what one can see from the Space station. The human eye strangely can pick up things in space that even the best of imagery systems miss. Movement often catch the human eye....and when that plume of smoke from a missile or rocket takes off....the human eye knows immediately what it is.
But such a ignoble end to the International Station? Just crash into the ocean? Why just plunge it into the Pacific? Nice that it misses large land masses. But why not moth ball it in orbit? To be opened at a date in the future. For launch point to the moon or mars? Ah.....now we come to the real reason.
With the Station sunk.....literally....it means that leap to the Moon or Mars has to come from earth's surface. That full gravity launch. That expensive gravity launch. It is cheaper to launch from weightless space than the gravity leaden Earth. Mother Russia wants those expensive launch contract in the future. The Space Station is a competitive vehicle to Russia's space plans.
We all know that this President is not leaping to the Moon or Mars. So do the Russians. That is why they propose this now. Obama will likely approve the deal to sink the Space Station into the ocean for the Russians. First he sinks NASA....now he get the chance to sink the Space Station.
So those partners in the International Space Station need to speak up.
Or get ready to see their little bit of space history sink to the birney deep.
While Xude was screaming Manchurian Candidate about McCain,the American People elected themselves one in the Persona of Obama!
Watch how Dude is going to scream Manchurian Candidate again!
Conrad73: yep,sure is!
I LIKED IT WHEN YOUR BELOVED GWB........barfed all over the prime minister of Japan at a dinner!!!!!!
Conrad73: That Stinker ought to be ashamed of himself everytime he looks in the Mirror!
While Xude was screaming Manchurian Candidate about McCain,the American People elected themselves one in the Persona of Obama!
Watch how Dude is going to scream Manchurian Candidate again!
While Xude was screaming Manchurian Candidate about McCain,the American People elected themselves one in the Persona of Obama!
Watch how Dude is going to scream Manchurian Candidate again!
raphael118: I LIKED IT WHEN YOUR BELOVED GWB........barfed all over the prime minister of Japan at a dinner!!!!!!
nobody barfs like Raphy and Dudes!Guess you know all about them things!
ttom500: It is so easy Dude. They have tons and tons of precious metals. They sell some of it. Instead of raising the debt level and making all Americans pay for a failing government.
If we just look at the gold reserves held by the United States, we are looking at about 8000 to 10000 tonnes. This will not even cover a trillion of the debt. So it is not that easy!!
mr1983: If we just look at the gold reserves held by the United States, we are looking at about 8000 to 10000 tonnes. This will not even cover a trillion of the debt. So it is not that easy!!
Sure it is. The gold is use as a collatrol for your debt ceiling increase. OK? Instead of the "good standing of the American government and people". You gold backed securities. Your creditors will lend on a 4 or 5 to 1 dollar ratio of loan to gold. Maybe even more with raising gold prices.
That with budget cuts.....gets yourself into a position for keeping your AAA rating.
A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t.
We all agree that a debt ceiling increase is needed. The question is does the Counties tax base act as the collatrol or something else?
You issues a new kind of bond and T-bill that is backed by gold and silver, and ask for that 4 or 5 to 1 ratio as the premium payment.
Compare that to this. If we are degraded to AA....it likely means a .5 interest hike across the board. What does that mean? $400b in additional interest payment (consumer, business, and government) over the next decade.
A old banker trick. If you have a asset that is not producing revenues, use it as collatrol for your liquity. The 10000 ton of gold reserve is just sitting there and doing? Nada. Put it to use. By the way, I am not sure what the gold and silver reserve in the country is. 10000 ton could be light.
Conrad73: nobody barfs like Raphy and Dudes!
Guess you know all about them things!
Guess you know all about them things!
your guy made an incredible, world class fool of the country dude!!!
but i guess you dont care about it being a foreigner who actually dislikes the u.s.
raphael118: your guy made an incredible, world class fool of the country DUDE!!!
but i guess you dont care about it being a foreigner who actually dislikes the u.s.
but i guess you dont care about it being a foreigner who actually dislikes the u.s.
We agree.
A idea silly that wont work to pay off the debt.
A great way to get out of being blamed for screwing our nation out of its top credit rating.
A great way to get out of being blamed for screwing our nation out of its top credit rating.
ttom500: Sure it is. The gold is use as a collatrol for your debt ceiling increase. OK? Instead of the "good standing of the American government and people". You gold backed securities. Your creditors will lend on a 4 or 5 to 1 dollar ratio of loan to gold. Maybe even more with raising gold prices.
That with budget cuts.....gets yourself into a position for keeping your AAA rating.
A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t.
We all agree that a debt ceiling increase is needed. The question is does the Counties tax base act as the collatrol or something else?
You issues a new kind of bond and T-bill that is backed by gold and silver, and ask for that 4 or 5 to 1 ratio as the premium payment.
Compare that to this. If we are degraded to AA....it likely means a .5 interest hike across the board. What does that mean? $400b in additional interest payment (consumer, business, and government) over the next decade.
A old banker trick. If you have a asset that is not producing revenues, use it as collatrol for your liquity. The 10000 ton of gold reserve is just sitting there and doing? Nada. Put it to use. By the way, I am not sure what the gold and silver reserve in the country is. 10000 ton could be light.
That with budget cuts.....gets yourself into a position for keeping your AAA rating.
A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t.
We all agree that a debt ceiling increase is needed. The question is does the Counties tax base act as the collatrol or something else?
You issues a new kind of bond and T-bill that is backed by gold and silver, and ask for that 4 or 5 to 1 ratio as the premium payment.
Compare that to this. If we are degraded to AA....it likely means a .5 interest hike across the board. What does that mean? $400b in additional interest payment (consumer, business, and government) over the next decade.
A old banker trick. If you have a asset that is not producing revenues, use it as collatrol for your liquity. The 10000 ton of gold reserve is just sitting there and doing? Nada. Put it to use. By the way, I am not sure what the gold and silver reserve in the country is. 10000 ton could be light.
ttom500: Sure it is. The gold is use as a collatrol for your debt ceiling increase. OK? Instead of the "good standing of the American government and people". You gold backed securities. Your creditors will lend on a 4 or 5 to 1 dollar ratio of loan to gold. Maybe even more with raising gold prices.
That with budget cuts.....gets yourself into a position for keeping your AAA rating.
A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t.
We all agree that a debt ceiling increase is needed. The question is does the Counties tax base act as the collatrol or something else?
You issues a new kind of bond and T-bill that is backed by gold and silver, and ask for that 4 or 5 to 1 ratio as the premium payment.
Compare that to this. If we are degraded to AA....it likely means a .5 interest hike across the board. What does that mean? $400b in additional interest payment (consumer, business, and government) over the next decade.
A old banker trick. If you have a asset that is not producing revenues, use it as collatrol for your liquity. The 10000 ton of gold reserve is just sitting there and doing? Nada. Put it to use. By the way, I am not sure what the gold and silver reserve in the country is. 10000 ton could be light.
That with budget cuts.....gets yourself into a position for keeping your AAA rating.
A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t.
We all agree that a debt ceiling increase is needed. The question is does the Counties tax base act as the collatrol or something else?
You issues a new kind of bond and T-bill that is backed by gold and silver, and ask for that 4 or 5 to 1 ratio as the premium payment.
Compare that to this. If we are degraded to AA....it likely means a .5 interest hike across the board. What does that mean? $400b in additional interest payment (consumer, business, and government) over the next decade.
A old banker trick. If you have a asset that is not producing revenues, use it as collatrol for your liquity. The 10000 ton of gold reserve is just sitting there and doing? Nada. Put it to use. By the way, I am not sure what the gold and silver reserve in the country is. 10000 ton could be light.
There is 32150 troy ounces in a metric ton. So a ton on todays value is roughly 50 million. At a top level of 10000 tonnes of gold, that would value the gold reserve at 500,000,000,000 or half a trillion.
A gold reserve is a sign of power. America would get the same loan from the markets without the use of collateral if it retains its AAA rating. It does not need to put up its gold reserve as collateral to do this. Its power inadvertently acts as collateral.
10000 tonnes is actually quite a lot. It rivals the IMF's gold reserves. Only 165 000 tonnes of gold has ever been mined and over half this is used in jewelry. Around 20% is used in reserves. So thats 33 000 tonnes in reserves. So to have control of over a third of that is powerful.
ttom500: Sure it is. The gold is use as a collatrol for your debt ceiling increase. OK? Instead of the "good standing of the American government and people". You gold backed securities. Your creditors will lend on a 4 or 5 to 1 dollar ratio of loan to gold. Maybe even more with raising gold prices.
That with budget cuts.....gets yourself into a position for keeping your AAA rating.
A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t.
We all agree that a debt ceiling increase is needed. The question is does the Counties tax base act as the collatrol or something else?
You issues a new kind of bond and T-bill that is backed by gold and silver, and ask for that 4 or 5 to 1 ratio as the premium payment.
Compare that to this. If we are degraded to AA....it likely means a .5 interest hike across the board. What does that mean? $400b in additional interest payment (consumer, business, and government) over the next decade.
A old banker trick. If you have a asset that is not producing revenues, use it as collatrol for your liquity. The 10000 ton of gold reserve is just sitting there and doing? Nada. Put it to use. By the way, I am not sure what the gold and silver reserve in the country is. 10000 ton could be light.
That with budget cuts.....gets yourself into a position for keeping your AAA rating.
A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t.
We all agree that a debt ceiling increase is needed. The question is does the Counties tax base act as the collatrol or something else?
You issues a new kind of bond and T-bill that is backed by gold and silver, and ask for that 4 or 5 to 1 ratio as the premium payment.
Compare that to this. If we are degraded to AA....it likely means a .5 interest hike across the board. What does that mean? $400b in additional interest payment (consumer, business, and government) over the next decade.
A old banker trick. If you have a asset that is not producing revenues, use it as collatrol for your liquity. The 10000 ton of gold reserve is just sitting there and doing? Nada. Put it to use. By the way, I am not sure what the gold and silver reserve in the country is. 10000 ton could be light.
"A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t."
I see where you are trying to go with this,but we must first get our math correct.First of all there are 32,000 ounces in a ton any way you cut it and not 64,000 ounces.The US currently holds 261,499,000 ounces of gold and at todays price of 1,616.00 USD that would equate to a value of only 422.582 Billion....Then you can apply your bankers tricks to come up with some sort of number,but the fact is you only have world value of 422.585 Billion of recognized value.
PS....if you want to equate it in tons that would be approx 8,133 tons.
mr1983: There is 32150 troy ounces in a metric ton. So a ton on todays value is roughly 50 million. At a top level of 10000 tonnes of gold, that would value the gold reserve at 500,000,000,000 or half a trillion.
A gold reserve is a sign of power. America would get the same loan from the markets without the use of collateral if it retains its AAA rating. It does not need to put up its gold reserve as collateral to do this. Its power inadvertently acts as collateral.
10000 tonnes is actually quite a lot. It rivals the IMF's gold reserves. Only 165 000 tonnes of gold has ever been mined and over half this is used in jewelry. Around 20% is used in reserves. So thats 33 000 tonnes in reserves. So to have control of over a third of that is powerful.
A gold reserve is a sign of power. America would get the same loan from the markets without the use of collateral if it retains its AAA rating. It does not need to put up its gold reserve as collateral to do this. Its power inadvertently acts as collateral.
10000 tonnes is actually quite a lot. It rivals the IMF's gold reserves. Only 165 000 tonnes of gold has ever been mined and over half this is used in jewelry. Around 20% is used in reserves. So thats 33 000 tonnes in reserves. So to have control of over a third of that is powerful.
Meant to say it rivals the Euro areas reserves of gold. IMF has considerably less.
Conrad73: That Stinker ought to be ashamed of himself everytime he looks in the Mirror!
While Xude was screaming Manchurian Candidate about McCain,the American People elected themselves one in the Persona of Obama!
Watch how Dude is going to scream Manchurian Candidate again!
While Xude was screaming Manchurian Candidate about McCain,the American People elected themselves one in the Persona of Obama!
Watch how Dude is going to scream Manchurian Candidate again!
there, there connie- i bought you a new hat for your fat little head!!
raphael118: there, there connie- i bought you a new hat for your fat little head!!
you better send that to the WH,your Manchurian Pres needs it!
and in case you haven't seen it the first time!
The Dolt in the Obama WH put his Foot In Mouth again!
Bloody Hell! This guy just never gives up. Must be good pay to keep posting this obvious propaganda. 
Class5: Bloody Hell! This guy just never gives up. Must be good pay to keep posting this obvious propaganda.
sure seems so!or having an unusual Mania!
Obu-Mania!
Conrad73: you better send that to the WH,your Manchurian Pres needs it!
seems you did send it on! a Tinfoilhat-Wannabe-Napoleon!
The story is being circulated around the media talk shows....the Boehner and Obama had come to a agreement in the closed door meeting at the White House. Then Obama said....."I want $400b more in the debt ceiling".
That is when Boehner walks out.
That is when Boehner walks out.
mustbnutz: "A ton of gold is 64,000 troy ou. A troy ou is $1625 on the market today. 1 ton of gold is $8m. 10,000 t of gold is $800b. With such a loan to collator ratio, you can raise the debt ceiling by 3.2t to 4.0t."
I see where you are trying to go with this,but we must first get our math correct.First of all there are 32,000 ounces in a ton any way you cut it and not 64,000 ounces.The US currently holds 261,499,000 ounces of gold and at todays price of 1,616.00 USD that would equate to a value of only 422.582 Billion....Then you can apply your bankers tricks to come up with some sort of number,but the fact is you only have world value of 422.585 Billion of recognized value.
PS....if you want to equate it in tons that would be approx 8,133 tons.
I see where you are trying to go with this,but we must first get our math correct.First of all there are 32,000 ounces in a ton any way you cut it and not 64,000 ounces.The US currently holds 261,499,000 ounces of gold and at todays price of 1,616.00 USD that would equate to a value of only 422.582 Billion....Then you can apply your bankers tricks to come up with some sort of number,but the fact is you only have world value of 422.585 Billion of recognized value.
PS....if you want to equate it in tons that would be approx 8,133 tons.
They have the official reserve gold bullion holding of the US at 8133.5 tons. And my math was rough math, so yes there is likely some errors.
But if you have a financial crisis and you want to restore investor 'confidence' something like this is a good way to go. The question is do they want to restore investor confidence in Washington? It is hard for me to think that they don't. But why the crisis government then by the Obama administration, that erodes confidence? Thanks for the math catch.
I figure I will put the idea on the table on August 1, 2359 military time.:-).
Now where did I put that extra $400b for President Obama?
Last night John Boehner and the REP leadership was unable to gather the votes in the House for a vote on the debt bill. At 10:30 they quit and went home.
One said....."we will leave for the night, rest and try again tomorrow"
While in the financial markets of the world it is shake, rattle and roll.
S&P has dropped for 5 days straight and some 500 points. One anaylis
said that if they cannot come to a agreement.......the S & P will drop by 1/3 with a default. Or about 3 to 4000 points.
By the way, the first to mention a August 2 default deadline? Tom Geither did. The same time he said....."we would never default". Tim do you wish to take that statement back? I will wait for August 3rd for your answer.
One said....."we will leave for the night, rest and try again tomorrow"
While in the financial markets of the world it is shake, rattle and roll.
S&P has dropped for 5 days straight and some 500 points. One anaylis
said that if they cannot come to a agreement.......the S & P will drop by 1/3 with a default. Or about 3 to 4000 points.
By the way, the first to mention a August 2 default deadline? Tom Geither did. The same time he said....."we would never default". Tim do you wish to take that statement back?
I will wait for August 3rd for your answer.More Threads
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The cultural and political elite of Europe is delighted to give Obama an award for his bold work in turning America into the same kind of dilettante basket case they are. The people who sat helplessly and watched the slaughter in Bosnia may come to regret sacrificing their last shred of credibility to shore up a weak President, so he can finish the task of hobbling the only nation on Earth that can do a damned thing to prevent a slaughter. Europe thinks it can do business with the Islamic fascism creeping through its streets, but it will find any deals it makes with them have expiration dates, as surely as all of Barack Obama’s promises do. When they once again turn to America to save them, they had better hope we’ve had the wisdom to replace the confused and helpless man clutching his shiny Nobel Peace Prize with someone who can saddle up and ride to the rescue. Negotiation without principle is submission, and the only peace brought by submission is the peace of the grave.