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<p>[QUOTE="Cloudsweeper99, post: 1605583, member: 3011"]Putting it toward the debt is a waste of the asset. Congress will just spend more. The debt will be defaulted at some point in the future -- either by inflation or outright default. There is no preventing this now, it's too late. Like Iceland, nobody will be held responsible for it -- I doubt people in the US will go down the route of Greece and accept an outrageous drop in standard of living to pay back the banks and foreign governments. At least I hope not. I don't know how the gold will be returned to the people. That is for a future generation to decide. Perhaps it will be as simple as putting it up for sale to citizens, or permitting people to buy it at post offices or through their tax refunds at market or discounted prices. Maybe it will be divided per US census headcount. There are many ways to accomplish this. Or maybe it will just be stolen by some government or international banking entity if people sit passively and accept it. Nobody knows the future, but we can hope for the best.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1605583, member: 3011"]Putting it toward the debt is a waste of the asset. Congress will just spend more. The debt will be defaulted at some point in the future -- either by inflation or outright default. There is no preventing this now, it's too late. Like Iceland, nobody will be held responsible for it -- I doubt people in the US will go down the route of Greece and accept an outrageous drop in standard of living to pay back the banks and foreign governments. At least I hope not. I don't know how the gold will be returned to the people. That is for a future generation to decide. Perhaps it will be as simple as putting it up for sale to citizens, or permitting people to buy it at post offices or through their tax refunds at market or discounted prices. Maybe it will be divided per US census headcount. There are many ways to accomplish this. Or maybe it will just be stolen by some government or international banking entity if people sit passively and accept it. Nobody knows the future, but we can hope for the best.[/QUOTE]
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