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Will there always be privately owned GOLD???
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<p>[QUOTE="passantgardant, post: 1146902, member: 30033"]It's unworkable because there is no gold in Ft. Knox and because student loans are subsidized at an interest rate lower than inflation, so there's no market. The government has no assets other than federal lands mostly in the western states and any federal buildings mostly in and around DC. Whatever the value of these assets, I'm sure it's less than the national debt. Zillow.com values the total of all U.S. real estate at under $23 trillion. That includes every building in every city. The government mostly owns empty desert. We're bankrupt... the last hope they had was their ability to raise taxes in a growing economy, but growth cannot be found in this over-regulated, inflating economy. Their last and only way of avoiding outright default is to turn up the speed on the printing presses.</p><p><br /></p><p>Well, I guess there is one other option, but I don't think the people would stand for it -- to use our military which is bigger than the rest of the world's put together to take whatever resources we want from whomever we want. We've been sort of doing that secretly for the past few decades through our support of military dictators throughout the Middle East in exchange for them denominating oil sales in Dollars, but Americans are already sick of the consequences of that. Outright war for resources wouldn't be well-received.[/QUOTE]</p><p><br /></p>
[QUOTE="passantgardant, post: 1146902, member: 30033"]It's unworkable because there is no gold in Ft. Knox and because student loans are subsidized at an interest rate lower than inflation, so there's no market. The government has no assets other than federal lands mostly in the western states and any federal buildings mostly in and around DC. Whatever the value of these assets, I'm sure it's less than the national debt. Zillow.com values the total of all U.S. real estate at under $23 trillion. That includes every building in every city. The government mostly owns empty desert. We're bankrupt... the last hope they had was their ability to raise taxes in a growing economy, but growth cannot be found in this over-regulated, inflating economy. Their last and only way of avoiding outright default is to turn up the speed on the printing presses. Well, I guess there is one other option, but I don't think the people would stand for it -- to use our military which is bigger than the rest of the world's put together to take whatever resources we want from whomever we want. We've been sort of doing that secretly for the past few decades through our support of military dictators throughout the Middle East in exchange for them denominating oil sales in Dollars, but Americans are already sick of the consequences of that. Outright war for resources wouldn't be well-received.[/QUOTE]
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