If we would all invest in munitions we could turn this economy arround. Let's all not eat for a month and by war industry stocks. Dear god do it for the children you fat bastard.:lol:
Is the U.S. Insolvent
- Thread starter Albertabound
- Start date
Zzarchov, although gold has been used in ornamentation and is valued for its beauty - it is also quite heavily used in electronics for it's excellent conductive properties - that makes it more than a mere bauble. the same can be said for palladium as it is used in mufflers as a catylyst(aka catylytic converter)silver is far more conductive than copper and was the conductive material used in the manhatten project.
Golds use in electronics is not as high as its value. Other metals are better conductors (more common ones) , its use is a niche. If gold did not have ornamental value, it would not be worth anywhere near what it is.
I contend that it is a very useful element and is the second most conductive metal next to silver, copper is third- Gold is used in high quality surface to surface connections eg.. Coax connectors, Jacks, sdk card, pci not neccesarily a niche market as everything is electronic.
Golds value is far beyond its use in electronics. By a vast margin. Its marginally better use than copper and worse than cheaper silver, does not give it its high value.
Aluminum used to be an incredibley (more so than gold) precious metal too, sold in bullion as a means of storing wealth, and it is unbelievably useful.
Aluminum used to be an incredibley (more so than gold) precious metal too, sold in bullion as a means of storing wealth, and it is unbelievably useful.
Yes it is
By the end of 2019, according to the administration's budget numbers, our federal debt will reach $23.3 trillion—as compared to $11.9 trillion today. To put it in perspective: U.S. federal debt was equal to 61.4% of GDP in 1999; it grew to 70.2% of GDP in 2008 (under the Bush administration); it will climb to an estimated 90.4% this year and touch the 100% mark in 2011, after which the projected federal debt will continue to equal or exceed our nation's entire annual economic output through 2019.
By the end of 2019, according to the administration's budget numbers, our federal debt will reach $23.3 trillion—as compared to $11.9 trillion today. To put it in perspective: U.S. federal debt was equal to 61.4% of GDP in 1999; it grew to 70.2% of GDP in 2008 (under the Bush administration); it will climb to an estimated 90.4% this year and touch the 100% mark in 2011, after which the projected federal debt will continue to equal or exceed our nation's entire annual economic output through 2019.
Insolvency means being unable to pay your debts.
The US is able to pay their debts.
As of last year, debt to GDP was nowhere near an all-time high, which was just after WWII.
How debt could sink the US economy - MoneyWeek
This is going a lot higher, but it is nowhere near the levels seen in the past.
US debt is also nowhere near the levels of other countries.
Public Sector, Taxation and Market Regulation:Statistics Portal
If the US was truly insolvent, interest rates would be much higher, not lower. 10-year bonds were yielding 2.12% a few days ago. That means that investors are buying US government debt because the lower the yield goes, the higher the price goes. If you knew that someone was going bankrupt, would you buy their debt? Of course not. Or at least not if its paying you a mere 2% over the next decade.
Now check these charts today.
Tuesday, January 13, 2009, 9:41 am, by cmartenson
If I was ever given just one chart, just one piece of data, to make the case that we were on an unsustainable path that had a date with a long period of contraction and economic hardship, it would be this one.
Figure 1: This chart compares total debt (or “credit”) in the U.S. to GDP (or Gross Domestic Product) on a percentage basis. Current total credit-market debt stands at more than 340 percent of total GDP.
Debt - The crisis explained in one chart: Debt-to-GDP - Jan. 13, 2009 | Blogs at Chris Martenson - Debt, GDP, Government, Inflation, Myths, Policy
Here it is for you
If I was ever given just one chart, just one piece of data, to make the case that we were on an unsustainable path that had a date with a long period of contraction and economic hardship, it would be this one.
Figure 1: This chart compares total debt (or “credit”) in the U.S. to GDP (or Gross Domestic Product) on a percentage basis. Current total credit-market debt stands at more than 340 percent of total GDP.
Debt - The crisis explained in one chart: Debt-to-GDP - Jan. 13, 2009 | Blogs at Chris Martenson - Debt, GDP, Government, Inflation, Myths, Policy
Here it is for you
Us numbers
Whatever the numbers are still US or I should say THE US , still able manage their economy and country people and companies :roll:
Whatever the numbers are still US or I should say THE US , still able manage their economy and country people and companies :roll:
Tuesday, January 13, 2009, 9:41 am, by cmartenson
If I was ever given just one chart, just one piece of data, to make the case that we were on an unsustainable path that had a date with a long period of contraction and economic hardship, it would be this one.
Figure 1: This chart compares total debt (or “credit”) in the U.S. to GDP (or Gross Domestic Product) on a percentage basis. Current total credit-market debt stands at more than 340 percent of total GDP.
Debt - The crisis explained in one chart: Debt-to-GDP - Jan. 13, 2009 | Blogs at Chris Martenson - Debt, GDP, Government, Inflation, Myths, Policy
Here it is for you
Just think...this chart was taken on Jan2009....how about adding another 3.5 trillion to that....3,500,000,000,000.00
Related News:
U.S.'s $13 Trillion Debt Poised to Overtake GDP: Chart of Day
U.S.'s $13 Trillion Debt Poised to Overtake GDP: Chart of Day - Bloomberg
Ooops silly me I ment 13 billion thats 13,000,000,000,000.00
Hum, WWII is not a very good comparison considering that at that time the whole resources of the country were geared towards war. It was essentially a war economy.
The US has not had to face such a total war for decades. If it has this kind of debt just fighting little skirmishes here and there, how in the world will it survive in the long run?And it seems they still want to fight Iran. How are they going to pay their soldiers?
Re: Us numbers
Would you care to back up that statement. or at least define "manage"
Would you care to back up that statement. or at least define "manage"
It all began in 1913 with the creation of the Federal Reserve, and will continue till who knows when.
The FEDERAL RESERVE SYSTEM was CREATED by an act of CONGRESSon DECEMBER 23rd 1913 and signed into law by President WOODROW WILSON. The NAME was carefully SELECTED and DESIGNED to DECEIVE. "FEDERAL" would lead one to believe that this is a government organization. "RESERVE" would lead one to believe that the currency is being backed by gold and silver. "SYSTEM" was used in lieu of the word "bank" so that one would not conclude that a new central bank had been created. The FEDERALRESERVE is no more FEDERAL than the shipping company FEDERALEXPRESS.
In REALITY, the act created a PRIVATE, for PROFIT, central BANKING CORPORATION owned by a CARTEL of PRIVATE BANKS. Who OWNS the FED? The ROTHSCHILDSof London England and Berlin Germany; LAZARD BROTHERS of Paris France; ISRAEL MOSESSEIF of Italy; KUHN, LOEB and WARBURG of Germany; and the LEHMANBROTHERS, GOLDMAN, SACHS and the ROCKEFELLER families of New York.
Did you know that the FEDERAL RESERVE / FED is the only FOR-PROFIT corporation STATION in America that is EXEMPT from both FEDERALand STATE TAXES? The FEDtakes in about ONE TRILLION dollars per year TAX FREE! The banking families listed above get all that money.
The Federal Reserve along with the four largest banks led by Goldman Sachs now control these UNITED STATES.
Who Owns The Federal Reserve?
The FEDERAL RESERVE SYSTEM was CREATED by an act of CONGRESSon DECEMBER 23rd 1913 and signed into law by President WOODROW WILSON. The NAME was carefully SELECTED and DESIGNED to DECEIVE. "FEDERAL" would lead one to believe that this is a government organization. "RESERVE" would lead one to believe that the currency is being backed by gold and silver. "SYSTEM" was used in lieu of the word "bank" so that one would not conclude that a new central bank had been created. The FEDERALRESERVE is no more FEDERAL than the shipping company FEDERALEXPRESS.
In REALITY, the act created a PRIVATE, for PROFIT, central BANKING CORPORATION owned by a CARTEL of PRIVATE BANKS. Who OWNS the FED? The ROTHSCHILDSof London England and Berlin Germany; LAZARD BROTHERS of Paris France; ISRAEL MOSESSEIF of Italy; KUHN, LOEB and WARBURG of Germany; and the LEHMANBROTHERS, GOLDMAN, SACHS and the ROCKEFELLER families of New York.
Did you know that the FEDERAL RESERVE / FED is the only FOR-PROFIT corporation STATION in America that is EXEMPT from both FEDERALand STATE TAXES? The FEDtakes in about ONE TRILLION dollars per year TAX FREE! The banking families listed above get all that money.
The Federal Reserve along with the four largest banks led by Goldman Sachs now control these UNITED STATES.
Who Owns The Federal Reserve?
The conspiracy theory is no longer just a theory?
GovtSachs runs our Bank of Canada.
We've been couped!
.
GovtSachs runs our Bank of Canada.
We've been couped!
.
Never was a theory, no one ever tried hiding what was behind the Jekyll Island meeting. They just took over and no one did anything about it. No different than what is happening in goverment today. (pretty much all governments)
They just had another Jekyll style meeting; QE2. They are going to nail us for another 50 Trillion. We are now paying taxes to the UN a la IMF to the tune of 0.02% of our GDP for state farming and more into the BS "carbon exchange" to float the price of CO2 at $20+ a tonne.
Some people will squabble Left or Right and not even notice as they march along. Left, right, left, right, left right chasing whatever the TV or religious leader told them to chase. In the mean time a massive fraud has put them into severe debt in a system that uses illegal money.
If GovtSachs used any of Bank of Canada credit to fund housing in the US does that mean we can claim a house in Scottsdale or Tampa at cost?