US National Debt Ceiling.

[theVOID]

Well Damn Void. Apparently I dont know anything about economics, do I?

http://useconomy.about.com/b/2008/04/02/...andard.htm
"the U.S. does not even have enough gold, at current rates, to pay off the portion of its debt owed to foreign governments. For example, China, Japan and other countries own $2.4 trillion in U.S. Treasury debt - but there is only $182 billion (at $743 per ounce) total in gold reserves at Fort Knox.

And this is 2008 opinions

What has that got to do with "If we cut off the credit, we would have to revert back to the gold standard"? That is the statement I took issue with.

And you didn't say "there isn't enough gold in Fort Knox to bay back the US Debt" you said "there isnt enough gold on the planet to push the economy of this size of our population." - That is bullshit.

Yes. Because our govt always says "evil corporations" when it comes to economy problems.

Not in those words, but do you think they take the blame for rising commodity prices? Fuck no, they blame the private sector and completely ignore the trillions of dollars they print, money that goes into the market and increases the demand for products, raising their prices - It's stoopid policy making.

Strawman - our country has precious metals being traded on the commodities as well as all others. USA trades gold and gold futures. They only heavily regulate it, your hatred of it which methinks is the real intent behind your post.

By "Hates the idea of trading" I should say "Hates the idea of it's people trading", I know that people can invest in gold and a lot of people buy and sell it, but when people barter with any precious metals, like the Liberty dollar guy did for bartering, he gets locked up for "counterfeiting" even though his silver coins had it written on them that they were not legal tender.

Wait, are you talking about THIS guy:

http://news.yahoo.com/s/nm/20110320/us_n...currency_1

Yeah, he mints silver coins that don't even look like, and explicitly SAY they are not legal tender and gets 6 years in prison and called a "domestic terrorist"

How fucked do you guys have to be when 7 million dollars of silver medallions and bonds constitutes "a clear and present danger to the economic stability of this country"?

Click here to view the current dollar vs. euro rate
http://www.google.com/search?q=dollar+vs...ess&ie=&oe=

Right, did I not say down against the euro?

http://www.x-rates.com/d/EUR/USD/graph120.html

In fact gold is doing much better than silver:
http://money.cnn.com/data/commodities/

Ummm.... Not in terms of percentage... If you had invested in silver you would have gotten better returns. Silver is keeping pace with oil, gold is lagging behind a bit. When you compare Silver to Gold on that Chart the first selected item is the FAT line, not the other way around.

That chart shows that silver is growing faster than gold, up 15% vs 5%.

I also find it funny that you lambast the Dollar and American economy for using Keynesian economics, and then compare it to the Euro, which the EU ALSO uses keynesian systems as well.

Dude, I said it was a surprise you were even getting killed by the Euro, as in the Euro sucks balls too and you guys have fucked up so much they're making gains against you, which is NOT a good sign, they are going through the process of bailing out 3 nations right now! If you think that is praise for the Euro you are sadly mistaken.

And the way you come to the conclusion that I am supporting keynesianism from that post is completely baffling.

So is Europe doing better than America? Their currency says so. Void says America is doing like crap because of Keynesian systems, and holds the Euro up as proof..yet the Euro is working on the keynesian system as well.

Dude, they BOTH suck. That you are loosing ground to a currency that is being demolished to get through Austerity measures says something is VERY wrong with your currency. ALL countries are keynesian pretty much, some much more than others, and almost ALL of them have been trying to settle their debts with borrow, spend, borrow, spend etc... It's debt and consumption than got them into shit in the first place, the government's solution is to do even more... That's why almost every country out there is in debt, it's the ones who have gone full steam keynesian stimulus spending that are really fucked right now.