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  • #21
    Originally posted by Miburo View Post
    You do realize that the US owns the vast majority of the world's gold reserves, correct? More than 15% of all gold ever mined in fact.
    Even with that fact, Gold held in reserves isn't keeping pace with the National Debt.

    Asset: $269.67 billion = Current market value of US Gold reserves {Oct 2012}
    Asset: $15.462,000,000,000 = US GDP {May 2012}
    Liability: $16,187,008,350,000 = US National Debt {Oct 2012}

    Net interest on debt: $329,369,955,000 {Oct 2012}
    Last edited by arraamis; 10-19-2012, 01:17 AM.

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    • #22
      Why are there always only two main choices? They should have 3 or 4.

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      • #23
        Black Canadians are getting phones too.

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        • #24
          No surprise that Obama is winning there are a lot of Obama phone and Obama check recipients in these forums. Too bad for him there aren't enough of these ******s to put him over the top this time around.

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          • #25
            Originally posted by arraamis View Post
            Ron Paul was and is absolutely correct!!!!

            The Federal Reserve is one of the en****** responsible for this debt-based economy, the devalued dollar, the severely over bloated banking system, deflation and many other ills dooming the US economy.
            Actually, it is the failure of Bretton Woods in the early 1970s that led to those things.

            Originally posted by arraamis View Post
            Removing the dollar off the Gold\Silver standard, was the biggest financial mistake in history. Second only to linking the dollar's value internationally to an ever diminishing reserve. Once oil purchasing nations cease using the dollar and they are, and start using gold or other currencies instead, the dollar's linked value vanishes to absolutely nothing.

            Gold\silver\platinum has always been, and will remain a survival currency.
            The gold standard failed in the 1930s. And it was a global system (as was Bretton Woods, though the latter was based on US dollar convertibility to gold, the former was a system of fixed exchange rates based on the world price of gold).
            Last edited by Drunken Cat; 10-19-2012, 09:00 AM.

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            • #26
              Obama

              Romney is a snake, don't trust him.

              Doubt the debt will be handled either way, but rather you put some pressure on the rich than on a shrinking middleclass if you HAVE to choose.

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              • #27

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                • #28
                  Originally posted by SoggyLungs View Post
                  It's funny how almost everyone seem to be wanting THE SAME THING but keep getting another

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                  • #29
                    Originally posted by arraamis View Post
                    Ron Paul was and is absolutely correct!!!!

                    The Federal Reserve is one of the en****** responsible for this debt-based economy, the devalued dollar, the severely over bloated banking system, deflation and many other ills dooming the US economy.

                    Removing the dollar off the Gold\Silver standard, was the biggest financial mistake in history. Second only to linking the dollar's value internationally to an ever diminishing reserve. Once oil purchasing nations cease using the dollar and they are, and start using gold or other currencies instead, the dollar's linked value vanishes to absolutely nothing.

                    Gold\silver\platinum has always been, and will remain a survival currency.
                    Conflicting messages you're giving. But we agree.

                    It's just a shame that then you would openly support Obama.

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                    • #30
                      Originally posted by One_Tycoon View Post
                      Conflicting messages you're giving. But we agree.

                      It's just a shame that then you would openly support Obama.
                      Its more of NOT supporting Romney .....

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