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Discussions about a Platinum Coin to Cover Our Debt… How Come No One Is Reporting that it is “Impossible”
January 7, 2013 in Campaign 2008, Campaign 2010, Campaign 2012, Campaign 2016, Capitalism, Economy, patriotism, Politics, socialism, Uncategorized | Tags: Barack Obama, debt ceiling, Federal Reserve, Platinum, Timothy Geithner, ZeroHedge.com | 2 comments
So they want Timmy Geithner to “mint” a trillion dollar platinum coin, and deposit it at the Federal Reserve, thus eliminating the “Debt Ceiling” debates facing the President in a few weeks.
Kind of bizarre, given the facts on PLATINUM:
So you want a trillion dollar platinum coin? Ok: here are some facts:
- Platinum has traditionally been the most valuable precious metal for one simple reason: it is rare.
- It is so rare, that all the platinum ever mined could fit into a 25 cubic foot box.
- The weight of that box comes out to just over 16 tons: this is how much platinum has been mined since the start of time.
- A coin valued at $1 trillion and made out of platinum would, at today’s price of $1557/ounce, weigh in at 642.3 million ounces.
- 642.3 million ounces is also roughly 18 thousand tons, or about 1100 times more than all the platinum mined.
SEE Graph @ ZeroHedge: http://www.zerohedge.com/news/2013-01-04/putting-trillion-dollars-platinum-perspective
June 1, 2012 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Economy, Family values, Politics, socialism, Terrorism, Uncategorized | Tags: Bill Gross, European Central Bank, Federal Reserve, global warnings, PIMCO, Preppers, Wall Street Food Chain | 2 comments
(Reuters) – The debt crisis and central bank policy responses have degraded the quality and value of debt markets and signal a “potential breaking point” in the global economy, PIMCO’s Bill Gross, manager of the world’s largest bond fund, said in his monthly letter to investors.
In his June outlook entitled “Wall Street Food Chain,” Gross said stimulus policies by the Federal Reserve and the European Central Bank have led to riskier government bonds with lower value and paved the way for higher inflation.
“Policy responses by fiscal and monetary authorities have managed to prevent substantial haircutting of the $200 trillion or so of financial assets that comprise our global monetary system, yet in the process have increased the risk and lowered the return of sovereign securities which represent its core,” Gross said.
“Both the lower quality and lower yields of previously sacrosanct debt therefore represent a potential breaking point in our now 40-year old global monetary system,” he added.
for full article: http://www.reuters.com/article/2012/05/31/us-pimco-debt-idUSBRE84U15320120531?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29&utm_content=Google+Reader
ARE YOU “PREPPING” YET?
October 9, 2011 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Christianity, Economy, Family values, Health care reform, immigration reform, patriotism, Politics, socialism, Terrorism, Uncategorized | Tags: Burger King, CEO, Federal Reserve, Herman Cain, Kansas City Federal Reserve, Pillsbury, radio host | 2 comments
Received the following in my email “Inbox” today:
August 5, 2011 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Economy, Politics, socialism, Uncategorized | Tags: Barack Obama, Ezra Klein, Federal Reserve, MSNBC, Rick Santelli, Treasury Department | 1 comment
June 2, 2011 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Economy, Family values, Politics, socialism, Uncategorized | Tags: Barack Obama, Ben Bernanke, Federal Reserve, Great Depression | 1 comment
Thanks Barack… Chief Economist: “We’re On the Verge of a Great, Great Depression
Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.
“What we’ve got right now is almost near panic going on with money managers and people who are responsible for money,” he said. “They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.
“We need to find real yield and real returns on these assets. You see bad data, you see Treasurys rally, you see all bonds and all fixed-income rally and then the people who are betting against the U.S. economy start getting bearish on stocks. That’s a huge mistake.”
Stocks extended losses after the manufacturing fell below expectations in May and the private sector added only 38,000 jobs during the month.
“Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything,” Yastrow said. “We’re on the verge of a great, great depression. The [Federal Reserve] knows it.
March 31, 2011 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Economy, Family values, Politics, socialism, Uncategorized | Tags: Barack Obama, debt ceiling, Federal Reserve, Treasury bills, Zero Hedge | 2 comments
March 4, 2011 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Economy, Family values, Health care reform, Politics, socialism, Uncategorized | Tags: Barack Obama, Campaign 2010, Depression, Economy, Federal Reserve, Underemployment, unemployment | 2 comments
The labor market showed signs of strong growth in February, as the nation added 192,000 jobs and the unemployment rate dipped below 9 percent for the first time since April 2009.
The unemployment rate dropped to 8.9 percent in February from 9.1 percent in January, and is down from 9.8 percent as recently as November 2010.
******What they aren’t saying is :
Much of the drop comes from people who have left the workforce and given up pursuit of a job, but there is also increasing confidence that the economy is turning around.
February 12, 2011 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Economy, Family values, Health care reform, immigration reform, Politics, socialism, Terrorism, Uncategorized | Tags: Barack Obama, defense budget, entitlements, Federal Reserve, Rep. Ron Paul, Sen. Rand Paul, Tea Party Movement | 1 comment
In 2008, more than half of the American voters became spellbound by the “charisma” of Sen. Barack Obama, and his message of “Hope and Change”. In the two years since his inauguration, we have seen, though many are still in denial about, that his “words” do not match his “actions”.
When Sen. Rand Paul (R-Ky) addressed CPAC on February 11th, his words were those of REALITY, and he is putting his integrity behind them to force them into action.
December 17, 2010 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, Christianity, Economy, Family values, Politics, Uncategorized | Tags: Bible, Christianity, Federal Reserve, Verse of the Day | 3 comments
UPDATE: Sen. Inhoufe and Rep. Frank Lucas, both representing Oklahoma, sent a pointed letter to Fed Chairman Ben Bernanke asking if he stood by the Federal examiners actions. Later in the day, the examiners personally returned to the bank in Perkins, OK to retract their request for the removal of all Christmas and religious items.
The government warned a small town bank this week to remove the Christian symbols from its counters and off its website.
A small-town bank in Oklahoma said the Federal Reserve won’t let it keep religious signs and symbols on display.
Federal Reserve examiners come every four years to make sure banks are complying with a long list of regulations. The examiners came to Perkins last week. And the team from Kansas City deemed a Bible verse of the day, crosses on the teller’s counter and buttons that say “Merry Christmas, God With Us.” were inappropriate. The Bible verse of the day on the bank’s Internet site also had to be taken down.
“I don’t think there should be a problem with them displaying whatever religious symbols they want to display,” said Amy Weierman, a Perkins resident.
Specifically, the feds believed, the symbols violated the discouragement clause of Regulation B of the bank regulations. According to the clause, “…the use of words, symbols, models and other forms of communication … express, imply or suggest a discriminatory preference or policy of exclusion.”
Note: The home office of the bank we deal with ordered that no Christmas trees or Menorahs be displayed in the branches….. only poinsettas. The cite the need to “not offend anyone else.
My response… I told them that THEIR ACTIONS OFFEND ME !!
May 16, 2010 in Campaign 2008, Campaign 2010, Campaign 2012, Capitalism, climate change, Economy, Family values, Health care reform, immigration reform, Politics, socialism, Terrorism, Uncategorized | Tags: Argentina, Barack Obama, Ben Bernanke, Federal Reserve, hyperinflation, monetizing the dollar, ObamaCare, Ron Paul | Leave a comment