Check this out...

Discussion in 'Silver' started by Goldmember, Jul 28, 2011.

  1. Goldmember

    Goldmember Member

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    No doubt somebody has already posted this somewhere on the forum and ill look like an idiot (again) :0p but if not,for those who may have missed it - it gives an interesting PHYSICAL perspective on the US debt

    http://www.wtfnoway.com/

    Now thats a shitload of debt!! :eek:

    GM
     
    Goldmember, Jul 28, 2011
    #1
  2. Captain Kookaburra

    Captain Kookaburra Well-Known Member Silver Stacker

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    Hadn't seen it before. Scares me, and I'm not even American.
     
    Captain Kookaburra, Jul 28, 2011
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  3. Goldmember

    Goldmember Member

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    Seems ironic that the debt dwarfs the Statue Of Liberty...the symbol of Freedom...
     
    Goldmember, Jul 28, 2011
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  4. Blockhead

    Blockhead Active Member

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    Blockhead, Jul 28, 2011
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  5. boneyard

    boneyard Well-Known Member Silver Stacker

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    boneyard, Jul 28, 2011
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  6. Goldmember

    Goldmember Member

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    http://www.youtube.com/watch?v=EoS52fVtVQM

    Funny shit...

    Is it just me or does that guy remind anyone of StellaConcepts? (with glasses) fast worward to 1:30...lol...maybe ive been on this forum too long.... :0p
     
    Goldmember, Jul 28, 2011
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  7. Photonaware

    Photonaware Active Member

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    Holy SH*T !!
    NASA will soon be able to launch their new shuttle from the top.

    To whom does all this money belong ? i.e who has loaned it to the USA ?
     
    Photonaware, Jul 28, 2011
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  8. Sargeant Argent

    Sargeant Argent New Member

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    Absolutely ridiculous its astonishing that they could rack up debts like that!
     
    Sargeant Argent, Jul 28, 2011
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  9. Aureus

    Aureus Active Member Silver Stacker

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    Thanks for the link Goldmember, haven't seen that before either :)
     
    Aureus, Jul 28, 2011
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  10. Old Codger

    Old Codger Active Member Silver Stacker

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    Photonaware,


    "To whom does all this money belong ? i.e who has loaned it to the USA ?"


    Roughly, it is half and half between foreign and domestic holders. The American holders are firstly the US Department of Social Security, who are mandated to hold ALL reserves in US Treasuries, (THAT means that ALL of the pension contributions has been borrowed AND SPENT by the US Government). Also the various private pensions funds and other investment funds together with large US companies etc.

    The other half can be found via Mr Google, and the search - 'Foreign holders of US Treasury Bonds'. You will note there that virtually all the major holders have stopped buying the stuff. Which is why Ben Bernanke is printing US Dollars to buy US Bonds. The added benefit of that litle trick is to turn the Greenback into toilet paper, and that will pay back the 14 to 20 TRILLION easily.

    Komrade JuLIAR is working hard to bring about the same insane situation here in Australia. The OZ Mastercard is heading for OZ$300 billion, and it will NOT stop in 2013 as promised.



    OC
     
    Old Codger, Jul 28, 2011
    #10
  11. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    From the youtube link! He he he he . . . . :lol: Hillarious

     
    CriticalSilver, Jul 29, 2011
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  12. atsaki

    atsaki New Member

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    That was cool Goldmember! I've seen variations of this but this one puts it in perspective better. Thanks.
     
    atsaki, Jul 29, 2011
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  13. Ag

    Ag Well-Known Member Silver Stacker

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    Ag, Jul 29, 2011
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  14. Dan Unda

    Dan Unda Member Silver Stacker

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    Dan Unda, Jul 29, 2011
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  15. Mattlyndy

    Mattlyndy Member Silver Stacker

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    That was fantastic Ag thanks for the link, very smart lad.
     
    Mattlyndy, Jul 29, 2011
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  16. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Here is its cousin >> http://www.debtclock.com.au/

    Although Old Cogger reckons the Aussie debt is $300B not the $68+B shown.
     
    CriticalSilver, Jul 29, 2011
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  17. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    OK, if you say so. :lol:
     
    CriticalSilver, Jul 29, 2011
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