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| -Signs, Portents, and the Weather- |
| Blood on the Water: |
| 2008-11-19 |
| Dow : 7997 (-427.63) S&P 500 : 807.17 NASDAQ : 1389 NYSE: 5012 |
| Posted by:3dc |
| #11 The government of the United States has some 270,000 SQUARE MILES of land controlled by the Forestry Service in the Western United States. At 640 acres/square mile, and $2500/acre (average price - a lot would be worth more), that's $432 billion. The BLM has about the same. That doesn't include anything east of the Mississippi, none of our national parks or monuments, scenic rivers, etc. There's still an estimated 32 MILLION ounces of gold in Colorado - just gold. Most of it's not currently economically feasible to mine, but things can change. There's still plenty of other minerals, including oil and natural gas, that could be sold to pay the national debt. The United States is not bankrupt - it just doesn't have much left in the way of fluid capital that isn't promised or tied up. We raise enough food to feed our entire population on 2% of our land area, and have tons and tons to export. At one time, 27% of all land was used for farming. Our problem isn't a lack of assets, but a lack of will piled atop a mountain of criminal behavior. |
| Posted by: Old Patriot 2008-11-19 21:44 |
| #10 Dammit Joe...I understood that one, and didn't like what you had to say. Sadly, I also have to agree. |
| Posted by: Rex Mundi 2008-11-19 21:10 |
| #9 Again, 9-11/WOT > WAR FOR GLOBALISM = WAR FOR PRO-US/ANTI-US OWG-NWO, including for SOCIALIST ORDER. Despite Dubya's numerous successes, THE OUTCOME OF THE WOTAS WAS FOR OWG-NWO IS STILL INA HIGH STTAE OF FLUX. US = US-ALLIED DOMINATION OF SAME IS NOT CERTAIN, WHILST WEAKENED RADICAL ISLAM IS STILL CAPABLE OF ATTACK AND VICTORY. "BY ANY MEANS NECESSARY" PRECEPT-DOGMA > In the absence of a clear or decisive winner, one way to impose NATIONAl/LOCAL-GLOBAL SOCIALIST ORDER IS VIA PROTRACTIVE OR ENDURATIVE ECON DSIRUPTIONS AND CHAOS. Those Global Warming Enviros whom are demanding immediate [global] prioritization and resolution of the GW agendums are likely NOT gonna get it, thanx to good ole SOCIALIST REGRESSIVE- AND INFLATIONARY PUBLIC POLICIES. OOOOOOOPPPPPPPSIES. LEFTISTS-SOCIALISTS, ETC. ARE ON THE THRESHOLD OF [PCORRECT/DENIABLE] SOCIALIST WORLD VICTORY, BUT ARE STILL "UNHAPPY"??? |
| Posted by: JosephMendiola 2008-11-19 19:17 |
| #8 The last time the debt was paid off it sent the country into a far worse tail spin than it is in now. The debt is a wonderful tool and should not be abused. Neither should it be extinguished. |
| Posted by: Nimble Spemble 2008-11-19 18:18 |
| #7 (Is there any way the national debt could ever be paid off?) Yes, but it would take some balls. Someone on another thread had this great idea. The one thing we have and everyone needs is food. When all these countries come calling for some wheat or rye, tell them that from now on, all food exports must be paid for in cash at the going rates. If cash is not available, forgiven debt at 5-10 times the market rate will suffice. If not, starve. The debt will go away pretty quickly. |
| Posted by: no mo uro 2008-11-19 17:48 |
| #6 The debt is always paid by someone, Anguper Hupomosing9418. In this case, long term our children and grandchildren will have a lower standard of living and little possibility of early retirement. |
| Posted by: trailing wife 2008-11-19 17:38 |
| #5 That means that Bambi will bankrupt us either by pushing his social programs or by taxing us to death. I am beginning to suspect the US is already bankrupt. (Is there any way the national debt could ever be paid off?) The incomprehensible part about our situation is, the rest of the world is even worse off. |
| Posted by: Anguper Hupomosing9418 2008-11-19 17:29 |
| #4 Five years hell, anyone retiring in the next 15 is in trouble. If the DJI falls to 6,000, let's say, that's a 50% drop in 18 months from where it was before. How long to get 50% back? If the economy grows 3% a year after the recession is over, it could take quite a while. And there's no reason to think the recession will be either short or shallow. If China can't/won't lend us accumulated dollars, we won't be able to run high deficits like we have. That means that Bambi will bankrupt us either by pushing his social programs or by taxing us to death. Enjoy. |
| Posted by: Steve White 2008-11-19 17:21 |
| #3 The "perfect storm" for those planning to retire within the next 5 years is now taking place. |
| Posted by: Anguper Hupomosing9418 2008-11-19 17:21 |
| #2 1200-1500 I s'pose I should be awfully glad Mr. Wife hadn't planned to retire just yet. |
| Posted by: trailing wife 2008-11-19 17:06 |
| #1 Prior to Jimmy Carter, for years the DOW operated in a range between 800-1000. A reliable economist is now suggesting that the current downturn will stabilize at between 1200-1500. |
| Posted by: Anonymoose 2008-11-19 16:42 |