moneydollar
05-17-2011, 02:57 PM
The United States may have run up a huge debt, but it is not poor. The federal government owns roughly 650 million acres of land, close to a third of the nation’s total land mass. Plus a million buildings. Plus electrical utilities such as the Tennessee Valley Authority. And the Interstate Highway System.
With the United States poised to slam into its debt limit today, conservative economists are eyeballing all that gold in Fort Knox.
There’s about 147 million ounces of gold parked in the legendary vault. Gold is selling at nearly $1,500 an ounce. That’s many billions of dollars in bullion.
The Heritage Foundation on Tuesday released a plan for balancing the budget that did not include tax increases, but did include a proposal to sell $260 billion in federal assets over 15 years.
http://www.journalgazette.net/article/20110516/NEWS03/305169957/1006/NEWS
CLOSED Dup thread: http://www.ronpaulforums.com/showthread.php?293269-What-could-the-U.S.-Sell-to-Erase-Debt
With the United States poised to slam into its debt limit today, conservative economists are eyeballing all that gold in Fort Knox.
There’s about 147 million ounces of gold parked in the legendary vault. Gold is selling at nearly $1,500 an ounce. That’s many billions of dollars in bullion.
The Heritage Foundation on Tuesday released a plan for balancing the budget that did not include tax increases, but did include a proposal to sell $260 billion in federal assets over 15 years.
http://www.journalgazette.net/article/20110516/NEWS03/305169957/1006/NEWS
CLOSED Dup thread: http://www.ronpaulforums.com/showthread.php?293269-What-could-the-U.S.-Sell-to-Erase-Debt