Posted on 08/31/2019 9:57:10 AM PDT by infool7
A metal asteroid worth $10,000 quadrillion, hurtling through space, makes construction of a massive orbital space station substantially cheaper. At least one company is already pitching a plan for a Von Braun Gateway Station housing some 1,500 people in orbit. The resources on the single asteroid, 16 Psyche, is not only enough to build the station, but to wipe out the U.S. national debt thousands of times over.
“Metal Asteroid Hurtling Through Space Could Wipe Out...U.S. Debt!”
That’s assumes we can get to it before the Russians or the Chinese.
Calling the dollar a "fiat currency" is a way of saying that its value depends on the size and strength of America's economy and the reliability of our promises. Ultimately, if the American economy can be made to grow at a high enough rate, the US debt becomes manageable because its relative size is diminished.
Put the magnet on the moon and do the mining from there. <^..^>
Why not pay of the debt with a $20 trillion dollar bond, with interest and balance due in 10,000 years? The pols in DC would have to promise to never run a deficit budget again. We can trust them.
There is billions of dollars of diamonds in Cuba but it's not worth mining for whatever their reasons.
It sucks that the energy of getting something to escape velocity, or to slow it back down therefrom exceeds the energy needed to smelt the material right here on earth.
Of course, if it didn't we wouldn't have an atmosphere that a human could breath.
“Only Members have access to this content.” I’m not a member. Thus the link is useless. The only information I have is what’s posted here, and that is useless.
No. Getting to it is costly. Getting it to land on Earth without destroying itself or Earth is not going to happen.
It is worth only what someone will pay for it.
It is not going to wipe out the national debt. Complete nonsense. 10,000 quadrillion is 10 quintillion.
I assume the damned thing is full of gold. If so, and it were (it isn’t) possible to get ahold of it easily, then gold would become commonplace, and no one would want to pay a cent for this hunk of rock/metal.
I went to a more reliable site. This thing is as big as Massachusetts. No word on whether that means flat surface area or what. No certainty on whether it contains gold or platinum.
Another site says it might be worth up to $700 quintillion. Another fool writing about what he knows nothing about.
So this useless posting is based on pure speculation.
That kind of makes sense! We would have to get rid of the federal reserve first. That would be the hard part.
Instead of mining it in space shouldn’t we just redirect it to San Francisco or Portland and mine it there?
You’d never get through the permitting to make a mine in either place.
Mining asteroids has nothing to do with Trump’s interest in space. The country rules space militarily will rule the world in the future. As with everything else, if we don’t take first position, another country will.
Liberty loans were not at the center of a highly interconnected international electronic financial system.
U.S. Treasuries are. Even Argentinian bonds were circulating in open markets.
The US Government is a particulaly soft touch on forgiving loans, that's good for our creditors, but it's not the same as them defaulting on publicly traded bonds.
He explains Orbital ring here. He talked about the sacrifice of 16 psyche some place else i don't remember
https://www.bitchute.com/video/LMbI6sk-62E/
$10,000 quadrillion. Something tells me that that kind of supply hitting the market would tend to lower prices dramatically.
I wonder why it took 27 comments before your point was made? Are people even clicking on the link? This whole posting is worthless.
Depends on the cost to mine it. After considering investor payoffs it may still not even break even or hit the market at all. But whoever offers the stock and receives taxpayer subsidies can skim a bit. The write offs for the loss would be astronomical. A fantasy to get and skim funding... Just like Tesla and many others. When are we going to start seeing these coming before we get hit?
Wasn’t von Braun’s autobiography, I Aim at the Stars, subtitled But Sometimes Hit London ?
Orbital ring is a great concept. I think there’s a t-shirt, Love The Earth, Give It A Ring
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