[DTA]

>>>>>there are roughly a half trillion in gold in fort knox. we owe 14 trillion...<<<<<<<

Raise the price of gold 30-fold and problem solved.

Bank of America has derivatives worth 50 trillion. All major banks have toxic assets several times that much. As one banker said "Greece is the mouse in the room. The banks are elephant in the room."

30-fold is perhaps conservative. Slashing two zeroes and setting a gold standard might do the trick.

[camle]

BOA is a private entity. are you suggesting that we confiscate private assets to service public debt?
and how do you propose to raise the price of gold? by fiat?