How about Najix, the ice cream crapping taco?
Posted on 05/13/2013 5:08:26 AM PDT by blam
"If we do not cut spending, the Republicans say, our debts will spiral out of control and the country will implode.
"The good news, for those who don't relish the thought of the country imploding, is that this fear-mongering appears to be seriously overblown "
Don’t forget the nitrocellulose.
I used to be a free market conservative, but now I understand that government spending is really quite reasonable (except for the military, and who needs such a huge arsenal in a peaceful world as ours?), taxes are too darned low, and interest rates will stay near zero for the foreseeable future, so we should be able to pay off our debts rather easily, assuming stable growth. That's swell. I've just bought some put orders for pink unicorns. You know, the ones who crap Skittles.
Usually the writer goes to great pains to make a show of basing points on hard numbers --but only when it doesn't matter because he's just rambling. On this debt thing (the nub of the entire rant) he suddenly flips into fantasy mode making up numbers knowing the true believers never care about checking.
Seriously, in the real world we got the US --with maybe a fourth of the world's wealth-- at $79T assets minus $13T debt and that = $66T net worth. Money is important and we can't just make up our numbers and think we can get away with it..
How about Najix, the ice cream crapping taco?
I’ll take a dozen cases. LOL.
Uh...if gold were money your pile of greenish Federal Reserve Notes would be worth a lot less since last October, but the price of goods in gold would not have changed much at all.
Right now there is a brawl going on between deflation and inflation, and yes, they can happen at the same time. This can be seen in grocery stores right now with some products suddenly jumping in price by an entire dollar “a unit” amounting to a 20% or more inflation, and others getting ridiculous discounts.
More than anything else this shows dangerous price fluctuations, happening at the enormous scale of commodities. This indicates that smaller markets could get nailed with far greater inflation or deflation, quickly.
Gold's not money so we can go anywhere with "what-if's". What we do know for sure is that most gold sellers are willing now to trade an oz. of gold for the same pile of food, oil, clothing, and housing that last Oct. would have been worth less than 7/8 of an oz.
Sell it for fiat paper when needed. What if Au went to 10 or 20,000 per ounce!?
Junk silver might be better for direct buying and selling.
There's a category error in your formula.
You have government debt minus national wealth.
As if the government was the same as the nation.
Sorry about my curiousity, but how does one clean a corn cob? Swish it in water, and let it dry? Scrape it with a pocketknife? Now's the time to ask, before I need to use one.
What is left after you eat corn off the cobb?
Keep wet, use once, drop it. They come cheap. Biodegradable and all that.
Probably, but I have some 22LR (5000 rds) I paid about 4 cents a round for that I know I could sell for 10 times that now. That’s great value appreciation in my book, and I could sell it all in about 10 minutes outside WalMart.
...in the real world we got the US --with maybe a fourth of the world's wealth-- at $79T assets minus $13T debt and that = $66T net worth....
...You have government debt minus national wealth...
Let's get together on what we we're talking about.
The article looks like it's working with private net worth so that means we go to the link and get $13T private liabilities total from table B.100 page 113 (p. 120 of the pdf). No gov't debt involved. If you think the writer meant gov't debt you can say why but that's still not the point. The writer made up a $1.3Q number out of thin air and somehow that's supposed to mean everyone should buy gold.
Bogus.
Thanks for the info. That’s a lot of corn. Guess I’ll start growing some. My mom had told me long ago that during WWII in her country, they used a cloth rag and washed it out. No TP. No washing machines either, Scrub boards were the norm for baby cloth diapers so it was no big deal for them.
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