Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Hoodat
Oh sure, I am intrigued by his calls for auctioning off federal lands and such to satisfy the debt. Yet such statements reveal an ignorance of supply, demand, and the structuring of the debt, so much so that they cannot be taken seriously.

You have GOT to be kidding! That statement is as asinine as saying the Pope doesn't know the Bible.

You may not like his take on the Bible, you might not agree with his conclusions, you might resent his views on authority, but claiming he is "ignorant" of the subject only leads one to ponder the question of what he knows that you don't.

1,127 posted on 04/21/2016 12:45:54 AM PDT by papertyger (-/\/\/\-)
[ Post Reply | Private Reply | To 1124 | View Replies ]


To: papertyger
You may not like his take on the Bible, you might not agree with his conclusions, you might resent his views on authority, but claiming he is "ignorant" of the subject only leads one to ponder the question of what he knows that you don't.

Wouldn't that depend on what the Pope said about the Bible? You are ready to give the Pope a free pass without even knowing what he said. With Trump, we do know what he said.

Think about this for a moment. How realistic do you think it is for anyone to raise $20 trillion in capital over the next four years? Over the last eight years, our government has had to print up $10 trillion in new money because people with existing dollars were not willing to invest in America.

Let's say that Trump becomes President and decides to hold an auction next year. The Chinese and the Saudis and the Europeans show up with their dollars ready to scoop up American bargains. First off is the UN followed by the Hoover Dam and Yellowstone Park. These get some heavy bidders, and maybe together they bring in $1 trillion. Architects from the UAE began to create a new skyline where the UN stood. Chinese engineers turn Yellowstone into a geothermal energy farm. And Mexico buys the Hoover Dam, sending that electricity back across the border. And we are still $19 billion short.

Next on the block is Mt. Rushmore, George Washington National Park, and the Elk Hills petroleum reserve. Oops, scratch that last one. Clinton already sold that. So the Australians bid on the forest, sending all that lumber down under. Mt. Rushmore doesn't bring in much, especially since the pool of money has already been depleted by the previous sales. As this continues, near the end there will be very few dollars chasing a heck of a lot of land still on the block. Russia will end up as the high bidder on 90% of Alaska, getting it for pennies per acre. And they will do so because there are no longer any other bidders - their money already depleted.

And then there is the nature of the debt itself. Debt is typically sold in 20-year notes. It does not need to be retired until it is due. So there is no point in selling off assets to retire a note today that won't be due until 2030.

1,141 posted on 04/21/2016 1:06:36 AM PDT by Hoodat (Article 4, Sec. 4)
[ Post Reply | Private Reply | To 1127 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson