I put up a link to a MoneyMarket.com article yesterday, that reminded everyone who read it that the same exact "debt ceiling" increase "crisis" popped up during Dwight D. Eisenhour's presidency. Congress wouldn't pass it then and the Treasurery Dept. liquidated enough of the then vast gold reserves with the central bank to pay all the bills for over a year!!!
Even if our Federal Gold Reserve is diminished today, what we have is based on $40/ounce prices and with the price/ounce now at over 1600/oz, it would still save us from mistakes induced by panic mongers in the three branches with the media megaphone blaring BS all over all of us!!!
Here’s the link to the link I posted yesterday and referred to just above:http://www.freerepublic.com/focus/news/2755750/posts?page=5#5
If you can handle seeing that...watch for a replay on CSPAN...
Just unbelievable!!!