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    #31
    Originally posted by jazz View Post
    Surprised by the lack of economic knowledge here. The USA is nowhere near the likes of Greece and Japan. The US has hundreds of trillions of dollars of real assets to back a currency. The US govt alone has a $100T in assets. They could pay the debt off tomorrow if they wanted.

    What we are moving toward is resource asset backed currency and we know who the winners will be in that new world.
    ??? . . .

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      #32
      Originally posted by errolanderson View Post
      ??? . . .
      http://business.time.com/2013/02/05/the-federal-governments-128-trillion-stockpile-the-answer-to-our-debt-problems/ The Federal Government’s $128 Trillion Stockpile

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        #33
        U.S. Fed cut their key lending rate 1/4% at noon MDT today, the first cut since 2008. This cut was expected by the market, but no spark for inflation and no fix for their sagging economy (IMO).

        More economic fallout ahead . . . .

        Comment

          #34
          Originally posted by errolanderson View Post
          U.S. Fed cut their key lending rate 1/4% at noon MDT today, the first cut since 2008. This cut was expected by the market, but no spark for inflation and no fix for their sagging economy (IMO).

          More economic fallout ahead . . . .
          1st rate cut since 2008, Powell flip flops between hawkish and dovish in same speech. A real shit show.

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