Precious Metals New Thread 2.0

Borrowing money leads to bankruptcy, that is the point of lending at the nation level so the borrower goes bankrupt and you can take their assets or make them do what you want...

If we owe money we are the slave to our debtor.
In the 50s we were the lender not the borrower.
But the US may not intend on repaying our debt.

The lender is the master the borrower is the slave.

 

Uh... What?

Now we don't have the highest GDP? Or GNI, eh?

Our wheat export alone is NUTTY compared to other nations.

I'm going to go on my way.

 

Iraq, Libya, Syria, Iran, China, N Korea, Russia.......

It's called a Petrol Dollar, if they sell outside the dollar it undermines our currency... If you want to buy oil for your country you have to use Dollars......

 

Yeah we have a trade deficit and Chinas exports are double ours......

 

The US will never repay it's debt. You heard it here first.

 

Okay you took the bait so I'll play along.

If I had a public company and was 63 billion dollars in debt I'd be a slave to the debtors aka bondholders right? But then again I just might earn 235 billion as well as hold 38 billion in cash, that's right in CASH all while having nearly twice as much in debt. Yet my earning are nearly QUADRUPLE the debt I need to service all the while earning $9+ for each shareholder and paying them $2 a share in dividends.

If all that was true I could either be a slave to my master or I could just be called Apple...

 

I know..........

 

When you owe what the USA does, you own the bank. Not the other way round. In other words I agree with you but on a different path.

 

When you borrow the amount of money the USA has... well they basically own the banks not the other way around. It's truly the too large to fail scenario.

 

Or the United States

Take care, thread. It's been real.

I hope your investments pay off well, OP. I really do. Good luck.

 

Yeah I know, I just thought my example would be more entertaining, like boom, drop the mike and walk off the stage......

 

In comparison the US would have no cash only earn 40 billion and have 200 billion of debt have another 1,000 billion in unfinanced promises, pay .25% in interest and asking to borrow another 15 billion to keep the lights on.....

That's the problem....
If the US was a stock you would be an idiot to buy any.........

 

I blame Canada for selling off that last $10K in gold coins and the recession that kicked off for us

 

Fuck it, let's ask the USA for some nukes that we can use to hold India hostage for it's gold.

 

Only selling to meet demand

BlackRock Suspends ETF Issuance Due To "Surging Demand For Gold"
http://www.zerohedge.com/news/2016-03-04/blackrock-suspends-gold-etf-issuance-due-demand-gold

 

Its irrelevant

 

I mean it's relevant in the sense that the IAU ETF is down a WHOPPING 5% since the suspension which translates to absolutely nothing!

Demand is SO high that everyone has sold the stock off, mmmmmmmm great example Steve.....

 

I was talking about the idea that Canada selling off its whopping $135 million in gold could have any effect on our economy or dollar

Its irrelevant

 

This thread spreads out like a shotgun blast from 300 feet. Trust me, if they can't poke a hole in your argument then they jump to a totally separate line of thinking about a vaguely related topic.

 

Well lets get back to looking at the USA like it was a company, that's a great idea..
https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/15frusg/02242016_FR(Final).pdf
Here is the financial report of US

the us has 3.9T in total net cost - 3.3T in total revenue =( - .6T )current debt, seam low less than I thought
the US has 21.4T in liabilities - 3.3 in assets = (- 18.1T) current liabilities, 1.2T of the assets are loans about .9T in student loans
A lot of countries run at a profit something we used to call reserves........
Apple looks a lot better than the US.....