Extrapolation---US Dollar---DUN LIKE DINNER!!!! The USA hit it's legal borrowing limit Monday. The US Treasury Department has said that Congress
MUST raise, YET AGAIN, the US debt ceiling by August 2nd. to AVOID DEFAULT!!!!
$ 14.3 TRILLION in DEBT-----Let's extrapolate that in Barn Breath layman terms, so that one can fully
comprehend and understand what this amount of FIAT debt actually amounts to.
*****A stack of US DIMES, with no silver content by the way, and by "stack" I mean not put side by each but
instead one on top of the other, would WRAP all of the way around the Earth, at the EQUATOR, with a good
chunk of change to SPARE!!!!
*****In 1981 a STACK of US 1,000 DOLLAR BILLS----equivalent to the total USA government debt, at that
time, would reach to a distance of 67 MILES HIGH---roughly 110 kilometers.
That's ONLY 30 short years ago!!!!
*****To put that in perspective, since that time, the US national debt, NOW in the year of our Lord 2011, has
climbed to an incredible staggering amount to $ 14.3 Trillion Dollars!!!
How staggering is that? Well that same STACK of $ 1,000 US Dollar Bills would now be an unbelievable
900 MILES HIGH!!! (some 1,500 Kilometers).
*****In Canada, we no longer have a $ 1,000 Dollar Bill. So for us up here, and for all of the Ralph Cramden
fans out there-----------in $ 1 Dollar Bills-----this STACK would reach TO THE MOON and BACK-----------------
are you ready for this?--------TWICE. Well Alice, that gives a whole new meaning to that famous phrase,
"VA VA VOOM!!!!!!!!!!!"
Still not convinced the US Dollar is DUN LIKE DINNER? Then consider these facts:
*****The US Government borrows about $ 125 BILLION per Month!!!
*****Let's break that figure down, and even give our southern neighbours a break----I'll use a generous
31 DAY Month. Per Barn BREATH math----that means the USA borrows nearly 4 BILLION US Dollars,
PER DAY!!!
*****Still not convinced? Calculators don't LIE. In ONLY one HOUR---mind you that's an US hour------
the USA borrows roughly $ 169 Million Dollars-----an amount MORE than it paid to RUSSIA for ALASKA
in 1867. (That's is an amount converted into today's debased and thoroughly inflated US Dollars!!!
*****What in the Wild World of Sports? The Barn Breath calculator is still at work----------------------------!!!---
The good old USA borrows MORE than $ 40,000 dollars EVERY SECOND, 24 hours a Day, 365 and a
quarter day, a YEAR!!! Naturally that's pre-tax, but then again the US Government does NOT tax itself-------
ONLY their (getting poorer) unsuspecting proud CITIZENS!!!
*****Want more? Sorry Scoutaz, if you are still reading this.
In just a measily TWO HOURS, the US Government BORROWS MORE MONEY than it actually paid FRANCE
for the whole HUGE amount of land obtained by the 1803 LOUISIANA PURCHASE!!! For Canadians, that
land purchase included today's Arkansas, Iowa, Missouri and MORE. That, sports fans, is a LOT of College
Football Teams!!!
Best ROBBERY EVER----besides what was paid to the Indians for Manhatten Island-----?????
Now they are basically "robbing" their own citizens, and their legacy, and especially their decendants, of their
well deserved legacy and inheritance and freedom----which for so hard they fought for!!!
*****It's JUST PLAIN SCARY, isn't it? I mean what would they have paid for the whole of CANADA???
Canuck "chump change"!!!
As one esteemed poster says, and his name says it all, "When you're On-E-Roll, U ARE---RONNIEROLL"!!!
Thanks, by the way for the insider numbers----What is also interesting, which Sedar doesn't calculate and
hence point out for you is the AVERAGE PRICE per SHARE that was paid by the Insider(s).
This you should, and have to do, for yourself---as I've said before, it is not only a worth-while exercise, BUT,
both interesting, and PUZZELING??!!??
Oh yeah---almost forgot----what does all this mean?---besides you're completely fed-up and completely
tired of my boring ramblings?
*****The US Dollar is going down. Yes, there will be lies and deceitful statements by the US politions in
June regarding quantitive easing, cutting spending, decreasing debt, riasing the interest rates etc. etc.
And I believe gold and silver will be attacked viciously----but the proof is in the pudding, and long term,
the downward trend----a spiral?----will continue.
How can the US stop it? I don't believe they can.
How can they "afford" not to stop it?
What a DELIMA!!!!
There will be a lot of "smoke and mirrors" statements made, and games played!!!
*****What will save them? There is no doubt in my small and sick mind, that it is THE FACT that basically,
the the whole World is in a "Race to Competitively debase their Currencies" to get a seemingly obtain an
advantage over the other countries and nations
The US Dollar WILL REMAIN the World's International dollar of exchange for quite a while longer!!!
Because-----what is the ALTERNATIVE fiat currency?
*****But this can't go on FOREVER, and the situation is getting WORSER and WORSER---and QUICKER than
most people realize.
*****Yes, it means "we" are correct. The World will at large WAKE-UP to what is happening.
One should buy GOLD especially, and other precious metals----and good GOLD STOCKS!!!!
*****Yes Ralph, GOLD is going to go MUCH, MUCH HIGHER!!!!
Just like U famously said, "TO the MOON Alice----to THE MOON"!!!!!!!
There, I feel much better now. Like Captain Caveman said---"It's good to rant every once in a while!"
It doesn't do any harm----because NO ONE in their right mind SHOULD EVER listen TO-----
BARN BREATH!!!!
P.S. Take care of INTI, Ganeshma, wherever U are.