Ron Paul Knew This was Coming, Cramer Explains Why

[RonRules]

I misread your message. I thought it said 10 to 9.

Instead of speculating, just go to the Federal Mint web site. The gold reserves at Fort Knox are 125 Billion. Our economy is approximately 10 trillion.

Therefore, the actual reserve is 1.25%. That's like having 1.25% equity in your house.

NOT GOOD.

We were supposed to have 40%. I'd sure like to know where it all went.

 

[michaelwise]

I think Fanni May an Freddi Mac will get in trouble at some point because of underlying assets falling values. Not Pretty.

 

[louisiana4liberty]

We print money and sell it to foreigners with a promise to pay interest on it. Then, when the interest comes due, we just print up some more money and sell it to the foreigners (with another obligation to pay interest) just to pay the original interest. Pretty much sums it up. A RECIPE FOR DISASTER And people are finally catching on!

Do we really think these foreigners are going to keep believing this scam? Has America made any real effort to pay down their debts with something of real value? Not just some printed up treasury notes? Maybe a precious resource like gold or silver would suffice as payment? Hmmm...

 

[Libertytree]

I have a question: When China loans us $50 billion, do they not require some sort of collateral? Or is our word good enough for them?

 

[WilliamC]

I have a question: When China loans us $50 billion, do they not require some sort of collateral? Or is our word good enough for them?

I think that little phrase "In God We Trust" on the Federal Reserve Notes totally reassures them that they will get paid back

It's all a sham, there is no expectation that any of the National Debt will be paid back.

Instead it will be defaulted on, and woe to all who hold Treasury bonds or cash.

 

[Libertytree]

I actually wondered, what are the stipulations of those loans? Could it be real estate...California, Florida etc..? Surely the Chinese aren't that stupid.

 

[liberteebell]

Just wow

 

[BreakYourChains]

I am in retail and am scared as shit. 2007 was down 10% from 2006 and Jan 2008 is already down 15% from Jan 2007. I have cut my spending to the bare bones and trying to put away as much as possible. Been buying gold and silver like crazy.

Buy food, and a way to purify water. Gold and silver in coins, but you have to eat first. People will not be impressed with gold and silver in the beginning, they will be looking for food. Buy gardening books, and put a garden out this spring, asap. Learn to feed yourself. We all need to do this. Yes, ammo too, unfortunately.

 

[idiom]

I actually wondered, what are the stipulations of those loans? Could it be real estate...California, Florida etc..? Surely the Chinese aren't that stupid.

The word of the US Govt. is meant to be gold. But if it fails and China loses some money it doesn't matter because they Win Big as America implodes.

 

[Mark Rushmore]

..

 

[torchbearer]

The Fed wants to crash our economy - it's all by design. They won't stop until our dollar is as weak as the peso.

They do that so more people will turn to the government for assistance.
They create the poverty then they "save the day" with more government programs until we are completely communist and the lennonist-marxist and ex-Trotskys will have won....

watch this G. Edward Griffon Seminar if you haven't... it will blow your mind:
http://video.google.com/videoplay?docid=6015291679758430958