Thursday, July 28, 2011
The Debt ceiling is getting Lower every day because of inflation.
Today the Debt ceiling is 14.3 Trillion US$ or 303.4 thousand tons of Gold.
Last year, 2010, in June the Debt ceiling was 12.4 trillion US$ or 336.1 thousand tons of Gold.
So when measured in Gold the debt ceiling has fallen since last year by 32 thousand tons of Gold.
Why do I get the impression I'm hitting the upper atmosphere on a de-orbit without a heat shield?
The DEBT Ceiling OR Borrowing limit is irrelevant.
The USA CAN NOT Borrow any more money.
Witness the following observation (AND MATH);
Last year, that's right One Year Ago, the national debt was equivalent to 352,242.3 tons of GOLD. More gold than the entire production of the world since we first started digging the little gold flecks out of the sand.
TODAY, the National Debt is only worth 303,378.91 tons of GOLD. A drop of 48.9 thousand tons and now in range of total worldwide estimated gold ever mined.
The Postulate is that; "WE CAN NEVER BORROW MORE MONEY THAN THERE ACTUALLY IS". The laws of physics prevent it and there is an actual physical limit beyond witch we can't go.
Lets talk about this on the golf course with speaker Boehner and president Obama.
National Debt per GoldPrice
GoldPrice = US$ 1615.30 / troyounce = 51933.101 US$ / kg
NationalDebt = 14293065510000 US$
14293065510000 US$ / 51933.101 US$ / kg
= 275220.72 thousand kg
= 303378.91 ton of gold
Thursday, July 01, 2010
Washington State Debt
6 Billion US$
325,240 lbs gold
162.6 tons gold
Or an 8 ft diameter sphere of solid gold
13 Trillion (+/- a few Billion) US$
352,242.3 tons of gold
Or a 103.6 ft diameter sphere of gold
And an interesting observation;
In the entire history of humanity it is estimated that the total amount of gold ever mined is 343,000 tons of gold. That's 20 million years of mining the stuff AND ITS 10,000 tons less than the amount of DEBT we have.
I'll email you numbers if you want to check my figures. I used the recent record high for the price of gold of $1,260/troy ounce.
Friday, June 18, 2010
Software Designer/Engineer; Creating software for private industry and State of Washington DOAG, DSHS, Seattle DOJ, Federal Public Health Service
Bachelor of Science Computer Information Systems University of Puget Sound 1984
$6.2 Billion dollars in the red and Olympia can’t cut spending. That’s $931 for every person. Next year will be higher with pensions still unfunded. It’s time to bring common sense back to our state.
- I believe in improving our education system by giving teachers more autonomy.
- I'll cut wasteful spending.
- I’ll not ignore the people’s tax initiatives.
- I’ll reduce business manufacturing bureaucracy that is driving jobs from our state.
- I'm against the income tax initiative because it does not eliminate other taxes such as sales tax and we know it will eventually be applied to all state citizens.
Sunday, June 13, 2010
Tuesday, April 21, 2009
A True Civil Government,
A True Domestic Life
In all three areas we have failed miserably both individually and as a society. The root of the failing of the others is our failure in the first. We must have a belief that our creator wishes that we be a better people and we daily strive each individually to improve ourselves in his eyes. To work in concert with natural laws, each love and protect our fellow man, and each of us recognize our individual faults that we may be better people tomorrow. This is the fundamental principle of a 'True Religion'. This is the fundamental foundation of a free people. If we can once again find this in ourselves we may also find that the will and strength to resist tyranny has again been restored within us