reply to post by tinhattribunal
Lets say that it's valued at $100 a barrel. That's $200,000,000,000, or $200 Billion...
Someone's going to have to convert the currencies, to really make sense of it. But regardless, this really doesn't add up to much.
€10,320,106,100,000: that is the total amount owed by the 27 governments of the European Union.
or $10 Trillion....
This is a small dent!!!
Not to burst any bubbles here... but this is all small potatoes. Even the gold numbers...
425,000 ounces by 2016, worth $757 million
I mean, cmon THIS IS NOTHING!
There are soooo many, much larger deposits of these ores being found, that will actually amount to something, It's just too bad that Saudi investors
are raping and pillaging these findings.
I have a VERY LONG article that I'm going to be sharing with the ATS community as soon as I am able to post, that may bring some perspective into the
conversation regarding precious metals markets, foreign relations and geo-political stationing.
Lets put it this way, Greece is reporting 425,000 ounces of gold.
Ethiopia... is reporting 128 tons of gold.
There's much more to this story, but basically... the government of Ethiopia is getting ripped off. Yet, the World Bank, for some reason
, has now
all of a sudden found interest in investing billions upon billions into the infrastructure, especially the electrical grid of Ethiopia.
Word of advice... If you want to make money, go to Ethiopia... If you're smart, and choose the right direction, you may become the next billionaire.
edit on 27-12-2012 by retirednature because: comment