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Originally posted by GrndLkNatv
Today is the day to start buying gold, and lot's of it.
Originally posted by Otts
so Gools my friend, remind me once again why we Canadians bother repaying our own national debt, at the rate of about 8 billion a year?
It's all going to crash anyway...
Originally posted by edsinger
Debt - external (Top 10 Countries)
1. United States $862 billion (1995 est.)
2. Brazil $222.4 billion (2002)
3. Australia $176.8 billion (yearend 2002 est.)
4. Argentina $155 billion (2001 est.)
5. Russia $153.5 billion (yearend 2002)
6. Mexico $150 billion (2000 est.)
7. China $149.4 billion (2002 est.)
8. Korea, South $135.2 billion (yearend 2002 est.)
9. Indonesia $131 billion (2002 est.)
10. Iraq $120 billion (2002 est.)
Total $2.26 trillion
Weighted Average $240.29 billion
I wouldnt be to spooked yet....
This is basic knowledge of American government here, which is that CONGRESS CONTROLS THE BUDGET!!!!
The senate voted along party lines today to increase the debt ceiling and passage is anticipated in the House by the end of the day. This was an anticipated post-election development. The debt ceiling will be raised by over $800 billion to $8.18 trillion dollars.
George W. Bush may be the pres who breaks the bank, bankrupts the US which means bankrupts the world. If he keeps spending money like a drunken sailor everything we have will be worthless.
I guess that is where the President is planning to get his money to attack Iran, in the future.
Let's just hope in 2008 the US will vote for a president with a competent budget.
Mr. Bush has never known how to keep a budged probably in his life because daddy always came to the rescued; I wonder who is going to rescue him now.