October Surprise Coming?

[Cassandro]

It is essentially like you writing yourself a check for a million dollars and then putting that you have a million dollars on your loan application.

No, it is like filling out a new loan application and listing your assets at their current value.

 

[CrusaderFrank]

Was Fort Knox ever audited?

 

[Crepitus]

The difference is that it is not borrowed money. Have any of you ever taken an accounting class?

I have a minor in accounting. Admittedly it's kinda old at this point but...

 

[Crepitus]

Why?

Do you seriously think he's not gonna spend it immediately?

 

[Cassandro]

Do you seriously think he's not gonna spend it immediately?

This illustrates the dysfunctionality of our current debt financing system. Even if the entire amount was used to pay down our current debt, future Congresses would replace it with new debt. The only way to get out of this debt spiral is to limit borrowing to what can be secured by real assets, like gold or other commodities.

 

[Failzero]

Fort Knox was robbed in the Mid 1960s ?

 

[Blisterfinger]

I have a minor in accounting. Admittedly it's kinda old at this point but...

Unfortunately you don't count because you've been proven stupid.

 

[Crepitus]

This illustrates the dysfunctionality of our current debt financing system. Even if the entire amount was used to pay down our current debt, future Congresses would replace it with new debt. The only way to get out of this debt spiral is to limit borrowing to what can be secured by real assets, like gold or other commodities.

I'm talking about as soon as it becomes available. Most likely Needy Amin's billionaire buddies would get an immediate tax cut.

And maybe pave over something else historical.

 

[Crepitus]

Unfortunately you don't count because you've been proven stupid.

Says the board's resident retard.

 

[Blisterfinger]

Says the board's resident retard.

Luckily you don't count as you've been proven stupid so many times.

 

[Cassandro]

I'm talking about as soon as it becomes available. Most likely Needy Amin's billionaire buddies would get an immediate tax cut.

And maybe pave over something else historical.

WTH are you talking about now? Are you on drugs?