The 100 Trillion Dollar Question

Cassandro

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Let's face it: The US Government has over $100 trillion in unfunded liabilities when Social Security, Medicare and pensions are added to the National Debt. This amount is incomprehensible to most people, but it is real. There is no way the US can meet these obligations under our current financial system. If we ignore this problem much longer, the government will default, the dollar will become worthless, and social chaos will ensue.

In order to avoid this outcome, we must construct a new system wherein our obligations will be secured by tangible assets. This will ensure the value of our money and promote real economic growth. Unfortunately, we do not have enough assets to accomplish this at the present time. Therefor, we need new solutions to this problem and we need them fast.

One idea is to revalue our Treasury gold to current market prices. However, this would only add about $1 trillion to our balance sheet, but that would barely be a drop in our $1 trillion bucket. As a result, we need to think in quantum terms if we are going to solve this problem before it devours us. That means that we need exponential increases in the value of our assets.

A better idea would be to establish a gold price at 10x market value, which would increase our assets by about $10 trillion. In turn, these assets would be used as 10% collateral for the $1 trillion in obligations we now owe. This would not absolutely guarantee redemption, but it would still be the most secure in the world. Details to follow...
 
Let's face it: The US Government has over $100 trillion in unfunded liabilities when Social Security, Medicare and pensions are added to the National Debt. This amount is incomprehensible to most people, but it is real. There is no way the US can meet these obligations under our current financial system. If we ignore this problem much longer, the government will default, the dollar will become worthless, and social chaos will ensue.

In order to avoid this outcome, we must construct a new system wherein our obligations will be secured by tangible assets. This will ensure the value of our money and promote real economic growth. Unfortunately, we do not have enough assets to accomplish this at the present time. Therefor, we need new solutions to this problem and we need them fast.

One idea is to revalue our Treasury gold to current market prices. However, this would only add about $1 trillion to our balance sheet, but that would barely be a drop in our $1 trillion bucket. As a result, we need to think in quantum terms if we are going to solve this problem before it devours us. That means that we need exponential increases in the value of our assets.

A better idea would be to establish a gold price at 10x market value, which would increase our assets by about $10 trillion. In turn, these assets would be used as 10% collateral for the $1 trillion in obligations we now owe. This would not absolutely guarantee redemption, but it would still be the most secure in the world. Details to follow...
The dollar is not backed by gold and hasn't been since 1971.
 
Let's face it: The US Government has over $100 trillion in unfunded liabilities when Social Security, Medicare and pensions are added to the National Debt. This amount is incomprehensible to most people, but it is real. There is no way the US can meet these obligations under our current financial system. If we ignore this problem much longer, the government will default, the dollar will become worthless, and social chaos will ensue.

In order to avoid this outcome, we must construct a new system wherein our obligations will be secured by tangible assets. This will ensure the value of our money and promote real economic growth. Unfortunately, we do not have enough assets to accomplish this at the present time. Therefor, we need new solutions to this problem and we need them fast.

One idea is to revalue our Treasury gold to current market prices. However, this would only add about $1 trillion to our balance sheet, but that would barely be a drop in our $1 trillion bucket. As a result, we need to think in quantum terms if we are going to solve this problem before it devours us. That means that we need exponential increases in the value of our assets.

A better idea would be to establish a gold price at 10x market value, which would increase our assets by about $10 trillion. In turn, these assets would be used as 10% collateral for the $1 trillion in obligations we now owe. This would not absolutely guarantee redemption, but it would still be the most secure in the world. Details to follow...

A better idea would be to establish a gold price at 10x market value, which would increase our assets by about $10 trillion.

You want to reduce the value of everyone's money by 90%?
 
You want to reduce the value of everyone's money by 90%?
Yes, I want to reduce the value of the $100 trillion that we owe, and replace it with asset-backed currency and securities. Americans would be able to covert to the new currency initially, but after that the dollar would wither away and become obsolete.
 
Yes, I want to reduce the value of the $100 trillion that we owe, and replace it with asset-backed currency and securities. Americans would be able to covert to the new currency initially, but after that the dollar would wither away and become obsolete.

Right, you want to steal 90% of my cash to reduce government debt.

And somehow, we'd be back on a gold standard?

And all it costs me is 90%?

Wow, let me think about that shitty idea........nope.

Not interested.
 
Yes, I want to reduce the value of the $100 trillion that we owe, and replace it with asset-backed currency and securities.
they want>>>>

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~S~
 
Yes, I want to reduce the value of the $100 trillion that we owe, and replace it with asset-backed currency and securities. Americans would be able to covert to the new currency initially, but after that the dollar would wither away and become obsolete.
Interesting.

This is right along the lines of some of the ideas U was hoping to explore. here.

 
A better idea would be to establish a gold price at 10x market value, which would increase our assets by about $10 trillion.

Bottom line, unlike you and me, if the government really wanted to get out of debt, they would simply change the rules of the game, much as with Obumma's two "quantitative easings."
 
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