Gold Standard?
The World Is Not Enough..
Do The Math:
All the gold ever mined = 158,000 tonnes
SOURCE (#37)
Now convert 158,000 tonnes to troy ounces
USE THE CONVERTER
Answer: 158,000 tonnes = 5,079,817,957.8 troy ounces
Now divide that many troy ounces by the number of households in the US = 112,362,848
2008, Series 1 Estimate
5,079,817,957.8 troy ounces
divided by
112,362,848 households
=
45.21 troy ounces per household
x
gold price
$822 (on December 12, 2008)
=
$37,162 per household
IF
The US had ALL THE GOLD EVER MINED.
(we don't)
OK, now, pay off your car and your student loan and your credit cards and your house and...
How much gold do you have now??
Wait now... What about National debt?
What about Social Security?
If you paid your debts with gold, who ends up with the gold?
When you found all the gold in the world, what did you buy it with?
Did you have to borrow that money?
All the gold ever mined is worth approximately $4.176 Trillion.
We owe $114.5 Trillion.
($53T government/personal/business + $53T unfunded liabilities + $8.5T 2008 spree)
There is not enough gold in the world, to clean up our debt.
We'd need over 27 times the entire world's gold supply, just to break even.
You had better get behind a solution that works on the same principles as gold (wealth based money) and implement that system. We are running out of time.
The MINNESOTA TRANSPORTATION ACT answers this need, and then some.
Email to find out how you can help: moneyaswealth@gmail.com
