morning all,slightly off this thread, but it has gone quiet...

morning all,

slightly off this thread, but it has gone quiet anyway. Sorry if any think this is a derail.


This below (at bottom) comes from the humuor forum - assuming the figures are even remotely correct ------------ this is one very clear picture of one reason why fml probably has stars in it's future.
Combine this with Figure 14 in this link

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/3_Louise_Yamada_-_Gold_%26_Silver_Closing_in_on_Bullish_Breakouts.html

If anyone thinks the USA is getting out of the woods - I hope you enjoy this below. Thanks to post 69001 bypoyndexter

have a great day all,

Pinto





This is really well put, in terms the average punter can understand ... it cuts thru political doublespeak and provides clarity ... and its the same for many countries in Europe ...

Lesson # 1:

Why the U.S. was downgraded:

* U.S. Tax revenue: $2,170,000,000,000
* Fed budget: $3,820,000,000,000
* New debt: $ 1,650,000,000,000
* National debt: $14,271,000,000,000
* Recent budget cuts: $ 38,500,000,000

Let's now remove 8 zeros and pretend it's a household budget:

* Annual family income: $21,700
* Money the family spent: $38,200
* New debt on the credit card: $16,500
* Outstanding balance on the credit card: $142,710
* Total budget cuts: $385

Got It ?????

OK now Lesson # 2:

Here's another way to look at the Debt Ceiling:

Let's say, you come home from work and find there has been a sewer backup in your neighbourhood ... and your home has sewage all the way up to your ceilings.

What do you think you should do?

Raise the ceilings, or pump out the (ummmm) "effluent"?

Dex