America’s Trade Debts Lead to a Likely Gold Confiscation

[Rlynne]

Federal agencies have indicated that the accumulated trade debts of the United States have reached $9 trillion. This can be explained once one realizes that outsourcing of production jobs and manufacturing has gathered speed over the last twenty years to a point where we don’t make more than a nominal percentage of our own necessities. These debts result in accumulated “TRADE DEFICITS” which are discussed in the daily papers. What is not discussed, however, is how these “trade debts” will ever be paid. Well, common sense would tell most of us that — they will be paid in some form.

Read entire article here...http://news.goldseek.com/GoldSeek/1196605589.php

[Akira-]

What you never hear about is the 50 trillion in unsecured debt, that will need to be paid as well.

Originally Posted by Claire Wolfe

We are at that akward stage of government where it is too late to work within the system and yet too early to shoot the b*stards.

[mrg]

Thanks for the post, and the links RLynne.

You seem to be always right on the ball.

Thats good info, too Akira, I never thougt about that, and most people probably have no idea about either debt, except some vague gnawing wonder about why their FRN's are not going as far as they did just within the last eight months or so.

[ezrhythm]

Interesting how the article mentions the Liberty Dollar raid and how they would not be amazed to see the confiscation begin under the current presidency.


First the gold... then the guns.