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Metal Asteroid Hurtling Through Space Could Wipe Out...U.S. Debt!
Bill Whittle Now ^ | 8/31/2019 | Bill Whittle

Posted on 08/31/2019 9:57:10 AM PDT by infool7

A metal asteroid worth $10,000 quadrillion, hurtling through space, makes construction of a massive orbital space station substantially cheaper. At least one company is already pitching a plan for a Von Braun Gateway Station housing some 1,500 people in orbit. The resources on the single asteroid, 16 Psyche, is not only enough to build the station, but to wipe out the U.S. national debt thousands of times over.


TOPICS: Astronomy; Science
KEYWORDS: 16psyche; asteroid; asteroids; astronomy; catastrophism; debt; elonmusk; falcon9; falconheavy; science; spacex
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To: infool7

Hi.

What kind of metal? Iron, uranium, gold. ?

Thanks

5.56mm


41 posted on 08/31/2019 1:13:40 PM PDT by M Kehoe (DRAIN THE SWAMP! BUILD THE WALL!)
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To: infool7

Bullcrap. If the meteor is worth 10,000 quadrillion, Fedzilla would simple spend 13,000 quadrillion and we would be in debt even more.

It’s like a habitually broke relative winning 250k on a lotto ticket. In 6 months they will be broke again and even deeper in debt.

You know it’s true.


42 posted on 08/31/2019 1:30:51 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
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To: infool7

Sorry I had to post and run.

The link to the YouTube in the

First post has the video with

all the details.

I’m heading back out will post again

later tonight.

7


43 posted on 08/31/2019 1:58:14 PM PDT by infool7 (Your mistakes are not what define you, it's how gracefully you recover from them that does.)
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To: Jack Black

Does he seriously think you could dump a quadrillion tons of gold into the market at $300 / ounce?
**************
Did the price of gold crash, when the Spanish shipped it from the Americas to Europe?

Just wondering.


44 posted on 08/31/2019 1:59:43 PM PDT by Yulee
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To: Yulee
Did the price of gold crash, when the Spanish shipped it from the Americas to Europe?

It caused massive inflation. Back then gold WAS money, so the effect of way more gold was similar to the effect of way more money now. That is: inflation.

Price revolution

45 posted on 08/31/2019 2:07:48 PM PDT by Jack Black ("If you believe in things that you don't understand then you suffer" - "Superstition",Stevie Wonder)
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To: Don Corleone

Excellent question


46 posted on 08/31/2019 3:45:55 PM PDT by Extremely Extreme Extremist
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To: infool7

If you have too much of anything, it gets devalued and worthless.

Imagine if there were mountains of gold on Earth. It would cease to be a rare metal and no more valuable than iron.


47 posted on 08/31/2019 3:46:16 PM PDT by adorno
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To: infool7

Of course when you introduce that much metal into the market the price collapses. It’ll have to be harvested very slowly.


48 posted on 08/31/2019 3:48:53 PM PDT by discostu (I know that's a bummer baby, but it's got precious little to do with me)
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To: Sparticus; DarrellZero; Don Corleone; Dahoser; E. Pluribus Unum; Signalman; Lurkina.n.Learnin; ...

As I am of meager means let it be known that

I have no functional understanding of the markets:

local, national, global or otherwise whatsoever so

despite this being a totally unprecedented situation

it still utterly defies my comprehension.

The nearest to anything I can think of is say:

Company XYZ owns mineral rights to land

(that it is more than strong enough to defend)

on which is discovered an enormous oil and gas deposit.

Whatever that does to the global markets when the

resource is substantially greater than all other such

proven resources combined, I have no clue but

my guess is company XYZ’s stock goes WAY up.

7


49 posted on 08/31/2019 5:07:00 PM PDT by infool7 (Your mistakes are not what define you, it's how gracefully you recover from them that does.)
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To: infool7

Depends on how enormous it. Scarcity is a part of the price of all things. If so much gets introduced to the market at once that scarcity disappears, price drops. There’s a reason South Africa keeps such a tight control of how many diamonds come out of there. Keeps the price up. If there was suddenly 1000 times as much gold available in the market do you honestly think it would be selling for nearly $1400 an ounce? Of course not. With that much gold it simply isn’t worth that much. Frankly it’s not worth that much already, with 1000 times as much on the market gold probably would be trading at 50 cents an ounce. Scarcity matters.


50 posted on 08/31/2019 5:11:32 PM PDT by discostu (I know that's a bummer baby, but it's got precious little to do with me)
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To: I want the USA back

My apologies for posting with the link to the article behind the paywall,

there was a hotlink to the video in the first post.

I don’t know what it means that’s why I posted it here so

we could all discuss it.

Thank you for adding your two cents.

7


51 posted on 08/31/2019 5:22:17 PM PDT by infool7 (Your mistakes are not what define you, it's how gracefully you recover from them that does.)
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To: Tai_Chung
China owes us $1 trillion in debt left over from WW2

Link?

52 posted on 08/31/2019 5:51:12 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: Steve Van Doorn
We would have to get rid of the federal reserve first.

Why?

53 posted on 08/31/2019 5:53:38 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: Toddsterpatriot
The fed controls how currency and all loans.
How would you do it our money is under the control of private banks?
54 posted on 08/31/2019 6:03:55 PM PDT by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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To: infool7

I heard that the asteroid already fell onto...Greenland.


55 posted on 08/31/2019 6:08:11 PM PDT by right way right (May we remain sober over mere men, for God really is our only true hope.)
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To: infool7

How do you get pieces of it through atmosphere? You cant have a large piece of it crashing into the earth and small pieces on a capsule or craft wouldn’t recover the cost of launching the craft.


56 posted on 08/31/2019 6:54:26 PM PDT by free_life (If you ask Jesus to forgive you and to save you, He will.)
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To: Steve Van Doorn
The fed controls how currency and all loans.

I've taken out mortgage loans, auto loans, student loans and margin loans, the Fed didn't have a say, one way or the other.

How would you do it our money is under the control of private banks?

It's not under the control of the Fed. The Fed isn't private.

57 posted on 08/31/2019 6:55:10 PM PDT by Toddsterpatriot (TANSTAAFL)
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To: Bringbackthedraft

Space Station Number 5:

https://youtu.be/yxUgW5CLk18

L


58 posted on 08/31/2019 6:58:19 PM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: discostu

I think that iron and nickle are significantly

different from gold in that they are much more

useful for building things especially structures,

I think the point of the video is that

they are well worth the effort to obtain.

7


59 posted on 08/31/2019 7:06:29 PM PDT by infool7 (Your mistakes are not what define you, it's how gracefully you recover from them that does.)
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To: Toddsterpatriot
The fed loans money to your banker that loans you the money.
The primary issue with the fed is how they get their money to loan too the bankers.
60 posted on 08/31/2019 7:09:45 PM PDT by Steve Van Doorn (*in my best Eric Cartman voice* 'I love you, guys')
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