Skip to comments.If the Chinese Raided Ft. Knox, They Would Find Only 1/4 of What We Owe Them!
Posted on 12/30/2012 11:18:53 AM PST by whitedog57
A great scene in the James Bond film Goldfinger is the dawn raid on Ft. Knox where Goldfinger and his Chinese henchmen break into the vaults and attempt to set off a nuclear explosion.
Fast forward to today. Chinese is the larger holder of Federal debt outside of the US ($1.16 trillion), while Japan holds $1.13 trillion. The Federal Reserve, of course, is the largest holder of the Federal debt overall.
Ft. Knox in Kentucky allegedly holds 147,200,000 ounces of gold bullion. At todays price of $1,655.80 per ounce, a raid on Ft. Knox would yield $243,733,760,000.00 (or 243 billion). Or just about one quarter of the amount we owe China.
Stated differently, the entire gold reserve in Ft. Knox is not quite 25% of the current Federal budget deficit for one year! THAT is how big of a problem government spending has become.
Of course, I dont recommend that Goldfinger, the Chinese or Japanese raid Ft. Knox. But Washington DCs complete lack of interest in fixing our spending and entitlement problems will probably tempt them!
Or the Democrats and Harry Reid trying to raise money to spend.
(Excerpt) Read more at confoundedinterest.wordpress.com ...
What seems to have caused you to excerpt your own blog?
How are the Chi-Coms going to pay the rest of what they owe us?
United States Free Enterprise, INC.
Your Treasury certificates are your payment receipts. Thank you.
Who says there’s any gold left in Ft. Knox?
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.