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To: mountn man
Every single leased working well is an asset ~

You don't have to sell an asset to determine it's value ~ simply impute the income by looking at the records.

Here's your situation ~ you live in a country where the federal government owns 30% of the surface area and 100% of the offshore claims. The offshore areas are, of course, literally stupendous ~ most of the claimable bed of the Pacific Ocean to start with.

One hydrocarbon deposit in Montana was reported by Newt Gingrich at being worth over $100 trillion if worked. That's on federal lands. The nearby deposits on privately owned land are doing well also.

But the biggest asset is our combined military forces. We could probably get well over $3 trillion a year through the simple expedient of demanding tribute ~ no more mamby pambly United Nations garbage!

I"ve proposed issuing a US currency backed by asset production.

8 posted on 01/06/2013 10:07:26 AM PST by muawiyah
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To: muawiyah
Here's your situation ~ you live in a country where the federal government owns 30% of the surface area and 100% of the offshore claims. The offshore areas are, of course, literally stupendous ~ most of the claimable bed of the Pacific Ocean to start with.

[Between 1829 and 1835, President Andrew Jackson pledged to pay off the debt. In order to do so, he took advantage of a huge real-estate bubble that was raging in the Western U.S. The federal government owned a lot of Western land — so Jackson started selling it off. He was also ruthless on the budget. He blocked every spending bill he could. "He vetoed, for example, programs to build national highways,” Brands says. "He considered these to be unconstitutional in the first place, but bad policy in the second place.”] ~ From AAA to AA- in Four Years

12 posted on 01/06/2013 10:25:20 AM PST by NaturalBornConservative ("Something that everyone knows isn't worth knowing" ~ Bernard Baruch)
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To: muawiyah

[I’ve proposed issuing a US currency backed by asset production.] - Great idea, since the value of our currency should be somehow related to the value of our national worth!


13 posted on 01/06/2013 10:27:57 AM PST by NaturalBornConservative ("Something that everyone knows isn't worth knowing" ~ Bernard Baruch)
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