Project Moonbase - Mr. Romney Opts Out (To Our Peril)

28 January 2012

Mitt Romney just wrote himself off in my book. He opposes Mr. Gingrich's plan for a moon base, and would "fire" any staffer who suggested such an idea. (Click here.)

Has anybody here thought more than 50 years ahead? By 2062, we will certainly not have enough oil or natural gas to power human activity. The US and China have extensive coal reserves, but that is hardly appealing as a long-term energy plan.

Even with voluntary, or even mandatory, population control, we will still have 7 billion, and almost certainly more, humans inhabiting the planet.

Hopefully some plan for nuclear fusion as a source of power works out, but what if it doesn't? (It's not going to be easy to re-create the interior of the sun on our planet, even in "micro-spaces.")

We know for sure that the best source of solar energy is in space. If we're not operating in that environment in 50 years' time, we risk catastrophic developments. I'm just saying that humans (and by then, our robotic extensions) will have to be very active in space.

If Mr. Romney has never even thought about this, he is not fit for the presidency in my view.

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Doug Casey Sums It Up: The US Is Bankrupt

14 January 2012

What is the economic state of the US?

Bankrupt.

Doug Casey calls our present situation the "Greater Depression."

Click here for Doug's blunt take on our present predicament.
As usual, Doug has summed it up.

NOTE: Henry Blodget is now voicing second thoughts about Paul Krugman's "don't worry about the debt" argument, as well he should in my opinion. In addition to Blodget's four points, there is a fifth - our demographics are the inverse of the post WWII period (as Mr. Casey well explains). In brief, we should be very worried about the debt, as there is no ballooning younger generation to whom to hand it..... (though I also believe that robots will start to solve many of our economic problems - as well as create a host of new ones - as soon as the present decade). Click here for Mr. Blodget's opinion piece.
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All You Need To Know About Gold....

11 January 2012

Probably every fact you would ever need to know about gold is here:

ALL THE WORLD'S GOLD

My advice, check it out....


From: Number Sleuth
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The US Debt Is Still Too Big To Be Paid - Ever....

6 January 2011

I've often posted on this topic.

The US cannot pay its bills, except by the "extend and pretend" method of printing more money.

By the time all the money is printed to pay the bills, the integrity of the US dollar will certainly be called into question.

Here are just a few of the facts:

1. Every American man, woman and child is accountable for $135,000 in future tax liabilities.

2. Combined federal, state and local government expenditures amount to 46.6% of GDP.

3. Federal debt to GDP now exceeds 100%.

4. The government pays more money to US citizens than US citizens pay in taxes.

5. The government's fiscal gap now stands at $211 trillion (this is money committed to be paid in future for which no source of revenue has been identified).

Here's the link to the bad news - click here.
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