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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

Every year Obama incurs deficit (additional debt), which is more than double of the national reserves

Posted on | December 23, 2014 | 9 Comments

US reported gold reserves are 8,133 tons of gold (that is if the gold is really there). This translated to 338,875 billion dollars. we can round it to approximately 339 billion.

Gold represents 72% of the US National reserve. So by multiplying by a 100 and dividing by 72, we get the total US National reserve at 470,669 billion dollars. This is less than half a trillion. Since Obama took office, he ran deficit of between 1.1 to 1.3 trillion per year. This is 2-3 time more than our national reserves.

In 6 years Obama doubled our debt from 9 to 18 trllion. This debt is roughly 36 times our national reserves. Are you surprised by the fact that China stopped buying our debt and that BRICS (Brazil, Russia, India, China, South Africa) countries are looking to drop the US dollar as an international currency in their transactions?

What, also, is of great concern, is that Congress amended Dodd Frank in its 2015 omnibus. This amendment will allow large investment banks to drop trillions of dollars of 303 trillion outstanding derivatives debt into FDIC insured accounts. How can the US treasury with only  half a trillion in reserves insure 303 trillion of garbage derivatives? That’s more than 600 times our reserves!!!

This will blow up sooner or later!

https://www.futuresmag.com/2014/08/28/largest-20-gold-reserves-by-country-2014-edition?page=13

August 28, 2014 •  United States

Despite ending the gold standard in 1971, US  holds 8,133.5 tonnes of gold, representing 72% of its’ reserves.

Tonnes: 8,133.5
% of reserves: 72

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Comments

9 Responses to “Every year Obama incurs deficit (additional debt), which is more than double of the national reserves”

  1. mattei@atlanticbb.net
    December 23rd, 2014 @ 6:19 am

    https://noisyroom.net/blog/2014/08/06/obama-pushes-wealth-redistribution-in-africa/

    “HIS” plan of redistribution. The blood of Africa runs through him (The Kenyan Born Liar). The blood of Africa don’t and will never run through me.

  2. Harry9
    December 23rd, 2014 @ 6:40 am

    Obama & the people who installed him want to weaken the USA in order to usher in the new world order-

  3. Davey Crockett
    December 23rd, 2014 @ 1:25 pm

    Here’s what will straighten this out, FAST:

    Have God Almighty do something to teach the left a real lesson and all those who are publicly perverted in their ways, along with the abortionists, nihilists, atheists, and other such scum of our Nation…and wake them up!

    They will then see what they’ve done to America! But help the Patriots of America and other good people to escape the trial and tribulation of his wrath!

  4. Starlight
    December 23rd, 2014 @ 6:46 pm

    Davey, that is His plan, the wrath, after the rapture of believers.

    It is in His timing, not ours.

    Frankly, the signs are significant,
    moreso than anytime during the last
    century and the start of this century.

    ‘At a time when you least expect it…’

  5. Veritas
    December 23rd, 2014 @ 8:33 pm

    “Treason doth never prosper: what’s the reason? Why, if it prosper, none dare call it treason.” 

  6. Starlight
    December 25th, 2014 @ 10:45 am

    Davey, I agreed with you but when I mentioned Harpazo, my post did not make it through.

    That will be first, then the wrath.

    One wonders how much longer.

  7. Analyst
    December 26th, 2014 @ 1:19 pm

    Starlight: what is Harpazo?

    Davey is in hibernation right now, so he’s asked me to respond.

    We should all be praying (with a great deal of seriousness) and ask, seek, and knock…!

    Then, our plight will become strengthened!

  8. Starlight
    December 26th, 2014 @ 5:41 pm

    Davey, that post re: translation of Harpazo
    is right above you, waiting on moderation.

    That is probably because of the topic
    being controversial: the translation
    of the Church, which is labeled the:

    R A P T U R E

  9. Starlight
    December 26th, 2014 @ 5:42 pm

    P.S.Davey,

    type the word Harpzo
    into a search engine, should
    my posts not get through.

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