trends propelling technology companies, industrial corporations and even many retailers relentlessly forward.The Federal Government’s $128 Trillion Stockpile: The Answer to Our Debt Problems?The debate over federal government deficits and debt has consumed Washington for some time, but the arguments for the most part have focused on taxes and spending.??One aspect, however, of the debate of
christian louboutin discount American creditworthiness that doesn?€?t get discussed is what assets the
michael kors factory outlet federal government owns. After all, a borrower?€?s assets should be one of the main factors in determining the wisdom of its borrowing, but when talking about the U.S. government?€?s debt burden, it seems to get left out of the conversation entirely. And a recent report from the Institute for Energy Research (IER) makes some startling claims
true religion outlet about how much U.S. taxpayers own in real assets. According to the report, the U.S. government owns:More than 900,000 separate real assets covering more than 3 billion sq. ft.Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada45,190 underutilized buildings, the operating costs of which are $1.66 billion annuallyOil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the countryThe IER is a think tank that advocates for deregulation in the energy industry, so we should perhaps take these numbers with a grain of salt. Any estimate of oil and mineral wealth in unexplored areas is going to
true religion jeans outlet be highly speculative, but even if the true figure is
jimmy choo uk half what the IER estimates, the fact that the federal government owns property worth well in excess of its total debt is instructive in our current debate over government borrowing.But the federal government owns much more than just land and the minerals and oil beneath it. The federal government also has a very sizable stash of gold. In fact, at??261,498,926.247 oz., it’s the largest in the world. And, in case you haven’t noticed, gold is quite popular among
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