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War on terror may cost an ADDITIONAL $2.4 trillion
- Thread starter crgarcia
- Start date
Quote from Businessman:
$2.4T is peanuts compared to the potential value of oil in iraq.
At 85 dollars a barrel there are over $10T of proven oil reserves in iraq.
Some estimates put the amount of unproven reserves at about the same amount.
Not to mention the significant iraqi natural gas reserves.
Now if the price of oil doubles over the next five years then how much will all that oil and gas be worth?: somewhere between $20T and $40T.
Well, it's not like we GET Iraq's oil if Bush prevails... we'd still have to buy it.
So, do we spend $3T just for the privilege of buying their crude? Couldn't we buy someone else's crude and not spend $3T in Iraq?
Economics of the deal are probably already whack.
Maybe the REAL deal is Bush and his supporters "keeping face", regardless of the cost. (That's my bet.)
Wall on terror bullish for economy and markets.
Quote from Thermactor:
Please tell me how we are going to pay for it.
There is this thing called a printing press. Bazooka Ben likes to use it. Keep running the thing, and presto, things are paid.
There is a little downside though. You might need a wheelbarrow to carry your dollars to buy a loaf of bread!
Quote from daddyeaux:
2.4 trillion is easily created by mouse click
Yeah, but Ben still has to get all that money printed. That's an awful lot of paper and resources from the forest to the printing machines.
God knows how many helicopter trips it will take Ben to drop 2.4 trillion from the air. Gas ain't cheap these days, and it's going to cost a fortune to lift all those dollar bills into the air.
I think 900 billion to 1.1 trillion would be a more reasonable amount to print. The rest will have to be made up with M3 monies.
You are 100% right...first smart post I've seen in weeks. Debt on a sovereign level is never fully paid back...ever.
Debt, to the staggering level that we will have in future years, is always inflated away or repudiated.
Make your investment choices accordingly.
Debt, to the staggering level that we will have in future years, is always inflated away or repudiated.
Make your investment choices accordingly.
Quote from gnome:
Just like the rest of the money we borrowed... we're not.
I'd put a small wager on the fact that if the new president stops the war he/she will get assassinated.
Too much already invested, too much money still to be made/creamed off by the few.
They got Kennedy for the same reason (no, it wasn't the mob or Castro which is why nobody or any group has ever been made accountable).
Too much already invested, too much money still to be made/creamed off by the few.
They got Kennedy for the same reason (no, it wasn't the mob or Castro which is why nobody or any group has ever been made accountable).