Do you really believe that fort knox still holds 4,570 tons of gold bullion?
The treasury department says that Fort Knox presently contains 147.3 million ounces of gold. And that, indeed, would be about 4,603 short tons (2000 pounds per ton) of the stuff -your number is close enough. And gold bullion is currently selling for about $670.00 an ounce, so the Ft. Knox stockpile is worth roughly 99 billion bucks right now. Dollar costs of the Iraqi conflict are estimated to be perhaps $2 trillion when all is said and done, so the Ft. Knox reserve would pay about half. Fortunately for us, that’s not how it works, because most of the people who get paid are US citizens: the folks who shoot the guns, the folks who make the guns, the folks whose production of whatever nature gets used up in Iraq. And so, the money is owed, in great part, to US. Where does Uncle Sam get that money? Some from taxes, and the rest is borrowed, from us and wealthy overseas people who think American debt is a safe bet. So let us say that the war is being financed in somewhat the same way you
