Can we get an E for Effort?
US Elections (& Politics) :)
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bigredfish
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bigredfish
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bigredfish
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Sybertiger
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Yup, a trillion in gold may as well be zero compared to our debt.
bigredfish
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They could share it with us, it would be meaningful to my checkbook !
bigredfish
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Parley
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The Treasury Is Sitting On A $750 Billion Gold Hoard Officially Valued At $11 Billion
Soaring gold prices and a $37 trillion national debt have revived debate over revaluing gold reserves. A new Federal Reserve note explores how other nations raised funds through revaluation.
Gold is up more than 40% in the past year, from under $2,400 an ounce to over $3,400. Meanwhile, the national debt is approaching $37 trillion.
On August 1, the Federal Reserve published a research note called “Official Reserve Revaluations: The International Experience.” It outlines how five countries used gains on their official gold holdings to raise funds. It does not propose the U.S. do the same, but it explains the steps involved and what to expect if it happens.
The note covers Germany, Italy, Lebanon, Curacao and Saint Martin, and South Africa. Some used revaluation proceeds to reduce debt. Others used them to cover central bank losses. The examples are limited but show how governments have tapped into hidden value without raising taxes or issuing new bonds.
The U.S. Treasury values its gold at $42.22 an ounce, a price set in 1973. It holds 261.5 million ounces, the majority of it at Fort Knox in Kentucky. At the official price, the gold is worth $11 billion. At today’s market price, it would be worth more than $750 billion. Revaluation would not require selling the gold. It would simply update its book value.
The Treasury could adjust the value of U.S. gold reserves through a few bookkeeping steps. It might retire its current $11 billion gold certificate (issued by the Treasury) and establish a higher official price for gold (which could be lower or even higher than the market price). Next, it could "transfer" the gold to the Fed at this new price, potentially gaining billions or trillions (remember, it need not revalue the gold to the current market price). The Fed would then return the gold to the Treasury for a new certificate. No gold physically moves, but the Treasury ends up with a significant amount of newly created funds.
What would happen next depends on policy decisions.
Could the Treasury Revalue Gold for Bitcoin Reserve or Debt Relief?
Could the Treasury revalue Fort Knox gold to fund a bitcoin reserve or cut the $37T debt? A Fed note explores how it’s worked abroad.
www.forbes.com
Sybertiger
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But the tariffs will be allowed to continue for 6 weeks to October 14th.
nypost.com
Trump’s tariffs ruled illegal in stunning blow to president’s trade agenda — White House to appeal to Supreme Court
A three-judge panel on the US Court of Appeals for the Federal Circuit found that the statute Trump relied on to impose his most expansive tariffs did not actually grant him that authority.
nypost.com
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Ahhh, returning to the good old days
Military News
A view of the United States Military Academy at West Point, N.Y., May 2, 2019. (AP Photo/Seth Wenig, File)
Military.com | By Rebecca Kheel
Published August 29, 2025 at 2:25pm ET
A portrait of Confederate Gen. Robert E. Lee in his Confederate uniform with a slave guiding his horse in the background will be rehung in West Point’s library, the Army confirmed to Military.com on Friday.
The reinstallation, which was first reported by The New York Times, marks the latest effort by the Trump administration to reverse the work of a congressionally mandated commission charged with scrubbing tributes to the Confederacy from the military.
In a brief email Friday, an Army spokesperson confirmed to Military.com that the Times report was accurate. West Point did not immediately respond to a request for comment, while the Pentagon deferred to the Army.
Military News
Portrait of Confederate Gen. Robert E. Lee with Slave Rehung at West Point
A view of the United States Military Academy at West Point, N.Y., May 2, 2019. (AP Photo/Seth Wenig, File)
Military.com | By Rebecca Kheel
Published August 29, 2025 at 2:25pm ET
A portrait of Confederate Gen. Robert E. Lee in his Confederate uniform with a slave guiding his horse in the background will be rehung in West Point’s library, the Army confirmed to Military.com on Friday.
The reinstallation, which was first reported by The New York Times, marks the latest effort by the Trump administration to reverse the work of a congressionally mandated commission charged with scrubbing tributes to the Confederacy from the military.
In a brief email Friday, an Army spokesperson confirmed to Military.com that the Times report was accurate. West Point did not immediately respond to a request for comment, while the Pentagon deferred to the Army.
bigredfish
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Numerous reports out of the Gaza demolition that the Israelis have employed their Hannibal Directive tonight
(*This was also used on the Oct 7th raid/massacre from Israeli gunship video)
(*This was also used on the Oct 7th raid/massacre from Israeli gunship video)
bigredfish
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Sybertiger
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Oceanslider
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Parley
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The Widespread Demise of the Democrats Continues As the Party Is Rocked by Bill Gates Pulling His Funding
It has been fully recognized since the November election that the Democratic Party has been hobbled more than a three-legged gelding, but things refuse to improve for that lot. Throughout this year, the party has seen its prospects withering across the board, whether it is in internal operations, public approval, voting efforts, fundraising, or media outreach.
And much like the condition of the national media industry, there is no desire exhibited by them to change what is not working. And this week it became even worse.
It was announced that the Bill Gates Foundation was suspending its monetary involvement with one of the primary non-profits affiliated with the Democratic Party. The New York Times reported that without much fanfare, Gates was turning away from his longtime connection to the party.
Making this all the more impactful is that this is not only the Gates money that is being cut off, but several other nonprofits are easing back their involvement with Arabella, to maintain thriving relations with the Gates Foundation. This only extends the already crippling problems experienced in 2025, especially those concerning the party's finances.
redstate.com
My Comment: Now we know why President Trump met with Bill Gates.
It has been fully recognized since the November election that the Democratic Party has been hobbled more than a three-legged gelding, but things refuse to improve for that lot. Throughout this year, the party has seen its prospects withering across the board, whether it is in internal operations, public approval, voting efforts, fundraising, or media outreach.
And much like the condition of the national media industry, there is no desire exhibited by them to change what is not working. And this week it became even worse.
It was announced that the Bill Gates Foundation was suspending its monetary involvement with one of the primary non-profits affiliated with the Democratic Party. The New York Times reported that without much fanfare, Gates was turning away from his longtime connection to the party.
Arabella is a hybrid entity that not only advises non-profit organizations but also operates a dark money network on behalf of the Democratic Party interests. It manages to get away with this crooked dealing by funneling money through layers of groups. It set up what is labeled the New Venture Fund, an allegedly non-partisan outfit, which donates to the Sixteen-Thirty Fund. That outfit spread nearly $100 million to various PACS, which either backed Democrats or ran ads against Republicans. This pipeline manages to see that Arabella’s hands are clean, and the donors behind this sham remain anonymous.
Making this all the more impactful is that this is not only the Gates money that is being cut off, but several other nonprofits are easing back their involvement with Arabella, to maintain thriving relations with the Gates Foundation. This only extends the already crippling problems experienced in 2025, especially those concerning the party's finances.
The Widespread Demise of the Democrats Continues As the Party Is Rocked by Bill Gates Pulling His Funding
The Democratic Party faces severe funding cuts and internal struggles ahead of the 2025 elections.
redstate.com
My Comment: Now we know why President Trump met with Bill Gates.
Wonder what happened with his meeting with Trump? Tariffs on the new Windows 12? LMAO
www.foxnews.com
Guess Soros is all alone now...hahaha...maybe Trump's prosecute Soros threat got Bill's knees a wobbling...
Bill Gates met with Trump to talk 'importance of US global health programs and health research': spox
Microsoft co-founder Bill Gates met with President Donald Trump "to discuss the importance of U.S. global health programs and health research," according to a spokesperson.
www.foxnews.com
Guess Soros is all alone now...hahaha...maybe Trump's prosecute Soros threat got Bill's knees a wobbling...
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So let me get this straight, Ukraine at the start of the war turned off the Russian pipelines and as the war progressed blew up refinery/oil storage areas in Russia. Complained to India and China about them purchasing Russian oil. Now buys the same oil at a much higher price after it basically travelled around 10000 miles back and forth.
bigredfish
Known around here
The Widespread Demise of the Democrats Continues As the Party Is Rocked by Bill Gates Pulling His Funding
It has been fully recognized since the November election that the Democratic Party has been hobbled more than a three-legged gelding, but things refuse to improve for that lot. Throughout this year, the party has seen its prospects withering across the board, whether it is in internal operations, public approval, voting efforts, fundraising, or media outreach.
And much like the condition of the national media industry, there is no desire exhibited by them to change what is not working. And this week it became even worse.
It was announced that the Bill Gates Foundation was suspending its monetary involvement with one of the primary non-profits affiliated with the Democratic Party. The New York Times reported that without much fanfare, Gates was turning away from his longtime connection to the party.
Arabella is a hybrid entity that not only advises non-profit organizations but also operates a dark money network on behalf of the Democratic Party interests. It manages to get away with this crooked dealing by funneling money through layers of groups. It set up what is labeled the New Venture Fund, an allegedly non-partisan outfit, which donates to the Sixteen-Thirty Fund. That outfit spread nearly $100 million to various PACS, which either backed Democrats or ran ads against Republicans. This pipeline manages to see that Arabella’s hands are clean, and the donors behind this sham remain anonymous.
Making this all the more impactful is that this is not only the Gates money that is being cut off, but several other nonprofits are easing back their involvement with Arabella, to maintain thriving relations with the Gates Foundation. This only extends the already crippling problems experienced in 2025, especially those concerning the party's finances.
The Widespread Demise of the Democrats Continues As the Party Is Rocked by Bill Gates Pulling His Funding
The Democratic Party faces severe funding cuts and internal struggles ahead of the 2025 elections.
My Comment: Now we know why President Trump met with Bill Gates.
The Supreme Court case "Citizens United" was the absolute stupidest and most damaging verdict to our way of government, possibly ever. One could easily conclude it was intentionally decided in order to allow the whole of government to be bought and paid for, legally.
Chief justice Roberts was the deciding vote.
He's compromised as shit. Likely from photos/videos of him diddling little kids at Epstein island
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Sybertiger
Known around here
Was gonna say: now we know Trump told Gates he "could" have his name redacted from Epstein files if.... "The Widespread Demise of the Democrats Continues As the Party Is Rocked by Bill Gates Pulling His Funding
It has been fully recognized since the November election that the Democratic Party has been hobbled more than a three-legged gelding, but things refuse to improve for that lot. Throughout this year, the party has seen its prospects withering across the board, whether it is in internal operations, public approval, voting efforts, fundraising, or media outreach.
And much like the condition of the national media industry, there is no desire exhibited by them to change what is not working. And this week it became even worse.
It was announced that the Bill Gates Foundation was suspending its monetary involvement with one of the primary non-profits affiliated with the Democratic Party. The New York Times reported that without much fanfare, Gates was turning away from his longtime connection to the party.
Arabella is a hybrid entity that not only advises non-profit organizations but also operates a dark money network on behalf of the Democratic Party interests. It manages to get away with this crooked dealing by funneling money through layers of groups. It set up what is labeled the New Venture Fund, an allegedly non-partisan outfit, which donates to the Sixteen-Thirty Fund. That outfit spread nearly $100 million to various PACS, which either backed Democrats or ran ads against Republicans. This pipeline manages to see that Arabella’s hands are clean, and the donors behind this sham remain anonymous.
Making this all the more impactful is that this is not only the Gates money that is being cut off, but several other nonprofits are easing back their involvement with Arabella, to maintain thriving relations with the Gates Foundation. This only extends the already crippling problems experienced in 2025, especially those concerning the party's finances.
The Widespread Demise of the Democrats Continues As the Party Is Rocked by Bill Gates Pulling His Funding
The Democratic Party faces severe funding cuts and internal struggles ahead of the 2025 elections.
My Comment: Now we know why President Trump met with Bill Gates.