What assets can the US sell to cover its 10T deficit?

[scruffypup]

Comeon people this is an easy one,... sell Washington DC and certain "inhabitants" for $1 and we will be fine in a year or two,.....

 

[vi edit]

I wonder what the market value of Hawaii would be? I'm sure some OPEC nations could pool together a couple hundred billion and make an offer on it.

 

[jagec]

Originally posted by: Ocguy31
San Francisco. Although I dont think anyone wants it.....

As wacky as Cali is, they have a LOT of industry and contribute a lot to the country's budget.

I say we sell the South to...whoever. They just cost money. Maybe we should sell them to Nigeria, that would be deliciously ironic.

 

[Farang]

Originally posted by: vi edit
I wonder what the market value of Hawaii would be? I'm sure some OPEC nations could pool together a couple hundred billion and make an offer on it.

They prefer to just build their own Hawaiis

 

[rudder]

Originally posted by: Train

Originally posted by: ranmaniac
We have plenty of mothballed military hardware to sell. Just need to kick-start another war.

We sell a lot of it. This has been standard practice for a long time.

Old Ships, Subs and Planes get sold to developing countries. Its not rare to see small countries navy's using the old river boats/destroyers we used in Vietnam.
And the troops weilding old M-16-A1's

But we need a real war not some tribal African conflict where neither side can afford anything more than a 40 year old jet. I thinking something like England and Norway.

 

[RabidMongoose]

The US probably wouldn't sell its own assets. Instead, the US would invade and conquer a weak country like Canada and then part of it off to the highest bidder.

 

[JS80]

Originally posted by: rudder

Originally posted by: Train

Originally posted by: ranmaniac
We have plenty of mothballed military hardware to sell. Just need to kick-start another war.

We sell a lot of it. This has been standard practice for a long time.

Old Ships, Subs and Planes get sold to developing countries. Its not rare to see small countries navy's using the old river boats/destroyers we used in Vietnam.
And the troops weilding old M-16-A1's

But we need a real war not some tribal African conflict where neither side can afford anything more than a 40 year old jet. I thinking something like England and Norway.

You mean like the war in Sengala? Do you think the president should pull out and let the genocide happen?

 

[Veramocor]

8,133.5 Metric tonnes of Gold


http://en.wikipedia.org/wiki/Official_gold_reserves

(only worth about 150 billion though)

 

[nageov3t]

can we sell florida?

 

[txrandom]

We could just not pay it. What do you think China is going to do?

 

[eilute]

Originally posted by: gevorg
Even if there is a recession, US is still the richest country in the world. The economy is still the strongest comparing to any other. Is there anything US can sell to the world (primary to China - its biggest debtor) that will cover its 10 trillion dollar deficit? Isn't that better than a high inflation rate and a reduction/loss of being an economic superpower?

Think about it.

cell phone service
real estate
MS Office 2010
General Motors
Enron
Fannie Mae

I'm surprised we don't export rice like we do corn.

 

[sandorski]

Originally posted by: gevorg
A WHOLE state or an existing city is a joke. Just the natural resources of Alaska can easily value over 500T.

Alaska is not even close to worth that much. In fact, the whole of the US(excepting Manmade structures, but even then I highly doubt that figure) is worth that much. Just as a point of reference: Canada was valued at $30 Trillion just a few years back, based on the value of its' known Natural Resources and Canada has a hell of a lot more Natural Resources than Alaska.

 

[RabidMongoose]

But Canada is full of Canadians so that reduces the total value to about 53 cents.

 

[sandorski]

Originally posted by: RabidMongoose
But Canada is full of Canadians so that reduces the total value to about 53 cents.

:laugh:

 

[Ozoned]

Originally posted by: sandorski

Originally posted by: gevorg
A WHOLE state or an existing city is a joke. Just the natural resources of Alaska can easily value over 500T.

Alaska is not even close to worth that much. In fact, the whole of the US(excepting Manmade structures, but even then I highly doubt that figure) is worth that much. Just as a point of reference: Canada was valued at $30 Trillion just a few years back, based on the value of its' known Natural Resources and Canada has a hell of a lot more Natural Resources than Alaska.

Just the coal reserves in the usa have a current market value that exceeds 25 trillion dollars. Natural gas reserves, around 20 trillion.

 

[sandorski]

Originally posted by: Ozoned

Originally posted by: sandorski

Originally posted by: gevorg
A WHOLE state or an existing city is a joke. Just the natural resources of Alaska can easily value over 500T.

Alaska is not even close to worth that much. In fact, the whole of the US(excepting Manmade structures, but even then I highly doubt that figure) is worth that much. Just as a point of reference: Canada was valued at $30 Trillion just a few years back, based on the value of its' known Natural Resources and Canada has a hell of a lot more Natural Resources than Alaska.

Just the coal reserves in the usa have a current market value that exceeds 25 trillion dolars.

Still a long way away to 500

 

[Whoozyerdaddy]

Originally posted by: mugs
$10 trillion debt, not deficit.

We don't need to sell anything, we just need to stop spending so much.

ZOMG! Ze logic! It burns! Ze goggles... zey do nothing!

 

[Casawi]

Originally posted by: gevorg
Even if there is a recession, US is still the richest country in the world. The economy is still the strongest comparing to any other. Is there anything US can sell to the world (primary to China - its biggest debtor) that will cover its 10 trillion dollar deficit? Isn't that better than a high inflation rate and a reduction/loss of being an economic superpower?

Think about it.

US is not the richest country in the world, economically I am not so sure either.
They can sell some F bombers, and naval ships. Many people would a pay a lot for a lo of the IP the us has.
They can sell more visas and make a shit ton of money ...lol

 

[conehead433]

Advertising space on every US currency. Print "Your Ad Here" on the back of every bill.

 

[JS80]

Originally posted by: conehead433
Advertising space on every US currency. Print "Your Ad Here" on the back of every bill.

lol that's fucking brilliant

 

[conehead433]

We could greatly lower our debt by legalizing pot and taxing the hell out of it. A national lottery would be great as well.

 

[theeedude]

For all our politicians' stupidity, they were smart enough to borrow in US dollars, so we can always repay the debt by just printing more money.

 

[JS80]

Originally posted by: conehead433
We could greatly lower our debt by legalizing pot and taxing the hell out of it. A national lottery would be great as well.

Wrong, they would just spend more as they take in more tax revenue.

 

[sandorski]

Originally posted by: JS80

Originally posted by: conehead433
We could greatly lower our debt by legalizing pot and taxing the hell out of it. A national lottery would be great as well.

Wrong, they would just spend more as they take in more tax revenue.

That's the point. Spend it on Debt.

 

[wwswimming]

Originally posted by: Ocguy31
San Francisco. Although I dont think anyone wants it.....

you don't belong to the We Are So Cool Club ?

i think a lot of municipalities could make some money by selling
off nature preserves. and i don't think it's so hypothetical.

they need the money !