I think I have figured out where the huge money #'s may be coming from. This is just thinking out loud so take it for what it is worth, but I think it is as good as any theory I've come up with yet. The Chinese have been buying up American debt for years. Trillions of $'s. Then one day Uncle Sam starts to pay interest only, and nothing on the principle involved with these loans. Chinese knees start to quiver a little. Maybe they don't want quite as much of this debt as they originally thought. But who will take it off their hands? Other countries don't want it any more.. it's too scary. Bob Maheu knows this, plus he knows the mess of naked shorting with CMKX. He also knows of the value of the stuffium on part of 1.9 million acres cuz Urban let him have a sneak peak at a couple piles of moose poop. Who knows how much wealth they were looking at. Enter the brainstorm. The authorized shares were raised to 800 billion and Urban went to China with a bag full of certs. He says.. hey China.. how about if I take a pile of that scary US Treasury high interest debt off your hands for these here, hard asset mining stuffium shares, I have. Oh by the way, here are the core samples and secret geological reports I brought with. Mr. Maheu may have even primed the pump a bit by slipping some scary stuff to his Chinese contacts about the US defaulting on some loans and devastating inflation worries or something of that sort to make the debt look even less attractive. (I'm not saying that Bob would BS a whole country, but...) This makes the Chinese very eager to get rid of a large portion of US debt in exchange for hard asset mining stuffium in Canada. So Urban knows the Chinese are now nervous and ends up getting 6-10 dollars of scary US debt for every dollar of fairly secure stuffium shares. (the poor Chinese probably didn't know CMKX shares had been naked shorted to the hilt or were about to be, but I doubt they cared because they got the real shares anyway) If my latest guess is right we may have been collecting US Treasury interest since 2005 or 2006. What if Urban had 100 billion in proven and unproven assets in his briefcase and made a trade for a trillion in shaky US Treasury debt. How much compounded interest would we have encurred to date. How to make a Heritage Stock, lesson one, is now complete. It has been proven that our country is screwed right now because the debt is so high and we will be lucky just to make interest payments for some time to come. Is it possible we really might be benifactors of this cluster flogging? I might even pay a little forward to knock down the principle, somewhere down the road, but my pound of flesh comes first! If this senerio is correct, you can bet your buttons, some the naysayers on our boards are working for our government! LOL! Yours Truly.. Forrest.. Forrest Gump... want a chocolate???
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