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The Treasury document says it would cost about $15 million to conduct an audit. The process would take about 30 minutes to verify the gold content of each bar, or 350,000 man hours; to do that would would take 400 people working for six months, according to the document.
$15 million??? Are you kidding me??? The Fed is printing $104 million a day. That’s less than nine minutes of Fed printing. The Federal government spends $3.5 trillion a year. $15 million is less than a minute and a half of government spending. Obama’s Porkulus was $800 billion. $15 million is less than 0.002% of Porkulus.
And 400 people working for six months sounds like shovel-ready jobs to me. Wasn’t the Obama Administration for stimulus before they were against it?
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