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| Home Front: Politix |
| The Debt - Explained in 59 Seconds |
| 2016-02-27 |
| Posted by:Mercutio |
| #2 The only saving grace is that the rest of the world is even more screwed taking in account, no matter how much they spend, they can not buy the security of the old Pax Americana now gone. When their money becomes worthless as old Russian Czar bonds, even an inflated American dollar will have value. We're screwed, but so is the rest of the world. Remember, you don't have to be faster than the bear, just anyone else in the group. |
| Posted by: Procopius2k 2016-02-27 13:02 |
| #1 Great video - I'd seen it before. Here's another way to think of it. Think of being utterly destitute. No money at all. Flat broke - penniless, with your pockets turned inside out. Most of us would feel pretty bad about being in that situation. Now, think of a stack of crisp new US $100 bills. Create a stack that totals US $100,000. That stack is 4.3 inches tall. Now, think of the total US national debt = 19 trillion dollars (and that is probably only 10% of the REAL amount, including unfunded FEDERAL liabilities). A stack of US $100 bills totaling US $19 trillion would be 12,894 MILES tall. That's over 1/20 of the distance to the moon. That's the stack of US $100 bills that you would need to bring the Unite States UP to being totally, utterly broke, penniless, and starving - in any rational world. Go Team! |
| Posted by: Lone Ranger 2016-02-27 01:39 |