One could reasonably ask: "how'd we get so infatuated with intrinsically valueless sheets of paper?" Psychologically, at least, it can be likened to a kind of mass insanity. As if people began worshiping bricks.... But ask yourself this: what's going to happen when our deluded world wakes up to the cold hard reality: sheets of paper are not wealth?
Now would be a very good time to: get out of debt, to put away some extra food - and water, get in shape, and to stock up on ammo....
Citizenfitz - with thanks to "the non-conventional thinker"!
$1,000,000,000,000 – The 2011 US federal deficit alone was $1.412 trillion – 41% more than you see here! If you'd spent $1 million a day since Jesus was born, you would not have spent $1 trillion by now. But - $700 billion is the amount the banks got with the bailout.
$16,394,000,000,000 - The US debt ceiling limit D-Day is estimated for September 14, 2012. US Debt has now surpassed the size of the US economy in 2011– rated @ $15,064 trillion. The Statue of Liberty looks rather worried as the United States national debt is soon to pass 20% of the entire world’s combined economy (GDP / Gross Domestic Product).
$122,100,000,000,000 – US unfunded liabilities by Dec 31, 2012. Above you can see the pillars of $100 bills dwarfing the Empire State Building and the late WTC. If you look carefully you can see the Statue of Liberty! The 122.1 trillion dollar wall is the amount of money the U.S. Government does not have to fully fund Medicare, Medicare, the Prescription Drug Program, Social Security, Military and civil service pensions, etc. It is money the USA knows it will not have to pay all its bills.