Sunday, August 16, 2009

ONE TRILLION DOLLARS

It's official, trillion is the new billion. No longer is government spending talked about in terms of a mere ten digits. With the recent flurry of government spending and bailouts another three zeros is required to pay all the rapidly increasing bills.

One trillion dollars is a number that few people can comprehend, let alone the $11.8 trillion dollar US National Debt (running debt clock below)...



The National Debt:



Or how about our Government's Unfunded liabilities, which is > $100 trillion today - according to "Social Security and Medicare Projections: 2009," National Center for Policy Analysis, Brief Analysis No. 662, June 11, 2009 (link)

Ok, so how much is one trillion dollars?



Bottom line and takeaway from this post:

My friends, there is absolutely no way the American Gvt can pay for these obligations (bailouts, national debt, unfunded liabilities, etc) aside from a hyperinflationary blowout. This country is quietly/quickly being sent into receivership by the architects of the New World Order and over the next several years, Americans will suffer a collapse in their standard of living - caused by a collapse in the value of their currency (Dollar: Faltering Foundation of US Economic Strength).

Unless something is immediately done to drastically cut government spending and end the Federal Reserve system of unlimited credit, our future looks bleak.

3rd World America

Social Consequences of an economic meltdown



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4 Comments:

At 8/17/2009 8:23 AM, Anonymous Anonymous said...

Concerning those posters... You just don't like black people.Muahahahahhahahahahahahahaha :)

Justin_n_IL

 
At 8/17/2009 10:18 AM, Anonymous Willy2 said...

The US dedicates over $ 1 trillion to military related spending.

The US could start with dumping the military program that develops the next generation of hydrogen bombs. Why would the US need hydrogen bombs when it still has over 9,000 nuclear warheads ???

 
At 8/17/2009 8:14 PM, Anonymous Anonymous said...

Why would any counrty be stupid enough to purchase US Treasuries when the only way they can be re-paid is thru inflation of the dollar?

 
At 8/20/2009 1:50 AM, Blogger dyana said...

Americans will suffer a collapse in their standard of living - caused by a collapse in the value of their currency............ very true...
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