What does one TRILLION dollars look like?
Posted: February 19th, 2012, 7:13 pm
If I said ONE TRILLION dollars was 1,000 BILLION dollars, the figure is so large that it becomes meaningless... to a degree. But given the fact that the National Debt is $15+ TRILLION DOLLARS, click this interesting little site and multiply that ONE TRILLION by 15 and see what a load that truly is.
http://www.pagetutor.com/trillion/index.html
Now, someone, anyone, please explain to me how this country can EVER repay a debt as large as FIFTEEN TRILLION DOLLARS ??? And keep in mind, that is ONLY the debt incurred by our National Government. It is estimated that the entire NATION's DEBT is $56.6 TRILLION !!! The whole load that every person, every local government, every state government and toss in the federal government and we have an impossible debt that, in all seriousness, will NEVER be paid off, even by 25% without completely devastating the entire economy.
Can it be a FACT that a debt load as enormous as it really is, ever going to be paid off? Include the debt load other than the National Debt and clearly and logically answer the looming question: HOW is this debt going to be paid and WHO do we owe the largest amount to?
It seems to me, we have reached a point where the Monopoly Game is over... the largest Corporations have won the game and have all the money. The rest of us can make an effort to continue playing but in reality we'd be playing only to placate the Corporate Powers that be... give them a wee bit more to console them. How else can we continue deceiving ourselves that an amount this large is payable IF ONLY we cut back on discretionary spending and eliminate the earned benefits, i.e. Social Security and the retirements of millions of Americans... add to that eliminating our military budget, our obligations to not only our citizens but to other countries that have become somewhat dependent upon our funding to their causes because they are our allies. We'd still not come close to putting a comfortable dent in a debt of that magnitude without an austerity program that would be ruinous to our civilization as we know it.
Why our politicians on both sides of the aisle keep harping about cutting back, cutting back, cutting back sounds like foolishness to me. Since the debt of the entire country is so large that the majority of people have no idea HOW large it is and HOW unpayable it is, what is the alternative?
Can the 21st Century readjust the MEANING of money to a more sustainable and practical ideal? Is not money as we have been so used to dealing with, become so OVER VALUED and OVER PRICED that the reality of using money as an exchange for labor has made labor so UNATTAINABLE that there is the resultant problem of far TOO MANY people unemployed or underemployed... the money has become a party favor for the Corporate Powers to measure their own worth, the other 99% be damned.
Despite the fact that there are large numbers of not only blue collar workers but add to that well educated college graduates who are sharing the unemployed ranks points to the FACT that our money system can no longer afford to keep up this OVER VALUED attitude towards money itself. There has got to be a monumental shift in our value system. Remember, money is used as a value for labor, period. There is no thing on Earth that has value other than our HU'MAN LABOR used to mine it, grow it, create it, teach it, preach it or any other hu'man service that is dependent upon money to exist and flourish.
Currently there is not enough currency to sustain not only our debt load, but our people's need for food, shelter and security... all labor intensive needs that EVERY HU'MAN should be entitled to.
Our economic system was/is devised to use currency to pay for labor. Overvalue that currency and the majority are left out of the loop because that product, money, is too expensive to pay for the labor needed to sustain a civilization and it's requirements of food, shelter, health and security.
It's a ridiculous system which the world is quickly realizing is no longer affordable as it is to continue using as a fair system that encompasses the people. We need to devalue the money so more of it is reaching the people who are doing without or with far too little. If far fewer people were needed, and our modern ways of accomplishing this has been thru robotics, (which is labor intensive and does not have the same requirements as hu'manity requires), then the value of the dollar would need to sustain the average family, not unlike 100 years ago, when one worker was normally able to pay for a family's upkeep.
I'm not suggesting a return to 100 years ago but only to put the present course we're on in perspective. Our economy and that of the majority of the world is based upon labor and plenty of it to keep purchasing power running at full steam. That was good for a national economy, but was a lousy trade off for those families and workers who had little to no savings... far too busy buying which in turn turned shopping areas into Cathedrals of Consumerism, where nearly everybody had access to money to do the labor required to sustain growth.
The growth seems to have matured. People are sick and tired of debt, sick and tired of dead-end jobs that they HAVE to take to pay their debts, and have seen that this endless cycle of buying, buying and more buying has prevented savings at all. It's been a dis-ease that has gotten to the point where so many people's debt has become a crushing slow-death that many are unable to crawl out from.
The same with cities and our states... labor is still in demand but there is no money because the VALUE is not equal to the pay necessary to sustain the necessary realities in our modern society. The 21st Century is upon us and we're still working for and relying upon an outdated economic system that was great for the time it was in use. But today, with the upheavals the world is going thru, and the majority may be attributable to the labor being unaffordable at the expense of paying off banks and other money lenders at rates set in the 20th Century.
If we don't expand our probabilities beyond that of yesterday, we will never be able to confront tomorrow. There is on the horizon a massive shakeup of the value systems of the last century that will ripple throughout the world markets on a scale never before seen in our lifetimes. The sooner and more agreeable that we forge ahead with new ideas and a re-polished value system based upon the real needs of our new social concerns, the less likely millions will be hurt by the transformation of the economic systems of the world.
CBL
http://www.pagetutor.com/trillion/index.html
Now, someone, anyone, please explain to me how this country can EVER repay a debt as large as FIFTEEN TRILLION DOLLARS ??? And keep in mind, that is ONLY the debt incurred by our National Government. It is estimated that the entire NATION's DEBT is $56.6 TRILLION !!! The whole load that every person, every local government, every state government and toss in the federal government and we have an impossible debt that, in all seriousness, will NEVER be paid off, even by 25% without completely devastating the entire economy.
Can it be a FACT that a debt load as enormous as it really is, ever going to be paid off? Include the debt load other than the National Debt and clearly and logically answer the looming question: HOW is this debt going to be paid and WHO do we owe the largest amount to?
It seems to me, we have reached a point where the Monopoly Game is over... the largest Corporations have won the game and have all the money. The rest of us can make an effort to continue playing but in reality we'd be playing only to placate the Corporate Powers that be... give them a wee bit more to console them. How else can we continue deceiving ourselves that an amount this large is payable IF ONLY we cut back on discretionary spending and eliminate the earned benefits, i.e. Social Security and the retirements of millions of Americans... add to that eliminating our military budget, our obligations to not only our citizens but to other countries that have become somewhat dependent upon our funding to their causes because they are our allies. We'd still not come close to putting a comfortable dent in a debt of that magnitude without an austerity program that would be ruinous to our civilization as we know it.
Why our politicians on both sides of the aisle keep harping about cutting back, cutting back, cutting back sounds like foolishness to me. Since the debt of the entire country is so large that the majority of people have no idea HOW large it is and HOW unpayable it is, what is the alternative?
Can the 21st Century readjust the MEANING of money to a more sustainable and practical ideal? Is not money as we have been so used to dealing with, become so OVER VALUED and OVER PRICED that the reality of using money as an exchange for labor has made labor so UNATTAINABLE that there is the resultant problem of far TOO MANY people unemployed or underemployed... the money has become a party favor for the Corporate Powers to measure their own worth, the other 99% be damned.
Despite the fact that there are large numbers of not only blue collar workers but add to that well educated college graduates who are sharing the unemployed ranks points to the FACT that our money system can no longer afford to keep up this OVER VALUED attitude towards money itself. There has got to be a monumental shift in our value system. Remember, money is used as a value for labor, period. There is no thing on Earth that has value other than our HU'MAN LABOR used to mine it, grow it, create it, teach it, preach it or any other hu'man service that is dependent upon money to exist and flourish.
Currently there is not enough currency to sustain not only our debt load, but our people's need for food, shelter and security... all labor intensive needs that EVERY HU'MAN should be entitled to.
Our economic system was/is devised to use currency to pay for labor. Overvalue that currency and the majority are left out of the loop because that product, money, is too expensive to pay for the labor needed to sustain a civilization and it's requirements of food, shelter, health and security.
It's a ridiculous system which the world is quickly realizing is no longer affordable as it is to continue using as a fair system that encompasses the people. We need to devalue the money so more of it is reaching the people who are doing without or with far too little. If far fewer people were needed, and our modern ways of accomplishing this has been thru robotics, (which is labor intensive and does not have the same requirements as hu'manity requires), then the value of the dollar would need to sustain the average family, not unlike 100 years ago, when one worker was normally able to pay for a family's upkeep.
I'm not suggesting a return to 100 years ago but only to put the present course we're on in perspective. Our economy and that of the majority of the world is based upon labor and plenty of it to keep purchasing power running at full steam. That was good for a national economy, but was a lousy trade off for those families and workers who had little to no savings... far too busy buying which in turn turned shopping areas into Cathedrals of Consumerism, where nearly everybody had access to money to do the labor required to sustain growth.
The growth seems to have matured. People are sick and tired of debt, sick and tired of dead-end jobs that they HAVE to take to pay their debts, and have seen that this endless cycle of buying, buying and more buying has prevented savings at all. It's been a dis-ease that has gotten to the point where so many people's debt has become a crushing slow-death that many are unable to crawl out from.
The same with cities and our states... labor is still in demand but there is no money because the VALUE is not equal to the pay necessary to sustain the necessary realities in our modern society. The 21st Century is upon us and we're still working for and relying upon an outdated economic system that was great for the time it was in use. But today, with the upheavals the world is going thru, and the majority may be attributable to the labor being unaffordable at the expense of paying off banks and other money lenders at rates set in the 20th Century.
If we don't expand our probabilities beyond that of yesterday, we will never be able to confront tomorrow. There is on the horizon a massive shakeup of the value systems of the last century that will ripple throughout the world markets on a scale never before seen in our lifetimes. The sooner and more agreeable that we forge ahead with new ideas and a re-polished value system based upon the real needs of our new social concerns, the less likely millions will be hurt by the transformation of the economic systems of the world.
CBL
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