Hello Cupcakes Subject: A Trillion $ Here, A Trillion $ There - Trillion be the new Billion! When I was a young lad not too long ago, One Billion Dollars was an unimaginable amount of moolah, and billionaires relatively speaking, thin on Terra Firma. With this intro in mind, see below for a brief animation that vividly conveys what One Trillion Dollars looks like. Check it out - it will blow yo mind! https://youtube/watch?v=n4-4bvuX7qA Now take the following on board for some additional context and perspective. - Within two weeks the U.S. National Debt will pass 18 Trillion Dollars in an economy whose GDP in 2012 figures was valued at around 15 Trillion Dollars, with the global economy roughly 30 Trillion Dollars. - The Iraq & Afghanistan Quagmires - both still works in progress - are estimated to cost the U.S. over the long term anywhere between 4-7 Trillion Dollars in above and below the line costs, with the overall cost of the so-called War on Terror nearing 10-12 Trillion Dollars and counting. - The amount of money that the U.S. Government has printed since the Great Financial Trainwreck (GFT) in 2007-08 to keep the economy going, the Good Ship America afloat and Wall Street potentates and the corporatocracy in the lifestyle unto which they have become accustomed is around 7 Trillion Dollars - roughly ten times the original amount estimated that would be required to keep said Ship from going under. (Now thats what I call a Welfare State!) - With the collapse of home prices and pension wealth after the GFT, more than $12 trillion of household wealth was sucked out of the U.S. economy, so families had to cut back on spending—especially families that had borrowed heavily during the bubble years. - In the mid eighties, the average CEO/MD earned roughly 30 times that of the average employee, whereas now that figure is roughly 300 times the average employee, even though across the board corporate productivity has risen by anywhere between 45-50% throughout this period. - Years of high unemployment have depressed wages, so they have barely been keeping up with inflation, and the income of typical middle-class families has declined, with the result that middle-class buying power remains too weak to fuel the kind of robust growth America needs to lift the economy out of the massive hole it fell into after it all went pear shaped. - Mortgage debt is still a drag on the recovery as households slowly repair their balance sheets, with as many as one-third of all mortgages are far higher than the underlying property is worth. - When the Republicans take full control of Congress next year, the first order of business is to legislate another tax break for the uber corporations and ultra wealthy of - wait for it - $440 Billion Dollars, or almost half a Trill, and coupled with the fact that many of these corporations and individuals are already paying minimal amounts of tax to begin with, we should be asking the following: What be wrong with this picture????! ....and last but not least....a little known, peeper-poppin revelation that will surely mutilate your synaptic molecules..... - Just before the Great Financial Trainwreck, the notional (or nominal) value of the global derivatives market - derivatives being those extraordinary complex financial instruments invented by the Wall Street and City of London Banksters that along with the housing bubble itself (another of their supremely innovative initiatives designed to facilitate economic opportunity for those further down the food chain and spread the wealth of the nation around as much as possible to those less fortunate than themselves) were the root cause of the Global Economic Meltdown - was (now take a deep breath), 650 Trillion Dollars!!! Thats NOT a TYPO! As one former old school US senator Everett Dirksen (dec.) might have once opined, a Trillion Dollars here, a Trillion Dollars there, and pretty soon youre talking serious money! It is notable that in his original comment uttered back in the late sixties, Dirksen was thinking Millions. Dorothy: Oh me, Oh my Toto, I really dont think we are in Kansas anymore!.... Toto: Ruff, ruff.... Dorothy: Sure is Toto! Sure is.... Have a nice day.
Posted on: Mon, 01 Dec 2014 06:09:25 +0000
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