Understanding how much a trillion is.....
Want to know how much a trillion is? I found the following in the New York Times of September 28, 1986 "To the Editor" by Dorothy C. Morrell
"Why not think of it in terms of seconds, I asked myself? A trillion seconds would have to be years, probably many years ago. I made a wild guess. As it turned out, I wasn't close. I found that 1,000 seconds ago was equal to almost 17 minutes. It would take almost 12 days for a million seconds to elapse and 31.7 years for a billion seconds. Therefore, a trillion seconds would amount to no less than 31,709.8 years. "
OK, so one trillion seconds equals 31,709 + years
According to most archeologists and others claim that man as we know him has been around for only 50,000 years non withstanding the work of Michael Cremo etc. and others...
Now that we have a handle on how much a trillion is in terms of seconds anyway, -
here are my concerns...
ONE: There are more more than 200 trillion dollars in the derivatives market that have been created by "financial instruments, like credit default swaps and Mortgage Backed Securities etc etc etc
TWO: the fact that if the Federal Reserve, which is not federal at all, but an off shore private corporation were to raise interest rates by even .25% that's one quarter of one per cent the US economy would implode because credit would no longer be available and just to make payments on the US debt of almost 18 trillion dollars, the U S economy might begin to look like the economy of Greece.
THREE: the unemployment in the United States is closer to 20% than the 5% published by the government, the reason is simple, once an unemployed person has been allocated all of his unemployment pay the government no longer considers him as unemployed.
FOUR: "Quantitative Easing" has been pumping billions into the US and world economies for years now and to finance this the U S is purchasing its own treasury bonds. This and the unstoppable printing of dollars has created a fiat currency (no value other than people's confidence) in the United States. China and other countries are now selling U S treasury bonds that they purchased in the past and not buying more.
I could go on
xfiltrate Eat , Drink and Be Prepared
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