just one
Posted on 07/20/2009 11:50:36 AM PDT by crosstimbers
A pile of greenbacks the size of Jupiter ought to cover it.
What does a “trillion dollars” mean?
To comprehend “a trillion dollars,” consider how long it would take one person – you - to make a trillion dollars while working tax free and continuously (24 hours a day, 7 days a week) at a salary of $1 per second – that’s $3600 per hour.
Considering leap years, your tax free $3,600 per hour job would gross you a trillion dollars after 31,688 sleepless years.
At a more realistice $20 per hour, your tax free trillion dollar mark would come after 5,703,855 sleepless years.
Is this that “derivatives” thing?
Sounds like parts of the financial system need to head to bankruptcy court.
This is amazing information — we seriously need to do something quick before the bell tolls. Is it a good idea to call our representatives and request that they implement this widespread prosecution task force? Hopefully the task force isn’t stacked by the Speaker of the House or the President himself.
How many zeros in a trillion ?
Invest in Printing Press Futures.
No. The "derivatives" thing was the notional value of the option contracts and doesn't really mean anything unless the contract blows up.
The money they are talking about here is the total of future commitments our government has made. These are future expenditures that to which we have committed ourselves.
Just when you think Deninger gets it, he writes something so bone dense stupid as this....
Oh, is that all?
The amount doesn't really matter. We'll be back in the middle ages by the time it hits 5 trillion.
Yup. In fact, State Sovereignty is all we have left. The three branches of the federal government cannot/will not help us now.
just one
And the fed created this money from thin air.This is why the government wants to control everything because the international bankers are pressuring the government.They deserve nothing more than a cozy 10x10 prison cell for fraud and extortion along with Bernie.The US government was a fool to get in bed with these people/parasites in 1913.This should burn every American up that so called politicians have led us down the road to economic destruction and massive debt.
Barney Frank sure is singing a new tune today on yahoo tech ticker so he can save his little job.He speaks out from 2 sides of his mouth and his backside to make 3 sides.Checkmate Barney!
For those of us not as enlightened as you, what’s “stupid” about it?
You sir, are an alarmist. One trillion dollars could be quickly and easily raised in one short year by a mere 50,000,000 member workforce laboring normal hours while being paid an annual wage of $40,000 and taxed at the scandalously low rate of 50%.
Hey - it'd be for the chilruns, don'tchanknow. ;0)
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