Or about 25 times the value of the world's gold production for the entire year!
I use seconds (time) to illustrate how much the millions, billions, TRILLIONS really mean. The next level is not a round up it is 1,000 times the last!
1 million seconds = 12 days
1 billion seconds = 32 years
1 trillion seconds = 32,000 years
Does anyone in Washington, DC know or even care about this when increasing the DEBT or budget deficits?
The answer is NO.
Another way of looking at it:
In one year, light travels 6 trillion miles.
In one year, Congress spends roughly 3.5 trillion dollars.
That means Congress spends a dollar in less time than it takes light to travel two miles.
And another way... over $10,000 per man, woman and child every year. When is it enough?
Try this:
Google the thickness of the rag/paper that the BOE uses to make paper money.
Pretend that the BOE still prints $1000 bills (Nixon stopped it).
Calculate how deep a pit would be required to bury 3 stacks of $ 1000 bills as follows:
1.) 1 million dollar value;
2.) 1 billion dollar value;
3.) 1 trillion dollar value.
Then sit down and sip on a Shiner Bock, maybe two - - -