Wednesday, October 31, 2012

US Debt

US Debt Clock

Instant overview of all sectors of the economy on a single web site -- all the different taxes-- local, state and national revenue; demographics (births, deaths, employment, unemployment, federal employees, retirees, bankruptcies, assets per citizens, liability per tax payer, debt per family, etc. Click on the link at the bottom to see what is happening on all levels,

internal and international. There are further links that will take you to commodities, including precious metals, energy figures, breakdown of unfunded liabilities -- social security, prescription drugs, medicare; mortgages, auto sales and much more.

This is NOT a political attack, it is educational -- a view of economic statistics as they are gathered. It is like watching the thermometer, the weather radar, the tides, the waxing and waning of the moon.

One Hundred Dollars

$100 - The most counterfeited money denomination in the world. Keeps the world moving.

Ten Thousand Dollars

$10,000 - Enough for a great vacation or to buy a used car. Approximately one year of work for the average human on earth.

One Million Dollars

$1,000,000 - This represents 92 years of work for the average human on earth.

One Hundred Million Dollars

$100,000,000 - Fits nicely on an ISO / Military standard sized pallet.

One Billion Dollars

$1,000,000,000 - You will need some help when robbing the bank.

One Trillion Dollars

When the U.S government speaks about a 1.7 trillion deficit, this is the volumes of cash its government borrowed in 2010 to run itself.

Keep in mind, these are double stacked pallets of $100 million dollars each in $100 dollar bills.

If you had spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now.

But $700 billion is the amount certain banks got during bailout.

One Trillion Dollars
This is a comparison of $1,000,000,000,000 (a trillion) dollars to a standard size American football field and European Football field. That is a Boeing 747-400 transcontinental airliner in the picture, until recently the biggest passenger plane in the world.

15 Trillion Dollars

$15,000,000,000,000 is the amount shown in the diagram above. The U.S. national debt (credit bill) surpassed the 15 trillion two months before Christmas 2011.

114.5 Trillion Dollars

$114,500,000,000,000. - US unfunded liabilities. To the right you can see the pillar of cold hard $100 bills that dwarfs the WTC & Empire State Building - both at one point world's tallest buildings. For scale, you can see the Statue of Liberty.

The 114.5 Trillion dollar super-skyscraper is the amount of money the U.S. Government knows it does not have to fully fund the Medicare, Medicare Prescription Drug Program, Social Security, Military and Civil Service pensions. It is the amount which will not be available to pay all its bills.

If you live in U.S., this is also your personal credit bill for which you are responsible, along with everyone else. to the citizens of the United States created their government to serve them, gave them the power under the Constitution to tax just enough to operate its duties, which are enumerated in the Constitution. This is what the government has done so gradually that we are suddenly facing the destruction from within of our economy because of this unfunded liability. What other nations have been unable to do to us, we are doing to ourselves. This not an attack on any person or party


Source: Federal Reserve and <> 

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