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re: A visual representation of the staggering amount of our national debt
Posted on 2/23/23 at 10:06 pm to Pendulum
Posted on 2/23/23 at 10:06 pm to Pendulum
quote:Because it makes the 4" million dollars sound more impressive.
Why would you use an imaginary bill denomination that shortens the height of the stack?
0
Posted on 2/23/23 at 10:10 pm to Mike da Tigah
A traveler walks into a small hotel in a small town, places a $100 bill on the counter, and asks the innkeeper to view a room that he might stay in for the night. The traveler goes upstairs to look at the room.
The innkeeper picks up the money and immediately goes to the town carpenter to pay his debt for repairs to the hotel.
The carpenter takes the money to the local grocer to pay his bill for food and supplies. The grocer, in turn, goes to pay off his debt to a traveling salesman from whom he bought goods for his store. The salesman goes to the innkeeper and pays his bill for the room he has been staying in while visiting the town. The innkeeper places the $100 bill back on the counter.
The traveler comes back from viewing the room, picks up his money, tells the innkeeper he will look for another hotel, and walks out the front door.
The innkeeper picks up the money and immediately goes to the town carpenter to pay his debt for repairs to the hotel.
The carpenter takes the money to the local grocer to pay his bill for food and supplies. The grocer, in turn, goes to pay off his debt to a traveling salesman from whom he bought goods for his store. The salesman goes to the innkeeper and pays his bill for the room he has been staying in while visiting the town. The innkeeper places the $100 bill back on the counter.
The traveler comes back from viewing the room, picks up his money, tells the innkeeper he will look for another hotel, and walks out the front door.
Posted on 2/23/23 at 10:13 pm to Mike da Tigah
I don’t see a visual representation. I see a bunch of words
This post was edited on 2/23/23 at 10:14 pm
Posted on 2/23/23 at 10:29 pm to Mike da Tigah
Whenever I get discouraged about my personal finances, I visit this website. Then I feel much better.
U.S. National Debt Clock
U.S. National Debt Clock
Posted on 2/23/23 at 11:48 pm to TideSaint
Yeah the Federal Reserve owns about 1/2 of our national debt.
Posted on 2/24/23 at 12:13 am to tss22h8
God damn this country is obscenely rich.
Posted on 2/24/23 at 1:50 am to Mike da Tigah
Since 1,000 dollar bills are no longer printed until the next great revaluation of the dollar, when 1,000 dollars is equal to 100 dollars today.
Whoever wrote the article should have used 100 dollar bills to amplify this 10 times.
Just wait until we go full Zimbabwean or Weimar Republic inflation and the FED needs to print trillion dollar or quadrillion notes to keep up with inflation. You will a wheel barrow to go to the store instead of a wallet, luckily with our digital currency through credit and debit cards, the wheel barrow may not be necessary, but prices could definitely grow beyond what a day’s wage pays in a single day.
From Wikipedia:
Could we be the next Weimar Republic, if WWIII doesn’t go our way?
Whoever wrote the article should have used 100 dollar bills to amplify this 10 times.
Just wait until we go full Zimbabwean or Weimar Republic inflation and the FED needs to print trillion dollar or quadrillion notes to keep up with inflation. You will a wheel barrow to go to the store instead of a wallet, luckily with our digital currency through credit and debit cards, the wheel barrow may not be necessary, but prices could definitely grow beyond what a day’s wage pays in a single day.
From Wikipedia:
quote:
A loaf of bread in Berlin that cost around 160 Marks at the end of 1922 cost 200,000,000,000 Marks by late 1923. By November 1923, one US dollar was worth 4,210,500,000,000 German marks.
Could we be the next Weimar Republic, if WWIII doesn’t go our way?
This post was edited on 2/24/23 at 1:54 am
Posted on 2/24/23 at 4:08 am to Mike da Tigah
Visual representation comment with no visual
Posted on 2/24/23 at 4:53 am to Mike da Tigah
It's scary. All the BS around the two parties is bread and circus to distract us from it. Neither party had attempted to fix it, they just keep printing money.
Posted on 2/24/23 at 7:55 am to kywildcatfanone
Since no one posted it, here is a representation of 100 dollar bills:
It is time to remake Brewster’s Millions again, but call it Brewster’s Billions, you have 30 days to spend 3 billion dollars, and have nothing to show for it. If successful you inherit 30 billion. As a rule you have to get value for your money, so you just can’t donate it to Ukraine or political giving.
It is time to remake Brewster’s Millions again, but call it Brewster’s Billions, you have 30 days to spend 3 billion dollars, and have nothing to show for it. If successful you inherit 30 billion. As a rule you have to get value for your money, so you just can’t donate it to Ukraine or political giving.
This post was edited on 2/24/23 at 8:01 am
Posted on 2/24/23 at 7:57 am to Mike da Tigah
We are going to have a global sovereign debt default in the next 20-30 years. But people still want more programs and spending.
Posted on 2/24/23 at 8:08 am to Mike da Tigah
Pretty sure no one knows the exact amount of debt at this point. I mean at what point do we cap out? Who the frick are we in that much debt to?
$32,000,000,000,000.00
I manage cost into the millions with my job and thats hard to keep up with.
$32,000,000,000,000.00
I manage cost into the millions with my job and thats hard to keep up with.
This post was edited on 2/24/23 at 8:09 am
Posted on 2/24/23 at 8:17 am to fallguy_1978
quote:
We are going to have a global sovereign debt default in the next 20-30 years. But people still want more programs and spending.
Keynesians are to blame.
Posted on 2/24/23 at 8:30 am to Mike da Tigah
Our government doesn't care as there isn't someone to call in our debts. Everyone needs the USD and we are setting ourselves up to tighten that grip even further
Posted on 2/24/23 at 8:32 am to LegendInMyMind
Yes, the world is a shared fiscal house of cards, but even so it will all have to reset in our lifetimes because it’s becoming hopelessly unstable.
There is no private finance structure that isn’t entirely dependent on cheap or free money being printed by the fed. Without overnight lending by the fed for example there isn’t a single major us bank who would be able to cover its exposure per federal guidelines come Monday. Not one.
As mentioned earlier, they’ve already raided social security which will be unable to meet its requirements within a decade and the debt service alone will be our #1 spend item within a similar time period.
The only question is whether we can reestablish dollar hegemony through implied or direct violence and what follows the reset.
There is no private finance structure that isn’t entirely dependent on cheap or free money being printed by the fed. Without overnight lending by the fed for example there isn’t a single major us bank who would be able to cover its exposure per federal guidelines come Monday. Not one.
As mentioned earlier, they’ve already raided social security which will be unable to meet its requirements within a decade and the debt service alone will be our #1 spend item within a similar time period.
The only question is whether we can reestablish dollar hegemony through implied or direct violence and what follows the reset.
This post was edited on 2/24/23 at 8:39 am
Posted on 2/24/23 at 8:34 am to Mike da Tigah
It doesn’t matter because it all disappears when the Great Reset happens, we’re all going to be slaves anyway
You will own nothing, you will drive nowhere, you will eat bugs
You will own nothing, you will drive nowhere, you will eat bugs
Posted on 2/24/23 at 8:34 am to Mike da Tigah
quote:
A visual representation of the staggering amount of our national debt
Yet we still shovel cash into Ukraine while our own public schools, road network, and flood protection decays.
Posted on 2/24/23 at 8:38 am to Hurricane Mike
quote:
It doesn’t matter because it all disappears when the Great Reset happens, we’re all going to be slaves anyway You will own nothing, you will drive nowhere, you will eat bugs
No, we will each have a choice even if they try to convince us we don’t.
But if more people don’t push back that is a very likely outcome within the next generation or so.
I think most people are playing along as long as their paycheck shows up. When it doesn’t and your 401k is under threat of being raided is when the tipping point will occur IMO.
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