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We Are Being Spent Into Oblivion

As we continue to ponder and debate, with way too much focus, on the mundane and inane, the perfect storm grows and rapidly approaches. It brings with it a financial tsunami and a societal train wreck. October 2008 was the outer wall of the storm, we have been living in the eye since then. Now the inner wall approaches: the global debt crisis.

We know about the recent and ongoing financial crisis on a micro basis. Our own finances, that of our towns, cities and state. That some states, Social Security, Medicare, Medicaid, the US Postal Service, Fannie Mae and Freddie Mac, The Pension Benefit Guarantee Corporation, the Federal Deposit Insurance Corporation , to name a few, are approaching insolvency or are already technically bankrupt. What is starting to appear is how close the U.S.A. may be to approaching insolvency. Let’s run some numbers.

We have to think in trillions, hard numbers to put one’s head around. Let’s see:
If a million dollars were spent each day it would take about 2,740 years to spend a trillion. At a million dollars an hour, it takes 114 years. At a million dollars a minute, it takes 1.9 years. At a million dollars a second, it takes 11 ½ days to spend the trillion. Or, a trillion dollars is about 3,250 dollars for each U.S. citizen.

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Look up CAFR

The HUGE ADDITIONAL budget states and municipalities hide from the public. Here's a good site to research it a little more thoroughly http://cafr1.com/

Just one last kick in the nuts, then a final deathblow

Hi, Oblivion!

How's the wife and kids?

Long Trip to Oblivion, Pack a Lunch

Perhaps they will stop printing debt, legal tender, before we get to Oblivion. See: "money as debt." http://www.moneyasdebt.net/ It's a cute video about how banks show you the gold, and give you a debt receipt. Either way, coming or going, pack a lunch. It is a long journey.

To help you and I get to Oblivion, the Fed and their friends conjured up 2,$$$,$$$,$$$,$$$ quadrillion ($2,000 billions).

"Alice in Wonderland?" it is quite what you make of it.

In the USA, if the music stops (no cash flow), the 2 Quadrillion deflates to a little less than $100 Trillion. If you do not believe in banks, and only count personal possessions (no government property or promises), it is about $50 Trillion. If you only count gold and silver it seems to be a mere $100 Billion or so. Nobody knows for sure. Go ask Alice....

Perhaps it seems I make light of this? The money chase has been going on for perhaps $10,000 years.

Hold people accountable for what they promise you.

I am ever so grateful for all those that have made my life so wonderful.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul