Envisioning the Value of Money and DebtPosted by Chuck on Sep 7, 2012 in General Interest | Comments Off on Envisioning the Value of Money and Debt
I received this info in an email recently. I don’t know the source of the info or images. But it’s very sobering, and I thought you might enjoy sharing it with other in a form other than email…so I posted it here.
One Hundred Dollars
$100 – 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 – Not as big a pile as you thought, eh? More than most humans will earn in a lifetime.
One Hundred Million Dollars
$100,000,000 – Plenty to go around for everyone. Fits nicely on an ISO/Military standard-sized pallet.
One Billion Dollars
$1,000,000,000 – Take a large truck with you when robbing the bank. Now we’re getting serious!
One Trillion Dollars
When the U.S government speaks about a 1.7 trillion deficit – this is the volume of cash the U.S. Government borrowed in 2010 to run itself.
Keep in mind it is double-stacked pallets of $100 million dollars each, full of $100 dollar bills. You are going to need a lot of trucks to freight this around.
If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now…but only about $700 billion – the same amount the banks got during the bailout.
One Trillion Dollars
Comparison of $1,000,000,000,000 dollars to a standard-sized American Football field and European Football field. Say hello to the Boeing 747-400 transcontinental airliner that’s hiding on the right. Until recently, this was the biggest passenger plane in the world.
15 Trillion Dollars
$15,000,000,000,000 – One trillion less that the US national debt (credit bill) of $16 trillion surpassed in September 2012. The Statue of Liberty seems rather worried as United States national debt passes 20% of the entire world’s combined GDP (Gross Domestic Product). In 2011, the National Debt exceeded 100% of GDP, and ventured into the 100%+ debt-to-GDP ratio that the European PIIGS have (bankrupting nations).
$ 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. If you look carefully 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 servant pensions. It is the money USA knows it will not have to pay all its bills.
If you live in USA this is also your personal credit card bill; you are responsible along with everyone else to pay this back. The citizens of USA created the U.S. Government to serve them, this is what the U.S. Government has done while serving The People.
The unfunded liability is calculated on current tax and funding inputs, and future demographic shifts in US Population.
Note: On the above 114.5T image the size of the base of the money pile is half a trillion, not $1T as on 15T image. The height is double. This was done to reflect the base of Empire State and WTC more closely.