August 24, 2012

Financial Quake Next: Skyscraper Debt Portends Mega Collapse

Urban Danger: How to Survive an Economic Collapse (Full Movie)
John Adams“There are two ways to conquer and enslave a country.
One is by the sword. The other is by debt.”

Thomas Jefferson“To preserve our independence, we must not let our rulers load us with perpetual debt.
We must make our election between economy and liberty, or profusion and servitude.”

Like a modern-day Tower of Babel, public debt has now surpassed the size of the entire US economy and will very soon exceed 20% of the combined world economy - but it shows no signs of letting up! Those responsible for building this skyscraper of unpayable debt - politicians who promise the world and central bankers who print money from nothing to make it seem okay, think they can postpone the day of reckoning indefinitely - they can't, but they will not be stuck with the tab in the end - you will! All skyscrapers - whether made of steel or of seemingly-unlimited wads of debt-backed fiat currency - have a limit to how high they can go before becoming subject to failure against the forces of nature. The next financial tremor will almost certainly lead to collapse of the tallest debt high-rise in history!

The numbers are so huge that people generally fail to comprehend the true magnitude of all the debt! Ever wondered what a trillion dollars looks like? Most are able to follow sums up to a million dollars, so, another way to express a trillion dollars is as a million million dollars - one followed by 12 zeroes. We can also lop off the extra zeroes and break the deficit down to household budgets we can relate to or attempt to visualize these mega sums as stacks of $100 bills as shown in the feature article below!

The next shift in financial tectonic plates will result in collapse for these unstable skyscrapers of debt! Their speedy collapse will cause the US to lead the world into a deflationary depression by mid-2013. The economic disaster will be unlike anything seen. Avoid being a debt slave - start preparing today!

Max Keiser: Collapse Is Imminent!!

The United States’ $122.1 Trillion Debt Visualized in $100 Bills

We kicked butt in the Olympics and landed on Mars. It’s been a pretty good month of the United States but with the elections coming up around the corner our economy has become a major battle between Romney and Obama. The fact is our great country owes a lot of money. U.S. debt is larger than the size of the economy and the debt ceiling is currently set at $16.394 Trillion, estimated to be hit around September 14, 2012. To put it in prospective take a look at the infographics below that shows the sheer physical size of our debt. It is going to take a great leader to start chipping away at this skyscraper sized pile of debt so stay informed and try to make the right decision in November.

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 of a pile as you thought, huh? Still this is 92 years of work for the average human on earth.

One Hundred Million Dollars

$100,000,000 – Plenty to go around for everyone. Fits nicely on an ISO / Military standard sized pallet. The couch is worth $46.7 million. Made out of crispy $100 bills.

One Billion Dollars

$1,000,000,000 – You will need some help when robbing the bank. Interesting fact: $1 million dollars weights 10kg exactly. You are looking at 10 tons of money on those pallets.

One Trillion Dollars

$1,000,000,000,000 – The 2011 US federal deficit was $1.412 Trillion – 41% more than you see here. If you spent $1 million a day since Jesus was born, you would have not spent $1 trillion by now… but ~$700 billion- same amount the banks got during bailout.

One Trillion Dollars

Comparison of $1,000,000,000,000 dollars to a standard sized American Football field. Say hello to the Boeing 747-400 transcontinental airliner that’s hiding in the back. This was until recently the biggest passenger plane in the world. You can see the White House with both wings to the right.

$16.394 Trillion – 2012 US Debt Ceiling

The US debt ceiling limit D-Day is estimated for September 14, 2012. US Debt has now surpassed the size of US economy in 2011– rated @ $15,064 Trillion. Statue of Liberty seems rather worried as United States national debt is soon to pass 20% of the entire world’s combined economy (GDP / Gross Domestic Product).

122.1 Trillion Dollars

$122,100,000,000,000. – US unfunded liabilities by Dec 31, 2012. Above 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 122.1 Trillion dollar super-skyscraper wall 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.