Hi all,
I'm sitting here watching CNBC, perhaps you all saw what I am going to talk about.
Today "we" as a nation are engaged in national discussion as our
legislators debate an additional "bailout" package approaching One Trillion dollars; additional, that is, to the 350 billion we have already spent, with negligible effect!
How much is one trillion dollars?
the example given on CNBC went like this; if you spent One million dollars per day, since the Birth of Christ, you still would not reach one trillion dollars:
Here is the computation:
((2008 * 365) + 43) * 1 000 000 = 732 963 000 000!
That is Seven hundred thirty two billion, nine hundred sixty three million dollars; well short of the one trillion dollar mark.
It's all going onto the Federal Balance sheet; IMHO this entire process is fundamentally Un-American! The Government is in effect nationalising the core financial sub-structure of the United States.
This is not the function of Government in America!
This is a very dangerous game!
No doubt there will be countervailing opinion!
Dave Israel
Showing posts with label National affairs economy. Show all posts
Showing posts with label National affairs economy. Show all posts
Tuesday, February 10, 2009
A BILLION HERE, A BILLION THERE
Tuesday, January 27, 2009
'The End of the Financial World as We Know It'
Must read from NY Times, best expose I have seen of SEC agendas. Read to the end past Madoff.
http://www.nytimes.com/2009/01/04/opinion/04lewiseinhorn.html?pagewanted=1&_r=1
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