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Loadsa Money!

I have posted something very similar to this before. I make no apologies whatsoever for reposting a rather slicker visualisation of what very large sums (national debts) of money look like.

I would like to add just two one things.

Most businesses in the USA don’t tend to accept denominations larger than $20 due to forgery and these images are produced using $100 bills. Considering the fact that US bills are all the same size this means if we were to run this comparison with “walking around money” you can multiply everything by a factor of five. Oh, I dunno, that would start to look silly wouldn’t it?

The second is the about the final image.

$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.

This is the really worrying sum. In Britain we are in much the same boat. There is currently hell on over public-sector pensions. Indeed last week on the morning news I saw someone (minister, pundit, some bloke – I forget) stating that a problem we have is people withdrawing en masse from public-sector pension schemes because this would mean the government would be unable to meet current pension payments. That is a tacit admission that the whole edifice is a Ponzi scheme and something I don’t recall hearing on TV before.

Anyway, enjoy the rest of your Sunday and don’t have nightmares!

H/T Anna Raccoon.

3 Comments

  1. mike says:

    In a similar vein: weight of the U.S. debt in $1 bills – sixteen million tons.

  2. Lynne says:

    And here is a documentary by Bill Still to explain why.

  3. NickM says:

    Mike,
    Thanks. I was thinking of other ways of putting it. Given your figure that is roughly the same as 160 fully laden Nimitz class aircraft carriers literally made of money. The USN currently has 10-11 I think.

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