Ask yourself. What would you do with your life if money was no object? An amazing lecture from the late Alan Watts.
12-year old Victoria Grant explains why her homeland, Canada, and most of the world, is in debt. April 27, 2012 at the Public Banking in America Conference, Philadelphia, PA. Support a public bank for YOUR state.
Annually,Hungary recycles about $1 billion worth of old forints (currency of Hungary), and converts the worn out currency into bricks. After which, the bricks are distributed to different charitable organizations . The bricks are used as a heating fuel. This unique government program covers up to a third of the expenses in heating. (REUTERS/Laszlo Balogh)
And so, in conclusion, we’ll end with another look at the “money shot”—the one overarching reason the Wall Street protesters are so upset: Wages as a percent of the economy. Again, it’s basically the lowest it has ever been.
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.
Source: Federal Reserve & www.USdebtclock.org – visit it to see the debt in real time and get a better grasp of this amazing number.