Wednesday, October 8, 2008

mo money

Couldn't help but chuckle at this headline:

US debt clock runs out of digits

That was when it went woosh! over ten trillion, but no worries, they are adding two more zeroes. It'll soon be able to record a quadrillion dollars in debt. I have no idea what that means. I was barely comprehending billion when trillion started being bandying about. And now, for the first time in my life, I see quadrillion mentioned as an actual "for real" item. (Well, except that money is all pretend & it's one of the big con games they don't want you to find out about.) I wonder how many years before they'll have to add more digits. And how many more after that we're pushing around wheelbarrows of worthless paper to buy bread.

Where is all this money coming from that we are supposedly giving to the banks? The U.S. no longer relies on the gold standard, but the value of our money is backed by the U.S. economy. Does that mean our money is worth less, or even worthless? Certainly, the more they invent to grease the wheels of commerce, the less any of it has in make-believe value. I'm not sure why the stability of our neighborhoods and communities should be based on the ability of banks to loan money.

And in Cook County, Illinois, the sheriff is not enforcing any more evictions. Now there's someone who's going to get a lot of votes come election time!


1 comment:

sharqi said...

You can look at this too

And read about our esteemed President, the debt, and much hilarity. If you dare.