The U.S. financial mess gets deeper and deeper. Can it be fixed?
Is there a country out there that the U.S. can go to for a Payday Loan; brother can you spare a dime?
The aid package is going to hit a trillion dollars!
I can’t believe what I’m hearing. A trillion dollars! For those of you who wander around in the world of millions and billions, a trillion is one thousand billion, get it? It looks like this in numbers: $1,000,000,000,000. If you split this amount of money among every living person on planet earth, each one would get about $140, no mean sum. Is it really possible that the U.S. needs a trillion dollars to get itself out of the current financial hole? And shortly after this was announced, someone asked where the money was coming from. “Oh, we’ll borrow it from other countries,” was the casual answer.
Has anyone got any money left?
There was a long silence and luckily no one asked what other countries. I ran through the countries pretty quickly and immediately eliminated every country in the African continent. They are all spending all their money on arms and ammunition, mainly Kalashnikov rifles and rocket propelled guns for their teenage armies. China and India both have populations of over a billion people and there is no spare money to lend to anyone else. The whole of Europe is as bad, if not worse off than the States and will soon be advertising for loans. Guess who’s left? The guys with the oil wells. That’s where we’re going to borrow money?
Back to the trillion
The Trillion Dollar Meltdown
Maybe they are talking about a trillion pennies? There is bad new immediately. According to current estimates by the U.S. Mint, the number of pennies in circulation at present is only 140 billion. If we could scrape together a trillion pennies it would fill a cube size 273 x 273 x 273 feet and weigh over 3 million tons. A football field is 360 x 160 feet. We are talking stratospheric numbers here.
A calculator
I need a calculator to help me digest all these numbers – they are mind-boggling. Can I at least have a Payday Loan to buy a calculator that will get me into the trillions? The expensive kind.
Are we back to the year dot financially?
If the U.S. needs a trillion dollars to bail itself out of trouble, how much has it lost? One trillion or many trillions? How many years have we regressed financially? Where are we now – in the year zero, the year 1000 or the year 1500 or 1900? How many years is it going to take until we get back to 2008 where we were before things began to go wrong? One year or 10 years? Or are we in for a long hike like 50 years or 100 years?
What should we do?
What steps should the ordinary man in the street take now:
- To keep himself afloat
- To start getting back on his feet
- To overcome his losses and take off again
Don’t give up
One thing is patently clear; don’t give up. Giving up when you are already lying on the canvas is fatal and will lead to a quick end. The way to go is to fight back, as any boxer will tell you. The minute the bell rings at the end of this round, apply for a Payday Loan, take a deep breath, flex your muscles and come out fighting. Use that loan to make it through the next round and the rounds after that and by then fighting back should be that much easier.
The best thing to do is to keep your head up, and keep at it – like you said, the best boxers dust themselves off after a knockdown blow and get after it all over again. In response to your question about how long it will take to get the US back on track? Well, probably never. We have almost $10 trillion in national debt, and the amount of time it will take to get us out of it – our grandchildren’s grandchildren will still be paying that off, assuming a monumental change has occurred and we start paying down instead of borrowing.