Yeah, I know. Doing math has never been one of my favorite pastimes. Even when I want to know the answer, I prefer to let people who like that stuff crunch the numbers and I just happily accept whatever they tell me. But bear with me for a minute. There's a method to my cyphering here.
The last number on the list up there represents the number of seconds in 3,000 years, give or take a few leap days and dinner at Sardi's. Why in the hell would I want to know that? Because I needed a little perspective on things.
If you received one dollar a second all day, every day, for 3,000 years, you'd have $94 billion bux and change. Heck, each day, you'd wake up with $86,000 more than you went to bed with. At that rate, you could buy a McMansion every week, for cash.
So why am I lashing you, dear reader, with all these numbers? Why have I chosen this Valentine's Day 2012, the fourth anniversary of my Asian adventure, to torture and main with mathematics?
Well, if you look at the bottom line, you'll notice that in 3,000 years, you'd only have about one tenth of one trillion dollars, meaning it would take 30,000 years of earning one dollar every second to get one trillion dollars. Therefore, at this rate it would take 450,000 years to pay off the US national debt, assuming no compounding interest with repayment at 86,400 buckaroos every day.
According to the US debt clock, which I have conveniently linked in the side bar for your handy reference, says that consumer debt in the US is $2.5 trillion. Mortgage debt (again US only) is $13.4 trillion. The number which makes my eyes fall out and my brain short circuit is the total unfunded obligations for debt and social programs and pensions is...wait for it...$118 trillion dollars.
It would take an entire geologic age to pay that off with out $86,000/day, every day, 365 days a year (with leap days off). Don't know about you, but I've never seen $86,000 at one time in my entire life, much less every day for a couple of million years.
To put it another way, if every man, woman and child on Earth (7 billion give or take a pro football team) forked over $16,714 right this very minute, the US would just get back to 0.
I don't know about you, but that astounds me. I mean, there are Stone Age tribes here in Indonesia whose entire life imcomes per capita will never equal that much, and we haven't even gotten to the Amazon yet, much less Africa.
|John D. Rockefeller|
The average US citizen with a bachelor's degree can expect to earn about $52,200/year. That means with no interruptions and a 40 years career, he or she will earn roughly $2 million in their entire life. Roughly 40% of the US population have a BA. That ain't gonna cover it, sorry.
Even if you manage to get through your whole life and rack up a house and a car that are paid off, and stash away some cash and investments that get you through to a hole in the ground, your kids will have to sell all of it just to pay the onerous 50% death tax on your estate. That hardly gives them a leg up on the next generation, and that's assuming lawyers and other bottom feeders don't descend on your scratchings to challenge this and claim that. And if there's 10 cents left in your account, believe me, they will.
The question I have is: Why is anyone supporting and defending a system/paradigm that is in no way supporting and defending them? You scramble all your life to build a family and an estate on the pittance that the banksters and government leeches leave after interest and taxes. Then, when you die, it's all stolen at the point of a gun so that your family has to do the same for the remainder of their lives.
It's a vicious and cynical circle designed to maximize the amount of wealth stolen from you, and minimize the amount of services and benefits returned to you. If at any point you don't pay the Syndicate's protection fees, they take it all and throw you in jail, thus likely impoverishing you for the rest of your natural born days.
Frankly, when you take a cold, hard look at this mess, why would anyone want to continue it? Why not let it all fail and start over. That's likely to be less painful in the long run than the endless bailouts and government buy-outs and welfare programs buying cell phones and service for those who don't deserve them using your money. You're also paying for housing, health insurance and food for other people at the point of a gun, when you can barely (if at all) provide those things for yourself and your family.
The System is broken, at least for the vast majority of us in the Pile. For those at the top, life's a gravy train of undeserved and unearned bonuses, holidays, vacations, and country club memberships paid for with your broken back.
Bammy's gotten in more rounds of golf in the past month than I've had in the past 20 years. In fact, I haven't gotten in a single round since he became president. And his rounds are paid for by us, as are his lavish family jaunts around the world on our airplane.
Congress gets rich retirement accounts, special health care and recreation facilities, tasty paychecks, and an entire phone book of other benefits paid for with our sweat and toil.
The banksters get grossly huge bonuses, Ivory Tower offices, Manhattan suites and upstate summer homes, and at least one paid day off every month for what? Lending you a few bucks until payday and sticking you with disgusting interest rates that make pawn shop loan sharks look like upstanding members of society.
Let it fail. It's not worth saving. The System is corrupt and evil and is designed to benefit the very few on the backs of the decreasing number of truly productive members of this so-called society.
You've seen the numbers now. Do you really think this System is supportable? Do you honestly think that this will all end in a bed of roses? Do you honestly think that it can be sustained much longer? The US debt alone is already at staggering levels, and it's only one of 190 or so countries, most of which are in the same boat to some extent or another. And they all owe the same cabal of twisted, life-sucking greed mongers.
"Athens Burning," the headline reads. Coming to a town near you, sooner than any of us would like to think.
Today's Bonus Economic Read-N-Weep chart stars the Baltic Dry Index...