WOW! IT LOOKS LIKE THE WHOLE WORLD IS HAVING A FINANCIAL CRISIS. GREAT! IT TAKES A VILLAGE… A VILLAGE OF OVER VALUED PROPERTIES OWNED BY THE VILLAGE GOVERNMENT!!
IF YOU FEEL LIKE THE VILLAGE IDIOT, YOU'RE NOT ALONE. THE U.S. IS NOT THE ONLY GOVERNMENT COMMITTED TO BAILING OUT IT’S FINANCIAL INSTITUTIONS.
LET’S DO A GLOBAL FINANCIAL BAILOUT ROLL CALL…RUSSIA, HOW MUCH CAN YOU THROW AT THE PROBLEM IN YOUR COUNTRY? $36 BILLION!! THAT’S A LOT OF VODKA…SPAIN? $40 BILLION… HOLD THE TAPAS AND SANGRIA.!! UNITED KINGDOM? $88 BILLION…THERE GOES THE NATIONAL DENTAL PLAN!! AND THE GOOD OLD USA? $700 BILLION…HOLY MOTHER OF DEBT!!
$$700 BILLION? I CAN’T EVEN WRITE THAT NUMBER. A BILLION IS 10HUNDRED MILLION, A MILLION IS 10 HUNDRED THOUSAND A THOUSAND IS 10 HUNDRED HUNDREDS A HUNDRED IS 10 TENS. A 10 IS NOT WORTH TOO MUCH. THIS MIGHT BE A BETTER WAY TO THINK OF IT. I’M MORE OF A VISUAL PERSON SO PICTURE THIS. WHAT IS 700 BILLION DOLLARS I MEAN PHYSICALLY AS IN 700 BILLION DOLLAR BILLS?
700 BILLION DOLLAR BILLS. This pile is 250 feet wide, 400 feet deep and 900 feet tall.
900 feet is the height of a 76-story building. It's twice the height of the Luxor Hotel.
If you were to stack the money in a single stack, your stack would be 40,000 miles tall, enough to wrap the Moon at its equator almost 6 times. THAT’S IN TODAY'S DOLLARS.
Putting a man on the moon IN March (1966): NASA told Congress the Apollo program (to put men on the moon) would be an estimated $22.718 billion for the 13 year program, the final cost was between $20 and $25 billion. How much would that be today?
By using the GDP per capita, we are measuring the cost in terms of average product and would get a number of $259 billion. THAT’S ABOUT A THIRD OF TODAY'S BAIL OUT MONEY.
IF WE WOULD HAVE DONE THIS IN 1966 WE WOULD NOT HAVE SPENT 700 BILLION BUT ONLY ABOUT 66 BILLION. INSTEAD OF SPENDING 700 BILLION ON TO BAIL OUT THE ECONOMY IT MIGHT BE CHEAPER TO DEVELOP A TIME MACHINE FOR ALL OF US TO TRANSPORT BACK TO THE MID 60’S. FAR OUT MAN…