This number is so staggering that the average man on the street has difficulty
Sadly, the reality of the situation is bleak. This ballooning debt is completely unsustainable and cannot be repaid.
Remember, what cannot be repaid will not be repaid.
The US government is on a path towards total collapse.
The debt levels have gone over the cliff and like the infamous cartoon character Wile E. Coyote, it is only a matter of time before gravity takes hold and the economy comes crashing down.
Even more shocking is the fact that there are numbers even bleaker than those of the US debt level.
The Economic Collapse Blog has compiled a list of economic numbers that everyone should take the time to read and understand:
–$1,280,000,000,000 – Most people are really surprised when they hear this number. Right now, there is only 1.28 trillion dollars worth of U.S. currency floating around out there.
–$17,555,165,805,212.27 – This is the size of the U.S. national debt. It has grown by more than 10 trillion dollars over the past ten years.
–$32,000,000,000,000 – This is the total amount of money that the global elite have stashed in offshore banks (that we know about).
–$48,611,684,000,000 – This is the total exposure that Goldman Sachs has to derivatives contracts.
–$59,398,590,000,000 – This is the total amount of debt (government, corporate, consumer, etc.) in the U.S. financial system. 40 years ago, this number was just a little bit above 2 trillion dollars.
–$70,088,625,000,000 – This is the total exposure that JPMorgan Chase has to derivatives contracts.
–$71,830,000,000,000 – This is the approximate size of the GDP of the entire world.
–$75,000,000,000,000 – This is approximately the total exposure that German banking giant, Deutsche Bank, has to derivatives contracts.