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What comes after $trillion?

Boltlady

Mayor
Many years ago when I was a kid in school we didn't have to bother learning how many zeroes were in a $trillion. Even $billions seemed like the outer edges of imagination. Actually we rarely heard the amount of $billions for anything until a very few years ago. Now, a relatively short time later, the idea of $billions is bandied about for so many things and $trillions is the new measure of expensive.

Given that we would soon need wheelbarrows to transport our money it's become understandable that we're being pushed into a cashless society. It reminds me of a casino where you don't relate as much to money once you've traded it for chips.

Since our fiat financial system is really a giant Ponzi scheme, it will need to come to an end soon. The crash will be resounding. The way it is now, creating money out of debt means that there is never enough money in the world to pay all of the debts. Like any pyramid scheme it seems just fine when you're in the middle, but eventually the guys on the bottom really pay the price for everybody else. We're uncomfortably close to that bottom now.
 
"We would soon need wheelbarrows to transport our money."

So you see hyper-inflation in the immediate future, do you?

Too bad there is utterly no evidence of that, anywhere in sight.

But, just FYI, it is quadrillions that would come after trillions.
 
"GDP will never meet that."

How do you know? Do you have some crystal ball that tells you what real GDP will be in the year 2300?
 

BitterPill

The Shoe Cometh
Supporting Member
Many years ago when I was a kid in school we didn't have to bother learning how many zeroes were in a $trillion. Even $billions seemed like the outer edges of imagination. Actually we rarely heard the amount of $billions for anything until a very few years ago. Now, a relatively short time later, the idea of $billions is bandied about for so many things and $trillions is the new measure of expensive.

Given that we would soon need wheelbarrows to transport our money it's become understandable that we're being pushed into a cashless society. It reminds me of a casino where you don't relate as much to money once you've traded it for chips.

Since our fiat financial system is really a giant Ponzi scheme, it will need to come to an end soon. The crash will be resounding. The way it is now, creating money out of debt means that there is never enough money in the world to pay all of the debts. Like any pyramid scheme it seems just fine when you're in the middle, but eventually the guys on the bottom really pay the price for everybody else. We're uncomfortably close to that bottom now.
One trillion and one. I'm pretty sure about that.
 

ARMCX1

Mayor
...Since our fiat financial system is really a giant Ponzi scheme...
You're going to have to explain to me how returning to the gold standard won't cripple the domestic and international economy by shrinking both.
 

OldGaffer

Governor
One of the greatest political speeches of all time:

If they dare to come out in the open field and defend the gold standard as a good thing, we shall fight them to the uttermost, having behind us the producing masses of the nation and the world. Having behind us the commercial interests and the laboring interests and all the toiling masses, we shall answer their demands for a gold standard by saying to them, you shall not press down upon the brow of labor this crown of thorns. You shall not crucify mankind upon a cross of gold.
http://historymatters.gmu.edu/d/5354/
 
Well, William Jennings Bryan was a bit of a nutcase (the Scopes monkey trial?)....but, yes, that was a good speech. Certainly got the folks excited and riled up, which is what he was trying to do...
 

OldGaffer

Governor
Well, William Jennings Bryan was a bit of a nutcase (the Scopes monkey trial?)....but, yes, that was a good speech. Certainly got the folks excited and riled up, which is what he was trying to do...
One of Fredric Marchs greatest performances in one of the classic great films, Inherit the Wind.
 
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