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European Bailout Infographic: Presenting The Truckloads Of Cash Needed To Rescue The Insolvent PIIGS
...No, literally truckloads. Our friends at demonocracy.info have been kind enough to put together an infographic that explains the European bailout in simple, visual terms, that even the most innocent of FTL truckers can grasp without much exertion, for the simple reason that it shows all the bailouts amounts in terms of trucks of cash. And here is the kicker: one would need a 13 lane highway, filled with trucks bumper to bumper, stretching for about 3 kilometers to represent the €2.91 trillion in total amounts owed by the PIIGS and their citizens (whether voluntarily or not... actually make that involuntarily) to Europe's largest banks. What is most frightening is what is not shown: just how it is that the world's central banks are keeping all of these banks propped up. Because sooner or later all this money will be discovered to have been fatally misallocated. Then the real bailout cost will become all too evident, and just like in the US, it will be in the double digit trillions. Which means the metaphorical highway of trucks full of cash will stretch on for kilometers and kilometers and so on (or miles, for the naive US-based truckers). But since that day is in the future, there is no reason to worry about it.
From Demonocracy.info
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Looks like a pretty lucrative contract for the truck moving company.
WHY DONT GERMANY EXIT THE EUROZONE ?? THEY SHOULD DO ALL OF US A FAVOR TO EXIT the ZONE of DEBT..!!!
Let Germany do the math with their own new curency, de devaluations, the deleveraging and the currency swaps on the debt they hold and the one they owe.Then they will do the German math on their Banking system, the trade balance with the rest of us and China.. lol lol...
GERMANS.. PLZ LEAVE THE EUROZONE !.. FEEL FREE. YOU ARE THE BEST, THE CLEANEST, THE ONES WITH THE BEST GOVERNANCE AND THE ONES THAT FEEL INSECURE BEING FRIENDS WITH THE REST OF US.
THIS MY GIFT.. to all of you ( part 1 )
http://www.scribd.com/doc/79876022/Euro-Charts-1-2012-PP
PP
Keep on truckin', Bitchezzz....
Why not just use three one-trillion euro notes?
Actually that would be the best demonstration possible of the real value (and the dangers) of paper money.
At the bottom of the picture they could just add 3 concept 1 trillion EUR notes and a tag "But the European Central Bank could replace all this by printing 3 of these"
I suspect you can't get a more vischeral feeling for exactly how meaningless paper money is than something like that.
It's quite funny that in a year or few the trucks will be worth more than their load.
The Irish are already ahead of all of us:
http://www.irishtimes.com/newspaper/breaking/2012/0130/breaking41.html
If we assume the average $1 note is 0.25mm thick, and we stack them up you get a stack that is this high;
$4 in 1mm
$40 in 1 cm
$4,000 in 1 m
$4,000,000 in 1 km
So if you were able to stack up the US public debt, at $15,299,075,000,000
(and let's ignore the crushing compressive weight of such a stack)
Then you would get a stack of dollars that is about 3,824,769 km high.
Now, the average orbital distance to the moon from Earth is 381,554 km.
So the top of this stack of bucks is a little over 10.2 times further away than the moon.
( we're gonna need a bigger rocket!)
When Obama was inaugurated on Jan 20th 2009 the total US national Public debt stood at $10,626,877,048,913.08
That is a stack about 6.96 times the distance to the moon.
Or a 30% increase in US public indebtedness in just a few days past three years in office.
About 10% more per year.
"Another four years!"
Oh yeah, there is so much "urgent work" that Barry needs to accomplish, he just needs some more time.
(a-hem, that would be five more years, if we include 2012)
Sense of proportions bitchez.
There is not a country on earth that can afford this guy's implicit 'policy' of national suicide, via his "tough decisions".
Let them eat teleprompters!
what if you make the trucks this way as in Australian Outback.....54 metres long
http://www.inkom.com.au/sites/default/files/IMG_1684.JPG
no, 'bucks' ... not 'trucks' ... trucks would prob exceed the radius of the Sun's heliosphere, i.e. interstellar space
think that cash just hit oil FLASH MOVE brent goes from 112 to 114 to 112 in minutes
HEH great market ICE EXCHANGE . can we have an explanation /any busted trades/who did this ? or the lame more buyers than sellers --shit.
charts and analysis from Capital3x. They seem to suggest eurchf will hold key as traders speculate on 1.2 level
http://capital3x.com/think-tank/capital3x-premium-update-on-risk/
those good folk at THE ICE EXCHANGE are not busting any trades in the FLASH TRADE / no statement from exchange as to explaining market abuse is to be forthcoming / they think its ok for brent to spike fromm 112 to 114 to 112 in seconds.
anyone that got stopped out in this move - THE ICE says tough - get used to it -move along nothing to see here
Hold a business account with one of these hugely exposed European banks - auditor has belatedly discovered that managers' checks raised where funds are deducted immediately from the account, have also been deducted again when the check hits the bank for paying - five figures. Fckg thieving desperado bastards..
3T E government debt, is this comparable to 15T USD debt or 2.5 T FED debt?
Excellent graphics. Now understand that all this money is debt that every citizen must repay... at the sacrifice of what is left to sustain themselves. -- MCR
http://www.collapsenet.com/154.html