Submitted by Adam Taggart of Peak Prosperity [5],
One trillion is a big number. In this short clip, we try to help you get a sense for just how big; but the reality is simply that the human brain can't really suitably comprehend magnitudes this large.
Which is why we should be concerned that the US' money supply has ballooned to over $12 trillion dollars over the past decade. And that its outstanding debts and liabilities are many multiples that amount.
We are living in an era where our leaders are making decisions at orders of magnitude that they simply can’t truly understand. And many politicians have less expertise in math, economics or business than most of you reading this. When they vote for the next trillion-dollar bailout, raise the debt level by another trillion, or pressure the Federal Reserve for another trillion-dollar stimulus program – they don’t have any real sense of what the implications will be. No one can.
We have reached the point where we’re operating in territory beyond our neural programming.
As a result, unintended consequences to our current policies are guaranteed.
* * *
Coming next Friday: Chapter 13: Debt [6]
For those who simply don't want to wait until the end of the year to view the entire new series, you can indulge your binge-watching craving by enrolling [7] to PeakProsperity.com. The entire full new series, all 27 chapters of it, is available -- now-- to our enrolled users.
The full suite of chapters in this new Crash Course series can be found at www.peakprosperity.com/crashcourse [8]
And for those who have yet to view it, be sure to watch the 'Accelerated' Crash Course [9] -- the under-1-hour condensation of the new 4.5-hour series. It's a great vehicle for introducing new eyes to this material.
