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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 383.12

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Nov 26 4:00 PM EST

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To: Haim R. Branisteanu who wrote (40484)	9/28/2008 6:29:35 PM
From: carranza2	2 Recommendations Read Replies (4) of 218054

The deal carries a statutory provision allowing $700 bn increase in the Treasury’s debt ceiling to $11.315 trillion. The ceiling has been serially and seriously increased this year from $8.9 trillion to $ 9.8 trillion. At the end of July, it was set at $10.5 trillion. If the deal passes [it will], the ceiling will be raised by more than $2.3 trillion in less than a year. I think it would be helpful to get a grip on what those numbers mean from a practical standpoint. Very few people have any conception of what a trillion dollars means. A trillion is a million millions. A billion is a mere one thousand millions. That's right, a trillion is a million millions. In the case of the increase of the debt ceiling this year [not the total], it is 2.3 x 1,000,000 x 1,000,000. A million seconds is 12 days. A billion seconds is 31 years. A trillion seconds is 31,688 years. One trillion seconds ago – 31,688 years – Neanderthals stalked the plains of Europe. If dollars were seconds, the increase in the debt this year would mean that we would start counting it more than 60,000 years ago. The age of saber toothed tigers and wooly mammoths, I think. Not sure if humans existed then. tysknews.com

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