What’s A Trillion Dollars?
Economists are anticipating that the federal budget deficits will be in the trillions of dollars for a number of years. There are estimates that, with all federal efforts combined, the bailout and stimulus packages will be upwards of $7 trillion. I wonder if politicians who are so cavalier about using [...]

The first section of the first chapter in The Great Credit Contraction addresses the conflicting definitions of money and currency. If one does not have a correct understanding of money and currency then they will have flawed conclusions regarding inflation or deflation. This will lead to inaccuracies when performing mental calculations of value [...]

Dmitry Orlov recently posted an article titled Definancialisation, Deglobalisation, Relocalisation.
For those not familiar with Dmitry, he is the author of Reinventing Collapse, which is all about “prepar[ing] for life without much money, where imported goods are scarce, and where people have to provide for their own needs, and those of their immediate neighbours.”
In this article, [...]

Money is the medium of exchange as well as the unit of account and store of value. As the medium of exchange money makes life easy because we don’t have to spend a lot of time trying to find someone who is prepared to trade the goods we want to buy for the goods we [...]

According to the Bureau of Engraving, a dollar bill is .0043 inches thick. A stack of a trillion dollar bills would reach up 358 million feet, or 67,866 miles.