Wednesday's Weird Web Thievery: The Look of USD$15,000,000,000,000

What an interesting week in world affairs.
For all of the news of great famines and great tragedies, what is unfolding in the United States of America goes totally against the grain.

The country it seems is far from a series of United States, rather a bunch of politicians that are at odds with each other as to how better feather their own nests, and further their own collective and / or individual agendas.

At stake is the fate of millions of middle American's, whose future is intrinsically tied to the state of the economy. The US government has been flirting with the concept of debt default since the last round of debt ceiling talks in March, but this time the conversation seems to be linked to up coming elections. The current debt ceiling is set to be gobbled up by interest on or around August 2nd, in just a few short days, and America is still no closer to a decision on how it is going to address this loaming elephant in the room.

With the prospect of a default, and all of the ripples in the pond that this will bring, one must ask the question "just what does 15 trillion dollars actually look like"

Ask no more. We searched and found a very good website < http://www.wtfnoway.com/ > and then borrowed an image from them as a trade for sending traffic their way. It is not called 'web thievery' for nothing.
It is well worth a look at the site - it is just one page but the images are very well done.
You can get a real appreciation for how money grows exponentially.

So that is what USD$15,000,000,000,000 looks like. You can click on the image to enlarge it, and be blown away.
Those are stacks of $100 bills, and a very large truck at the bottom.

Another great site we found in this search is < http://www.usdebtclock.org/ >
This great site gives a series of graphic counters which show the US Debt just rolling over. It is very scary, and very intriguing. It is amazing that our western world is so in love with the concept of debt and interest. This is a foreign concept in some other cultures, but let's not get into that discussion!

So what are the options anyway?
Just how does one go about raising one's own debt ceiling? Is this just a case of being "allowed" to borrow more? But the real question is just whom are they borrowing from and who would be silly enough to loan them more now that they are in a position of not being able to meet their current requirements?

Sounds like the have a lot of plans.
Here is what the US President Obama had to say about it all a couple of days ago.

Tick Tock.