The US government can no longer delay or disguise its impending bankruptcy.
The US federal government has the biggest debt in the history of the world. And it’s continuing to grow at a rapid, unstoppable pace.
First, let me put some crucial numbers and concepts into perspective.
You often hear the media, politicians, and financial analysts casually toss around the word “trillion” without appreciating what it means.
A trillion is a massive, almost unfathomable number.
The human brain has trouble understanding something so huge.
The image below shows stacks of $100 bills and a human for reference.
Suppose you had a job that paid you $1 per second, or $3,600 per hour.
That amounts to $86,400 per day and about $32 million per year.
With that job, it would take you 31.5 years to earn a billion dollars.
With that job, it would take you over 31,688 YEARS to earn a trillion dollars.
Suppose you earned $75,000 a year, which is…
