The average American, the average retail investor, doesn’t understand the federal deficit and debt load.
Sure, they understand what those areconceptually, but they really don’t understand how those are a problem or the magnitude of the problem.
And who can blame them? Most major media rarely touch on federal deficit spending or on the federal debt, so why would the average person keep those things in mind?
Besides, even when the press does reference them, it uses numbers like $1.9 trillion, and 1.9 ofanythingdoesn’t sound too bad, does it?
Besides,what is a trillion anyways?
TRUTH LIVES on athttps://sgtreport.tv/
So, it’s underreported, and the jargon used doesn’t register in most people’s minds (That really is the problem with using jargon of any kind).
First, to give perspective, consider how thick a singledollar billis: 0.0043 inches. So, 100 one dollar bills are 0.43 inches thick, and so forth. You get the idea.
Going back to the 1.9 trillion number that I mentioned, 1.9 trillion one dollar bills stacked on top of each other (not end to end but stacked on top of each other) would reachover half way to the moonfrom earth. I don’t want to simply say that it’s a big number. But it reallyisan extraordinarily big number.
Personally I find a stack of dollars reaching halfway to the moon to be hard to imagine… so here’s a more relatable image I found online:
Source: SGT Report
