US Economics 101 :

[Talon]

9,000,000,000,000 missing and no one knows where it went....

http://money.cnn.com/2010/12/01/news/economy/fed_reserve_data_release/

[Mayaca]

Maybe if the government was better staffed.... They should expand. Bigger government has always made things better in the past.

[Woods Devil]

It's just a bunch of 1s and 0s on a computer network until someone prints it out or exchanges it for physical assets. If the system collapses those paper dollars will be toilet paper but the physical assets could be exchanged for wealth in whatever system replaces the collapsed system.

[Woods Devil]

The national debt is greater than the gross national product, that is scary but look down at the bottom at unfunded liabilities.

http://www.usdebtclock.org/

[Talon]

2.3 trillion missing the day before 9/11.

http://www.cbsnews.com/news/the-war-on-waste/

"According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted.

$2.3 trillion — that's $8,000 for every man, woman and child in America. To understand how the Pentagon can lose track of trillions, consider the case of one military accountant who tried to find out what happened to a mere $300 million.

"We know it's gone. But we don't know what they spent it on," said Jim Minnery, Defense Finance and Accounting Service."

[Talon]

How big is a TRILLION?

[dudeman]

2.3 trillion missing the day before 9/11.

http://www.cbsnews.com/news/the-war-on-waste/

"According to some estimates we cannot track $2.3 trillion in transactions," Rumsfeld admitted.

$2.3 trillion — that's $8,000 for every man, woman and child in America. To understand how the Pentagon can lose track of trillions, consider the case of one military accountant who tried to find out what happened to a mere $300 million.

"We know it's gone. But we don't know what they spent it on," said Jim Minnery, Defense Finance and Accounting Service."

I heard somewhere that building 7 was tied to that somehow.

[Talon]

http://www.huffingtonpost.com/entry/big-banks-taxpayer-money-subsidy_us_572a4ebfe4b0bc9cb0458b68

"The bank subsidy is a century-old relic from the earliest days of the Federal Reserve. When the United States established a central bank in 1914, it didn’t require all banks to participate in the new regulatory regime.Instead, Congress encouraged banks to take part by offering to pay a healthy dividend on stock that banks purchased in the new central banking system. This practice eventually became obsolete when Congress granted the Fed blanket power to regulate commercial banks whether they opted into the central banking system or not.
But Congress never got around to ending the subsidy after it changed the regulatory standards. Now the bank lobby is insisting that this dividend payment is property that the government is forbidden from seizing without compensation. The government agreed to pay banks in 1913, and changing course to lower those payments today would be theft, the ABA maintains."