The rapidly accelerating chain of events moving us faster and faster towards economic oblivion is beyond shocking.

Truth is, it's happening much quicker than I anticipated.

The numbers these stooges in Washington and New York are throwing around for the bailouts and economic stimulus package are simply too big for the average person to comprehend.

This is one of the reasons why they can get away with it... because they know the average citizen can't understand it.

The Harry Truman adage "if you can't convince them, confuse them" comes to mind, and the politicians certainly have become very adept at doing that, lately. But why we let them get away with this is another story for another time.

At some point large numbers simply become figures on the page, well beyond human scale and intuitive understanding.

And yet discussion about the economy and the gargantuan numbers that come along with it continue to dominate the news. It may be more important than ever to try to understand what these numbers actually represent.

The politicians figure, as long as they can keep you in the dark, you won't demand any accountability from them.

And accountability to a politician is like a heart attack to your average 55-year-old.

So before I go any further, let's do a quick study of what a trillion dollars represents in order to understand why the U.S. Government is completely out of control and soon on its way to utter collapse.

With the economic stimulus package to cost an estimated one trillion dollars, and Obama's admitting to trillion-dollar budget deficits for years to come, here are some analogies that express the absurdity of the current situation in the United States.

• If someone spent one million dollars per day each and every day from Jesus' birth, it would take another 731 years beyond today to spend one trillion dollars.
• If you laid one-dollar bills end to end, one trillion dollars would stretch nearly from the earth to the sun. It would take a military jet flying at the speed of sound, reeling out a roll of dollar bills behind it, 14 years before it spun out one trillion dollar bills!
• If you took freshly-minted, brand-new $1,000 dollar bills and started stacking them one on top of another, it would take a stack over 68 miles high to reach one trillion dollars!

It's become almost surreal... but bad, like a nightmare!

It is clear that Obama's Keynesian economic advisors are telling him that they don't know what to do other than continue the Bush policy of creating more money out of thin air in a desperate attempt to stimulate the economy.

This is akin to a fireman's trying to put out a massive blaze by pumping gasoline through the hose instead of water.

Richard Maybury of the Early Warning Report made a great quote this month when he said the following:

"Expecting your life to be improved by politicians is to believe in one of the most unlikely events imaginable."

I couldn't agree with his observation more.

But we seem to have a large portion of America in complete denial of what is actually happening to our country.

Watching educated, but uninformed, Americans put so much trust and hope in government is flabbergasting to me.

Seeing those who take sides and want to blame the "other party" shows just how out-of-touch the average citizen in America has become.

It is not about Republicans and Democrats anymore.

We are way beyond that now.

Forget about trying to assign blame to one party of the other because this mess got started back in the 70's, and both parties are guilty, guilty, and guilty.

Look at the dismal record of fiat currencies throughout history and you'll see no country that has disconnected their currency from a gold or silver standard has ever made it past the 40-year mark before inflationary panic and disaster unfolded.

The United States is now in the 38th year of its fiat currency experiment, since Nixon took us off the gold standard in 1971.

Obama has already stated he plans on trillion-dollar budget deficits for years to come. This is completely unsustainable!

My take is we would be lucky to make it another eighteen months before the whole thing blows sky high.

Continued in Part II...

Good Investing,

Greg McCoach
Editor, Gold World
Investment Director, Mining Speculator

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