Trillion

in the economy if keeps faith in the government. This also stops the government from also printing endless amounts of paper money. Since we left the gold standard 1971 the money in circulation has increased from forty-eight billion dollars one trillion dollars which adds up to a 1,100% increase. Under gold the government could only print more if there was gold to back it. This keeps the government in check and prevents it from becoming god like in its control over life. When we were on the gold standard from 1792-1971 our nation averaged growth was at three point eight percent every year but currently the average growth per year is now two point eight percent. This means we are growing at a lesser rate than if we were still on gold. Because Gold is so rare the value of money under this system would break if we had too much. Asteroid mining could become common enough to where metal rich rock could be mined for recourses and make gold worthless. But that does not make backed currency unviable. You could always switch valuable material to something else like Anti-matter. Anti-matter can be used for weapons with one kilogram equaling to forty-seven megatons of TNT or a source of limitless energy. It is valued at sixty-two point five trillion dollars because it requires expensive technology to make it. If CERN’s Hadron Collider was put at max output, it would only make only ten monograms per year which would power a 60W light for 4 hours. This would provide plenty of time till the…

spending way to much money on something that we have not had a major need for. I agree with the DE -funding of NASA. we should be spending that money on more important government project like the VA , section 8 And foster care I find these programs to be appropriate use of government funding. The number one thing about NASA is they use 3.9 trillion dollars of the budget in just 2015. That is way to much money to be spending and getting very little back. If 1.6 trillion dollars of the budget…

Reparations for Slavery The video called “The Trillion Dollar Question’’ talked about African American activists who believe the government should pay reparations for slavery. They want the government to pay the African Americans monetary compensation for the many years of slavery of their ancestors. In the video these activists were being interviewed and they declared African Americans are still being discriminated against. Stating they receive fewer benefits than others because of their past.…

The general argument made by The Economist in its work, “If Borders Were Open: The $78 Trillion Free Lunch”, is that if nations such as Great Britain or the United Stated allowed immigrants to enter its country freely, then this change may help that country grow economically and socially. The Economist shows this through the use of comparisons and statistics. The article “If Borders Were Open: The $78 Trillion Free Lunch” discusses how open borders are not as harmful as most people think…

Is Brexit the Lehman Moment for the $100 Trillion Global Bond Bubble? Is Brexit the Lehman Moment for the $100 Trillion Global Bond Bubble? Most economies have barely recovered from the 2008 subprime mortgage fiasco that was caused by sloppy lending practices at banks, overextended them and compromised essential liquidity to pay their own debts. Investopedia.com reports that Lehman Borothers, the fourth-largest investment bank in the United States, was forced to declare bankruptcy with $619…

Rex Nutting’s “2 Trillion Reasons Why Immigrants Make America Great” is arguing that Immigration is a good thing for America and makes America a more Prosperous nation. Nutting examines Donald Trump’s “hateful rhetoric” and disproves it with various studies and reports. The writer also examines the economic growth in the US within the last 10 years by examining immigrant’s contribution to the GDP, GDP per capita, unemployment rates, wages, and education. Nutting examines both sides of the story…

Going for Broke, Deficits, Debt, and the Entitlement Crisis The presenter was Michael Tanner, Senior Fellow, at Cato Institute. He talked about the budget deficits which was more than $1.3 trillion in 2011 and becomes around $0.44 trillion in 2015. After that, the economists such as Paul Krugman said “the deficit problem is mostly solved”. But there is a problem, the projected deficits will be more than 1 trillion dollars in 10 years. The budget deficit is how much money the government spend…

3- The Economy of Canada: (The industry and oil reserves in Canada: As a high-tech industrial community in the $ 1 trillion category, Canada resembles the United States in its market-oriented economic system, production pattern, and high standards of living. Since the Second World War, massive growth in the industrial, mining and services sectors has transformed the nation from a rural economy into a largely industrial and urban one. In addition, the country's oil sector is expanding rapidly, as…

purchases resources and money, this called expenditures, our debt increases since we cannot give back what we acquire. According to Henry Aaron's article, The Total debt in the United States is $17.6 trillion in which $5 trillion are held by government agencies (Social security administration), $6 trillion in foreign government such as people, and organizations, and the remain $6.6 trillion in insurance agencies, banks, and other organizations in the U.S. The U.S. Treasury divides the federal…

ask how someone making so much money can still fall into such a grave economic situation. His debt is the result of excess spending and lack of enough investment and income. This is the case with the U.S. government today as it passes $19 trillion. The U.S. has recently been through war and a recession causing debt to accumulate, if the United States doesn’t take action through the creation of citizen and company funded trust to reinvigorate the economy to pay off the interest, it will be…