Trillion Dollar Quotes

We don't have a trillion-dollar debt because we haven't taxed enough; we have a trillion-dollar debt because we spend too much.

When he wins the bet, I tell Griggs that it will take me a lifetime to save up two trillion dollars and he tells me that he's only giving me seventy years.

In the conditions of this “New World Order,” a crucial part of the contemporary world economy is a criminal economy, in which the excess profits are accumulated not by the production of material comforts, but by drug-traffic, arms trafficking, and human trafficking, including prostitution. The contemporary world economy is an economy of the global organized criminality whose eminently form is the modern capitalist state. The contemporary world economy is an economy not of the real commodity production, but an economy of the jobbery; this is expressed directly in supply and demand of the capital of the speculation, i.e., in the fictitious capital trade, in the antagonistic games with share capital in the stock exchange. Just Wall Street’s stock exchange, i.e., the world speculative capital market, is the contemporary tremendous pump for inflation of the balloons of the world economic crises, the last one of which began in 2007. The aggregate amount of the bonds on the world market, as many economists know, is over one hundred trillion US dollars! Without taking in mind the derivatives! If including those, the aggregate amount is several times more! This is an enormous balloon as inflated as a red giant star! And when added to this amount the world market of the shares, the passing each other between real and fictitious capital grows to cosmic dimensions! This cosmic balloon will burst very soon! That means the most destructive capitalist crisis in human history lies just round the corner, the global economic apocalypse is just forthcoming! This ruin will be due to the stock exchange antagonistic games, the stock exchange that is, as a matter of fact, a gambling house! Because the securities and shares’ trading is sheer gambling! This becomes clear by the direct proportionality between risk and profitability, the more risk—the more profitability, and vice versa! However, this is gambling in which the stakes are not simply money, but millions and billions of human fates. So, this is a destroying-the-civilization-world crime economy!

America is not better off than it was $1.8 trillion dollars ago.

Betsy: "Do you have daddy issues, Warren?" Warren: "Dad was supportive, intelligent, read to me as a kid, left me a trillion dollars. It's hard to complain.

I was once asked if I had any ideas for a really scary reality TV show. I have one reality show that would really make your hair stand on end: "C-Students from Yale." George W. Bush has gathered around him upper-crust C-students who know no history or geography, plus not-so-closeted white supremacists, aka Christians, and plus, most frighteningly, psychopathic personalities, or PPs, the medical term for smart, personable people who have no consciences. To say somebody is a PP is to make a perfectly respectable diagnosis, like saying he or she has appendicitis or athlete's foot . . . PPs are presentable, they know full well the suffering their actions may cause others, but they do not care. They cannot care because they are nuts. They have a screw loose! . . . So many of these heartless PPs now hold big jobs in our federal government, as though they were leaders instead of sick. They have taken charge of communications and the schools, so we might as well be Poland under occupation. They might have felt that taking our country into an endless war was simply something decisive to do. What has allowed so many PPs to rise so high in corporations, and now in government, is that they are so decisive. They are going to do something every fuckin' day and they are not afraid. Unlike normal people, they are never filled with doubts, for the simple reasons that they don't give a fuck what happens next. Simply can't. Do this! Do that! Mobilize the reserves! Privatize the public schools! Attack Iraq! Cut health care! Tap everybody's telephone! Cut taxes on the rich! Build a trillion-dollar missile shield! Fuck habeas corpus and the Sierra Club and In These Times, and kiss my ass! There is a tragic flaw in our precious Constitution, and I don't know what can be done to fix it. This is it: Only nut cases want to be president.

What if you had like a trillion dollars and could live out here in a gigantic mansion. Would you be bougie?' 'Nah, 'cause I wouldn't live out here. I'd live on a private island somewhere so I ain't gotta be bothered by nobody.

The American Society of Civil Engineers said in 2007 that the U.S. had fallen so far behind in maintaining its public infrastructure -- roads, bridges, schools, dams -- that it would take more than a trillion and half dollars over five years to bring it back up to standard. Instead, these types of expenditures are being cut back. At the same time, public infrastructure around the world is facing unprecedented stress, with hurricanes, cyclones, floods and forest fires all increasing in frequency and intensity. It's easy to imagine a future in which growing numbers of cities have their frail and long-neglected infrastructures knocked out by disasters and then are left to rot, their core services never repaired or rehabilitated. The well-off, meanwhile, will withdraw into gated communities, their needs met by privatized providers.

To put a trillion dollars in context, if you spend a million dollars every day since Jesus was born, you still wouldn't have spent a trillion.

ONLY COACH THE COACHABLE THE TRAITS THAT MAKE A PERSON COACHABLE INCLUDE HONESTY AND HUMILITY, THE WILLINGNESS TO PERSEVERE AND WORK HARD, AND A CONSTANT OPENNESS TO LEARNING.

As many frustrated Americans who have joined the Tea Party realize, we cannot stand against big government at home while supporting it abroad. We cannot talk about fiscal responsibility while spending trillions on occupying and bullying the rest of the world. We cannot talk about the budget deficit and spiraling domestic spending without looking at the costs of maintaining an American empire of more than 700 military bases in more than 120 foreign countries. We cannot pat ourselves on the back for cutting a few thousand dollars from a nature preserve or an inner-city swimming pool at home while turning a blind eye to a Pentagon budget that nearly equals those of the rest of the world combined.

The budgetary cost to the UK of the wars in Iraq and Afghanistan through 2010 will total more than £18 billion. If we include the social costs the total impact will exceed £20 billion.

Investing at large scales is where the greatest impact happens. When we’re investing with billions of dollars or trillions of dollars, it’s easier to effect whole systems and implement society-scale results more rapidly and with more efficiency. When you have big objectives, you need big money. We have big objectives at Mayflower-Plymouth and we have a lot of good things to do in the world that’s going to help a lot of people, so we need to be working with big numbers.

In 2001, the oil companies, the war contractors and the Neo-Con-Artists seized the economy and added $4 trillion of unproductive spending to the national debt. We now pay four times more for defence, three times more for gasoline and home-heating oil and twice what we payed for health-care. Millions of Americans have lost their jobs, their homes, their health-care, their pensions; trillions of dollars for an unnecessary war payed for with borrowed money. Tens of billions of dollars in cash and weapons disappeared into thin air at the cost of the lives of our troops and innocent Iraqis, while all the President's oil men are maneuvering on Iraq's oil. Borrowed money to bomb bridges in Iraq, Afghanistan and Pakistan. No money to rebuild bridges in America. Borrowed money to start a hot war with Iran, now we have another cold war with Russia and the American economy has become a game of Russian roulette.

Not what happened and who’s to blame, but what are we going to do about it?

This is the power of coaching in general: the ability to offer a different perspective, one unaffected by being “in the game.

ALWAYS BUILD COMMUNITIES BUILD COMMUNITIES INSIDE AND OUTSIDE OF WORK. A PLACE IS MUCH STRONGER WHEN PEOPLE ARE CONNECTED.

Wisdom - Each day you wake up, know that your life is like a trillion dollars, use it wisely!

Ethanol is a volatile, flammable, colourless liquid with a slight chemical odour. It is used as an antiseptic, a solvent, in medical wipes and antibacterial formulas because it kills organisms by denaturing their proteins. Ethanol is an important industrial ingredient. Ethanol is a good general purpose solvent and is found in paints, tinctures, markers and personal care products such as perfumes and deodorants. The largest single use of ethanol is as an engine fuel and fuel additive. In other words, we drink, for fun, the same thing we use to make rocket fuel, house paint, anti-septics, solvents, perfumes, and deodorants and to denature, i.e. to take away the natural properties of, or kill, living organisms. Which might make sense on some level if we weren’t a generation of green minded, organic, health-conscious, truth seeking individuals. But we are. We read labels, we shun gluten, dairy, processed foods, and refined sugars. We buy organic, we use natural sunscreen and beauty products. We worry about fluoride in our water, smog in our air, hydrogenated oils in our food, and we debate whether plastic bottles are safe to drink from. We replace toxic cleaning products with Mrs. Myers and homemade vinegar concoctions. We do yoga, we run, we SoulCycle and Fitbit, we go paleo and keto, we juice, we cleanse. We do coffee enemas and steam our yonis, and drink clay and charcoal, and shoot up vitamins, and sit in infrared foil boxes, and hire naturopaths, and shamans, and functional doctors, and we take nootropics and we stress about our telomeres. These are all real words. We are hyper-vigilant about everything we put into our body, everything we do to our body, and we are proud of this. We Instagram how proud we are of this, and we follow Goop and Well+Good, and we drop 40 bucks on an exercise class because there are healing crystals in the floor. The global wellness economy is estimated to be worth $4 trillion. $4 TRILLION DOLLARS. We are on an endless and expensive quest for wellness and vitality and youth. And we drink fucking rocket fuel.

He believed in striving for the best idea, not consensus (“I hate consensus!” he would growl), intuitively understanding what numerous academic studies have shown: that the goal of consensus leads to “groupthink” and inferior decisions.

Bill looked for four characteristics in people. The person has to be smart, not necessarily academically but more from the standpoint of being able to get up to speed quickly in different areas and then make connections. Bill called this the ability to make “far analogies.” The person has to work hard, and has to have high integrity. Finally, the person should have that hard-to-define characteristic: grit. The ability to get knocked down and have the passion and perseverance to get up and go at it again.

Karzai’s government was primarily a military-industrial money-laundering machine for transatlantic security elites, a corrupt conduit through which a trillion U.S. taxpayer dollars flowed, but secondarily and almost as important, it was a massive drug cartel that produced nearly all of the world’s illicit opiates.

If you initialed one dollar per second, you would make $1,000 every seventeen minutes. After 12 days of nonstop effort you would acquire your first $1 million. Thus, it would take you 120 days to accumulate $10 million and 1,200 days— something over three years—to reach $100 million. After 31.7 years you would become a billionaire, and after almost a thousand years you would be as wealthy as Bill Gates. But not until after 31,709.8 years would you count your trillionth dollar (and even then you would be less than one-fourth of the way through the pile of money representing America’s national debt). That is what $1 trillion is.

Try mentally to travel to a faraway place, if not necessarily in order to move your world – though how splendid that would be! – but to see it clearly for what it is. Doing so will grant you the opportunity to retain your freedom. And to remain a free spirit as you grow up and make your way in this world, it is essential that you cultivate a rare but crucial freedom: the liberty that comes from knowing how the economy works and from the capacity to answer the trillion-dollar question: ‘Who does what to whom around your neck of the woods and further afield?

Bill believed that good leaders grow over time, that leadership accrues to them from their teams. He thought people who were curious and wanted to learn new things were best suited for this. There was no room in this formula for smart alecks and their hubris.

New Rule: America must stop bragging it's the greatest country on earth, and start acting like it. I know this is uncomfortable for the "faith over facts" crowd, but the greatness of a country can, to a large degree, be measured. Here are some numbers. Infant mortality rate: America ranks forty-eighth in the world. Overall health: seventy-second. Freedom of the press: forty-fourth. Literacy: fifty-fifth. Do you realize there are twelve-year old kids in this country who can't spell the name of the teacher they're having sex with? America has done many great things. Making the New World democratic. The Marshall Plan. Curing polio. Beating Hitler. The deep-fried Twinkie. But what have we done for us lately? We're not the freest country. That would be Holland, where you can smoke hash in church and Janet Jackson's nipple is on their flag. And sadly, we're no longer a country that can get things done. Not big things. Like building a tunnel under Boston, or running a war with competence. We had six years to fix the voting machines; couldn't get that done. The FBI is just now getting e-mail. Prop 87 out here in California is about lessening our dependence on oil by using alternative fuels, and Bill Clinton comes on at the end of the ad and says, "If Brazil can do it, America can, too!" Since when did America have to buck itself up by saying we could catch up to Brazil? We invented the airplane and the lightbulb, they invented the bikini wax, and now they're ahead? In most of the industrialized world, nearly everyone has health care and hardly anyone doubts evolution--and yes, having to live amid so many superstitious dimwits is also something that affects quality of life. It's why America isn't gonna be the country that gets the inevitable patents in stem cell cures, because Jesus thinks it's too close to cloning. Oh, and did I mention we owe China a trillion dollars? We owe everybody money. America is a debtor nation to Mexico. We're not a bridge to the twenty-first century, we're on a bus to Atlantic City with a roll of quarters. And this is why it bugs me that so many people talk like it's 1955 and we're still number one in everything. We're not, and I take no glee in saying that, because I love my country, and I wish we were, but when you're number fifty-five in this category, and ninety-two in that one, you look a little silly waving the big foam "number one" finger. As long as we believe being "the greatest country in the world" is a birthright, we'll keep coasting on the achievements of earlier generations, and we'll keep losing the moral high ground. Because we may not be the biggest, or the healthiest, or the best educated, but we always did have one thing no other place did: We knew soccer was bullshit. And also we had the Bill of Rights. A great nation doesn't torture people or make them disappear without a trial. Bush keeps saying the terrorist "hate us for our freedom,"" and he's working damn hard to see that pretty soon that won't be a problem.

The U.S. is the richest country in the world, yet even with trillions of dollars to spend it cannot match the life expectancy of a middle-income country like Costa Rica.

Keep note of the times when they give up things, and when they are excited for someone else’s success.

PEOPLE ARE MOST EFFECTIVE WHEN THEY CAN BE COMPLETELY THEMSELVES AND BRING THEIR FULL IDENTITY TO WORK.

Bill didn’t work the problem first, he worked the team. We didn’t talk about the problem analytically. We talked about the people on the team and if they could get it done.

Winning depends on having the best team, and the best teams include more women.

STRIVE TO WIN, BUT ALWAYS WIN RIGHT, WITH COMMITMENT, TEAMWORK, AND INTEGRITY.

Coaching is no longer a specialty; you cannot be a good manager without being a good coach.

In 1968 there were about $200 billion dollars in the United States. Prices were not very high. In 2003 there were $1.3 trillion and prices are up.

There are people who are team players and really care about the company. When they speak up, it matters a lot to me because I know they are coming from the right place.

Opening borders to labor would boost wealth by much more–one thousand times more. In numbers: $65,000,000,000,000. In words: sixty-five trillion dollars.

As Senator Daniel Patrick Moynihan put it when asked to define the eighties, we “borrowed a trillion dollars from the foreigners and used the money to throw a big party.

We spend a trillion dollars a year on food, but it’s only 9.4 percent of our expendable income, the lowest percentage of any country on record.

By early 2009 the risks and losses associated with more than a trillion dollars’ worth of bad investments were transferred from big Wall Street firms to the U.S. taxpayer.

PICK THE RIGHT PLAYERS THE TOP CHARACTERISTICS TO LOOK FOR ARE SMARTS AND HEARTS: THE ABILITY TO LEARN FAST, A WILLINGNESS TO WORK HARD, INTEGRITY, GRIT, EMPATHY, AND A TEAM-FIRST ATTITUDE.

In year 1500, there were about 500 million Homo Sapiens in the entire world. Today, there are 7 billion. The total value of goods and services produced by humankind in the year 1500 is estimated at $250 billion, in today's dollars. Nowadays the value of a year of human production is close to $60 trillion. In 1500 humanity consumed about 13 trillion calories of energy per day. Today, we consume 1,500 trillion calories a day. (Take a second look at those figures -- human population has increased fourteen-fold, production 240-fold, and energy consumption 115-fold.)

2005 there would be $625 billion in subprime mortgage loans, $507 billion of which found its way into mortgage bonds. Half a trillion dollars in subprime mortgage–backed bonds in a single year.

The national debt—that is, the unfunded liabilities and fiscal operating debt—amounts to tens of trillions of dollars. The Government Accountability Office, the Congressional Budget Office, and numerous other public and private institutions have sounded warning alarms about the oncoming crash. But no serious or effective steps have been taken to address this simmering financial and economic implosion.

Imagine if organized religion organized billions of people and trillions of dollars to tackle the challenges that our economic and political systems are afraid or unwilling to tackle—a planet ravaged by unsustainable human behavior and an out-of-control consumptive economy, the growing gap between the rich minority and the poor majority, and the proliferation of weapons of all kinds—including weapons of mass destruction. “Wow,” people frequently say when I propose these possibilities. “If they did that, I might become religious again.” Some quickly add, “But I won’t hold my breath. It’ll never happen.

All too often the people of our culture think they’re really doing something if they’re out there fighting bad things and getting laws passed. Just look at what we’ve accomplished by outlawing drugs and waging a trillion-dollar War on Drugs! (Nothing!)

even if masks reduced the transmission rate of the virus by only 10 percent, our models indicate that hundreds of thousands of deaths would be prevented around the world, creating trillions of dollars in economic value. This is a big effect of a small thing.

...small government gives you big freedoms--and Big Government leaves you with very little freedom. The opposite of Big Government is not small government, but Big Liberty. The bailout and the stimulus and the budget and the trillion-dollar deficits are not merely massive transfers from the most dynamic and productive sector to the least dynamic and productive. When governments annex a huge chunk of the economy, they also annex a huge chunk of individual liberty. You fundamentally change the relationship between the citizen and the state into something closer to that of junkie and pusher--and you make it very difficult ever to change back.

There were no weapons of mass destruction. And we bombed them anyway. And, by the way he's destroyed the economy. He's squandered something in the neighborhood of a trillion dollars. It seems impossible to Tyler that that might not matter. It drives him insane.

Patients are being crushed by the devil’s bargain. Between the 6 trillion dollar food industry which wants to make food cheap and addictive and the 4 trillion dollar health care industry which profits off interventions on sick patients and stays silent about the reasons they are getting sick.

The pharmaceutical drug industry is a half-trillion dollar per year global industry, with almost 300 billion dollars in the United States alone. The pharmaceutical companies and their shareholders rely on people to be sick, or else their stocks will plummet. There is no money to be made in health.

Every telecomm company is as big a corporate welfare bum as you could ask for. Try to imagine what it would cost at market rates to go around to every house in every town in every country and pay for the right to block traffic and dig up roads and erect poles and string wires and pierce every home with cabling. The regulatory fiat that allows these companies to get their networks up and running is worth hundreds of billions, if not trillions, of dollars. If phone companies want to operate in the “free market,” then let them: the FCC could give them 60 days to get all their rotten copper out of our dirt, or we’ll buy it from them at the going scrappage rates. Then, let’s hold an auction for the right to be the next big telecomm company, on one condition: in exchange for using the public’s rights-of-way, you have to agree to connect us to the people we want to talk to, and vice-versa, as quickly and efficiently as you can.

At least ten times as many people died from preventable, poverty-related diseases on September 11, 2001, as died in the terrorist attacks on the World Trade Center and the Pentagon on that black day. The terrorist attacks led to trillions of dollars being spent on the ‘war on terrorism’ and on security measures that have inconvenienced every air traveller since then. The deaths caused by poverty were ignored. So whereas very few people have died from terrorism since September 11, 2001, approximately 30,000 people died from poverty-related causes on September 12, 2001, and on every day between then and now, and will die tomorrow.

The fact is, since America’s “War on Poverty” was launched a little over fifty years ago, the poverty rate in America is exactly where it was then. The main difference is that today, even poverty isn’t as dire for most people as it was fifty years ago. Michael Tennant, writing in The New American, said: “Fifteen trillion dollars: That’s how much American taxpayers have forked over in the name of helping the poor since 1964. And what do we have to show for it? A poverty rate that has barely budged, an entrenched bureaucracy, and a population—like that of Greece and Portugal, two welfare-state basket cases—increasingly dependent on government handouts.

The trillion-dollar pharmaceutical industry puts its research money into the search for magic bullets in the form of chemicals because pills mean money. If energy healing could be made into tablet form, drug manufacturers would get interested quickly. Instead, they identify deviations in physiology and behavior that vary from some hypothetical norm as unique disorders or dysfunctions, and then they educate the public about the dangers of these menacing disorders. Of course, the over-simplified symptomology used in defining the dysfunctions prevalent in drug company advertisements has viewers convinced they are afflicted by that particular malady. “Do you worry? Worry is a primary symptom of ‘medical condition’ called anxiety disorder. Stop your worry. Tell your doctor you want Addictazac, the new passion-pink drug.

Bill liked to tell a story about when he was at Intuit and they started getting into banking products. They hired some product managers with banking experience. One day, Bill was at a meeting with one of those product managers, who presented his engineers with a list of features he wanted them to build. Bill told the poor product manager, if you ever tell an engineer at Intuit which features you want, I’m going to throw you out on the street. You tell them what problem the consumer has. You give them context on who the consumer is. Then let them figure out the features. They will provide you with a far better solution than you’ll ever get by telling them what to build.

How will this expanded role of governments manifest itself? A significant element of new “bigger” government is already in place with the vastly increased and quasi-immediate government control of the economy. As detailed in Chapter 1, public economic intervention has happened very quickly and on an unprecedented scale. In April 2020, just as the pandemic began to engulf the world, governments across the globe had announced stimulus programmes amounting to several trillion dollars, as if eight or nine Marshall Plans had been put into place almost simultaneously to support the basic needs of the poorest people, preserve jobs whenever possible and help businesses to survive.

The assistant director of the Office of Economic Opportunity, Hyman Bookbinder, in a frank statement on December 29, 1966, declared that the long-range costs of adequately implementing programs to fight poverty, ignorance and slums will reach one trillion dollars. He was not awed or dismayed by this prospect but instead pointed out that the growth of the gross national product during the same period makes this expenditure comfortably possible. It is, he said, as simple as this: “The poor can stop being poor if the rich are willing to become even richer at a slower rate.” Furthermore, he predicted that unless a “substantial sacrifice is made by the American people,” the nation can expect further deterioration of the cities, increased antagonisms between races and continued disorders in the streets. He asserted that people are not informed enough to give adequate support to antipoverty programs, and he leveled a share of the blame at the government because it “must do more to get people to understand the size of the problem.

WORDS ON A WHITEBOARD HAVE A STRUCTURE FOR 1:1S, AND TAKE THE TIME TO PREPARE FOR THEM, AS THEY ARE THE BEST WAY TO HELP PEOPLE BE MORE EFFECTIVE AND TO GROW.

There’s a trillion-dollar healthcare industry that makes money off of chronic diseases that stem from poor lifestyle and uncontrolled stress. Causing

We rarely control the timing of opportunities, but we can control our preparation,

The ability to get knocked down and have the passion and perseverance to get up and go at it again.

Bees? Are you telling me we have space bees?

In the last two decades the United States wasted trillions of dollars and much political capital on its War on Terror.

WORK THE TEAM, THEN THE PROBLEM

Think that everyone who works for you is like your kids,” Bill once said. “Help them course correct, make them better.

be the person who gives energy, not one who takes it away.

You can’t talk about coaching—or leading a company—without talking about winning. That’s what the good coaches do. That’s what great leaders do.

After all, the higher you climb, the more your success depends on making other people successful. By definition, that’s what coaches do.

we are always taught the value of “positive coaching,” of leading with praise and then following with constructive feedback.

If you’ve been blessed, be a blessing.

Don't underestimate the power of one dollar for somewhere in its generation is million, billion and trillion

smarts, hard work, integrity, grit.

Bill believed that one of a manager’s main jobs is to facilitate decisions,

What can’t be tolerated is when the aberrant genius continually puts him- or herself above the team.

Keep your head down and work hard. You’d be surprised by how many otherwise competent people self-sabotage with poor behavior.

Keep note of the times when they give up things, and when they are excited for someone else’s success. Sundar notes that “sometimes decisions come up and people have to give up things. I overindex on those signals when people give something up.* And also when someone is excited because something else is working well in the company. It isn’t related to them, but they are excited. I watch for that. Like when you see a player on the bench cheering for someone else on the team, like Steph Curry jumping up and down when Kevin Durant hits a big shot. You can’t fake that.

Economists had found an almost one-to-one match between PISA scores and a nation's long-term economic growth. Many other things influenced economic growth, of course, but the ability of a workforce to learn, think, and adapt was the ultimate stimulus package. If the United States had Finland's PISA scores, GDP would be increasing at the rate of one to two trillion dollars per year.

Second, America is drowning in debt. While China is the world’s largest creditor nation, America is the world’s largest debtor nation. At $17 trillion, the national debt is now bigger than the annual gross domestic product—in other words, it is bigger than the total sum of goods and services that America produces in a year. Nearly half of this debt has been accumulated during the Obama years, at the average rate of a trillion dollars a year. At this pace, Obama will more than double the deficit in two terms. Since a substantial portion of America’s debt is owed to foreign countries, such as China and the Arab nations, debt produces a transfer of wealth away from America and toward the rest of the world. Today, instead of America owning the world, the world increasingly owns America.

Today you are the CEO and they are the founders, Bill said, but someday you will be the ex-CEO and they’ll still be the founders. It’s not you versus them; it’s you and them. You are here to help them.

On 10 September 2008, Raghuram Rajan, noted economist and honorary advisor to Prime Minister Manmohan Singh, delivered a speech at the Bombay Chamber of Commerce where he spoke about how most of India's billionaires did not derive their wealth from IT or software but from land, natural resources, and government contracts or licences. He spoke of India being second only to Russia in terms of wealth concentration (the number of billionaires per trillion dollars of GDP). To show how extraordinary this number was he quoted the case of Brazil which had only 18 billionaires despite a greater GDP than India. Or Germany, which had three times India's GDP and a per capita income 40 times India's but had the same number of billionaires. 'If Russia is an oligarchy, how long can we resist calling India one?' he wondered.

When you listen to people, they feel valued. A 2003 study from Lund University in Sweden finds that “mundane, almost trivial” things like listening and chatting with employees are important aspects of successful leadership, because “people feel more respected, visible and less anonymous, and included in teamwork.”10 And a 2016 paper finds that this form of “respectful inquiry,” where the leader asks open questions and listens attentively to the response, is effective because it heightens the “follower’s” feelings of competence (feeling challenged and experiencing mastery), relatedness (feeling of belonging), and autonomy (feeling in control and having options). Those three factors are sort of the holy trinity of the self-determination theory of human motivation, originally developed by Edward L. Deci and Richard M. Ryan.11

The battle over the expansion of an already too powerful state is the crucial battle of our times. It is the battle to preserve liberty and individual freedom, the core of what America is about. Trillion-dollar

From the social point of view the slow and possibly fraudulent unraveling of a multi-trillion-dollar U.S. bond market was a catastrophe. From the hedge fund trading point of view it was the opportunity of a lifetime.

The strangulation of Germany’s economy hastened the final plunge of the mark. On the occupation of the Ruhr in January 1923, it fell to 18,000 to the dollar; by July 1 it had dropped to 160,000; by August 1 to a million. By November, when Hitler thought his hour had struck, it took four billion marks to buy a dollar, and thereafter the figures became trillions. German currency had become utterly worthless. Purchasing power of salaries and wages was reduced to zero. The life savings of the middle classes and the working classes were wiped out. But something even more important was destroyed: the faith of the people in the economic structure of German society. What good were the standards and practices of such a society, which encouraged savings and investment and solemnly promised a safe return from them and then defaulted? Was this not a fraud upon the people?

I realized that it was good I got couped. Otherwise I’d still be slaving away at PayPal.” Then he paused for a few moments and let out a little laugh. “Of course, if I had stayed, PayPal would be a trillion-dollar company.

When Podolny asked during the interview process how many classes should be offered and how large the faculty could be, Jobs scoffed. “If I knew the answers to those questions, I wouldn’t need to hire someone like you,” he said.

Public R&D expenditures are already at their lowest level as a share of the economy in forty years, and they are slated to fall to their lowest level—0.5 percent of GDP in 2021—since before the great mobilization of science during World War II.85 If they were instead increased in line with the size of the economy, according to one cautious calculation, the economy would generate more than a half trillion dollars in additional income over the next nine years.86

Seemingly unperturbed by the lack of a beneficial owner’s name on such a large transfer—a glaring red flag—Wells Fargo let it through, just a tiny drop in the pool of trillions of dollars that U.S. correspondent banks process every day.

Has the United States been blessed for its critical role in Israel’s re-birth? Financially, America has certainly prospered. In the intervening 65 years since 1948, America has grown by 1,500%. In 1948 the gross domestic product (GDP) of the United States was just over $1 trillion dollars. In 2012 America’s GDP had grown to over $15.6 trillion per year. In the same period, the nation also enjoyed a time of great freedom, though what Americans have done with that freedom is another issue.

ABERRANT GENIUSES—HIGH-PERFORMING BUT DIFFICULT TEAM MEMBERS—SHOULD BE TOLERATED AND EVEN PROTECTED, AS LONG AS THEIR BEHAVIOR ISN’T UNETHICAL OR ABUSIVE AND THEIR VALUE OUTWEIGHS THE TOLL THEIR BEHAVIOR TAKES ON MANAGEMENT, COLLEAGUES, AND TEAMS.

...this money goes to a war machine, a war machine that attacks its own citizens and those of other countries to force them into submission. They spend billions, even trillions of dollars on foreign aid while our own citizens cannot dig out of poverty.

The worst lie ever told is that it is easier to destroy than to create. This lie makes people apathetic about a number of imminently avoidable horrors, particularly the nuclear ones. But Oppenheimer didn’t just go outside one day and trip over an atomic bomb. Nuclear development required trillions of dollars and a massive sustained effort by America’s top politicians, military advisors, and scientific geniuses. Not one damn bit of it was easy. It was certainly harder that sitting down with Stalin or Khrushchev and having a talk . . . America had options. The path of destruction was a choice. It has always been America’s choice, and we citizens have always shrugged, assuming it’s too late to turn back the doomsday clock, although we’re the ones who wound it in the first place.

When foreign military spending [bombing Korea and Vietnam] forced the U.S. balance of payments into deficit and drove the United States off gold in 1971, central banks were left without the traditional asset used to settle payments imbalances. The alternative by default was to invest their subsequent payments inflows in U.S. Treasury bonds, as if these still were “as good as gold.” Central banks have been holding some $4 trillion of these bonds in their international reserves for the past few years — and these loans have financed most of the U.S. Government’s domestic budget deficits for over three decades. Given the fact that about half of U.S. Government discretionary spending is for military operations — including more than 750 foreign military bases and increasingly expensive operations in the oil-producing and transporting countries — the international financial system is organized in a way that finances the Pentagon, along with U.S. buyouts of foreign assets expected to yield much more than the Treasury bonds that foreign central banks hold.

This book argues that the history of federal student loan policies is best understood as a series of messes in which attention became focused on some particular aspect of a larger problem and well-intentioned policies were devised to address each narrowly defined concern.

When people scratch their heads and wonder how it can be that the stock market is booming and executive compensation is at an all-time high but the overall economy is less dynamic and workers are not benefiting, look no further than the trillions of dollars in stock buybacks.

We now know that if someone is deconditioned and sedentary, it is important to focus on what is happening inside the person as well as on the outside,” says Peter. “To get the greatest results, health professionals should use a holistic approach to help people achieve wellness.

In the wake of a mass shooting at Umpqua Community College in Roseburg, Oregon, in 2015, which left ten dead and eight injured, Barack Obama responded with a familiar degree of frustration, though he also touched on an underappreciated angle to the debate over gun violence. “We spent over a trillion dollars and passed countless laws and devote entire agencies to preventing terrorist attacks on our soil, and rightfully so,” he said. “And yet we have a Congress that explicitly blocks us from even collecting data on how we could potentially reduce gun deaths. How can that be?

we’re not satisfied with forcing Russia to destroy its nuclear weapons and recant its ideology. Now we’re really going to get even: we’re sending experts to show them how to run their economy. Am I missing something? A country with a five-trillion-dollar debt is giving advice on handling money?

By 2007, shadow banking was bigger than traditional banking. And the depositors in the shadow banks—the corporate treasurers and money-market funds and pension funds that had trillions of dollars of cash—were starting to demand their money back. It was the start of the biggest bank run in history.

The Social Security system is a $75 trillion problem. Again, just to give you a sense of scale: Let’s say you started a business the day Jesus Christ was born. Let’s say you weren’t exactly a good businessman, and your business lost a million dollars every day—right through yesterday. How much longer would it take before your losses added up to $1 trillion? About 718 more years should do it, give or take a few months. And that’s just one trillion. Multiply that by seventy-five, and you have the size of the Social Security problem. That’s the amount it would take to fully fund Social Security for all current workers and retirees. To realize the magnitude of the problem we’re facing, consider the fact that the total of all wealth in America is about $60 trillion. We could confiscate every item of value from every American household, including cash and investments, and apply the value to the problem—and still not have enough money to fund Social Security fully.

He was also great at email. The tendency today is to have cascading emails, a senior person sending something to her staff, who write their own version to their people, and so on. Bill always counseled us to have one email, straight from the senior person, and over the years he practically perfected the art of writing those messages.

Every time General David Petraeus appeared before a congressional committee, whether to testify about Iraq or Afghanistan or to be confirmed as CIA director, the hearings were largely a waste of time. Members of Congress burned through large segments of their time-limited question periods by tossing verbal kisses to the witness and going on about what a patriot Petraeus was. There was little time to ask serious questions about the strategy of our trillion-dollar military engagement in the Muslim world and to explore alternatives. The fawning of military cheerleaders such as Joe Lieberman and Lindsey Graham reached such extravagant lengths as would have made Caesar blush.

The world’s last great pandemic was the Spanish flu outbreak in 1918 that killed a hundred million people—about 5 percent of the world’s population. If a pandemic like that were to happen again, it would spread faster and might be impossible to contain. According to the Bill & Melinda Gates Foundation, in such a pandemic “the death toll could reach 360 million”—even with the full deployment of vaccines and powerful modern drugs. The Gates Foundation estimated that the pandemic would also devastate the world financially, precipitating a three-trillion-dollar economic collapse. This is not scaremongering: Most epidemiologists believe such a pandemic will eventually happen.

All terrorism is fake. It is a military deception practiced by the rich upon the poor in an ongoing class war. Their most important weapon in this class war are television presenters. The BBC has actually become The Ministry of Truth of George Orwell’s 1984….Why is this happening right now? It’s happening because we no longer have an enemy. We have an unprecedented situation in which there is only one super state: the Anglo-American alliance…..The ruling group maintain their position in society by controlling the masses through fear. In order to make us believe that we must live in fear, the rich had to provide us with a new foreign enemy, a “bogeyman” who wants to conquer the world. The moment you have a world at peace, the keystone in the arch of ruling class power is gone. Every year America’s oligarchs take three trillion dollars out of America’s economy. This is how the rich have rigged the system – so that it benefits them at the expense of everyone else all of the time. To keep this fraud going, the public must be convinced of the need for military expenditure, and this is where all of the phony terror attacks come in. Here is Orwell’s definition of totalitarianism: ‘ A society living by and for continuous warfare in which the ruling caste have ceased to have any real function but succeed in clinging to power through force and fraud.

What does it mean to invade a country, topple its leader, face a raging insurgency, open a Pandora’s box of sectarian conflict across a region, spend trillions of dollars, kill hundreds of thousands of people, and permanently alter hundreds of thousands of American lives? Something in the character of post-9/11 America seemed unable, or unwilling, to process the scale of the catastrophic decision, and the spillover effects it had—an emboldened Iran, embattled Gulf states, a Syrian dictator who didn’t want to be next, a Russian “strongman who resented American dominance, a terrorist organization that would turn itself into an Islamic State, and all the individual human beings caught in between.

Failure is a good teacher, and Bill learned from these experiences that loyalty and commitment are easy when you are winning and much harder when you are losing. But that’s, as Dan’s story highlights, when loyalty, commitment, and integrity are even more important. When things are going badly, teams need even more of those characteristics from their leaders.

Obama occasionally pointed out that the post–Cold War moment was always going to be transitory. The rest of the world will accede to American leadership, but not dominance. I remember a snippet from a column around 9/11: America bestrides the world like a colossus. Did we? It was a story we told ourselves. Shock and awe. Regime change. Freedom on the march. A trillion dollars later, we couldn’t keep the electricity running in Baghdad. The Iraq War disturbed other countries—including U.S. allies—in its illogic and destruction, and accelerated a realignment of power and influence that was further advanced by the global financial crisis. By the time Obama took office, a global correction had already taken place. Russia was resisting American influence. China was throwing its weight around. Europeans were untangling a crisis in the Eurozone. Obama didn’t want to disengage from the world; he wanted to engage more. By limiting our military involvement in the Middle East, we’d be in a better position to husband our own resources and assert ourselves in more places, on more issues. To rebuild our economy at home. To help shape the future of the Asia Pacific and manage China’s rise. To open up places like Cuba and expand American influence in Africa and Latin America. To mobilize the world to deal with truly existential threats such as climate change, which is almost never discussed in debates about American national security.

Later on this fat bird colonel comes up and asks what the hell happened out there. What'd they hear? Why all the ordnance? The man's ragged out, he gets down tight on their case. I mean, they spent six trillion dollars on firepower, and this fatass colonel wants answers, he wants to know what the fuckin' story is. 'But the guys don't say zip. They just look at him for a while, sort of funny like, sort of amazed, and the whole war is right there in that stare. It says everything you can't ever say. It says, man, you got wax in your ears. It says, poor bastard, you'll never know - wrong frequency - you don't even want to hear this. Then they salute the fucker and walk away, because certain stories you don't ever tell.

Russia has a population of 150 million people and a GDP of $4 trillion. In both population and production it is dwarfed by the United States (325 million people and a $19 trillion GDP) and the European Union (500 million people and a $21 trillion GDP).6 Together, the United States and the European Union have five times more people than Russia, and ten times more dollars.

There is another issue with the largely cognitive approach to management, which we had big-time at Google. Smart, analytical people, especially ones steeped in computer science and mathematics as we were, will tend to assume that data and other empirical evidence can solve all problems. Quants or techies with this worldview tend to see the inherently messy, emotional tension that’s always present in teams of humans as inconvenient and irrational—an irritant that will surely be resolved in the course of a data-driven decision process. Of course, humans don’t always work that way. Things come up, tensions arise, and they don’t naturally go away. People do their best to avoid talking about these situations, because they’re awkward. Which makes it worse.

Over the last few years, banks and governments have been frenziedly printing money. Everybody is terrified that the current economic crisis may stop the growth of the economy. So they are creating trillions of dollars, euros and yen out of thin air, pumping cheap credit into the system, and hoping that the scientists, technicians and engineers will manage to come up with something really big,

BE CREATIVE. Your post-fifty years should be your most creative time. You have wisdom of experience and freedom to apply it where you want. Avoid metaphors such as you are on the “back nine.” This denigrates the impact you can have. DON’T BE A DILETTANTE. Don’t just do a portfolio of things. Whatever you get involved with, have accountability and consequence. Drive it. FIND PEOPLE WHO HAVE VITALITY. Surround yourself with them; engage with them. Often they will be younger. APPLY YOUR GIFTS. Figure out what you are uniquely good at, what sets you apart. And understand the things inside you that give you a sense of purpose. Then apply them. DON’T WASTE TIME WORRYING ABOUT THE FUTURE. Allow serendipity to play a role. Most of the turning points in life cannot be predicted or controlled.

Western alliances can mobilize a million men to go to war against a dictator who snatches a few oil wells from his neighbor, and will invest trillions of dollars in such a war. But faced with a crisis that threatens to cause famine and death on a global scale, they sit and talk, question the validity of the evidence, discuss economics and blame, have conferences and recommend recycling plastic bags…

develop people’s skills. Great managers help people excel and grow. Respect means understanding people’s unique career goals and being sensitive to their life choices. It means helping people achieve these career goals in a way that’s consistent with the needs of the company. Trust means freeing people to do their jobs and to make decisions. It means knowing people want to do well and believing that they will.

Over the last few years, banks and governments have been frenziedly printing money. Everybody is terrified that the current economic crisis may stop the growth of the economy. So they are creating trillions of dollars, euros and yen out of thin air, pumping cheap credit into the system, and hoping that the scientists, technicians and engineers will manage to come up with something really big, before the bubble bursts. Everything

To do a modest bit of good while doing nothing about the larger system is to keep the painting. You are chewing on the fruit of an injustice. You may be working on a prison education program, but you are choosing not to prioritize the pursuit of wage and labor laws that would make people's lives more stable and perhaps keep some of them out of jail. You may be sponsoring a loan forgiveness initiative for law school students, but you are choosing not to prioritize seeking a tax code that would take more from you and cut their debts. Your management consulting firm may be writing reports about unlocking trillions of dollars' worth of women's potential, but it is choosing not to advise its clients to stop lobbying against the social programs that have been shown in other societies to help women achieve the equality fantasized about in consultants' reports.

For example, after a half-century of Johnson’s “Great Society” welfare programs, which have cost trillions of dollars, the national poverty rate remains roughly the same as it was in the 1960s.55 And despite countless promises by President Obama that his policies would make health coverage and college more affordable,56 health insurance costs and college expenses57 are significantly higher than they were when Obama implemented his reforms.

The problem wasn’t that the banks were, in and of themselves, critical to the success of the U.S. economy. The problem, he felt certain, was that some gargantuan, unknown dollar amount of credit default swaps had been bought and sold on every one of them. “There’s no limit to the risk in the market,” he said. “A bank with a market capitalization of one billion dollars might have one trillion dollars’ worth of credit default swaps outstanding. No one knows how many there are! And no one knows where they are!” The failure of, say, Citigroup might be economically tolerable. It would trigger losses to Citigroup’s shareholders, bondholders, and employees—but the sums involved were known to all. Citigroup’s failure, however, would also trigger the payoff of a massive bet of unknown dimensions: from people who had sold credit default swaps on Citigroup to those who had bought them.

Studies show that positive leadership makes it easier to solve problems, so Bill would praise teams and people, give them a hug, and clap them on the shoulder to boost their confidence and comfort. Then, when he asked the tough questions, everyone understood that he was on their side, and that he was pushing on things because he wanted them to be better, to be successful. He would always get to the heart of a problem, but in a positive way.

But scamming large amounts of money off the top seems even harder to catch. Fraud by American defense contractors is estimated at around $100 billion per year, and they are relatively well behaved compared to the financial industry. The FBI reports that since the economic recession of 2008, securities and commodities fraud in the United States has gone up by more than 50 percent. In the decade prior, almost 90 percent of corporate fraud cases—insider trading, kickbacks and bribes, false accounting—implicated the company’s chief executive officer and/or chief financial officer. The recession, which was triggered by illegal and unwise banking practices, cost American shareholders several trillion dollars in stock value losses and is thought to have set the American economy back by a decade and a half. Total costs for the recession have been estimated to be as high as $14 trillion—or about $45,000 per citizen.

The case for bitcoin as a cash item on a balance sheet is very compelling for anyone with a time horizon extending beyond four years. Whether or not fiat authorities like it, bitcoin is now in free-market competition with many other assets for the world’s cash balances. It is a competition bitcoin will win or lose in the market, not by the edicts of economists, politicians, or bureaucrats. If it continues to capture a growing share of the world’s cash balances, it continues to succeed. As it stands, bitcoin’s role as cash has a very large total addressable market. The world has around $90 trillion of broad fiat money supply, $90 trillion of sovereign bonds, $40 trillion of corporate bonds, and $10 trillion of gold. Bitcoin could replace all of these assets on balance sheets, which would be a total addressable market cap of $230 trillion. At the time of writing, bitcoin’s market capitalization is around $700 billion, or around 0.3% of its total addressable market. Bitcoin could also take a share of the market capitalization of other semihard assets which people have resorted to using as a form of saving for the future. These include stocks, which are valued at around $90 trillion; global real estate, valued at $280 trillion; and the art market, valued at several trillion dollars. Investors will continue to demand stocks, houses, and works of art, but the current valuations of these assets are likely highly inflated by the need of their holders to use them as stores of value on top of their value as capital or consumer goods. In other words, the flight from inflationary fiat has distorted the U.S. dollar valuations of these assets beyond any sane level. As more and more investors in search of a store of value discover bitcoin’s superior intertemporal salability, it will continue to acquire an increasing share of global cash balances.

Over the last few years, banks and governments have been frenziedly printing money. Everybody is terrified that the current economic crisis may stop the growth of the economy. So they are creating trillions of dollars, euros and yen out of thin air, pumping cheap credit into the system, and hoping that the scientists, technicians and engineers will manage to come up with something really big, before the bubble bursts. Everything depends on the people in the labs.

Still, it is argued that millions of people benefit from such programs. Of course, trillions of dollars in government expenditures over many years most assuredly benefit the recipients of subsidies or other related payments. But this does not change the arithmetic. The eventual collapse of a colossal government venture will indiscriminately engulf an entire society and economy, including its millions of beneficiaries and benefactors, resulting in widespread disorder and misery.

People are the foundation of any company’s success. The primary job of each manager is to help people be more effective in their job and to grow and develop. We have great people who want to do well, are capable of doing great things, and come to work fired up to do them. Great people flourish in an environment that liberates and amplifies that energy. Managers create this environment through support, respect, and trust. Support means giving people the tools, information, training, and coaching they need to succeed. It means continuous effort to develop people’s skills. Great managers help people excel and grow. Respect means understanding people’s unique career goals and being sensitive to their life choices. It means helping people achieve these career goals in a way that’s consistent with the needs of the company. Trust means freeing people to do their jobs and to make decisions. It means knowing people want to do well and believing that they will.

At least ten times as many people died from preventable, poverty-related diseases on September 11, 2011, as died in the terrorist attack on the World Trade Center and the Pentagon on that black day. The terrorist attacks led to trillions of dollars being spent on the ‘war on terrorism’ and on security measures that have inconvenienced every air traveller since then. The deaths caused by poverty were ignored. So whereas very few people have died from terrorism since September 11, 2001, approximately 30,000 people died from poverty-related causes on September 12, 2001, and on every day between then and now, and will die tomorrow. Even when we consider larger events like the Asian tsunami of 2004, which killed approximately 230,000 people, or the 2010 earthquake in Haiti that killed up to 200,000, we are still talking about numbers that represent just one week’s toll for preventable, poverty-related deaths — and that happens fifty-two weeks in every year.

In 2011, as American forces left Iraq, Vermont independent Senator Bernie Sanders made public a Defense Department report prepared at his request: 300 defense contractors in Iraq providing products or services to the Pentagon had been involved in fraud, including Lockheed Martin and Northrup-Grumman, both rewarded with even bigger multibillion dollar contracts after paying small fines. During the decade of war, the Pentagon had forked over to the top 37 fraudulent corporations alone $1.1 trillion.

Japanese were aware of three powers: the power of the sword, the jewel, and the mirror. The sword symbolizes the power of weapons. America has spent trillions of dollars on weapons and, because of this, is a powerful military presence in the world. The jewel symbolizes the power of money. There is some degree of truth to the saying, “Remember the golden rule. He who has the gold makes the rules.” The mirror symbolizes the power of self-knowledge. This self-knowledge, according to Japanese legend, was the most treasured of the three.

The Costs of War Project at Brown University reports that over 6,800 US troops have died in the Afghanistan and Iraq wars. In addition, the Costs of War Project says at least 6,780 US contractors, rarely counted, should be included in the American death toll. Suicides by American veterans number into the thousands and are not counted in battle-related deaths. Hundreds of thousands of Iraqi and Afghan citizens have died as well. Total dollar costs for the wars will exceed $4 trillion. I predict it will cost even more since the total tally won’t be in for decades. And it’s not over yet. Even in 2013 we still had over 100,000 Department of Defense contractors in Afghanistan. And we’re not about to close down the biggest embassy in the world in Baghdad. There are no plans to actually leave either country. Yet there are plenty of plans to maintain and to expand our presence worldwide as we deal with Syria, Lebanon, Iran, or wherever our US Empire chooses. Killing hundreds of thousands of the so-called enemy makes no sense given that most of them had no involvement in 9/11. This is pure bloodlust.

When Ive and Forlenza went to the Hong Kong airport to return home days later, it was still almost empty because of the epidemic. They grabbed seats at an empty bar in the airport lounge and ordered coffee. As Ive sipped on a cappuccino, he stared down the stainless-steel bar and quietly said, “I can see every seam in this bar.” Forlenza followed Ive’s gaze down the bar. He saw nothing but thirty feet of smooth silver metal. He decided that Ive, who had a glum look on his face, must have X-ray vision. “Your life must be fucking miserable,” he said.

About 74 percent of U.S. adults are overweight or obese, and 93.2 percent have metabolic dysfunction. These numbers sound high until you realize how many levers of modern society are stacked against our mitochondria and metabolism: too much sugar, too much stress, too much sitting, too much pollution, too many pills, too many pesticides, too many screens, too little sleep, and too little micronutrients. These trends—with trillions of dollars behind them—are causing epidemic levels of mitochondrial dysfunction and underpowered, sick, inflamed bodies.

how Wall Street investment banks somehow had conned the rating agencies into blessing piles of crappy loans; how this had enabled the lending of trillions of dollars to ordinary Americans; how the ordinary Americans had happily complied and told the lies they needed to tell to obtain the loans; how the machinery that turned the loans into supposedly riskless securities was so complicated that investors had ceased to evaluate risks; how the problem had grown so big that the end was bound to be cataclysmic and have big social and political consequences.

What counts as money (and what doesn’t) is the result of choices we make, and those choices have a profound effect on who gets more stuff and who gets less, who gets to take risks when times are good, and who gets screwed when things go bad. Our choices about money gave us the world we live in now: the world where, when a pandemic hit in the spring of 2020, central banks could create trillions of dollars and euros and yen out of thin air in an effort to fight an economic collapse. In the future we’ll make different choices, and money will change again.

By the 1960s, the price had fallen to $8 or so per transistor. By 1972, the year of my birth, the average cost of a transistor had fallen to 15 cents,6 and the semiconductor industry was churning out between 100 billion and 1 trillion transistors a year. By 2014, humanity produced 250 billion billion transistors annually: 25 times the number of stars in the Milky Way. Each second, the world’s ‘fabs’ – the specialised factories that turn out transistors – spewed out 8 trillion transistors.7 The cost of a transistor had dropped to a few billionths of a dollar.

The Paris Agreement will be the costliest pact ever agreed to, by far. It will cost us $1–$2 trillion per year from 2030 onward, if actually fully implemented. Yet the agreement will do almost nothing for the climate: all of its promises will reduce the temperature rise by the end of the century by an almost imperceptible 0.05°F. And none of the big emitting countries are anywhere close to actually delivering on their promises. Spending trillions to achieve almost nothing is, not surprisingly, a bad idea. Every dollar spent will produce climate benefits worth just 11¢.

The nuclear thing is harder to figure. The United States, according to a 1998 study by the Brookings Institution, spent nearly eight trillion in today’s dollars on nukes in the last half of the twentieth century, which represents something like a third of our total military spending in the Cold War. Just the nuke budget was more than that half-century’s federal spending on Medicare, education, social services, disaster relief, scientific research (of the non-nuclear stripe), environmental protection, food safety inspectors, highway maintenance, cops, prosecutors, judges, and prisons … combined.

Money is a tool, but it’s also a symbol. It’s sort of like the luxury wine sector, which is a trillion-dollar-a-year industry even though many people can’t taste the difference between low- and high-quality, cheap and expensive, red and white wines. As Samuel Hammond, a senior economist at the Foundation for American Innovation, tweeted, “Wine seems to just be a well-studied microcosm of how human beliefs and desires work more generally. Namely, that they’re socially mediated, easily falsified, unconsciously influenced by cues of status and distinction, and relatively impervious to rational self-reflection.

Filipinos have built many cities, expressways, subways, railways, and airports elsewhere in the world as OFWs. The pandemic gave us the best talent pool one could ever ask for. Build, Build, Build gave OFWs an opportunity to serve their country if they wanted to. Although we couldn’t match the salaries they received abroad, many stayed to ensure that Filipinos would get to use infrastructure that they only saw in photos before. We are on the right track. The Philippines can be a trillion-dollar economy. President Rodrigo Duterte already laid the grounds to make this possible. It will be up to us to make it happen.

What is America to do about the rising tide of horror? Visitors from Europe or Japan shake their heads in wonder at the squalor and barbarity of America’s cities. They could be forgiven for thinking that the country had viciously and deliberately neglected its poor and its blacks. Of course, it has not. Since the 1960s, the United States has poured a staggering amount of money into education, housing, welfare, Medicaid, and uplift programs of every kind. Government now spends $240 billion a year to fight poverty,1278 and despite the widespread notion that spending was curtailed during Republican administrations, it has actually gone up steadily, at a rate that would have astonished the architects of the Great Society. Federal spending on the poor, in real 1989 dollars, quadrupled from 1965 to 1975, and has nearly doubled since then.1279 As the economist Walter Williams has pointed out, with all the money spent on poverty since the 1960s, the government could have bought every company on the Fortune 500 list and nearly all the farmland in America.1280 What do we have to show for three decades and $2.5 trillion worth of war on poverty? The truth is that these programs have not worked. The truth that America refuses to see is that these programs have made things worse.

Ah, New England. An amalgam of picket fences and crumbling bricks; Ivy League schools and dropped Rs; social tolerance and the Salem witch trials, Henry David Thoreau and Stephen King, P-town rainbows and mill-town rust; Norman Rockwell and Aerosmith; lobster and Moxie; plus the simmering aromas of a million melting pot cuisines originally brought here by immigrants from everywhere else searching for new ways to live. It’s a place where rapidly-growing progressive cities full of the ‘wicked smaaht’ coexist alongside blight-inflicted Industrial Revolution landscapes full of the ‘wicked poor’. A place of forested mountains, roaring rivers, crystalline lakes, urban sprawl, and a trillion dollar stores. A place of seasonal tourism beach towns where the wild, rank scent of squishy seaweed casts its cryptic spell along the vast and spindrift-misted seacoast, while the polished yachts of the elite glisten like rare jewels on the horizon, just out of reach. Where there are fiery autumn hues and leaves that need raking. Powder snow ski slopes and icy windshields that need scraping. Crisp daffodil mornings and mud season. Beach cottage bliss and endless miles of soul-sucking summer traffic . Perceived together, the dissonant nuances of New England stir the imagination in compelling and chromatic whorls.

The strangulation of Germany’s economy hastened the final plunge of the mark. On the occupation of the Ruhr in January 1923, it fell to 18,000 to the dollar; by July 1 it had dropped to 160,000; by August 1 to a million. By November, when Hitler thought his hour had struck, it took four billion marks to buy a dollar, and thereafter the figures became trillions. German currency had become utterly worthless. Purchasing power of salaries and wages was reduced to zero. The life savings of the middle classes and the working classes were wiped out. But something even more important was destroyed: the faith of the people in the economic structure of German society.

The last 500 years have witnessed a phenomenal and unprecedented growth in human power. In the year 1500, there were about 500 million Homo sapiens in the entire world. Today, there are 7 billion. The total value of goods and services produced by humankind in the year 1500 is estimated at $250 billion, in today's dollars. Nowadays the value of a year of human production is close to $60 trillion. In 1500, humanity consumed about 13 trillion calories of energy per day. Today, we consume 1,500 trillion calories a day. (Take a second look at those figures - human population has increased fourteenfold, production 240-fold, and energy consumption 115-fold.) (p.275)

He looked for commitment, to the cause and not just to their own success. Team First! You need to find... people who put the company first... But how do you know when you have found such a person? Keep note of the times when they give up things, and when they are excited for someone else's success. Sundar notes that "sometimes decisions come up and people have to give up things. I overindex [pay a lot of attention to] on those signals when people give something up. Also when someone is excited because something else is working well in the company. It isn't related to them but they are excited. I watch for that. Like when you see a player on the bench cheering for someone else on the team p117-18

Everybody is terrified that the current economic crisis may stop the growth of the economy. So they are creating trillions of dollars, euros and yen out of thin air, pumping cheap credit into the system, and hoping that the scientists, technicians and engineers will manage to come up with something really big, before the bubble bursts. Everything depends on the people in the labs. New discoveries in fields such as biotechnology and nanotechnology could create entire new industries, whose profits could back the trillions of make-believe money that the banks and governments have created since 2008. If the labs do not fulfil these expectations before the bubble bursts, we are heading towards very rough times. Columbus

The overall U.S. homeownership rate increased from 64 percent in 1994 to a peak in 2004 with an all-time high of 69.2 percent. Real estate had become the leading business in America, more and more speculators invested money in the business. During 2006, 22 percent of homes purchased (1.65 million units) were for investment purposes, with an additional 14 percent (1.07 million units) purchased as vacation homes. These figures led Americans to believe that their economy was indeed booming. And when an economy is booming nobody is really interested in foreign affairs, certainly not in a million dead Iraqis. But then the grave reality dawned on the many struggling, working class Americans and immigrants, who were failing to pay back money they didn't have in the first place. Due to the rise in oil prices and the rise of interest rates, millions of disadvantaged Americans fell behind. By the time they drove back to their newly purchased suburban dream houses, there was not enough money in the kitty to pay the mortgage or elementary needs. Consequently, within a very short time, millions of houses were repossessed. Clearly, there was no one around who could afford to buy those newly repossessed houses. Consequently, the poor people of America became poorer than ever. Just as Wolfowitz's toppled Saddam, who dragged the American Empire down with him, the poor Americans, that were set to facilitate Wolfowitz's war, pulled down American capitalism as well as the American monetary and banking system. Greenspan's policy led an entire class to ruin, leaving America's financial system with a hole that now stands at a trillion dollars.

Noting these developments, George Marshall, former chairman of the Joint Chiefs of Staff and now secretary of state, had undertaken a fact-finding tour of Europe—and he didn’t like the facts he’d found. He told President Truman that if something wasn’t done to put the prostrated nations of Europe back on their feet, international trade would be crippled and some, if not most, of these countries would fall to Communist proselytizing and intrigue. What became known as the Marshall Plan was a multibillion-dollar American self-help handout in which war-torn nations could apply for direct aid from the United States after submitting a recovery plan. (The package was worth more than a trillion in today’s dollars and up to 15 percent of the U.S. federal budget.) Stalin stupidly forbade the Soviet Union or any of the countries it occupied in central and eastern Europe

the Big Three own, which include America’s major airlines (American, Delta, United Continental), much of Wall Street (JPMorgan Chase, Wells Fargo, Bank of America, Citigroup) and car makers such as Ford and General Motors. Together, the Big Three are the largest single shareholder in almost 90 per cent of firms listed in the New York Stock Exchange, including Apple, Microsoft, ExxonMobil, General Electric and Coca-Cola. As for the dollar value of the Big Three’s shares, it has too many zeros to mean much. At the time of writing, BlackRock manages nearly $10 trillion in investments, Vanguard $8 trillion and State Street $4 trillion. To make sense of these numbers: they are almost exactly the same as the US national income; or the sum of the national incomes of China and Japan; or the sum of the total income of the eurozone, the UK, Australia, Canada and Switzerland.

Jim Simons, head of the hedge fund Renaissance Technologies, has compounded money at 66% annually since 1988. No one comes close to this record. As we just saw, Buffett has compounded at roughly 22% annually, a third as much. Simons’ net worth, as I write, is $21 billion. He is—and I know how ridiculous this sounds given the numbers we’re dealing with—75% less rich than Buffett. Why the difference, if Simons is such a better investor? Because Simons did not find his investment stride until he was 50 years old. He’s had less than half as many years to compound as Buffett. If James Simons had earned his 66% annual returns for the 70-year span Buffett has built his wealth he would be worth—please hold your breath—sixty-three quintillion nine hundred quadrillion seven hundred eighty-one trillion seven hundred eighty billion seven hundred forty-eight million one hundred sixty thousand dollars.

My family is a classic American-dream story. My great-grandparents fled Russia to avoid being murdered for their religion. Just two generations later, my parents fled New York City weekends for their country house. I never felt guilty about this. I was raised to believe America rewards hard work. But I was also raised to understand that luck plays a role in even the bootstrappiest success story. The cost of living the dream, I was taught, is the responsibility to expand it for others. It’s a more than fair price. Yet the people running the country didn’t see it that way. With George W. Bush in the White House, millionaires and billionaires were showered with tax cuts. Meanwhile, schools went underfunded. Roads and bridges deteriorated. Household incomes languished. Deficits ballooned. And America went to war. President Bush invaded Iraq to destroy weapons of mass destruction, a campaign which hit a snag when it turned out those weapons didn’t exist. But by then it was too late. We had broken a country and owned the resulting mess. Colin Powell called this “the Pottery Barn rule,” which, admittedly, was cute. Still, it’s hard to imagine a visit to Pottery Barn that costs trillions of dollars and thousands of American lives. Our leaders, in other words, had made bad choices. They would therefore be replaced with better ones. That’s how AP Government told me the system worked. In the real world, however, the invasion of Iraq became an excuse for a dark and antidemocratic turn. Those who questioned the war, the torture of prisoners—or even just the tax cuts—found themselves accused of something barely short of treason. No longer was a distinction made between supporting the president’s policies and America’s troops. As an electoral strategy, this was dangerous and cynical. Also, it worked. So no, I didn’t grow up with a high opinion of politicians. But I did grow up in the kind of environment where people constantly told me I could change the world. In 2004, eager to prove them right, I volunteered for John Kerry’s presidential campaign.

ten thousand talents. It is hard to estimate exactly what that was worth, and it may in fact only mean the largest debt conceivable, “ten thousand” being one of the largest common numbers and a “talent” being the largest denomination of currency. However, if we do estimate it in dollars, we derive some interesting results. A talent was seventy-five pounds, so ten thousand talents would be 750,000 pounds. We do not know whether they were talents of gold or silver. But since Jesus is trying to exaggerate the contrast between this great debt and the relatively small debt of verse 28, we may suppose that He was thinking of the greater of the two talents, namely, gold. In troy weight there are twelve ounces to a pound. So we are now dealing with 750,000 times 12, or 9 million ounces of gold. Assuming that gold is selling at about $400 an ounce, we come to a figure of $3,600 million (three trillion six hundred million dollars). That is beyond our comprehension, which is precisely Christ’s point. It is an astronomical debt, entirely beyond this servant’s or anybody else’s capacity to pay.

Rather than encouraging a greater understanding of how these disparities came to be or a framework for compassion for fellow Americans, political discourse has usually reinforced prevailing stereotypes of a lazy, inferior group getting undeserved handouts, a scapegoating that makes the formal barriers all the more unjust and the resentments of white working-class citizens all the more tragic. The subordinate caste was shut out of “the trillions of dollars of wealth accumulated through the appreciation of housing assets secured by federally insured loans between 1932 and 1962,” a major source of current-day wealth, wrote the sociologist George Lipsitz. “Yet they find themselves portrayed as privileged beneficiaries of special preferences by the very people who profit from their exploitation and oppression.” Once labor, housing, and schools finally began to open up to the subordinate caste, many working- and middle-class whites began to perceive themselves to be worse off, by comparison, and to report that they experienced more racism than African-Americans, unable to see the inequities that persist, often in their favor.

I think that's quite true. and in fact the people who understand this the best are those who are carrying out the control and domination in the more free societies. like the U.S. and England, where popular struggles have have won a lot of freedoms over the years and the state has limited capacity to coerce. It is very striking that it's precisely in those societies that elite groups—the business world, state managers and so on—recognized early on that they are going to have to develop massive methods of control of attitude and opinion, because you cannot control people by force anymore and therefore you have to modify their consciousness so that they don't perceive that they are living under conditions of alienation, oppression, subordination and so on. In fact, that's what probably a couple trillion dollars are spent on each year in the U.S., very self-consciously, from the framing of television advertisements for two-year olds to what you are taught in graduate school economics programs. It's designed to create a consciousness of subordination and it's also intended specifically and pretty consciously to suppress normal human emotions. Normal human emotions are sympathy and solidarity, not just for people but for stranded dolphins. It's just a normal reaction for people. If you go back to the classical political economists, people like Adam Smith, this was just taken for granted as the core of human nature and society. One of the main concentrations of advertising and education is to drive that out of your mind. And it's very conscious. In fact, it's conscious in social policy right in front of our eyes today. Take the effort to destroy Social Security. Well, what's the point of that? There's a lot of scam about financial problems, which is all total nonsense. And, of course, they want Wall Street to make a killing. Underlying it all is something much deeper. Social Security is based on a human emotion and it's a natural human emotion which has to be driven out of people minds, namely the emotion that you care about other people. You care. It's a social and community responsibility to care whether a disabled widow across town has enough food to eat, or whether a kid across the street can go to school. You have to get that out of people's heads. You have to make them say, "Look, you are a personal, rational wealth maximizer. If that disabled widow didn't prepare for her own future, it's her problem not your problem. It's not your fault she doesn't have enough to eat so why should you care?

The best way not to have to use your military power is to make sure that power is visible. When people know that we will use force if necessary and that we really mean it, we’ll be treated differently. With respect. Right now, no one believes us because we’ve been so weak with our approach to military policy in the Middle East and elsewhere. Building up our military is cheap when you consider the alternative. We’re buying peace and we’re locking in our national security. Right now we are in bad shape militarily. We’re decreasing the size of our forces and we’re not giving them the best equipment. Recruiting the best people has fallen off, and we can’t get the people we have trained to the level they need to be. There are a lot of questions about the state of our nuclear weapons. When I read reports of what is going on, I’m shocked. It’s no wonder nobody respects us. It’s no surprise that we never win. Spending money on our military is also smart business. Who do people think build our airplanes and ships, and all the equipment that our troops should have? American workers, that’s who. So building up our military also makes economic sense because it allows us to put real money into the system and put thousands of people back to work. There is another way to pay to modernize our military forces. If other countries are depending on us to protect them, shouldn’t they be willing to make sure we have the capability to do it? Shouldn’t they be willing to pay for the servicemen and servicewomen and the equipment we’re providing? Depending on the price of oil, Saudi Arabia earns somewhere between half a billion and a billion dollars every day. They wouldn’t exist, let alone have that wealth, without our protection. We get nothing from them. Nothing. We defend Germany. We defend Japan. We defend South Korea. These are powerful and wealthy countries. We get nothing from them. It’s time to change all that. It’s time to win again. We’ve got 28,500 wonderful American soldiers on South Korea’s border with North Korea. They’re in harm’s way every single day. They’re the only thing that is protecting South Korea. And what do we get from South Korea for it? They sell us products—at a nice profit. They compete with us. We spent two trillion dollars doing whatever we did in Iraq. I still don’t know why we did it, but we did. Iraq is sitting on an ocean of oil. Is it out of line to suggest that they should contribute to their own future? And after the blood and the money we spent trying to bring some semblance of stability to the Iraqi people, maybe they should be willing to make sure we can rebuild the army that fought for them. When Kuwait was attacked by Saddam Hussein, all the wealthy Kuwaitis ran to Paris. They didn’t just rent suites—they took up whole buildings, entire hotels. They lived like kings while their country was occupied. Who did they turn to for help? Who else? Uncle Sucker. That’s us. We

The world is in the midst of a war, but it is not the kind of war you may be imagining. It is a currency war in which nations compete to lower the value of their currency in order to help their industries gain greater profits from exports. The currency disputes have arisen from a conflict of interest between the United States and China. The U.S. has been struggling against a massive fiscal deficit and foreign debt in recent years, especially since the global financial crisis. With so much at stake, the era of U.S. dollar hegemony seems to be ending. China has been raking in profits from its biggest export market, the U.S., by keeping its yuan, also known as the renminbi, undervalued. China has also been purchasing U.S. treasury bonds to add to its foreign reserves, worth more than $2 trillion. In September, the U.S. House of Representatives passed the Currency Reform for Fair Trade Act with a vote of 348 to 79. Under the bill, the U.S. is allowed to slap tariffs on goods from China and other countries with currencies that are perceived to be undervalued. Basically, the U.S. is pushing China to allow the yuan to appreciate. “For so many years, we have watched the China-U.S. trade deficit grow and grow and grow,” House Speaker Nancy Pelosi said on the day of the vote, which was on Sept. 29 local time. “Today, we are finally doing something about it by recognizing that China’s manipulation of the currency represents a subsidy for Chinese exports coming to the United States and elsewhere.” But China does not want the value of its currency to increase because a stronger yuan will hurt Chinese exporters who will see a decline in exports to the U.S. once the currency’s value rises.

You know, a government should be a good thing. The Anglo-Saxons and the Germans rejoice in the phenomenon of government. They think that the recipe for human happiness is that you should make your desires and actions concordant with those of the government. So a German and an American will try to make the government work for him, protect him, and he will be more than happy to murder to preserve that wonderful symbiosis. And if he has some money to invest, he will invest it in the government, buying government bonds. He does this regardless of whether his government happens to be trillions of dollars in debt—that is, practically bankrupt. Despite his rhetoric of private enterprise, a Westerner will invest in his government. And we, Eastern and Central Europeans, and particularly Slavs, we all consider our governments to be absolutely the worst in the world. We are ashamed of our governments, and, as a rule, our government is ashamed of us, trying to improve us statistically, to say that we work more and drink less than we do. We think that there's no greater obstacle to human happiness than the government. So even if we have an institution pregnant with democratic potential, such as workers' self-management, we never even bother to attend a meeting unless absolutely forced. And as for voting, we circle any name without looking at whose it is, out of spite. To a Slav, there is nothing more disgusting than voting. We have an aversion to investing trust in any human being. So how could we single out someone we haven't met but whom we know a priori to be a social upstart and climber? So we spend these workers' self-management meetings, where democracy could be practiced, in daydreams of sex and violence.

One of the issues that animated the Tea Party in South Carolina and nationally during my campaign for governor was bailouts. The debate started with the Troubled Asset Relief Program (TARP) passed by Congress in 2008 and signed by President Bush. The TARP bailout was a perfect example of government not understanding the value of a dollar. It was a quick fix to get everyone to calm down. But what did it actually do? The banks that received the money didn’t expand lending to businesses. They used the cash to help their own books, and the taxpayers were put on the hook as loan guarantors. No one—not the politicians who encouraged the recklessness, not the quasi-governmental entities like Fannie Mae that got rich off it, and certainly not the Wall Street firms that got bailed out—was ever held accountable. And the American people ended up worse off than they were before. As a small businessperson, I found the message government was sending incredibly offensive. In my version of capitalism, if a company succeeds, you don’t punish it by raising its taxes; and if a company fails, you don’t reward it by having the taxpayers bail it out. TARP opened the floodgates for a wave of unaccountable spending that flowed out of Washington. Soon afterward, President Obama bailed out the auto industry to rescue big labor. His allies in Congress passed the $787 billion stimulus bill, most of them without having read it. And he forced through a trillion-dollar health-care takeover. With each bailout, more and more of us felt we were getting further and further from what America was meant to be: a free and striving people with a limited and accountable government. Instead, Washington was revealing itself to be an inside game, with the rules fixed to benefit the establishment. The rules favor the well connected, while the rest of us in flyover country pay the bills.

The first cut at the problem—the simplest but still eye-opening—is to ask how much income would have to be transferred from rich countries to poor countries to lift all of the world’s extreme poor to an income level sufficient to meet basic needs. Martin Ravallion and his colleagues on the World Bank’s poverty team have gathered data to address this question, at least approximately. The World Bank estimates that meeting basic needs requires $1.08 per day per person, measured in 1993 purchasing-power adjusted prices. Using household surveys, the Ravallion team has calculated the numbers of poor people around the world who live below that threshold, and the average incomes of those poor. According to the Bank’s estimates, 1.1 billion people lived below the $1.08 level as of 2001, with an average income of $0.77 per day, or $281 per year. More important, the poor had a shortfall relative to basic needs of $0.31 per day ($1.08 minus $0.77), or $113 per year. Worldwide, the total income shortfall of the poor in 2001 was therefore $113 per year per person multiplied by 1.1 billion people, or $124 billion. Using the same accounting units (1993 purchasing power adjusted U.S. dollars), the income of the twenty-two donor countries of the Development Assistance Committee (DAC) in 2001 was $20.2 trillion. Thus a transfer of 0.6 percent of donor income, amounting to $124 billion, would in theory raise all 1.1 billion of the world’s extreme poor to the basic-needs level. Notably, this transfer could be accomplished within the 0.7 percent of the GNP target of the donor countries. That transfer would not have been possible in 1980, when the numbers of the extreme poor were larger (1.5 billion) and the incomes of the rich countries considerably smaller. Back in 1981, the total income gap was around $208 billion (again, measured in 1993 purchasing power prices) and the combined donor country GNP was $13.2 trillion. Then it would have required 1.6 percent of donor income in transfers to raise the extreme poor to the basic-needs level.

Obama is also directing the U.S. government to invest billions of dollars in solar and wind energy. In addition, he is using bailout leverage to compel the Detroit auto companies to build small, “green” cars, even though no one in the government has investigated whether consumers are interested in buying small, “green” cars—the Obama administration just believes they should. All these measures, Obama recognizes, are expensive. The cap and trade legislation is estimated to impose an $850 billion burden on the private sector; together with other related measures, the environmental tab will exceed $1 trillion. This would undoubtedly impose a significant financial burden on an already-stressed economy. These measures are billed as necessary to combat global warming. Yet no one really knows if the globe is warming significantly or not, and no one really knows if human beings are the cause of the warming or not. For years people went along with Al Gore’s claim that “the earth has a fever,” a claim illustrated by misleading images of glaciers disappearing, oceans swelling, famines arising, and skies darkening. Apocalypse now! Now we know that the main body of data that provided the basis for these claims appears to have been faked. The Climategate scandal showed that scientists associated with the Intergovernmental Panel on Climate Change were quite willing to manipulate and even suppress data that did not conform to their ideological commitment to global warming.3 The fakers insist that even if you discount the fakery, the data still show.... But who’s in the mood to listen to them now? Independent scientists who have reviewed the facts say that average global temperatures have risen by around 1.3 degrees Fahrenheit in the past 100 years. Lots of things could have caused that. Besides, if you project further back, the record shows quite a bit of variation: periods of warming, followed by periods of cooling. There was a Medieval Warm Period around 1000 A.D., and a Little Ice Age that occurred several hundred years later. In the past century, the earth warmed slightly from 1900 to 1940, then cooled slightly until the late 1970s, and has resumed warming slightly since then. How about in the past decade or so? Well, if you count from 1998, the earth has cooled in the past dozen years. But the statistic is misleading, since 1998 was an especially hot year. If you count from 1999, the earth has warmed in the intervening period. This statistic is equally misleading, because 1999 was a cool year. This doesn’t mean that temperature change is in the eye of the beholder. It means, in the words of Roy Spencer, former senior scientist for climate studies at NASA, that “all this temperature variability on a wide range of time scales reveals that just about the only thing constant in climate is change.”4

These senators and representatives call themselves “leaders.” One of the primary principles of leadership is that a leader never asks or orders any follower to do what he or she would not do themselves. Such action requires the demonstration of the acknowledged traits of a leader among which are integrity, honesty, and courage, both physical and moral courage. They don’t have those traits nor are they willing to do what they ask and order. Just this proves we elect people who shouldn’t be leading the nation. When the great calamity and pain comes, it will have been earned and deserved. The piper always has to be paid at the end of the party. The party is about over. The bill is not far from coming due. Everybody always wants the guilty identified. The culprits are we the people, primarily the baby boom generation, which allowed their vote to be bought with entitlements at the expense of their children, who are now stuck with the national debt bill that grows by the second and cannot be paid off. These follow-on citizens—I call them the screwed generation—are doomed to lifelong grief and crushing debt unless they take the only other course available to them, which is to repudiate that debt by simply printing up $20 trillion, calling in all federal bills, bonds, and notes for payoff, and then changing from the green dollar to say a red dollar, making the exchange rate 100 or 1000 green dollars for 1 red dollar or even more to get to zero debt. Certainly this will create a great international crisis. But that crisis is coming anyhow. In fact it is here already. The U.S. has no choice but to eventually default on that debt. This at least will be a controlled default rather than an uncontrolled collapse. At present it is out of control. Congress hasn’t come up with a budget in 3 years. That’s because there is no way at this point to create a viable budget that will balance and not just be a written document verifying that we cannot legitimately pay our bills and that we are on an ever-descending course into greater and greater debt. A true, honest budget would but verify that we are a bankrupt nation. We are repeating history, the history we failed to learn from. The history of Rome. Our TV and video games are the equivalent distractions of the Coliseums and circus of Rome. Our printing and borrowing of money to cover our deficit spending is the same as the mixing and devaluation of the gold Roman sisteri with copper. Our dysfunctional and ineffectual Congress is as was the Roman Senate. Our Presidential executive orders the same as the dictatorial edicts of Caesar. Our open borders and multi-millions of illegal alien non-citizens the same as the influx of the Germanic and Gallic tribes. It is as if we were intentionally following the course written in The History of the Decline and Fall of the Roman Empire. The military actions, now 11 years in length, of Iraq and Afghanistan are repeats of the Vietnam fiasco and the RussianAfghan incursion. Our creep toward socialism is no different and will bring the same implosion as socialism did in the U.S.S.R. One should recognize that the repeated application of failed solutions to the same problem is one of the clinical definitions of insanity. * * * I am old, ill, physically used up now. I can’t have much time left in this life. I accept that. All born eventually die and with the life I’ve lived, I probably should have been dead decades ago. Fate has allowed me to screw the world out of a lot of years. I do have one regret: the future holds great challenge. I would like to see that challenge met and overcome and this nation restored to what our founding fathers envisioned. I’d like to be a part of that. Yeah. “I’d like to do it again.” THE END PHOTOS Daniel Hill 1954 – 15

I was always busy going into these meetings, with lots of things to do, but my time with Bill always gave me a sense of perspective. That whatever I was doing was important, but he showed me that what really matters at the end of the day is how you live your life and the people in your life. It was always a lovely reset.

sometimes decisions come up and people have to give up things. I overindex on those signals when people give something up.fn3 And also when someone is excited because something else is working well in the company. It isn’t related to them, but they are excited. I watch for that. Like when you see a player on the bench cheering for someone else on the team, like Steph Curry jumping up and down when Kevin Durant hits a big shot. You can’t fake that.”fn4

An important point: trust doesn’t mean you always agree; in fact, it makes it easier to disagree with someone.

The GOP passed a tax bill that is performing exactly as expected and predicted: A handful of hedge funds, America’s top corporations, and a few dozen billionaires were given a trillion-dollar-plus tax benefit. Even the tax cut’s most fervent proponents know that its effects were short-lived, the bill is coming due, and in 2022 or thereabouts it’s going to lead to annual deficits of close to $2 trillion. When the bubble pops, the correction hits, and Wall Street investment firms and banks go tango uniform, Trump will bail them out before you can say “golden parachute.” The “average guy with a 401k” who is going to get crushed in the next drop? Not so much.

Switching from beef to “white meat” such as pork or chicken could cut health costs by $1 trillion a year, significantly lower GHG emissions, and greatly reduce the pressure to find new agricultural land.13 Plant-based food is now a $4.5 billion business14 and could be an $85 billion industry by 2030.15 Wheat farmers in the Netherlands, Germany, and the United Kingdom reap more than four times the harvest from the same area of land as farmers in Russia, Spain, and Romania.16 Yields in much of Africa are even lower. Quadrupling food production is probably an unrealistic goal, but a number of pilot projects suggest that doubling yields—even in the face of climate stress—is eminently possible.17 About a third of all the food that is produced globally is lost—to pests or spoilage in the supply chain or as consumer waste. Preventing just a quarter of this loss could feed nearly a billion people a year, save nearly a quarter of a trillion dollars, and significantly reduce global GHG emissions.18

over the last 16 years, we have spent trillions of dollars on wars when we could have been investing that money productively.

Several studies have found that child poverty costs the United States about $ 1 trillion each year in increased health, crime, prison and welfare spending as well as in reduced earnings. That’s about $ 8,000 per household annually. Most researchers find that each dollar invested in reducing child disadvantage would save the country at least $ 7.

The one market that seemed to be guaranteed for oil for a very long time was transportation and, specifically, the automobile. No longer, not on the “Roadmap” to the future. For oil now faces a sudden challenge from the New Triad: the electric car, which uses no oil; “mobility as a service,” ride-hailing and ride-sharing; and cars that drive themselves. The result could be a contest for dominance in a new trillion-dollar industry: “Auto-Tech.

American intelligence knew little about Iraq, and much of what it knew was wrong. The CIA didn’t begin to imagine that Saddam could be overthrown and then operate from underground, nor did it foresee the insurgency that followed, and the ripple effect of that fighting, inspiring jihadists across the Middle East and North Africa. The consequences of that ignorance have been immense. Roughly half a million people have died, including fifteen thousand American combatants and contractors, in the name of the war on terror. Estimates of the financial toll run from $3 trillion to $6 trillion; in today’s dollars, World War II cost about $4 trillion. And in Iraq, the only winners of the war have been Iran, whose military commanders gained political power and prestige in Baghdad while working with jihadists to kill American troops, and Russia, which has forged a regional alliance of convenience with the Iranians.

5 MILLION PEOPLE need to change the conversation about what retirement looks like. It is not about trillions of dollars of superannuation or squillions of dollars in travel spending like the newspapers tell us. It’s about real people living the best years of their lives in happiness and comfort and understanding how their finances work.

In the Global Financial Crisis of 2008, it seemed at first that Europe could dodge the blow that was hitting the United States. The unspoken reality was that in the 6 months after September 2008 European governments had to quietly spend 3 trillion dollars to bail out their troubled banks. In the case of the periphery countries, the main problem came from the abrupt departure of capital that up till then had been flowing in abundance to finance expansion plans. In the case of the strong countries’ banks, the travails came from their excessive exposure to sub-prime investments. The ensuing recession, plus the effort to rescue the banks, put several countries in a vulnerable situation. This was more apparent after the financial markets became jittery on discovering the magnitude of the Greek problem.

In a recent article, Zuboff exposes this hoax of free services in her powerful voice: We celebrated the new digital services as free, but now we see that the surveillance capitalists behind those services regard us as the free commodity. We thought that we search Google, but now we understand that Google searches us. We assumed that we use social media to connect, but we learned that connection is how social media uses us. …We’ve begun to understand that “privacy” policies are actually surveillance policies.… The Financial Times reported that a Microsoft facial recognition training database of 10 million images plucked from the internet without anyone’s knowledge and supposedly limited to academic research was employed by companies like IBM and state agencies that included the United States and Chinese military.… ….Privacy is not private, because the effectiveness of these and other private or public surveillance and control systems depends upon the pieces of ourselves that we give up—or that are secretly stolen from us.5 The private flow of data from consumer to machine also promotes the transfer of human agency from humans to machines. The data that surveillance companies capture is their source of power and is the fuel for the new economy of trillions of dollars. Zuboff has called this a “bloodless coup from above” and warns of a growing gap between “what we know and what is known about us”.6 By figuring out the cognitive comfort zones for individuals, AI-driven systems can deliver emotional and psychological needs, thus gradually

More than 86 percent of total healthcare dollars are spent on chronic disease in the United States, where $1 out of every $5 spent is on healthcare.10 That’s $4 trillion, rising at more than 6 percent per year—a rate that will be impossible to fund if it continues for even fifteen years.

Can our current system be adapted to the new disease paradigm? That’s doubtful—and it probably won’t take you four trillion guesses to figure out why. Four trillion dollars a year is a lot of money. And although the way it’s being spent isn’t good for most peoples’ health, it has contributed to profitability for some medically oriented constituencies.

To click or not to click, that's the trillion dollar mental health question in the internet age.

Amazon follows the same fail-faster religion. Jeff Bezos, founder of the trillion-dollar e-commerce platform, sent the following memo to his shareholders when the company became the fastest ever to reach annual sales of $100 billion: One area where I think we are especially distinctive is failure. I believe we are the best place in the world to fail (we have plenty of practice!), and failure and invention are inseparable twins. To invent you have to experiment, and if you know in advance that it’s going to work, it’s not an experiment. Most large organisations embrace the idea of invention, but are not willing to suffer the string of failed experiments necessary to get there. Outsized returns often come from betting against conventional wisdom, and conventional wisdom is usually right. Given a 10 per cent chance of a 100 times payoff, you should take that bet every time. But you’re still going to be wrong nine times out of ten. We all know that if you swing for the fences, you’re going to strike out a lot, but you’re also going to hit some home runs. The difference between baseball and business, however, is that baseball has a truncated outcome distribution. When you swing, no matter how well you connect with the ball, the most runs you can get is four. In business, every once in a while, when you step up to the plate, you can score 1,000 runs. This long-tailed distribution of returns is why it’s important to be bold. Big winners pay for so many experiments.

But scamming large amounts of money off the top seems even harder to catch. Fraud by American defense contractors is estimated at around $100 billion per year, and they are relatively well behaved compared to the financial industry. The FBI reports that since the economic recession of 2008, securities and commodities fraud in the United States has gone up by more than 50 percent. In the decade prior, almost 90 percent of corporate fraud cases—insider trading, kickbacks and bribes, false accounting—implicated the company’s chief executive officer and/or chief financial officer. The recession, which was triggered by illegal and unwise banking practices, cost American shareholders several trillion dollars in stock value losses and is thought to have set the American economy back by a decade and a half. Total costs for the recession have been estimated to be as high as $14 trillion—or about $45,000 per citizen. Most tribal and subsistence-level societies would inflict severe punishments on anyone who caused that kind of damage.

In 2009, an American soldier named Bowe Bergdahl slipped through a gap in the concertina wire at his combat outpost in southern Afghanistan and walked off into the night. He was quickly captured by a Taliban patrol, and his absence triggered a massive search by the US military that put thousands of his fellow soldiers at risk. The level of betrayal felt by soldiers was so extreme that many called for Bergdahl to be tried for treason when he was repatriated five years later. Technically his crime was not treason, so the US military charged him with desertion of his post—a violation that still carries a maximum penalty of death. The collective outrage at Sergeant Bergdahl was based on very limited knowledge but provides a perfect example of the kind of tribal ethos that every group—or country—deploys in order to remain unified and committed to itself. If anything, though, the outrage in the United States may not be broad enough. Bergdahl put a huge number of people at risk and may have caused the deaths of up to six soldiers. But in purely objective terms, he caused his country far less harm than the financial collapse of 2008, when bankers gambled trillions of dollars of taxpayer money on blatantly fraudulent mortgages. These crimes were committed while hundreds of thousands of Americans were fighting and dying in wars overseas. Almost 9 million people lost their jobs during the financial crisis, 5 million families lost their homes, and the unemployment rate doubled to around 10 percent. For nearly a century, the national suicide rate has almost exactly mirrored the unemployment rate, and after the financial collapse, America’s suicide rate increased by nearly 5 percent. In an article published in 2012 in The Lancet, epidemiologists who study suicide estimated that the recession cost almost 5,000 additional American lives during the first two years—disproportionately among middle-aged white men. That is close to the nation’s losses in the Iraq and Afghan wars combined. If Sergeant Bergdahl betrayed his country—and that’s not a hard case to make—surely the bankers and traders who caused the financial collapse did as well. And yet they didn’t provoke nearly the kind of outcry that Bergdahl did. Not a single high-level CEO has even been charged in connection with the financial collapse, much less been convicted and sent to prison, and most of them went on to receive huge year-end bonuses. Joseph Cassano of AIG Financial Products—known as “Mr. Credit-Default Swap”—led a unit that required a $99 billion bailout while simultaneously distributing $1.5 billion in year-end bonuses to his employees—including $34 million to himself. Robert Rubin of Citibank received a $10 million bonus in 2008 while serving on the board of directors of a company that required $63 billion in federal funds to keep from failing. Lower down the pay scale, more than 5,000 Wall Street traders received bonuses of $1 million or more despite working for nine of the financial firms that received the most bailout money from the US goverment.

PERMISSION TO BE EMPATHETIC LEADING TEAMS BECOMES A LOT MORE JOYFUL, AND THE TEAMS MORE EFFECTIVE, WHEN YOU KNOW AND CARE ABOUT THE PEOPLE.

America’s laws have not been updated to track the changes in America’s monopoly landscape. Our Congress refuses to do it. Our enforcement tools are getting rusty. Our competition enforcers don’t have enough resources to effectively take on multibillion-dollar, much less trillion-dollar, companies. And America’s courts are increasingly populated by conservative judges, including on the U.S. Supreme Court, who interpret the antitrust laws so narrowly that their decisions have created a dampening effect on the ability of the government and private plaintiffs to litigate antitrust claims.

threat, as well as a trillion-dollar biotechnology industry that keeps coming up with new ways to scare us.

With the soon-to-be trillion dollar per year pornography industry that can be accessed at the click of a smart phone, it is easy to see that we truly are living in a perverse generation. If left to our own devices, where our opinion matters more than the Word of God, what will become of humanity?

Recalling his research, Helicopter Ben was focused on a system-wide credit crunch, not the failure of individual firms. That frame gave him an idea. He would buy the toxic-sludge assets from the banks, taking them off their balance sheet. Then, the banks could use those fresh, clean dollars to lend—pumping capital into the system. Between 2008 and 2015, the Fed’s balance sheet soared from $900 billion of mostly high-quality Treasury notes to $4.5 trillion of largely risky assets. And it worked. The financial crisis was painful, but the system did not collapse. Bernanke’s framing, imbued with causal understanding, allowed him to see the economy in a way that others did not. Even amid market uncertainty, the system can be understood by human reason, predicted with human foresight, and controlled by human hand.

General Electric was the largest company in the world in 2004, worth a third of a trillion dollars. It had either been first or second each year for the previous decade, capitalism’s shining example of corporate aristocracy. Then everything fell to pieces. The 2008 financial crisis sent GE’s financing division—which supplied more than half the company’s profits—into chaos. It was eventually sold for scrap. Subsequent bets in oil and energy were disasters, resulting in billions in writeoffs. GE stock fell from $40 in 2007 to $7 by 2018. Blame placed on CEO Jeff Immelt—who ran the company since 2001—was immediate and harsh. He was criticized for his leadership, his acquisitions, cutting the dividend, laying off workers and—of course—the plunging stock price. Rightly so: those rewarded with dynastic wealth when times are good hold the burden of responsibility when the tide goes out. He stepped down in 2017. But Immelt said something insightful on his way out. Responding to critics who said his actions were wrong and what he should have done was obvious, Immelt told his successor, “Every job looks easy when you’re not the one doing it.

The US’s having a federal debt of $19 trillion or $190 trillion is actually only as relevant as its position in the global power hierarchy. The US will never default as long as it remains a global empire, and all major nations buying US bonds know this deep down. The US can just make it up by way of its central bank, the Federal Reserve, which extends to a financial system with great global power, also ensuring the power of the US dollar. If debts are in dollars, the US simply makes more. Although people often argue that the US is in debt to a private banking cartel (its central bank) and that is a problem in itself, it is really irrelevant in the broad view. The whole thing is mostly a sleight-of-hand arrangement that lets the US government borrow endlessly while the banking system gets special political treatment. No one in the US government and its central bank cartel really cares about US government debt because money is made out of thin air. They only care about public regulation and public perception, not government spending or government debt. In the words of former Federal Reserve Chairman Alan Greenspan: “The United States can pay any debt it has because we can always print money to do that. So there is zero probability of default.”51

Why do you think Apple can become the first trillion dollar company in history, not because they can innovate, but because they can abuse the shallowness and vanity of the masses.

Indeed, under the guise of the coronavirus pandemic, the Democratic Party has widely expanded the scope and reach of the welfare state, not only doling out trillions of dollars to shore up its political and ideological base, but also ensnaring an ever-larger pool of individuals to government subsidies and transfer payments. The educational transformation has led, in many ways, to the societal transformation intended by the early progressive intellectuals.

On March 27, 2020, Congress passed the CARES (Coronavirus Aid, Relief, and Economic Security) Act, an almost inconceivably large trillion-dollar rescue package (we could establish a colony on Mars for less money).

Some of that anger I understood, even if I considered it misdirected. Many of the working- and middle-class whites gravitating to the Tea Party had suffered for decades from sluggish wages, rising costs, and the loss of the steady blue-collar work that provided secure retirements. Bush and establishment Republicans hadn’t done anything for them, and the financial crisis had further hollowed out their communities. And so far, at least, the economy had gotten steadily worse with me in charge, despite more than a trillion dollars channeled into stimulus spending and bailouts. For those already predisposed toward conservative ideas, the notion that my policies were designed to help others at their expense—that the game was rigged and I was part of the rigging—must have seemed entirely plausible.

it was when AOC joined forces with Sunrise that the group’s Green New Deal really gained momentum. Along with her cosponsor in the Senate, Edward J. Markey, a Democrat from Massachusetts, AOC introduced the ridiculous resolution to Congress. If you’re not familiar with the details of the proposal, allow me to give you some of the high points. First off, it would cost US taxpayers almost $100 trillion dollars—$93 trillion to be precise, since I’ve stumped a lot on it. That’s trillion with a t. To put that number into perspective, the US government has annual revenues of about $6 trillion. So AOC and her socialist pals want to spend what would be the equivalent of about fifteen years of the US government’s revenue to stop cows from farting, eliminate air travel, build an underground tunnel from California to Hawaii, and fund people who don’t want to work.

The trillion-dollar question is whether tech can disperse our workforce without reducing a culture of innovation and productivity.

Trust is a multifaceted concept, so what do we mean by it? One academic paper defines trust as “the willingness to accept vulnerability based upon positive expectations about another’s behavior.

Listen, it was the fucking Millennials that got persuaded by the boomers to carry out their traditional war every hundred years or so. The Millennials started a civil war but the Gen Z were supposed to stop them. Ever since the internet got cut off Gen Z were on withdrawal as if they were on Xanax. It was ridiculous.

I was told data compression was the way to go about things, in order to understand space. So I went with DNA, but it's more like the software of the human body than it is the engineering part of it. What do you think? Is DNA Software?

Listen, has nobody told you? If you want to give someone a proper thank you, you must buy them a Hotdog with Cola. In my case, I also want three burgers and fries to go with that.

What's this? A bartender's held back secrets? I just want to turn my luck around man, to have an escape like smoking weed, but instead of weed-" "Instead of weed, you want to be glued to your phone all day, is that what you mean? Yeah, there's plenty of people like that, we call them nerds." "I will not become a nerd, I promise.

Now I'm going to tell you why the chicken doesn't mess with the donkey, when the donkey is dancing." -Fleet Gannon.

I didn't know that, but don't you think you are speculating too much? In today's era, women have responded to men to survive." "IT HAS ALWAYS BEEN ABOUT SURVIVAL.

Boss, with this amount of money I can get my oil changed seven thousand times.

Can you tell me why the mafia of Xert Paroneli is more concerned with you being alive than fighting against our tug-of-war?

Boss, the grass for this stupid cow has run out. Can we finally kill it and barbecue it.

Why? Oh, great mister, why do I always end in poverty? Taking so much shit from everyone. Where is my great destiny? Where is my lucky break? Am I always going to have to take garbage from the rich, without fulfilling my purpose? No fair, no fucking fair.