European Bailout Infographic: Presenting The Truckloads Of Cash Needed To Rescue The Insolvent PIIGS
...No, literally truckloads. Our friends at demonocracy.info have been kind enough to
put together an infographic that explains the European bailout in simple, visual
terms, that even the most innocent of FTL truckers can grasp without much
exertion, for the simple reason that it shows all the bailouts amounts in terms
of trucks of cash. And here is the kicker: one would need a 13 lane
highway, filled with trucks bumper to bumper, stretching for about 3 kilometers
to represent the €2.91 trillion in total amounts owed by the PIIGS and their
citizens (whether voluntarily or not... actually make that
involuntarily) to Europe's largest banks. What is most frightening is what is
not shown: just how it is that the world's central banks are keeping all of
these banks propped up. Because sooner or later all this money will be
discovered to have been fatally misallocated. Then the real bailout cost will
become all too evident, and just like in the US, it will be in the double digit
trillions. Which means the metaphorical highway of trucks full of cash will
stretch on for kilometers and kilometers and so on (or miles, for the naive
US-based truckers). But since that day is in the future, there is no reason to
worry about it.
From Demonocracy.info

From Demonocracy.info

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