Invisible Flying Monkeys &
$70 Trillion of Debt
Let’s
say I’m President of the United States.
Let’s
say I send a letter to four countries with the greatest levels of
proven oil reserves*: Venezuela – 301 billion barrels, Saudi Arabia
– 266, Iran – 158, and Iraq – 142. (These four countries have
just over half of the world’s proven reserves). My letter says:
“All of your oil is now our
oil. We now own every last drop of it. Don’t resist. If you even
try to resist, you’ll be attacked by an army of invisible flying
monkeys who work for us for free. So don’t even think about it.”
Let’s
assume that every drop of that oil can be drilled and transported to
market at absolutely no cost. We’ll assume that our army of
invisible flying monkeys will take care of all of that.
Let’s
say that we sell every one of those barrels at market for $80/
barrel. (Which is above what it is selling for now, and is above
average for the last 20 years).
Well,
we’ll have just made
$69.5 Trillion – almost
enough to pay off the
total US Debt (the sum total for all government, personal, and
business debts).
Total
US Debt is on track
to top
$70 Trillion on April 22nd
2018 – Earth Day.
Let’s
review: we’ll pretend that we own half of the world’s oil; we’ll
pretend we can get it to market for free; and we’ll pretend that we
can sell it all in one instant for an above average price. With all
of that, we’ll be just shy of covering our nation’s debts.
So
what I’m saying is this: in 2020, vote Clueless Honky for
President!
At
least I have a plan!
*Excluding
Canada and her tar sands, which would be in 3rd
place with 170 billion barrels.
Real-Time
Debt Counter: www.usdebtclock.org/
Proven
Oil Reserves:
en.wikipedia.org/wiki/List_of_countries_by_proven_oil_reserves
