Was reading this great article about capital flight. But then I see in the comments something that has confirmed my fears about the youth in this country;
They don't bleeping know the bleeping difference between a billion, a million and a trillion.
Of course this makes sense because I really believe most people who vote for Barack Obama, let alone still support him today, probably don't know the severity or the weight of annual and perpetual trillion dollar plus deficits.
This Encuero idiot ACTUALLY BELIEVES taking "half a billion" and spreading it across the 455 million Americans (did we all just start making with the hanky panky here to magically boost our population by a full third in the past year????) will result in an additional 455 million MILLIONAIRES.
he's so stupid he doesn't realize the real math would be that you would have simply given 455 million people a whopping....
In other words ladies and gentlemen, how on god's great earth can you fight this ignorance?
one of the biggest problems I face when teaching finance and economic seminars, or even having political discussions or debates, is the herculean task of;
1. Convincing people they are wrong
2. Deconstructing their erroneous beliefs and showing them why they were wrong
3. Teaching them how things work in the real world.
But when you've been believing something for 45 years and never bothered to figure out how it works or to confirm it whether to be true (let alone be so effing stupid you don't know the difference between a million and a billion), it becomes pointless. It becomes sheer futility.
So just stop trying to convince people. They'll find out soon enough what the difference between a billion and a trillion is when we have to use truckloads of dollars to buy a loaf of bread.