I just borrowed $1 Trillion dollars from China and Saudi Arabia 50/50 each

I just borrowed $1 Trillion dollars from China and Saudi Arabia 50/50 each.

Starting this week, I am chartering helicopters in our top 20 cities and will be dumping $50 Billion dollars out the window in each of these cities.

Look up in the sky.

For each of the 35 million people, this is about $30,000 for each person to just reach up and grab.

Now, 90% of you will take that $3,000 and spend it right away. Maybe payoff a credit card, pay down a medical bill, pay for school or payback a friend or relative. Even if not in debt, that $3,000 will be spent before Christmas.

For the other 10% of you, most of you will buy stocks of the Fortune 100 who practice the most insidious form of tax overseas tax evasion. Essentially moving your money offshore.

So, $900 Billion will be spent by Christmas. This will turn over about 1.25x times and generate on the order of $1.2T of commerce that will be subject to payroll taxes, income taxes, and sales taxes. Altogether about 30% of this money will be collected by the state, local and federal governments, generating $360 Billion of new revenue - or enough to pay for the offshore tax evasion of the Top 25 companies in the USA, or 50% of the Department of Defense.

Why did China and Saudi Arabia loan me this money? I picked up the magic pen of congress since they were not using it, and went ahead and borrowed at our *30-year* rate of 3.7%, costing $37 Billion a year to collect $360B in taxes *today*.

You guys can thank me later.

Question for you. With $1 Trillion dollars from China and Saudi Arabia costing $37B a year in interest over 30 years - what would you buy? I suggested tossing it out of helicopters.

1) How about paying for true national health insurance? Oh, wait, that doesn't cost anything, as it would save us 10% of our GDP or about $1.2 Trillion a year.

2) Hmm, how about buying a moon station, mars station, and an L5 station? Hrms... that wouldn't cost that much, maybe $100B if you spend sloppy, and $25B if you give the money to Musk.

3) How about build enough wind farms to buy all of our electricity needs? Hrms, with a 2-4x of scaling costs savings we should be able to do it for $200-$500 Billion. Still lots of money left over...

4) Pay the tuition costs for every state college in the USA? That would be 500,000 people graduating a year, call it $10k each and that is just $5B a year. Shit, should be fucking a no brainer to add in $5B a year to the $3T federal budget.

Anyways, what would you do with $1 Trillion dollars at 3.7% interest?

Originally posted on Facebook on October 13, 2013.