Friday, November 13, 2009

Under Valued Over Priced : People vs Pop Art

Andy Warhol's 1962 painting '200 One Dollar Bills' was recently sold at auction for  $43.7 million. That's about $218,500 per Dollar bill. Now lets put that along side our current national debt of $11.9 trillion and counting, which is equal to a value of $110,500 per citizen. Our current GDP is approx $12.3 trillion, or $88,788 per citizen. In other words we’re all contributing about $89,000 each towards paying off that national debt. Consequently the actual value of the Dollar we have in our pocket is worth about 80 cents. Although I’m not a mathematician.

 

Posted via web from Dollar ReDe$ign Project

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