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So the US Government wants to buy up $1 trillion of “toxic assets.” Super! Our future was already mortgaged to the hilt. Thanks, Baby Boomers, you arrogant, narcissistic fuckwits. But I digress… Anyway, what exactly are we talking about here? A trillion here, a trillion there… but how much is a trillion dollars? Some clever guy (not me) decided to make some graphics to show you. So, without further ranting, here you go: Let’s start with a $100 dollar bill. It’s currently the largest US denomination in general circulation. They’re guaranteed to make friends wherever they go.
A packet of one hundred $100 bills is less than ½” thick and contains $10,000. It fits in your pocket and is more than enough for week of Scipio-approved fun.
Believe it or not, this next little pile is $1 million (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.
While a measly $1 million looked a little unimpressive, $100 million is more respectable. It fits neatly on a standard pallet.
And here’s $1 billion… which is really impressive.
Okay, so let’s look at one trillion dollars. It’s the number we’ve been hearing so much about. What is a trillion dollars? Well, it’s a million million. It’s a thousand billion. It’s a one followed by 12 zeros. Are you ready for this? It’s pretty surprising. Scroll down… Ladies and gentlemen, one trillion dollars!
(Did you notice that those pallets are double stacked?) So the next time you hear someone toss around the phrase “trillion dollars,” that’s what they’re talking about. And your great-grandkids are still gonna be paying it off… * I don’t know who created the graphics or wrote the original text, but they’re not mine. ** By the way, welcome to the new POD. I hope you like it.   (125 votes) |
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39 Responses to “$1 Trillion?”
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Welcome to the new Picture of the Day!
Feel free to comment, agree, object, rant, or whatever. Same rules as the Forum apply: act like grown-ups.
Otherwise, have fun.
- Nick
If you want a sense of what U.S. currency will look like in the near future, go to http://www.geocities.com/Vienna/5373/notgeld.htm
If you don’t understand this, go to http://www.associatedcontent.com/article/1581317/is_america_on_the_path_to_becoming.html
Of course, there was an up-side to it all: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1079945
You forget that thanks to ‘quantative easing’ that trillion dollars soon won’t be worth anything.
High inflation is brilliant if you’re in debt.
Lol.
The National Debt is over $11 trillion – over $36,000 for each taxpayer.
Here is another way to picture it.
http://www.mint.com/blog/finance-core/visualizing-one-trillion-dollars/
Very american pictures.
1 trillion US$ is also more than enough money to feed everyone in the world and make sure no child dies ever again of starvation. Now what would you prefer: More rich bankers or no starving childs?
Sure gives you perspective on how LARGE a trillion dollars is.
Our government sure has the idea that money grows on trees and now even the Chinese government is criticizing our spending habits. A communist country is criticizing OUR government style. A government that WANTS big governments.
US Congress as a WHOLE needs to be “rebooted” and restart with fresh new congress. They are out of touch and have no since of reality. One of the first rules is term limits.
Another thing to point out for reference of scale is that the number one trillion will not fit into a standard hand-held calculator. Most calculators will come up a full three digits short of a trillion. Who would ever need to calculate a number that big, right?
I did my own set of calculations…
I had 7 bills in my pocket (I assume that a $100 bill is the same thickness as a $1 or a $20.)
I stacked them and measured to come up with an average thickness of .004″ for one bill
Using that thickness and assuming $100 bills:
$10,000 is .4″ high
$1 million is 40″ high
$1 billion is 3,333 feet tall
$1 trillion is a stack that is 631 miles high (approximately the distance between Chicago and Philadelphia, PA) !!!!
Guess how much the United States would be worth if you liquidated every possession inside it? It’s well over 1 Quadrillion dollars, which is a Thousand Trillion. In essence, the government is handing out a loan based on .1% of our nations value. This is a trifling sum of money.
It’s people like Mr. Scipio that voted for Obama that
have me afraid (sniff) for my country.
If you thought Obama was going to be bad for the country,
why did you vote for him. (sniff, tears running down my face)
President Obama (sobbing uncontrollably now) is doing exactly what he said he would do.
Mr Scipio, in regards to your less than righteous indignation, you’re have to try harder.
I didn’t think he was going to be bad for the country, you sanctimonious jackass.
I think Congress is bad for the country. I think Socialism is bad for the country.
Mr. Beck, in regards to your less-than-intelligent sniveling, go fuck yourself.
Cheerfully,
Nick
But it is Tim Geithner’s plan to buy the toxic debt.
And as Obama’s Treasury Secretary serves at the favor of the President, not Congress.
You attack the policy but do not hold the man supporting the policy accountable.
Isn’t that less than intelligent?
What day was it the President of the United States got a check book? I’m rather certain, in the history of our form of government, the President only aproved of spending. Congress must instigate it before he can ever even sign a spending bill.
Contrary to what you seem to believe, socialism does not mean taxing the poor and distributing their tax money to the rich. A socialist would simply nationalize the (already broken) bank sector, instead of pouring more tax money into it.
But I agree: This is change you can believe in.
Socialism means taxing the rich and giving to the poor, regardless of their contribution to society. Socialism means forcing the public to pay for private losses. Socialism means no rewards for performance and no penalties for failure.
And perhaps the most damning thing I can say about Socialism…? No personal responsibility.
- Nick
“Socialism means no rewards for performance and no penalties for failure.
And perhaps the most damning thing I can say about Socialism…? No personal responsibility.”
No penalties for failure and no personal responsibility?
Maybe Mr Scipio could verify this with some Chinese business men involved with tainted milk supplies and
melamine in livestock and pet food. No wait, he can’t..
they are all dead from gunshots delivered at the order of the Socialist government.
How disingenuous.
Saying China is a “Socialist” country is like saying steak is a vegetarian food.
China is Free Market Communism. Free markets have consequences for failure. In America, the “consequences” are taxpayer-funded government bailouts.
My God!
What an incredible oxymoron!
Free Market Communism.
You are talking about the Peoples
Republic of China, correct?
The same nation the US government was
in talks for years about the Chinese governments
unwillingness to tie the value of its currency to
a Global standard.
The same government that owns sizable interests in every significant industry in the nation.
That is Free Market Communism?
Glenn,
Are you willfully ignorant, or just an argumentative fuckwit?
China is a Communist state with a free market economy.
- Nick
When your arguments have as many holes as swiss cheese,
I will respond.
Resorting to name calling is proof that the reverse is true.
Stating your premise over and over doesn’t make it reality.
Goodnight Mr Scipio.
GB
Sorry to burst your bubble, but China IS a free market Communism. Or a Totalitarian Capitalism. Whatever you want to call it. One thing is for sure, they are not Socialists.
THEY are even warning US against our socialist trends, and against weakening the dollar through careless purchasing of U.S. bonds.
It seems lately that China is a more Capitalist country than we are. They let banks fail. They let people go hungry. They let people go without healthcare. What a concept, right? And maybe you can chew on this for a while: Since 1978 when Deng Xiaoping introduced capitalist economic reform China has grown at 10% per year. Who says free markets don’t work??
I think you need to read up: http://www.answerbag.com/q_view/733561
and
http://anti-state.com/forum/index.php?board=1;action=display;threadid=21866
Good riddance, Mr. Beck.
- Nick
Breaking News; China calls for new global currency…
http://www.businessweek.com/ap/financialnews/D974G5780.htm
This makes me weep for our future as a great nation. King Banaian, an economist over at SCSU Scholars, has a fairly trenchant piece on the currently proposed budget. We are headed for the deficit to be 82% of our GDP in just 10 years.
Think about that. Even assuming we can grow the economy (no sure thing these days) that’s a staggering figure.
Maybe I’ll get to retire in my next life!
Ok picture but getting drunk when you catch your girlfriend cheating on you and then she tells everyone she left you because you’re an alcoholic.
The cause and problem was unregulated free markets and corrupt business men, Taking a few steps towords socialism to stop the bleeding doesn’t make us socialist.
Maybe we should have let the banks go backrupt who is to say I don’t claim to know that but I can tell you we are still a very long was away from being anything at all like a true socialist state. And the problem was Republican free market strategies that got us into this. Don’t ever forget that.
Sure. And we won’t forget the Democrats’ “No Unqualified Homeowner Left Behind” program either.
IOW, there’s enough blame to cover both parties in shit for a loooooooong time.
- Nick
I’m liking this new commenting feature. Free exchange of ideas is VERY American… name calling and all!
Indeed.
I’ve never been shy about calling a spade a spade… or a fuckwit a fuckwit.
Enjoy,
Nick
P.S. – And no, I don’t get bent out of shape if anyone calls me names. All’s fair in love and the internet, right?
Am I the only one who looked at these pictures and immediately thought of Dr Evil? “One Triiiiiiillion Dollars!”
Yes, you are!
Hey Nick.
This is a great presentation. Too bad there is NO WAY I could ever show it around at work because if anyone got curious and hit a back button, I am fired, for obvious reasons.
cut and paste into an email
here is a link that shows the same thing that is safer for work.
http://deliveriesgalore.com/2009/03/18/one-trillion-dollars/
We hate the communists
We hate the socialists
We hate congress
We hate the democrats
I’m not sure but I think we hate the republicans (geeze I hope we do)
Who do we like? And why?
Beautiful women, and Brew-meisters. I’ll let you figure out why.
Personally, I am for a little law that states that no current or former within the previous ten years senator or congressperson NOR any of their decedents would be eligible for election in any position higher than dogcatcher until all debt of the federal government has been completely paid off.
Others above noted the more than 11 trillion dollar debt by the previous president, who entered office with a surplus. Where was the uproar and concern about those dollars, more than ten times the amount pictured here?
You’re confusing debt and deficit. President Bush did indeed enter office with a budget surplus (where the government takes in more money than it spends, the opposite of deficit), but the country still had more than $5.6 trillion in debt. We never had a “surplus” of cash.
As to where was my uproar at the time? Well, I didn’t start the POD until 2004, and I spent the first few years goofing around with T&A (I generally stayed away from politics… generally).
My recent uproar is fairly well documented in the POD. Go look for it if you care to.
- Nick
I did a report for my principles of business class the other day, in which i quoted a U.S. Senator who accurately stated, “If you spend a million dollars a day since Jesus was born, you still wouldn’t have spent a trillion dollars.”
That kind of money numbs the mind of the lower middle class like myself.