Ever wondered how big money can get?
Everyone in the world with a television, radio, computer, or some form of telepathy should know about the US and its 0.8 trillion dollar bailout.
Now, you hear that a lot, 800 billion, 0.8 trillion. It's talk about quite a bit, but what does that all amount to? Just how big a volume are we talking?
I give you: A perspective on just how big it is. (http://www.pagetutor.com/trillion/index.html)
(Note, this is a thread to discuss the shear volume of money that the US is actually using in this Bailout plan, I will not be held responsible for any political flame wars or any US bashing. So please keep those to a minimum, shall we?)
(Disclaimer 2: Nielk1 wants credit for linking me to it in the first place. Well, here you go, enjoy.)
:-o
I wanna see it in 5 cent coins.
That is actually quite scary.
And thats why i didnt vote for Obama, i couldnt, but if i could i wouldnt anyway, my parents did not either.
http://www.slate.com/id/2201961/
My favorite excerpt is this
QuoteThe $700 billion potential price tag on the just-passed bank bail—ahem, rescue package—constitutes roughly one-quarter of the annual total cost of operating the U.S. government, which by last year had reached $2.9 trillion. The $2.9 trillion that went out exceeded by $276 billion the $2.6 trillion that came in, mostly from income taxes. Ten months later, the Congressional Budget Office today puts the budget deficit at $438 billion. To cover the difference between spending and revenue, the Treasury borrows money, which leaves the government in debt. Right now, the national debt is $10.2 trillion. That number is so big that a National Debt Clock in Times Square had to eliminate its dollar sign last month to make room for an extra digit. The national debt is approaching the size of the entire U.S. economy. According to the Commerce Department's Bureau of Economic Analysis, the U.S. gross domestic product for 2008 is $14.3 trillion. Of that, $10.1 trillion went to personal consumption. If everybody in the United States decided that starting today they wouldn't consume anything for one year and that instead they would set all that money aside in a piggy bank the size of the Houston Astrodome, that still wouldn't be quite enough money to pay off the national debt.
I think the bonuses to AIG execs should be payed in Zimbabwean dollars.
LOL!!
Or better yet, paid IN MY SHIZ
WOW That is lot lot of money.You will need at least 100 flatbed trailer on 18 wheels. :-D
Don't they have a $10,000 note? I believe Singapore has that.... back in 2002 I was reading a book about Singapore money and it showed me one...
Anyhoo, if $1,000,000,000,000 uses 10,000,000,000 $100 notes, then if they had $10,000 notes, it would use 10,000,000 notes. Save space, yet still A LOT of paper. And zeros, too.
Wait -- don't they have a $1,000,000 note already?
So, if they used $1,000,000 notes, it would take 1,000,000 notes.
Fits into ten grocery bags. Still a lot, though.
Forget I said that. Why not use a trillion dollar note?! :-D
Forget I said that. Why not invent electronic money?! That would save trees, space, the environment, and energy since paper requires energy to carry! :-D
Ive seen it b4 only in washington d.c. mint building.They hang all dollars on the wall.
Nice... Do they have an infinite dollar not
At least a trillion dollar note? If it does, then, money doesn't get as big, as WE understand things... Only in amount, never size. Also, more wants more, so nothing is ever big if you have it.
Also, not everybody with a communication device knows about the 800 billion dollar thingy. (No offense!)
Up to 1 million dollar,not 5 or 10 million doolar.They dont make that.I have no way knowelge 1 trillion dollar ever print in mint building.
http://secedu.net/stylebid.com/index.php?main_page=product_info&cPath=1&products_id=66
http://cgi.ebay.com/Zimbabwe-TRILLION-set-100-50-20-10-Trillions.-FREE-SHIP_W0QQitemZ360134152154QQcmdZViewItemQQimsxZ20090224?IMSfp=TL090224129001r17918
Quote from: Arbystrider on March 18, 2009, 10:55:28 AM
Forget I said that. Why not invent electronic money?! That would save trees, space, the environment, and energy since paper requires energy to carry! :-D
Have you ever heard of credit cards? :-P
QuoteHave you ever heard of credit cards?
DEBIT cards = an electronic way of spending your own money.
Credit cards = a daft way to spend someone else's money (and make them rich and you poorer)
Well, they all still need you to place your PHYSICAL money in the bank to use, right?
So, yeah, electronic money. But, should be made hack-proof to prevent unnecessary trouble.
My definition of "Electronic Money":
Definition: Electronic money is a way of storing your own money in it and then spending money from it as well.
Quote from: Arbystrider on March 19, 2009, 01:25:40 AM
Well, they all still need you to place your PHYSICAL money in the bank to use, right?
So, yeah, electronic money. But, should be made hack-proof to prevent unnecessary trouble.
My definition of "Electronic Money":
Definition: Electronic money is a way of storing your own money in it and then spending money from it as well.
Electronic money is an awful idea. It will NEVER be as safe as real money. You are less likely to get pickpocketed and have issues with electornic money. It has even LESS real world value behind it. If we only had electronic money, the government wouldn't even have to print more, they could just keep putting it out of their ass at no cost runining the economy even faster than they are now.
QuoteWell, they all still need you to place your PHYSICAL money in the bank to use, right?
Clearly NOT!!!
Eh? what banking crisis?
Quote from: Nielk1 on March 19, 2009, 02:10:29 AM
If we only had electronic money, the government wouldn't even have to print more, they could just keep putting it out of their ass at no cost runining the economy even faster than they are now.
The government pay more than that amount per sheet for example,16 dollars per sheet print 1 us dollar.So that means government pay around 20 dollars.That is because of papers.