It took over 300 years for the United States to spend its first Trillion Dollars, now it takes just a few months.
During the Global Financial Crisis, GFC, and again now during COVID19, we hear a Trillion Dollars used many times in relation to levels of debt and Government bail-outs. In Australia in recent times the value of all superannuation assets are estimated at three Trillion Dollars.
So how much is a Trillion Dollars/ Let’s try to put into some sort of perspective:
- We’ll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slightly fewer have owned them.
- A packet of one hundred $100 bills is less than 1/2″ thick and contains $10,000. It fits in your pocket easily.
- Believe it or not, this next little pile is $1 million dollars (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 a little more respectable. It fits neatly on one level of a standard pallet…
- And $1 BILLION dollars… now we’re really getting somewhere – ten pallets…
- Next we’ll look at ONE TRILLION dollars. This is that 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.
Yes”, the pallets are double stacked, roughly the size of a football field and “No”, the man (bottom left hand corner) has not shrunk. However, we did have to shrink the size of the diagram so it could fit on the page!
So next time you hear the figure of One Trillion Dollars used, you will have some idea just how much that is.
Source: GlobalResearch