I saw this today and had to share the awesomeness. I was a zero. I came to grips with it in 9th grade when my girlfriend said c'ya. Because I didn’t play in the big game Friday night? Because I’d rather spend a Saturday on a launch ramp trying to pull backsides? Probably both, me… a zero. Back then I thought zeros were bad. Turns out the more zeros you parade the bigger and badder your story really is. Twelve zeros is the latest craze as federal spending grows faster than revenues and deficits drive debt higher and faster. So, what does a trillion look like and what comes next? First: When trillion becomes old school, what will replace it? A Tale Of Many Zeros This is US, in the UK we double the previous stage ie. 1,000 thousand, 1,000,000 million, 1000,000,000,000 Trillion and so on... Next: How do a trillion cool ones stack up? The illustration starts with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slightly fewer have owned them. Benji’s are certain to make friends wherever they go. A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000. 100 burritos can fit in your pocket easily and is more than enough for week or two of shamefully decadent fun. Believe it or not, this next little pile is $1 million worth of bills (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 in bread is a bit more respectable. It fits neatly on a standard pallet... And 1 billion bux... now we're getting somewhere... And finally.. $1 trillion dollars… In quantity this is approximately how many "£" bills the UK owes in debt. Just a quick FYI the US national debt is 14 TIMES this! Notice the pallets are double stacked. ...and remember those are $100 bills. The next time you hear someone toss around the phrase "trillion dollars"... that's what they're talking about.
When it was legal tender, it was something retarded like 170,609,666,231.26 GBP. Sadly, it's now worth roughly three quid off eBay. You can get stacks of 100 of them for about £50, too. It's utterly insane.
Its pretty weird seeing it like that tbh just in sheer ammount of slabs of cash.. as for the zimbabwe 100 trillion dollar note am I the only one that wants on? just so its in your wallet to show off that by a technicallity you are in fact a trillionaire?
nah, walk around with a fat roll of them, rubber banded gangsta style and pretend you're the richest person on earth. then hand them out to cute persons like its your business card.
With a working population of ~30 million, that's about $30k per employed person, or a few of years or so just from income taxes alone... which isn't that bad if they don't increase debt too much further America are a bit worse, they work out to about $100k per taxpayer they've still got a long way to go before they've devalued their dollar as much as zimbabwe but considering the way america likes to just destroy everything, I guess anything is possible
Not so long ago that wouldnt have even been a trillion - it took a good couple of decades for the rest of the world to adopt the american measure of a trillion rather than the mathmatically correct version (1 million million = billion, 1 billion billion = trillion.....just as 1 thousand thousand = million). Personally I think the americans should have adopted what the rest of the world uses, but when the world biggest economy wants to look even bigger....
Despite a fairly decent education I still find myself utterly confused by national debt. It seems that every country in the world has a colossal national debt mounting up so my question is, who the **** is it all owed to? Is there some country we don't hear about much which is a state of pure luxury from nothing more than interest payments from everyone else? Seeing as everyone, everywhere seems to be suffering with this huge national debt problem why doesn't everyone balance the whole lot out? I can't help but think that the only reason this doesn't happen is that the USA wouldn't come out too well from it and as such would do everything to prevent it happening.
What I don't really understand is, despite our huge national debt, we keep spending billions on foreign aid (and more and more each year it seems) to countries with only a fraction of our own debt, like China. I know it's all about politics and in part driven by EU targets, but I always think it seems a bit strange to be giving out handouts when you have no money yourself, especially when the countries you're giving it to don't really 'need' it.
That's what I don't get, how can every country owe every other country massive amounts. Surely there is then no debt as it all balances out. And, @aid thing, I don't see why we keep doing this. Places like Africa, where they want us to donate money to bring water and food and what not. Why can't these people live anymore, the tribes out there survived fine. If we keep handing out money, they'll become even less likely to become self dependent, and we'll just waste more and more money.