G20 leaders commit $1 trillion to IMF   Leave a comment

World leaders agreed a trillion-dollar deal on Thursday @ G20, to combat the current global crisis.

trillion

Trillion. What a concept. Our government is going to spend, at one time (more later of course) nearly a trillion dollars. More as they have to borrow this money to spend, and of course you have to pay interest on the trillion. Exactly what is a trillion, it is a number so large as to have no meaning…

  • If they divide $1 trillion among every American … each person would get $3,271. ($1,000,000,000,000 / 305,702,054 (U.S. Population) = $3,271)
  • One trillion is 1,000,000,000,000 – 10 to the 12th power, or a thousand, thousand, thousand, thousand.
  • To put things in perspective, current estimates put the number of stars in the Milky Way at somewhere between 100 and 400 billion.
  • $1 trillion would be enough money to buy about a 1,000 boxes of Girl Scout cookies for every person in the United States.
  • A trillion barrels of oil would – at current consumption levels – fuel the world for about 33 years.
  • With $1 trillion, you could put 8.2 million students through a full four years of private college. That’s just slightly more than the population of New York City in the latest U.S. Census data.
  • With $1 trillion, a somewhat different fleet of motorized vehicles could be sent to the Middle East. The average U.S. price of a 2008 Toyota Corolla S, before taxes and fees, was $14,627, according to Automotive Information Center data on Yahoo.com. At that price, you could buy a new ’08 model for each of the almost 60 million people living in Afghanistan and Iraq.
  • A trillion dollar budget would cover the market values of Microsoft, Wal-Mart, Google, Coca-Cola, PepsiCo, Time Warner and Apple, according to February 2007 figures in Forbes magazine; and you would be left with more than $23 billion in change to pick up a few ‘smaller’ companies.
  • You could buy every major-league professional sports franchise (football, basketball, hockey and baseball) in North America for about $45 billion total, according to recent market values in Forbes magazine. Then, you could pay each of them for more than 100 years, if the players’ combined salaries held at 2006-’07 levels of about $9 billion.
  • The median salary for a family doctor in the United States is $144,719, according to Salary.com. With $1 trillion, you could hire 6.9 million general practitioners, or one for every 43 Americans.
  • With $1 trillion, you could buy slightly more than 3,000 Airbus A380 jets and some money left over for fuel.
  • If you had $1 trillion and you spent it at a rate of $1 per second, it would take you 31,709 years to go broke.

If you had $1 trillion, what would you do? Share your thoughts.

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Posted April 3, 2009 by Rajesh_Gandhi in action, g-20, global crisis, news, world

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