Thanks to Colin Henderson at The Bankwatch for posting this video, which I'm re-posting here:
It's a great news item that puts the current stimulus packages into context.
For example, it picks up on Bill Clinton announcing a $30 billion stimulus package in 1993. Back then, that was a big number.
Only last year, George W. signed off on a $168 billion stimlus package. Back then, that was a big number.
Now, everyone's saying a trillion here and a trillion there.
How much is $1 trillion?
Well, put back to back, one trillion $1 bills would reach a third of the way to the Moon.
And, if you lived for over 2,000 years, and spent $1 million every day since Jesus was born, you'd still have a lot of change left. Over $250 billion worth in fact.
A trillion is a lot.
A real lot.
What happens next?
Million = 106
Billion = 109
Trillion = 1012
Quadrillion = 1015
Quintillion = 1018
Hexillion = 1021
Heptillion = 1024
Octillion = 1027
Nonillion = 1030
Decillion = 1033
Unodecillion = 1036
Duodecillion = 1039
Gazillion ... absolutely humongous!
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...