Sunday, April 5, 2009

The Size of Money (Part 2)

Trillions of dollars aside, think of the mere lowly million – a pile of cash you could carry in a grocery bag. How would having a million dollars change your life? Would you, as the Barenaked Ladies suggest, start buying fancy Dijon ketchup? Perhaps not – but you might take them up on another of their suggestions – buying a new car.

Which brings us to the following ditty making the rounds on the web: A letter from a reader of the St. Petersburg Times responding to the newspaper’s solicitation of ideas for “How Would You Fix the Economy?”

“There's about 40 million people over 50 in the work force - pay them $1 million apiece severance with stipulations.
1) They leave their jobs. Forty million job openings - Unemployment fixed.
2) They buy NEW American cars. Forty million cars ordered - Auto Industry fixed.
3) They either buy a house or pay off their mortgage - Housing Crisis fixed.
Like I have been saying, they are bailing out the wrong people.”

At first blush, it’s seems so reasonable – even though it’s pretty obvious that the writer is over 50. But if you do the math, you find out that 40 million million is 400 trillion. So we’re back to the “t” word again.

Let’s just stick with the Barenaked Ladies and fantasize. Enjoy their lyrics:

“If I had a million dollars
(If I had a million dollars)
I'd buy you a house
(I would buy you a house)
If I had a million dollars
(If I had a million dollars)
I'd buy you furniture for your house
(Maybe a nice chesterfield or an ottoman)
And if I had a million dollars
(If I had a million dollars)
Well, I'd buy you a K-Car
(A nice Reliant automobile)
If I had a million dollars
I'd buy your love

If I had a million dollars
I'd build a tree fort in our yard
If I had million dollars
You could help, it wouldn't be that hard
If I had million dollars
Maybe we could put like a little tiny fridge in there somewhere
You know, we could just go up there and hang out
Like open the fridge and stuff
There would already be laid out foods for us
Like little pre-wrapped sausages and things
They have pre-wrapped sausages but they don't have pre-wrapped bacon
Well, can you blame 'em
Uh, yeah

If I had a million dollars
(If I had a million dollars)
Well, I'd buy you a fur coat
(But not a real fur coat that's cruel)
And if I had a million dollars
(If I had a million dollars)
Well, I'd buy you an exotic pet
(Yep, like a llama or an emu)
And if I had a million dollars
(If I had a a million dollars)
Well, I'd buy you John Merrick's remains
(Ooh, all them crazy elephant bones)
And If I had a million dollars
I'd buy your love

If I had a million dollars
We wouldn't have to walk to the store
If I had a million dollars
Now, we'd take a limousine 'cause it costs more
If I had a million dollars
We wouldn't have to eat Kraft Dinner
But we would eat Kraft Dinner
Of course we would, we’d just eat more
And buy really expensive ketchups with it
That’s right, all the fanciest ke... Dijon ketchups!
Mmmmmm, Mmmm-Hmmm

If I had a million dollars
(If I had a million dollars)
Well, I'd buy you a green dress
(But not a real green dress, that's cruel)
And if I had a million dollars
(If I had a million dollars)
Well, I'd buy you some art
(A Picasso or a Garfunkel)
If I had a million dollars
(If I had a million dollars)
Well, I'd buy you a monkey
(Haven't you always wanted a monkey?)
If I had a million dollars
I’d buy your love

If I had a million dollars, If I had a million dollars
If I had a million dollars, If I had a million dollars
If I had a million dollars
I'd be rich”

Saturday, April 4, 2009

The Size of Money (Part 1)

Now that we got this here depression on, a lot of us are spending more time thinking about money than spending time spending it like we used to. And thinking about money can be scary. Here, in Part 1 of our series about the size of money, let us examine (courtesy of www.pagetutor.com) just how many bills it takes to make a trillion dollars.

All this talk about "stimulus packages" and "bailouts"...

A billion dollars...

A hundred billion dollars...

Eight hundred billion dollars...

One TRILLION dollars...

What does that look like? I mean, these various numbers are tossed around like so many doggie treats, so I thought I'd take Google Sketchup out for a test drive and try to get a sense of what exactly a trillion dollars looks like.

We'll start with a $100 dollar bill. Currently the largest U.S. denomination in general circulation. Most everyone has seen them, slighty fewer have owned them. Guaranteed to make friends wherever they go.





A packet of one hundred $100 bills is less than 1/2" thick and contains $10,000. Fits 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 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 a standard pallet...





And $1 BILLION dollars... now we're really getting somewhere...





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. You ready for this?

It's pretty surprising.

Go ahead...

Scroll down...



Ladies and gentlemen... I give you $1 trillion dollars...




(And notice those pallets are double stacked.)

So the next time you hear someone toss around the phrase "trillion dollars"... that's what they're talking about.