by Craig Hemke, Sprott Money:
What’s another trillion? What’s another five trillion or ten trillion when no one cares? It’s not like it’s real money anyway!
Perusing the internet this morning, I found this little beauty and was reminded of why I became a “gold analyst” all those years ago…
TRUTH LIVES on at https://sgtreport.tv/
The full article is behind the Fortune magazine paywall, but the headline sums it up perfectly. The current U.S. debt total has reached $34.6T, but no one in politics could give a darn. They just keep spending and spending in order to buy off as many voters as possible while funding all of their wars.
And I suppose part of the reason that “no one cares” is the sheer size of the number. Trillion is just a word like million or billion, and besides, in your everyday life, do you really feel the impact? And so, it will just continue to be “business as usual” until the day comes when it’s not.
But for this week, let’s not settle for the “trillion is the new billion” mindset. Let’s try to place this into some context. Come on. It’ll be fun.
Let’s start with the word “trillion”. That sounds like a lot, and it is. A trillion of anything is enormous. For example…
- One second is just a moment, but a trillion seconds is approximately 31,500 years.
- The Eiffel Tower is 11,800 inches tall. You could stack about 85 million of them for a one trillion-inch tower, but that might take a while to build.
- There are 64 million ounces of water in an Olympic swimming pool. One trillion ounces of water would fill 15,525 pools.
- The speed of light is pretty fast, and it takes about two earth months for it to travel a trillion miles.
OK, that was fun. Now let’s equate this to cash…
If you and I were present at the birth of Jesus in Bethlehem, and if we were so excited by the event that I promised to hand you $1 every minute of every day since, you’d now have a total of $1,064,624,000. That’s a lot of cash! However, we’d have to keep doing this for about another 940 years before you’d have a stack of cash that adds up to one trillion.
What if you took your stack of one trillion dollar bills and tried to reach the moon. Could you make it? Well, not quite. It would take about 3.5 trillion to get you there. However, 34.6 trillion would get you there and back five times!
What if you were able to walk around the earth at the equator, and what if you laid dollar bills end-to-end along the way? If you did so, you’d lay out about $263 million, so it would take about four laps to use one billion dollars. But we’re talking trillions here, so about 4,000 laps around the earth would stack one trillion dollars.
How about one more?
In the U.S., “border security” is all the rage this election year, and the U.S. southern border is about 2,000 miles long. If the politicians were so inclined, they could build a wall along that border using stacks of dollar bills that total one trillion. How high would that wall be? Well, about $20 billion would get you a 4.3 inch “wall” that stretches the length of the border. To use one trillion dollars, you could stack that wall fifty times higher, making its total height 215 inches or about 18 feet tall.
