First, a numerical overview:
Thousand is a one with three zeros.
One million is a thousand times bigger and a one with six zeros.
At this level, I can still keep up and imagine the difference between these two numbers well. One million dollars in the bank is a very different idea than a thousand dollars in the bank. I understand that.
One billion is a thousand times more than a million. It is one with 9 zeros. And a trillion is a thousand times bigger than that and is a one with 12 zeros.
how many billions in a trillion
One trillion is thus a thousand billion, that is a million million. Are you coming to that? Not me. I can not imagine that.
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So we try it in a different way.
Suppose I give you a one-thousand-dollar mark and say you have to go out with a friend and spend the money in a single evening. They would spend a nice time.
Now suppose you have a stack of a thousand dollars of notes that would be a few inches high. If you had that in hand, you know what? Congratulations, you would be a millionaire!
Now suppose you wanted to join the super elite of the rich and have a billion dollars. What would be the stack with the thousand dollar notes?
The answer is a stack only 109 meters high, just under a third as high as the Petronas towers here in the picture. What is the value of a trillion dollar pile worth thousands of dollars? Think about it.
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Well, this stack would be 109 kilometers high. And I mean a stack of notes, not graded notes or something. A compact stack of thousand dollars notes with a height of 109 kilometers. That's a trillion dollars.
You still can not do anything with it?
So. Imagine riding in a car on a street with one side of our trillions of trillion stacked horizontally. He winds his way along the road along our route. They drive .. brrrrrrrrrrrrrrm .. without holding a good hour.
how many billions in a trillion
Throughout the ride, you'll see those dense thousand dollar notes right next to you - on the roadside, all the way. Put another way, the amount of money created in our economic system over the past four and a half months, printed as a thousand-dollar bill and piled on the side of the road, would stretch from Springfield, Massachusetts to Albany, New York.
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That's the way it is. Either you can better visualize the stack by driving along it or by standing on top of it. Or however, you want to make it clear.
But do not pretend. One trillion is a very, very large number. We must not fall into indifference just because the number exceeds our imagination. That should rather spur us on to acting.
Keep this lesson in mind as we look at all the debts and obligations incurred by the US. It is several tens of billions of dollars.
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