Monday, October 20, 2008

How Much Is A Trillion?

It is hard to imagine that the financial system will return to the way it was before this present crisis in which $8.4 trillion has been lost in the stock market. According to a report released by the Urban Institute, a nonprofit research and educational group, in the year ended September 30, 2008, retirement accounts in the United States had lost 18.3% or $1.6 trillion of their value from September 30, 2007. If you start to think about a trillion dollars, it's nothing short of mind-blowing.

Imagine a $1.00 bill, the one with George Washington's picture on it.
* A stack of $1.00 bills 1 inch high would be worth $250.
* A stack of $1.00 bills 4 inches high would be worth $1,000
* A stack of $1.00 bills 4,000 inches high would be worth 1 million dollars
* A stack of $1.00 bills 4 million inches (63 miles) high would be worth $1 billion
* A stack of $1.00 bills 4 billion inches (63,131 miles) high would be $1 trillion.
If you broke this stack into smaller ones, you could have 11,480 stacks as high as Mount Everest.

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