Thursday, April 2

A Trillion Dollars

Not long ago Nancy Pelosi, the Speaker of the House of Representatives, was chided for claiming that some 500 million Americans became unemployed in only one month. She said it twice. Since there are only a bit over 300 million Americans, she was ridiculed for being out of touch and perhaps an idiot. I forgive her, however, because I understand that national leaders have lost touch with the word “thousand.” That’s chump change. They can only reach as far down as “million,” when faced with debt loads measured in billions and now trillions.

Almost fifty years ago when I was in the Navy and rode around the world on its newest biggest most powerful most nuclear-powered fastest ship (it still is the fastest aircraft carrier, by the way!), I was fascinated to watch as the last load of materiel was brought to the ship, right before we took off for the Mediterranean. Several 18-wheel tractor-trailers drove onto the pier, accompanied by gun-toting guards, and unloaded their cargo which was driven onto the aircraft elevators and brought in to the hangar deck. Forklift trucks shuttled the palettes over to an opening in the deck that measured probably 12 feet square (3.7m). A work crew had spent hours removing hundreds of bolts to free up and lift off the lid to the ship’s treasury in preparation for loading its storeroom with who knows how many hundreds of millions of paper dollars. I knew instinctively that even though we were always paid in cash, that was way more money than the Navy paid we thousands of sailors and Marines even if we were gone for more than six months. I found out later that the US made its foreign aid payments in cash, and transported the money in its capital ships, the big, defensible ones.
The drawing shows a palette of $100 bills, totalling one hundred million dollars. So what does a trillion dollars look like? Go here to see. Scroll down to the picture at the bottom and remember, the palettes are stacked twice as deep as the one shown above. The little red dot at bottom left is a six-foot-tall person!

Before you enviros get your panties in a bunch, no trees were slaughtered to make this heap of bucks. American money is printed on paper made from cotton and linen. Aussies and Kiwis use polyester. But in today’s “economy” dollars are actually made from bits and bytes transmitted over the Internet, making them the “greenest” of “greenbacks.”

4 comments:

Pete S. said...

The huge pile of cash on the aircraft carrier reminds me of a "The Simpsons" episode in which the U.S. government prints a single trillion dollar bill and sends it to post-war Europe as recovery aid.

It makes you think; how can a piece of paper with "1,000,000,000" printed on it possibly help anyone? And likewise, how can a pile of bills with smaller numbers on them (totaling 1,000,000,000) possibly create wealth and prosperity? We are painfully re-learning an old lesson: it can't.

Tom Hurley said...

Send a pile of those pieces of paper to me, and I will try to figure out how I can convert them to at least a tiny bit of wealth.

Susan Hurley-Luke said...

It's interesting to note that the USA is the ONLY country in the world where a trillion has 12 zeros.

Everywhere else there are 18 zeros in a trillion.

Imagine how many pallets you would need for tha.

Tom Hurley said...

I see Pete S only got to a billion. A trillion is 1,000 times more. That would make 12 zeroes. To get all the way to 18 zeroes would make a quintillion, I think. there is an interesting note in Wikipedia regarding how numbers are treated in various cultures. In the British realm, long scale countries, it comes to this:

1,000,000,000,000 (one million million; 1012; SI prefix: tera-) - for all short scale countries - increasingly common meaning in English language usage.
1,000,000,000,000,000,000 (one million million million; 1018; SI prefix: exa-) - for all long scale countries - increasingly rare meaning in English language usage but frequent in many other languages.