G20 - 1 Trillion Dollars

[Bing o]

mark_davies said:

So bassicly what you lota re saying is that we dont need to spend our way out the recession ?

What are you smoking ? May want some !!!

Mark, where do you think this money is coming from?

It's from my taxes for the remainder of my life, my as yet unborn children, and their unborn children too.

[Puggit]

AdeTuono said:

mark_davies said:

MOAN MOAN MOAN

Ill try and keep away from the economy threads from now on

That's a real shame; your intelligent, insightful comments will be sorely missed.

I see far more questions on here than moaning.

Instead of moaning and disappearing, can you please engage in some constructive discussion.

[mikey_p]

Police State said:

m3jappa said:

DAVEVO9 said:

Bish said:

http://www.pagetutor.com/trillion/index.html

quite incredible really, considering that its 100 dollar bills too.

are you ready for this...


A million seconds is 12 days. (scroll down)























A billion seconds is 31 years. (take a guess what's coming... now scroll down)























A trillion seconds is 31,688 years.

Did you take into account leap years and daylight saving?

[jesusbuiltmycar]

BigJonMcQuimm said:

It all means we are heading to the IMF.

Mandelson f'ed it today

I was coming round to the idea that Labour going to the IMF might be a good thing - with the IMF making the loan conditional on a long term cut of the bugdet deficit/cuts in public spending..

Unfortunately It looks as if new rules make it easier to borrow from he IMF without any strings attached.

[BigJonMcQuimm]

Winky is going to destroy this country for good....

Mandeslon on C4 News last night summed it up.

A feckless and incompetent government who have no idea, have spent every penny, borrowed to the hilt, spent that and now have no where to move.

Unless we mobilise the population we are all fooked.....alas I have a job to do ;-)

[illmonkey]

mark_davies said:

Mr Will said:

One trillion dollars....

front page of the sun

Beat me to it! Made me chuckle when I went to get cold tablets this morning. Very good.

[nelly1]

http://www.thedailymash.co.uk/news/arts-%26-entert...

[The Moose]

largerandrock said:

Alot of people are going to become very wealthy of the back of this.

They will have a big figure as a bank balance but they wont be very wealthy as the £ will be worth fk all...

Cheers

The Moose

[bigTee]

Is an American Trillion the same as an English Trillion?

[RobDickinson]

mark_davies said:

So bassicly what you lota re saying is that we dont need to spend our way out the recession ?

What are you smoking ? May want some !!!

Wealth doesnt get created at the printers, without something real to back up thismoney all it does is create inflation & shift the problem around.

Governments have been throwing vast sums around recently, non of which is actualy real.

[s3fella]

There was some guy on Newsnight on Weds who kept banging on about a "quadrillion"......

I was not sure if he meant 4 million, 4 trillion, but presumed it was like the next step up from a trillion, but will confess to never having heard it before in my life!

Does this number exist or is it a made up one! ?

[scotal]

Republik said:

$100bn that international development banks can lend to poorest countries

That does of course mean that when you get an email form someone claiming to have $30mill tucked away they need to move out of Nigeria they may actually mean it.

[rasputin]

s3fella said:

Does this number exist or is it a made up one! ?

Clicky

[s3fella]

rasputin said:

s3fella said:

Does this number exist or is it a made up one! ?

Clicky

Holy crap, that pic seems to put it in perspective.


Anyone guess how much "actual money" there is in the whole world then?

[alock]

s3fella said:

Does this number exist or is it a made up one! ?

They get much bigger http://en.wikipedia.org/wiki/Googolplex

[bosscerbera]

on another thread I said:

To put countries' financial predicaments into perspective, perhaps think of countries as being like people.... GDP = wages; Ext Debt = Debts; Foreign Exchange/Gold = Savings; Trade Surplus/Deficit = Cash at Bank.

In these illustrations, each £1,000 = $100 billion

China
Salary ................. £70,430.00 ($7.04 trillion)
Debts ................. £3,630.00
Savings ............... £14,930.00
Bank ................... £3,633.00

Australia
Salary ................. £7,668.00
Debts ................. £7,579.00
Savings ............... £711.50.00
Bank ................... £509.60 DR

UK
Salary ................. £21,470.00
Debts ................. £104,500.00 ($10.45 trillion)
Savings ............... £470.40
Bank ................... £1,110.00 DR

USA
Salary ................. £138,600.00
Debts ................. £122,500.00
Savings ............... £658.90
Bank ................... £7,471.00 DR

Britain's ruinous position is much easier to understand when imagined as a person on £21K, with £104K debts (the second biggest amount of all its chums), £470 savings and a £1000 overdraft.

The outcome of the G20 summit is this lot of bankrupts, 15 others and the EU borrowing "£10,000" to fix themselves and "developing nations". Whoop-di-fking-doo.

Not exactly credible is it?

And let's be clear about something else... To work off the kind of debt we're already in demands some extraordinary levels of wealth generation - levels that are impossible to achieve. Given contemporary concerns about human damage to the planet at recent levels of mining/farming/manufacturing, it should be obvious that our planet (and maybe another? ) will need to yield staggering amounts of raw material. An alternative outcome to pay down the debt is to generate obscene levels of inflation to grossly devalue all currencies, which might take the heat off the planet.

Then again, governments could wake up to the fact that the monetary system is destroyed; that growth and consumption-for-consumption's-sake are outmoded; and that it's time to think of another idea - which would start with crushing the banks. Pigs will enter space first.


The actual billion figures are from 1/1/08 - since then GDP/salary has slumped and debts substantially increased so today's reality is even worse than the figures show.

[esselte]

mark_davies said:

So bassicly what you lota re saying is that we dont need to spend our way out the recession ?

What are you smoking ? May want some !!!

You seem to have a fair grasp of economics so could you tell me where this money is coming from please....?

[BigJonMcQuimm]

Winky is sending another 2000 troops to Afgan

Great ... er how will we pay for this?

[Marf]

5 pages in, the same question asked five or more times, so I take it no one knows where the money is coming from?

[elster]

Police State said:

A trillion seconds is 31,688 years.

Is that a financial trillion?

As in

$1,000,000,000,000