£50bn vs $700Bn

[Hedders]

Wait a second here...

Our billions are different to theirs and our money is worth more than theirs..

Our £50 billion equates to nearly $900bn doesn't it!!

Am i being really slow or has everyone elese realised that we are paying more than the yanks are to bail ouselves out and we are a tiny country in comparison the US!

[Ry_B]

Hedders said:

Am i being really slow or has everyone elese realised that we are paying more than the yanks are to bail ouselves out and we are a tiny country in comparison the US!

Maybe I'm the one being slow, but £50billion pounds is roughly $90billion dollars, so the yanks are paying more at 900billion dollars?

[johnfm]

you're being slow!!

No, just kidding. Our 'bailout' is much bigger. £200billion into liquidity , another £250 billion on hookers and £50 billion (the headlin figure) buying shares into the banks I htink.

Total £500 billion

[HundredthIdiot]

Billions are all 1000m now.

[Hedders]

HundredthIdiot said:

Billions are all 1000m now.

I didn't know this! should make doing sums a bit easier..

[kambites]

HundredthIdiot said:

Billions are all 1000m now.

Yes.

If they were spending 50 imperial billion pounds, that would be 90,000bn dollars.

[Jon C]

So 50 Billion is 50,000,000,000 pounds?

or 909 pounds (ish) for every man, woman and child in the country?

[Hedders]

kambites said:

HundredthIdiot said:

Billions are all 1000m now.

Yes.

If they were spending 50 imperial billion pounds, that would be 90,000bn dollars.

Are you sure about that?

£50bn = $90bn if all things are now equal.

[rich1231]

Hedders said:

kambites said:

HundredthIdiot said:

Billions are all 1000m now.

Yes.

If they were spending 50 imperial billion pounds, that would be 90,000bn dollars.

Are you sure about that?

£50bn = $90bn if all things are now equal.

Which was his point.

[Hedders]

rich1231 said:

Hedders said:

kambites said:

HundredthIdiot said:

Billions are all 1000m now.

Yes.

If they were spending 50 imperial billion pounds, that would be 90,000bn dollars.

Are you sure about that?

£50bn = $90bn if all things are now equal.

Which was his point.

Que?

He said 90 thousand billion dollars = 50 billion pounds. If our billions are now the same then that can not be right?

[Stuismyname]

Hedders said:

rich1231 said:

Hedders said:

kambites said:

HundredthIdiot said:

Billions are all 1000m now.

Yes.

If they were spending 50 imperial billion pounds, that would be 90,000bn dollars.

Are you sure about that?

£50bn = $90bn if all things are now equal.

Which was his point.

Que?

He said 90 thousand billion dollars = 50 billion pounds. If our billions are now the same then that can not be right?

I think you need a coffee Note the words "If" and "imperial" in Kambites post.

£50bn = c.$90bn

Edited by Stuismyname on Wednesday 8th October 10:17

[Hedders]

I must need more coffee then, still :P

[kambites]

An imperial billion is a million-million, a US billion (which we now use) is a thousand-million.

[Hedders]

We have kept both billions in use??

[williamp]

I still think rather then our tax going into the banks to protect our money, why dont they cut out the middle man and give us the tax direct? That amound in our hands will help the economy- spend in shops, money off mortgage, rainy day savings etc

£50bn to 60 million people is a lot of money indeed...

[Hedders]

williamp said:

I still think rather then our tax going into the banks to protect our money, why dont they cut out the middle man and give us the tax direct? That amound in our hands will help the economy- spend in shops, money off mortgage, rainy day savings etc

£50bn to 60 million people is a lot of money indeed...

They want control of our lives.

[kambites]

Hedders said:

We have kept both billions in use??

Until recently, we used a million-million and the US used a thousand-million. In the last couple of decades, we've standardised on a thousand-million. Some older people still use it to mean a million-million though.

Edited by kambites on Wednesday 8th October 10:23

[elster]

Thought a financial Billion had been 1000 million for a hell of a long time.

Scientific one is still a million million

[Hedders]

kambites said:

Hedders said:

We have kept both billions in use??

Until recently, we used a million-million and the US used a thousand-million. In the last couple of decades, we've standardised on a thousand-million.

This is like pounds and grammes all over again...

[kambites]

elster said:

Thought a financial Billion had been 1000 million for a hell of a long time.

Scientific one is still a million million

Scientists don't have one, they say "ten to the nine" or "ten to the twelve".

It's the more relevant "layman's billion" that has changed.

Edited by kambites on Wednesday 8th October 10:26