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Just how much is $US700 billion?

by Marquette Turner

in Design & Trends, Money & Business, Real Estate Radar, Wise Guy

With both the United States’ Senate and House of Representatives having approved the $700 billion bailout of the US economy, and President George W Bush having signed the act into law quicker than you could blink, now begins the blame game to see how this crisis snuck up upon so many.

I, however, thought I’d first look at the scale of the figure and try to put it into perspective. From then on, you can judge for yourself this daunting amount.

Here we go:

If you were paid $1 per second, it would take you 22,197 years to amass $700 billion dollars in your piggy bank.

If you took 700 billion steps, you would stop walking in 10,318 years.

It is the combined Gross Domestic Product (GDP) of Thailand and Belgium, according to the International Monetary Fund’s (IMF) 2007 accounts.

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20 under-five year olds die every minute in the world from preventable diseases, which is 30,000 per day when the vaccinations to save them cost less than $1 (I invite you to read our article on Kiva to find out how you can help save lives, one loan at a time).

Apple has sold 150 million iPods: this is 550 million too few for 700 billion songs.

How many ways can you put the gravity of $700 billion in perspective?

Simon Turner

FYI: You can also read this article as a Just How Much is $700 billion?

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