The Bank of International Settlements (BIS) is hosting a secret meeting of national central bankers from around the world, in Australia today. And you won't hear much about it in the media. While I don't have any insider information, I'll bet that these are some of the numbers that they will be kicking around in closed-door private meetings..or what I call --what's a $billion, $trillion or $quadrillion or two?
(It's good to have all these numbers and ranges-orders of magnitiude, in perspective)
(..N.B. gleaned from various sources deemed to be reliable. take Plus (+) or Minus (-) a billion or so)
The REAL BIG Picture
$5 Billion- Goldman Sacs 4Q 2009 earnings
$6.4 Billion - Amount of commerical real estate investments that didn't qualify for refinancing in the first 10 months of 2009 (Business Week Nov 16, 2009)
10 Billion - the number of cells in your body (as a reference point)
$170 billion- Federal funds from TARP that went to bail out AIG and the top US bank (largely due to derivative losses)
$787 Billion (approx) - TARP bail out 2009
$951 Billion- Cost of the 2 current USA wars (www.costofwar.com)
$ 973 Billion - Size of totoal US credit card debt (2009)
$1 Trillion is a stack of $100 bills 680 MILES high (for reference).
$1 Trillion - Annual global spending on military and wars (US accounts for ½ of that figure)
over $1 Trillion - estimated size of the global underground illegal black market (mafia etc, drugs, booze, laundering money, prostitution, human trafficing etc)
$1.121 Trillion- German exports (which fell 18.4%) in 2009 .
$1.202 Triilion - China's exports in 2009
$1.7 Trillion - total value of commercial loans on bank's book's
$2.4 Trillion- size of all Global sovereign wealth funds (approx)
$ 3 Trillion - Current proposed U.S. federal budget
$9 Trillion - U. S. government's maximum legal debt for 2009 (up to $14 T in 2010)
$12 Trillion - Amount that U. S. mutual fund companies manage
$12 Trillion - size of US debt
$12 Trillion - Estimated size of "shadow government CAFR accounts in the state of California alone (source www.cafr1.com) The US is not going broke dispite what they want you to believe..!!
$14 Trillion - quietly earmarked and endorsed by US Congress in 2009 for anticipated bailouts in 2010 or why 2010 will be far worse then 2009 !!
$15 Trillion - U. S. annual gross domestic product (GDP) per year
350 % -total public and private debt to GDP ratio in the USA (2009)
$15 Trillion - The approximate U. S. money supply
$40 -$110 Trillion - estimated size of shadow "Rainy day" US government accounts that are off the books and off the public balance sheets (Source: www.cafr1.com)
$45 Trillion- estimated total global state debt by all governments by 2011 if spending continues at today's pace
90% - world's debt to GDP ratio
$50 Trillion - World's GDPs for all nations (approx)
$50 to $65 Trillion --Unfunded Social Security and Medicare benefits (approx)
$60 Trillion- Estimated size of the Current Default Swaps (CDS) market
$75 Trillion - Total value of the world's real estate (estimated today)
Greater than $100 Trillion - Total value of world's stock and bond markets (today)
$100 Trillion - BIS valuation of world's derivative market back in 2002
$140 Trillion - Derivatives owned by US Banks (that are registered by BIS -doesn't include private company to company deals)
$517 Trillion - BIS mid 2007 valuation of the world's derivatives market
$681 Trillion - Size of the world derivatives market end of 2007 (BIS)
$1.14 Quadrillion ( or $1,140 Trillion) - Estimated world derivatives market, March 2009 (BIS)
(if you spot any gross errors or have revisions or other interesting $Trillion dollar comparisions, let me know)
Walter Derzko, Smart Economy, Toronto
ISBN13: 978-0-470-73761-3
ISBN10: 0-470-73761-1
Contact us about the Opportunity Clinic workshop and to invite Walter Derzko as a keynote speaker at your next event
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