How Much Is A Trillion Dollars?
Thanks to the cool people at PageTutor.com who created a set of graphics to help us visualize what a trillion dollars looks like.
Let's start with $100. Everyone reading this blog probably has a few of these:
Now, if you had one hundred $100 bills you'd have $10,000 in a 1/2" high packet:
Let's take one hundred of those little $10K packets and see what $1 million in $100 bills looks like on a human scale:
Hmmm. $1 million used to seem like a lot of money but looking at it that way it seems a little puny. You might trip over it and hurt yourself if you're not careful.
Let's look at one hundred of those, for $100 million total, and put them on a wooden pallet for easy transport:
Now, how about $1 billion? You're going to need a bigger storage bin:
So, how about that trillion dollars? That's a million times $1 million, or a thousand times $1 billion. No matter how you slice it, it's freaking huge. Notice the little man in the bottom left, and the fact that these pallets are double-stacked and filled with $100 bills:
Wow! That's 7ft high and 96,768 square feet, or 2.2 acres (bigger than a football field).
Do you know what's even more than a trillion dollars? The U.S. national debt.
Want to see the U.S. debt stacked up in $100 bills? (We understand if you don't want to see it; it is disturbing.) This graphic was done back when the national debt was a mere $11 trillion (March 2009). Sadly, the debt today (January 2011) is now over $14 trillion (27% higher in less than 2 years), so this graphic doesn't even do it justice:
And think about this: If that was your covered call portfolio and you were making 1%/month in time premium income you'd be getting $140 billion per month. Sweet.
Mike Scanlin is the founder of Born To Sell and has been writing covered calls for a long time.