Quick question (no Googling): What comes after "trillion?"
Okay, I had to use Google to get the answer. I thought it would be “gazillion," or perhaps "bazillion," or maybe even "shit-ton." I was wrong.
The answer: Quadrillion.
Yes, quadrillion is an actual number. 1,000,000,000,000,000 or simply 1015.
Up until recently "quadrillion" was a number primarily used by astronomers, math PhD's, or people calculating the odds of the Seattle Mariners winning the 2012 World Series.
To get some perspective as to the actual size of 1 quadrillion consider the following:
The North Star is 2.5 quadrillion miles from earth, which is more easily understood as 420 light years.
Wilt Chamberlain claimed to have had sex with 20,000 women. It would take 50 billion Wilt Chamberlains to sleep with 1 quadrillion women.
$1 billion in $100 bills would fill half of a 40’ trailer. $1 quadrillion would require 50,000 40’ trailers.
$1 quadrillion is 15 times the GDP of the entire world.
The total value of U.S. derivatives equals one third of $1 quadrillion… and 95% of them are controlled by five banks.
I'm trying to understand the J.P. Morgan story so I read a few articles about derivatives, but I still don’t know what they are. I’m not even sure that the people that deal with them on a daily basis fully understand them, but I do have a nagging feeling that $350 trillion is a lot of money to put on the blackjack table. (Especially one with a crooked dealer).
Within a few years the number will surely grow to $1 quadrillion. Maybe it already has.
The debate will soon shift away from "Too Big To Fail" and begin to focus on "Too Big To Leave Enough Oxygen For You And Me To Breathe."
I can see the 2015 headlines now: Federal Government Contemplates $100 Shit-Ton Bailout: Mariners Finish Season 59-103
Hey, but wait 'til next year. This kid is coming up from AAA Tacoma and we'll finally give the Texas Rangers a run for their money.