I am deeply sorry for the lack of posts on my website. I don’t always find enough time or willingness to do so. But there you have today an exception.
The first thing I want to stress is that there are significant vocabulary differencies between english AND french language regarding huge quantities.
In French we speak of “millions” and “milliards” for the mathematical equivalent of 10^6 and 10^9. But what about 10^12 ? We don’t really have a word for that.
In english it is different ! We speak of “millions” (10^6), “billions” (10^9) AND “trillions” or 10^12.
The number after the sign “^” refers to the number of “0” after the “1”.
So 10^3 = 10x10x10 = 1.000, so one thousand. Or 1 000 in french. “Un millier”
So 10^6 = 10x10x10x10x10x10 = 1.000.000, so one million. Or 1 000 000 in French “Un million”
So 10^9 = 10x10x10x10x10x10x10x10x10 = 1.000.000.000, so one billion. Or 1 000 000 000 in french, “Un milliard”.
So 10^12 = 10x10x10x10x10x10x10x10x10x10x10x10 = 1.000.000.000.000. Or 1 000 000 000 000. Or in french, “1000 milliards). The English word is a Trillion or 1000 billions.
Sorry for such explanations if you already know the meaning of all this stuff. But I thought it may be interesting for those who didn’t knew it already.
Here is a example : the French public debt is composed of 2.000 billions, or 2 000 milliards. Our GDP is approximately of (2.000/90)x100 = € 2.222,22 billions. And the part of public spending is around € 1.200 billions.
Apple’s net cash is 148 Billions US$. Not situated in US banks of course. The international man newletters are the best way to understand to put your money to avoid taxes. Apple’s cash is not in the USA to avoid paying taxes on it. So when Apple needs cash, they prefer to borrow than to use their cash money. Because if you move USD into the USA, you need to pay taxes.
I think it’s always interesting to speak about huge amount of money because it remained the only way to understand the power of every institutions, states in our messy modern world.
If you remember an old post of mine. The biggest amount of cash controlled by a company is around 12 trillions or 12.000.000.000.000 $. It is composed of assets directly or indirectly controlled by BlackRock through Aladdin network and represents 6% of the total amount of financial cash available in the whole earth. Given this fact, we can deduce than the total amount of cash available in the whole world is = (12.000.000.000.000/6)x100 = (12 Tb/6)x100 = 2Tb x 100 = 200 Tb $ = 200.000.000.000.000 $. It is also interesting to understand that 6% is far from a majority in the mess of world financial assets. So BlackRock through Aladdin cannot impose its will.
Data about BlackRock and Aladdin are provided by The Economist weekly magazine. But please let’s go back to what I wanted to say when I decided to write this post. I was just listening BBC world service when I heard that the FED created 3,5 Tb of USD since 2008 !
3,5 Tb ! Interesting to make a comparison of this amount versus the GDP of the USA don’t you think ?