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Home » Categories » Finance » Investing » The American Investigation - Day Eight » Printer Friendly

Ieuan Dolby

The American Investigation - Day Eight

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Submitted Thursday, October 09, 2008
Ieuan Dolby (1,417)
Ieuan Dolby

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I've been on a ship for a few days doing my day job of superintendency and its been great not to have read any newspapers or listened to any experts blowing hot air into a faded wallet!

I have though heard snippets from the television as the credit-crisis turns into unmitigated disaster (especially for executives and directors of banks boo hoo) I was surprised out of my bowl of rice and fish heads to discover that Britain has topped America for bailout offerings!

There was old America captivating the world with traumatic on-the-knees threats of global meltdown, of far-reaching consequences and near tomato throwing hysterics, the actions of American politicians unveiling a drama that was far more entertaining than Dallas ever was, when all of a sudden Britain ounces a bailout package that is of a greater value than their amounted to! Last I looked the British to the American economy is a single peanut to a family sized jar of peanut butter yet without any fanfare, without as much as a eye raised or an egg thrown the government manages to upstage the Americans by offering larger sums!

I mean I don't understand all the figures that are being thrown around! And not many people do! Answer this question to my satisfaction and win yourself a trip to the Bahamas (if the value of my poor shares adds three zero's on the end that is)! What is the difference between one billion and one trillion? I remember a few years ago when a million used to be an enormous sum! Yet here we all are talking about trillions as if they are the difference between a night out and a night in!

Which reminds me! I must put that five pence piece that I found on the street the other day into my savings account every little bit helps and as the old saying goes "the pennies make the pound"!

Therefore following logically on and to win myself my very own holiday in the Bahamas I could answer that question by saying "if you save a few billions you can make a trillion".

Ah, I see!






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