He wants two trillion dollars to protect us from terrorists next year, a two trillion dollar federal budget, which will land us back into deficit spending real fast.

It's called the trillion dollar stimulus package.

Energy's a six trillion dollar business worldwide.

But I read this fact the other day, that one trillion seconds equals 32 thousand years, so if you think about that, the context, the casualness with which we talk about trillion dollar bailout here, and trillion there, we are stacking ourselves up for long term leverage.

Annex I, table 1 US dollar statements

Taking advantage of ultra low interest rates in advanced countries, emerging market banks and firms have been borrowing like never before. A recent paper by the Bank of International Settlements shows that since the global financial crisis, outstanding dollar credit to non bank borrowers outside the US has risen by half, from 6 trillion to 9 trillion.

That is because global investors seeking a safe haven automatically turn to US Treasury securities in times of global financial turmoil. Foreign investors now hold more than 5.7 trillion of these low yielding securities, not to mention large quantities of other dollar assets.

Indeed, the US remained the world s premier creditor nation until 1986 1987, when it became a debtor nation again. In the two decades that followed, America s debt usually was around 3 trillion, rising or falling with the exchange rate of the dollar.

For the US, the fundamental cause of imbalances is not a strong dollar, but America s over consumption and over borrowing. A strengthening dollar would worsen the US trade balance, but a weakening dollar could cause panic in capital markets, which might push up risk premia on dollar denominated assets, including US government securities, in turn leading to an economic slowdown and a further weakening of the dollar.

For example, U.S. farmland had a total value of 1.9 trillion in 2010, compared with 16.5 trillion for the US stock market and 16.6 trillion for the US housing market. And large scale farmland bubbles are quite rare there was only one in the US in the entire twentieth century, during the great population scare of the 1970 s.

Meanwhile, many of these gases need to be curbed because of their wider environmental impact on public health, agriculture, and the planet s multi trillion dollar ecosystems, including forests.

The whole world, at 1.2 trillion estimated reserves, only gives us about 45 years.

And we can't fight the threat in the kind of stupid way we're doing, because a million dollar act causes a billion dollars of damage, causes a trillion dollar response which is largely ineffective and arguably, probably almost certainly, has made the problem worse.

The exchange rate was approximately Rp 9.000, to One US Dollar.

And it is difficult to deny that the Fed should take a close interest in the funding strategies of foreign banks operating in the US. Another Fed governor, Jeremy Stein, has pointed out that foreign banks have dollar liabilities of roughly 8 trillion, much of it short term wholesale funding.

The report, which was requested by G 20 leaders at their summit in Seoul last November, found that between 2002 and 2007, the shadow banking system increased by 33 trillion, more than doubling in asset size from 27 trillion to 60 trillion. This is 8.5 times higher than the total US current account deficit of 3.9 trillion during the same period.

Estimates suggest that, for developing countries alone, liberalization could provide up to US 6 trillion in additional income.

A sharp weakening of the euro towards parity with the US dollar, which is unlikely, as the US is weak, too.

The third factor is the vicious circle of oil prices and the value of the US dollar. Higher oil prices increase America s trade deficits, which in turn lower the value of the dollar. Owing to the inverse relationship between oil prices and the dollar, the weaker dollar increases oil prices, which increases the trade deficit further, putting more downward pressure on the dollar.

And then we discovered these things gold and oil and fishing and timber and it became, you know, a trillion dollar economy, and now we take our honeymoons there. The same thing will happen in space.

Indeed, since late 2003, when the Fed first cut interest rates to 1 , triggering the US housing bubble, dollar reserves in emerging markets have increased six fold, reaching 7 trillion by 2011. The resulting expansion in emerging markets monetary base has led to much higher inflation in these countries than in the US, and to global commodity price bubbles, particularly for oil and staple foods.

A fluctuating US dollar placed additional pressure on projected expenditures to the end of the year.

When President George W. Bush took office in 2001, he was staring at giant budget surpluses as far as the eye could see. It was hard work engineering a five trillion dollar deterioration in America s fiscal position.

Public debt includes not only the federal government s current 13.2 trillion, but another 3 trillion owed by America s states, counties, and cities. In addition, there is the 3.9 trillion in debt owed by America s government backed housing finance agencies (Fannie Mae, Freddie Mac, and others), which currently underwrite more than 90 of all US mortgages.

The reported US current account deficits from 1982 to 2013, based on subsequent revisions, total 9.5 trillion. And yet the deterioration in the US international investment position over this period was not much more than half of that amount ( 5.7 trillion if measured relative to the revised estimate for 1981).

Its products, from iPhones to iPads to MacBooks, have captured consumers imaginations, remade markets, and earned the company and its shareholders huge sums of money. Apple s stock capitalization has soared, and it became the first trillion dollar company.

However, he believed that as the interest rate rise cycle of the Hong Kong Bank began and the Hong Kong dollar interest rates were normalizing, the situation that Hong Kong dollar interest rates were lower than US dollar interest rates would change in the future.

The Bank for International Settlements estimates outstanding dollar credit to non bank borrowers outside the United States at 9 trillion. Big debtors include some of those countries whose currencies have come under downward pressure recently China ( 1 trillion), Brazil (more than 300 billion), India ( 125 billion), plus Malaysia, South Africa, Turkey, and Latin America s financially open economies Colombia, Chile, Peru, and Mexico.

The trend of Hong Kong dollar interest rates and US dollar interest rates will be more consistent. Everyone must be more careful to manage risks and prepared to cope with market fluctuations.

But the foreman was kind enough to give us each a check for a dollar, but my mother would never let us cash it.

So non Americans should be more appreciative of America s deficits. Do people think it is easy for a 12 trillion dollar economy to spend beyond its means year after year just to prop up other countries reputations for stability?

And each of us has about 100,000 of these things running around, right now, inside each one of your 100 trillion cells.

From 2000 to 2014, global GDP more than doubled, from 31.8 trillion to over 75 trillion. Over the same period, China s nominal GDP soared from 1.2 trillion to more than 10 trillion growing at more than four times the global rate.

In 2004, total consumer spending in Latin America and the Caribbean amounted to 0.94 trillion, with the figures being 0.55 trillion for China and 0.35 trillion for India.

But if the US does use the inflation tax as a way to reduce the real value of its public debt, the risk of a disorderly collapse of the US dollar would rise significantly. America s foreign creditors would not accept a sharp reduction in their dollar assets real value that debasement of the dollar via inflation and devaluation would entail.

But there is no question whatsoever that the US dollar will go south in the long run a depreciation that started in April 2002 and, after a short interval, resumed in March 2009. Unless the US economy improves its trade balance, the dollar will fall.

A new economic order was established after World War II, with the US as the anchor country. The Bretton Woods system linked the US dollar to gold at 35 per ounce, with other currencies linked to the dollar (though occasionally allowed to make adjustments).

Our bodies have 35 trillion cells, trillion with a T. We're talking national debt numbers here.

Two trillion a year.

China s 3.2 Trillion Headache

The 200 Trillion Question

That might not sound like very much, but the reduction in prices and improvements in food security would help almost everyone. It would be worth nearly 3 trillion in social good yielding an enormous 34 of benefits for every dollar spent.

According to the IMF, China s GDP will be 17.6 trillion in 2014, outstripping US output of 17.4 trillion. Of course, because China s population is more than four times larger, its per capita GDP, at 12,900, is still less than a quarter of the 54,700 recorded in the US, which highlights America s much higher living standards.

And the answer brings us back, full circle, to where we started, namely to US fiscal policy. China is worried that its more than 1 trillion investment in US Treasury securities will not hold its value.

US banks and broker dealers are exposed to about half of this figure, or 1.8 trillion the rest is borne by other financial institutions in the US and abroad. The capital backing the banks assets was only 1.4 trillion last fall, leaving the US banking system some 400 billion in the hole, or close to zero even after the government and private sector recapitalization of such banks.