8
Dec
Posted by KH » Add Comment »
Mahathir: One Trillion
“3. What is one trillion dollars? We write it down as one billion with three additional zeros after it. Thus 1,000,000,000,000. It is not such a big figure. You add three zeros or three nothings and the figure increases by 1,000 times.”
^ Tun Dr.Mahathir Mohamad is not a trillion dollar fan
“But if we write down one billion as 1,000,000,000 one thousand times, we will have a better idea of what one trillion means. We would be horrified at the size of one trillion if we write the figure 1, one trillion times, which really is what one trillion means.”
If it takes 0.1 second to write 1 on a piece paper, it would take three thousand one hundred sixty eight years to finish writing 1, one trillion times. Yes, three thousand one hundred sixty eight years. If I start writing it now, I would finish by year 5179.
“7. However, if we keep gold we would be rolling in wealth. Gold was fixed at US$35 per ounce by Bretton Woods in 1943. Now it is US$1,400 per ounce. Even at the depreciated US Dollar of 3 Ringgit we would have 4,200 Ringgit worth of gold for every ounce. Even if we had bought gold say 10 years ago we would have made a pile.”
Mahathir is obviously not happy with Malaysia buying’s Uncle Sam bond. He stressed many times in many different occasion that gold should be used as the standard for international trading and not paper dollars. He has always been a gold bug.
“12. Far better to admit you are poor and behave like a poor man than to wear flashy suits and throw your weight around. People will soon learn what you really are.”
– Chedet
Tun Dr.Mahathir also referred quantitative easing as printing money and said US dollar is as good as toilet paper.
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