Transition Derry

Tackling Peak Oil, Climate Change and Economic Breakdown

Tree Trillions Dollars Later... is that $428 per head???

halo,
just a mathematical reflection

the economist this week headline story 'Three Trillions Dollars later'...
http://www.economist.com/printedition/
in reference to, what is de-facto - a 3 Trillion Dollars banks bail-out
Here is a quote...
"Governments and regulators want the banks to make profits so that they regain their health faster after roughly $3 trillion of write-downs. It is part of the monstrous bargain that bankers have extracted from the US state (see the Economist special report this week) "
More info here (if you can stomach it)

NOW let's do a simple calculation

1 Trillion = 1,000 Billion
3 Trillion = 3,000 Billion
world population = 6.8 Billion (let's round up to 7)

$3,000 billion: 7 billion = 428
Is the US bank bail-out the equivalent of donating $428 per person in the world?

Can please somebody contradict this statement and prove that is me that has lost me head instead of our governments?

mala

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