- Dec 18, 2010
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We all know that the federal reserve has been buying $85 billion every month is what it calls quantitative easing (QE).
Lets put that $85 billion in perspective.
Aircraft carriers
85 billion would buy 6.5 super aircraft carriers. The USS Gerald R. Ford (CVN-78) currently under construction cost $13.5 billion.
The United States has 10 aircraft carriers in active duty. Three more are in the planning phase or under construction.
With just 2 months of this quantitative easing we could double the number of aircraft carriers. Which would provide thousands of jobs for close to 3 decades.
Three gorges dam
Three gorges dam, the largest construction project in the world only cost $26 billion in US dollars, and took 9 years to complete.
With just one month of QE spending we could build 3 three gorges dams.
A documentary on netflix about the three gorges dam said 40,000 people were employed to build the dam.
One month of QE could employee 120,000 people for 9 years, have some spare change left over, and build 3 super dams at the same time.
Lets put that $85 billion in perspective.
Aircraft carriers
85 billion would buy 6.5 super aircraft carriers. The USS Gerald R. Ford (CVN-78) currently under construction cost $13.5 billion.
The United States has 10 aircraft carriers in active duty. Three more are in the planning phase or under construction.
With just 2 months of this quantitative easing we could double the number of aircraft carriers. Which would provide thousands of jobs for close to 3 decades.
Three gorges dam
Three gorges dam, the largest construction project in the world only cost $26 billion in US dollars, and took 9 years to complete.
With just one month of QE spending we could build 3 three gorges dams.
A documentary on netflix about the three gorges dam said 40,000 people were employed to build the dam.
One month of QE could employee 120,000 people for 9 years, have some spare change left over, and build 3 super dams at the same time.