Instead of propping up banks for $700 billions, we can maybe, buyout a country.
We can use $700 billions to buy out a country. Randomly assigning 10x GDP for political stable countries and 3-5x GDP for political unstable countries. $700 billions can be use to buy out countries with $70 billion GDP or less:
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html
A lot of African countries and Caribbean Islands can be bought with $700 billions.
What else can we do with $700 billions:
We can establish 10-20 "Ivy League/Well-Established" universities each with endowment fund of $10-30 billions.
Give back taxpayers their money - each of us will get ~$2000 back.
Buy 5,000 F-22s Fighter Jets at $138 millions a piece.
Buy ~200 billions $3 Big Macs from Mickey Ds.
Buy 3.5 millions Ferrari F430s at $200k a piece. Or buy 3.5 millions houses at $200k a piece (avg house price).
Buy 2.8 billions Nintendo Wii - the world would be a happier place.
Pay back 8% of national debt.
Buy 7 billions barrel of oil at $100 a piece. At current consumption rate of ~9 million barrels a day, we can last two years.
Buy up JP Morgan, Citigroup and Bank of America and still have money left.
"Damn, I can't think of ways to spend $700 billions"
Saturday, September 27, 2008
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