The Knights Templar are suing the Vatican to recover the treasure that was taken from them 700 years ago:
http://www.theregister.co.uk/2008/08/04/knights_templar_pope/ (thanks Glenn for the tip!)
Just when you thought Facebook employees were making out like bandits and as if the Catholic Church didn’t have enough economic trouble on their hands, let’s assume a very modest initial value of 10 million in Templar treasure.
Now compound that annually at a modest 7% … for SEVEN HUNDRED YEARS!
This would be a doubling every 10 years, so we have 70 doublings of the ten million or
10 x 2 to the 70th power = 1.18 × 10 to the 21st power.
Thus we have about 1.18 x 10 to the 22nd power million dollars owed to the Templars since we started with 10 million dollars.
$11 800 000 000 000 000 000 000.00 = Eleven septillion, 800 pentillion dollars.
Wow – since the annual global economy is only about $150 trillion….. I hope the Templars will take a personal check for the rest.