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SVreX
SVreX SuperDork
11/14/08 6:03 p.m.
GameboyRMH wrote:
SVreX wrote: I heard it described this way. A million dollars in tightly stacked bills $100 would make a small stack- twice the size of a brick. A billion dollars would fill a large room to the ceiling.
I doubt that. Just last night a guy who worked at a bank told me that a million dollars in uncut sheets was roughly the size of a suitcase. So it would be roughly 1000 suitcases. Or to help visualize it, if every passenger on a 747 took one suitcase, it would be around 2 747's worth (depending on the seating configuration).

What denomination?

A ream of paper is about 1 1/2" thick- 500 sheets.

I said 100 dollar bills- that's 1000 bills- twice the thickness of a ream of paper, if each sheet was the same. There not, so let's call them double the size. That puts 1 million in neatly stacked $100 bills at approximately 6" thick.

Either your bank friend is either mistaken, or discussing $10 bills.

curtis73
curtis73 GRM+ Memberand Reader
11/14/08 10:04 p.m.

If you spent $1 every second, it would take you 31,710 years to get to a trillion.

If you were at the point where you had already spent a trillion, you would have started spending in these conditions:

  • Wooly Mammoths and Sabretooth Tigers would still have 20,000 years before their extinction

  • Man was using stone tools

  • The idea of heating clay to make ceramics wasn't discovered yet

  • Stonehenge wouldn't be built for another 25,000 years

  • The transition from Austrilopithicus to Paranthrapus and Homo Erectus was just happening.

  • You would be in the middle of the Pliestocene Epoch.

  • You would have no coherent language other than grunts and moans.

All that, if you spent $1 a second.

scubaru
scubaru New Reader
11/15/08 4:31 a.m.

We gotta get rid of the dollar as currency so the government can start implementing the Amero. What better way to do it then to print more money than its worth.

Luke
Luke Dork
11/15/08 4:54 a.m.
SVreX wrote:
GameboyRMH wrote:
SVreX wrote: I heard it described this way. A million dollars in tightly stacked bills $100 would make a small stack- twice the size of a brick. A billion dollars would fill a large room to the ceiling.
I doubt that. Just last night a guy who worked at a bank told me that a million dollars in uncut sheets was roughly the size of a suitcase. So it would be roughly 1000 suitcases. Or to help visualize it, if every passenger on a 747 took one suitcase, it would be around 2 747's worth (depending on the seating configuration).
What denomination? A ream of paper is about 1 1/2" thick- 500 sheets. I said 100 dollar bills- that's 1000 bills- twice the thickness of a ream of paper, if each sheet was the same. There not, so let's call them double the size. That puts 1 million in neatly stacked $100 bills at approximately 6" thick. Either your bank friend is either mistaken, or discussing $10 bills.

But you'd need 10,000 $100 bills to make a million, not 1,000. So, more like 20 reams of paper.

Also, 700 billion dollars in pennies would require 70 trillion of them. According to math,70 trillion pennies in a stack would reach 2/3 the way to the sun.

Jay
Jay HalfDork
11/15/08 7:31 a.m.

I'm in Indonesia again and I couldn't help but notice - $850 Bn is pretty much the TOTAL GDP of this country. Wow.

Handing that over to corporations that have proven themselves to suck at business doesn't strike me as a really good solution. It may save some of them from immediate destruction but as a long-term fix for the economy? I'm skeptical.

  • J
poopshovel
poopshovel Dork
11/15/08 9:13 a.m.
carguy123 wrote: The one trivial fact that people keep forgetting about the bailout is that it isn't lost money. It's a freakin' loan! And it's also at a very high interest rate so there is money to be made. Another aspect is a stock buy. Let's see, the old adage is buy low and sell high? They bought at the lowest possible price and therefore there will also be a big profit on that portion. Some future president will get all the credit for a drop in the National debt.

So let me ask the rhetorical smartass question:

If it's such a great berkeleying investment, why weren't people lining up to buy stocks on their own? Give me a billion dollar "loan" and see what I could do with our company in ten years.

And let's see, regarding stocks, now the government owns controlling shares in the largest insurance provider in the world, right? Awesome.

carguy123
carguy123 HalfDork
11/15/08 9:46 a.m.

Well the smart people are lining up.

I've got a ton! Cause I can afford a ton now and later I'll only be able to afford a few.

And you would have preferred the insurance company go under?

That insurance company had plenty of money, but unfortunately if they'd have used it to meet the sudden call on their note then they wouldn't have had the govt mandated reserves to be an insurance company any more and they'd have had to close their doors. So I guess that would have been preferable?

Another scenario would have been a fire sale on their assets and the resulting economic issues?

So yeah, the govt owning shares is a much worse scenario!

GameboyRMH
GameboyRMH GRM+ Memberand SuperDork
11/15/08 12:18 p.m.
curtis73 wrote: - The transition from Austrilopithicus to Paranthrapus and Homo Erectus was just happening.

Or, for the creationists on the board, Adam and Eve were still walking around naked but Eve was getting a little too close to that forbidden tree

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