Gosh, people send me stuff. Today I discovered a huge windfall. My friend and volunteer moderator DB Stealey sent me 100 TRILLION dollars in the mail today. Here’s a scan of the bank note:
I’m rich! I can fund my own climate research group, I can get that Ferrari! Now all I have to do is convert it to US Dollars…and um…plot like Dr. Evil here.
Oh, wait…
Seems it is worth about $30 in this January 2009 BBC article. Well at least I can buy a nice lunch.
Well, maybe not. McDonalds maybe?
Lessee…what’s the exchange rate today?
Maybe if I hurry, I can still buy a hot dog and a coke at Costco. I wonder why they bother putting a security strip in the banknote?
Well, it’s still worth more than this:
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Happy Friday everybody!
Chinese should be worried !
And in irony of ironies, the ad that Google stuck in the middle of this piece was for, wait for it!:
Robin Carnahan for Senate,
Ready for common sense solutions? Join our grassroots campaign today!
http://www.RobinCarnahan.com
Robin, needless to say, is a person we can count on to keep those printing presses running. She believes that we can borrow ourselves rich and spend our way out of any government-caused depression like any mindless Keynesian.
I have been trying to buy carbon credits with 1/2 billion dollars I have won on my computer in cyber dollars. At par they are equivalent.
“it’s still worth more than this:”
LOLROF!!!!
A good way to end another week in the world of Climate and financial hypocrisy.
You know when your currency is no good ?
When the paper it is written on is worth more.
In a podcast on the recession that I recently listened to, I heard an
economist talking about what happens when government prints money: it just
dilutes the existing wealth. He said that in Germany before Hitler, when
rampant inflation peaked, that in numbers of Marks, the sum total of all
German home mortgages was worth 1/4 of 1 US cent. That is what inflation
can do to your savings. We must stop our government from going any further
down the road it is on. We must grow our way out of this recession. We
cannot print our way out of it.
Rich people here should move to Zimbabwe. They’d be Quintilionaires, or Sextillionaires.
haha a few more years and they’ll have to invent new prefixes for their currency…or start using scientific notation.
I’m from the old school.
Is the con job of trying to sell the Brooklin Bridge still going on to tourists and the Statue of Liberty?
Shares in the Moon?
I’m selling donut holes…just the space inside.
With all the money you get from Big Oil, this really doesn’t seem to get you excited.
Doug- “haha a few more years and they’ll have to invent new prefixes for their currency…or start using scientific notation.”
I suggest moving to the ‘comma’ method of valuing currency, similar to what was done for VC-funded start-ups during the dot-com bubble.
1 comma = 1,000 ZD (Zimbabwe Dollars)
2 comma = 1,000,000 ZD
3 comma = 1,000,000,000 ZD
etc.
This works well if the smallest increment in denomination is 10^3. So, a 100 Trillion ZD would not exist.
I’d suggest that when the US Treasury starts printing $100 Trillion bills, we put the face of the politician most responsible for this debacle on them. They should also be 4½” wide, and printed on rolls with a cardboard tube in the middle, for ease of use.
The Great Germain Inflation after WWI, the Tulip Scheme, and the Mississippi Bubble, Brazil more recently. Ain’t paper money grand!
The story about the German workers who would throw their pay over the fence to the frau who would run to buy anything rather than stay for an hour in paper may say it all.
For more, browse http://www.AIER.org.
Those were available as a set of 4 bills for a while on ebay for about 10 USD and may still be. Rhodesia just revalued the currency and knocked 11 zeros off the end. So that bill is now 10 new Rhodesian funnybux. Basically, the people in Rhodesia now use foreign currency for any transactions. There are signs (and I am not putting you on) in South Africa that state that you should not use newspaper, Rhodesian money, and a couple other things to wipe yourself in the loo.
: )
If you have the time this is worth a view.
[US DOE] ENERGY SEC. CHU REMARKS ON ENERGY AND CLIMATE CHALLENGES
Monday, March 29, 2010
Washington, DC : 1 hr. 6 min.
http://www.c-span.org/Watch/Media/2010/03/29/Energy/A/31241/Energy+Sec+Chu+Remarks+on+Energy+and+Climate+Challenges.aspx
That bill is ominous vision of our future. When the rest of the world finally grows tired of lending us money to pay them the interest on the money they lent us previously the only option, other than complete default, will be the printing presses.
Bloomberg is reportedly actually trying to sell the bridge!
http://news.bbc.co.uk/2/hi/americas/1844493.stm
I wonder if that pile of rocks pictured on the front of the bank note is worth more or less than $100 trillion ZD. ;-> Pretty sad when corrupt governments take over.
Remarkably, this note is probably worth more on ebay than on the streets of Zimbabwe where US$ are now the currency of choice and legal tender. This too was after the re-denomination where about 9 zero’s were removed – yeah great success that turned out to be. Computers were having problems with all the zero’s.
Mods – here is the sorry tale of the fall – halfway down the page. Note inverted log scale!! http://www.zimbabwesituation.com/apr21_2010.html
Just remember, these are the poor people suffering the effects of climate change NOW and need your tax dollars NOW before its too late. Because this is all due to climate change and global warming and it will only cost $100 billion to make it go away. Perhaps you could forward this note to Hilary Clinton to help her pay your share.
I just might be a little thick today but did you drop a couple of zeros when entering to the exchange converter? When I enter 100,000,000,000,000 to the converter it comes out to 7859.43 US dollars. What am I missing here?
100 trillion = 1X10^14 or 100,000,000,000,000
“Paper money eventually returns to its intrinsic value: zero.” — Voltaire
And this will include ours
End the Federal Reserve! They are moving us ever closer to the Wiemar Republic and Zimbabwe. Our debt is over 10 trillion plus we have unfunded mandates totaling in the tens of trillions.
Get to the life boats! The Titanic is going down! Meanwhile, the government is polishing the brass and sayin’ there ain’t nothing to worry ’bout.
From the looks of the bill, they seem to care about it being counterfeited. Why? Maybe its the proof for the US bill of 2020.
Under the heading, There They Go Again, Reuters reports a toxic fungus is infesting the Pacific Northwest, and global warming “may be helping it spread.” http://www.foxnews.com/story/0,2933,591387,00.html?test=latestnews
Now, I can’t stand Al Gore but even that makes me wince for him. When it’s wiser to invest Zimbabawe dollars than buy a carbon credits… ouch!
Oh, man!
Now all those 100 billion dollar ZImbabwe “Special Agro-Cheques” I bought on eBay last year are worthless!
Speaking of worthless, if you actually click on the Carbon Exchange link above you get this wonderful piece of data:
“Total Daily Electronic Volume: 0 mt CO2”
http://www.chicagoclimatex.com/market/data/daily.jsf