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Message
How long does it take to print $ 2 T ?
Posted on 4/1/20 at 9:40 am
Posted on 4/1/20 at 9:40 am
Need a lot of cash in the banks to support the stimulus program & doubt that much has been in a warehouse some place :-)
Edit: consensus is 10% of the money is cash, so how long will it take to print $ 200B? Politician have thrown the term billion around so much we take it for granted. Of you wanted to pay back a billion dollar loan at the rate of $1 per second, it would take 33,641 years. How old is America? :-)
Edit: consensus is 10% of the money is cash, so how long will it take to print $ 200B? Politician have thrown the term billion around so much we take it for granted. Of you wanted to pay back a billion dollar loan at the rate of $1 per second, it would take 33,641 years. How old is America? :-)
This post was edited on 4/1/20 at 9:45 pm
13
Posted on 4/1/20 at 9:40 am to tigernnola
They could print one 2T dollar bill. Would probably be a coin though.
This post was edited on 4/1/20 at 9:42 am
Posted on 4/1/20 at 9:41 am to tigernnola
Posted on 4/1/20 at 9:42 am to tigernnola
I believe that is more than the entire physical money supply (or maybe right at the same). Most of our money supply that is used is completely digitized.
Posted on 4/1/20 at 9:43 am to tigernnola
Not long if you choose the right denomination:
Posted on 4/1/20 at 9:43 am to tigernnola
I wonder how much of it is actually printed vs digitally transferred to a banks accounts. I mean does bank of America or whoever really have literally all of the money people have deposited to them sitting in vaults across the US? Or only something like 10%?
Posted on 4/1/20 at 9:44 am to tigernnola
Chinese could probably print $2T of that "yang money" in a couple hours...
Posted on 4/1/20 at 9:44 am to tigernnola
Physical currency is generally about 10% of the “money” in circulation. Most of it is just a ledger entry. They probably aren’t printing much, if anything.
Posted on 4/1/20 at 9:44 am to jlovel7
quote:
does bank of America or whoever really have literally all of the money people have deposited to them sitting in vaults across the US
God no.
Posted on 4/1/20 at 9:45 am to jlovel7
quote:
I mean does bank of America or whoever really have literally all of the money people have deposited to them sitting in vaults across the US? Or only something like 10%?
10% is literally the requirement under fractional reserve banking.
If everyone across the country tried to cash out their bank accounts, the entire system would collapse.
Posted on 4/1/20 at 9:47 am to fightin tigers
quote:
They could print one 2T dollar bill. Would probably be a coin though.
Otherwise we'd tear it in half and take it to the bank
4 trillion dollars baw
Posted on 4/1/20 at 9:47 am to tigernnola
Zoomers are fricked. They'll be handicapped by debt.
Posted on 4/1/20 at 9:47 am to tigernnola
Nice try Mr. Secret Service man. You almost got me
This post was edited on 4/1/20 at 9:48 am
Posted on 4/1/20 at 9:48 am to RogerTheShrubber
Roger our monetary system isn't real bro
None of this matters
None of this matters
Posted on 4/1/20 at 9:54 am to tigernnola
Make it go brrrrrr
Posted on 4/1/20 at 9:55 am to tigernnola
as long as it takes to move a decimal point in a computer
Posted on 4/1/20 at 9:56 am to Pettifogger
quote:
Roger our monetary system isn't real bro
It's don't see him w we escape inflation if we keep dumping money into the market.
Posted on 4/1/20 at 10:01 am to fightin tigers
quote:
They could print one 2T dollar bill. Would probably be a coin though.
Smart. That way you don't have to worry about somebody leaving it in their pocket and running through the washing machine by mistake.
You do have to pay attention and make sure you don't mix it up in your car's change dish and accidentally hand it out when passing through the drive thru, though.
This post was edited on 4/1/20 at 10:03 am
Posted on 4/1/20 at 10:04 am to tigernnola
Fact: it takes 31,000+ years to count to one trllion.
Not even industrial high-tech printing could print that much in generations upon generations, much less printing 2 trillion in a month.
It was explained to me that the "money multiplier" accounts for much of the money exchanged. There's not that much printed money actually in circulation or even close to it.
Not even industrial high-tech printing could print that much in generations upon generations, much less printing 2 trillion in a month.
It was explained to me that the "money multiplier" accounts for much of the money exchanged. There's not that much printed money actually in circulation or even close to it.
Posted on 4/1/20 at 10:05 am to jlovel7
quote:
I wonder how much of it is actually printed vs digitally transferred to a banks accounts. I mean does bank of America or whoever really have literally all of the money people have deposited to them sitting in vaults across the US? Or only something like 10%?
Still has to be printed/minted.
They’re making a $2T coin IIRC.
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