If we line up $100 bills out $40 billion dollars, what distance have we travelled?
$40,000,000,000/$100
400,000,000 individual bills
400,000,000 * 6.14 inches of length in a dollar bill = 2456000000 inches
/12 (inches in a foot)
204666666.66 feet
/5280 (feet in a mile)
38,762 miles
Yes, thirty eight thousand, seven hundred sixty two miles of $100 bills end-to-end per month!
(A mere 24,901 miles is the circumference of the earth.)
And if we travel that far in one month's time how fast are we lining up $100 bills end-to-end in MPH?
38762
/30 (days in a month)
1292 miles per day
/24 (hours in a day)
53 MPH
somebody please correct my math... tell my I'm wrong. This is beyond scary.
Keep him tied, it makes him well
He's getting better, can't you tell?
No more can they keep us in
Listen, damn it, we will win
They see it right, they see it well
But they think this saves us from our hell
...and if any of the other heads were severed
another would grow in its place...
Now go press play on the POV! I suggest fullscreen to truly enjoy the experience. Might want to leave a comment on the youtube!
Last edited by presence; 12-10-2012 at 01:02 PM.
It does not require a majority to prevail,
but rather an irate, tireless minority keen
to set brush fires in peoples minds
Revolution is Action upon Revelation
Got crypto? 64% Bitcoin gain in the past 48 hours since 4/17/13. 26% in the last 6 hours alone.
It does not require a majority to prevail,
but rather an irate, tireless minority keen
to set brush fires in peoples minds
Revolution is Action upon Revelation
Got crypto? 64% Bitcoin gain in the past 48 hours since 4/17/13. 26% in the last 6 hours alone.
If it makes you feel any better, according to Trader Dan, the Fed didn't really start QE3 when they first announced it:
Originally Posted by Nov. 10
As you all know by now, the Federal Reserve boldly announced plans "to boldly go where no man has gone before" and purchase each and every month, the tidy sum of $40 BILLION in US Mortgage Backed Securities (MBS ) to "aid the recovery". This was supposed to begin in September of this year and continue on out as far as the eye can see, into infinity, as my friend Jim Sinclair has stated, or until economic conditions warrant a cessation of the program.
Here is the problem however. I have been closely monitoring the balance sheet of the Fed each and every week and I simply do not see it! Take a look at the following chart I have constructed of the overall balance sheet but detailing also the sum of mortgage backed securities contained therein.
Can you see how both lines have basically flatlined since the cessation of QE2 last year? Does anyone out there see a climbing MBS line on this chart especially to the tune of $40 billion higher each month? I sure don't!
...
After questioning last week where the Fed's QE3 had gone, it seems as if we got an answer this week. This afternoon's report on the Fed Balance Sheet shows a sharp increase in Mortgage-Backed Securities holdings on their Balance Sheet, $37 Billion to be exact.
...
If it makes you feel any worse, the Fed is likely to announce in just a couple of days the effective doubling of QE stimulous from the current $40B in mortgage backed securities to ~$85B in MBS and Treasuries:
QE3 = $100 bills end-to-end at 53 MPH ??? *pinch me*
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Originally Posted by Nov. 10
