Digital Currency

Don't forget the mass of 1T bills will compress the actual thickness of each bill so that the stack would never actually reach 67,866 miles, it would be smaller.
The more important fact here is that with 31.4T bills, we could light 31.4T separate cigars.
A far better way to dispose of our wealth than pissing it away on government bridges to nowhere projects.

KiwiShane said:

Really so are you the mathematician ?

U.S. MEDIA > Overviews of U.S. Media > An Unfettered Press

It is only 8:30 on Monday morning, and Mary Kinney already has a busy day planned. Kinney, an American radio advertising executive, is preparing for a morning meeting at the local power company, which is using the radio station Kinney works for to run a promotional advertising display at a home...

usinfo.org

Click to expand...

No, but I wish I had seen that to check myself - at least it agrees. I got the bill thickness from several sites on the Internet and verified it with a micrometer and several new bills - the rest is 4th or 5th grade arithmetic.

marshg246 said:

No, but I wish I had seen that to check myself - at least it agrees. I got the bill thickness from several sites on the Internet and verified it with a micrometer and several new bills - the rest is 4th or 5th grade arithmetic.

Click to expand...

It Agrees ...its almost word for word...how extraordinary ?
So your point being that raising the debt ceiling is a no brainer and should be extended...or should I say be raised ??

It Agrees ...its almost word for word...how extraordinary ?

As I said to start, this started as a 50+ year old way of understanding the GDP. That number disputes what was said all those years ago. So then, I wanted to know the reality of today. Not sure what you're fussing about - if you have something to say, just say it!

So your point being that raising the debt ceiling is a no brainer and should be extended...??

Of course not. There should be no debt and therefore no need for a debt ceiling! And if it is absolutely needed, then we should at least be able to pay the interest on the debt which we cannot - hence deficit spending! Most Americans don't understand that deficit spending is the amount of the interest on the debt we can't cover. In our households, if you can't pay the interest on your debt, bankruptcy follows.

marshg246 said:

It Agrees ...its almost word for word...how extraordinary ?

As I said to start, this started as a 50+ year old way of understanding the GDP. That number disputes what was said all those years ago. So then, I wanted to know the reality of today. Not sure what you're fussing about - if you have something to say, just say it!

So your point being that raising the debt ceiling is a no brainer and should be extended...??

Of course not. There should be no debt and therefore no need for a debt ceiling! And if it is absolutely needed, then we should at least be able to pay the interest on the debt which we cannot - hence deficit spending! Most Americans don't understand that deficit spending is the amount of the interest on the debt we can't cover. In our households, if you can't pay the interest on your debt, bankruptcy follows.

Click to expand...

Unless they start up the printing machines again....to pay the self debt

US economy projected to be slower than Europe’s in 2023 …
while America is paying for a European War in Ukraine..how can that be ….how stupid can these people be….

"No politics" is impossible when discussing our problems, because they are mostly rooted in out-of-control politics & politicians...

Look here: https://view.officeapps.live.com/op...irs-soi/21dbs01t06co.xlsx&wdOrigin=BROWSELINK

In 2021, the IRS took in $4,111,569,512,000 ($4.1T) - it's a little hard to pay off $31,400,000,000,000 ($31.4T) with that income.

I'm not as worried about self-debt (around $12T).

If you haven't seen it, this is interesting/scary: https://www.usdebtclock.org/

marshg246 said:

Look here: https://view.officeapps.live.com/op/view.aspx?src=https://www.irs.gov/pub/irs-soi/21dbs01t06co.xlsx&wdOrigin=BROWSELINK

In 2021, the IRS took in $4,111,569,512,000 ($4.1T) - it's a little hard to pay off $31,400,000,000,000 ($31.4T) with that income.

I'm not as worried about self-debt (around $12T).

If you haven't seen it, this is interesting/scary: https://www.usdebtclock.org/

Click to expand...

Thanks Greg its never been my intention to come accross negative...im just being real about the current financial state of affairs we ALL face globally.
I have always been taught to believe...If America sneezes...We ALL catch a cold.
Have a good day/evening

And just like that...here we go..
Kiwi households advised to prepare for recession
The World Bank is warning the global economy is on a "razor's edge" with interest rates to curb inflation - the biggest threat to growth.

unfurl="true"]https://www.1news.co.nz/2023/01/12/kiwi-households-advised-to-prepare-for-recession/[/URL]

concours said:

Look at the HANDS of young people.....
You can see bones & ligaments/tendons. NO MUSCLE AT ALL.
They DO NOTHING. They don't mow lawns. They don't wash cars. They don't take out the trash. They don't shovel snow.

We are so screwed.

Click to expand...

TBH I'd expect their hands to be the ONLY place with muscle, all that texting!!
This story made me laugh/cry. Twenty eight year old guy living with Mum, almost driven to suicide 'cos he ain't bright enough to chuck his phone away and buy a new one. Even sadder that it got to court, any sane person would have slapped both their legs and fined them for wasting the court's time...
But that's the 'modern' world, sadly....

EstuaryBoy said:

TBH I'd expect their hands to be the ONLY place with muscle, all that texting!!
This story made me laugh/cry. Twenty eight year old guy living with Mum, almost driven to suicide 'cos he ain't bright enough to chuck his phone away and buy a new one. Even sadder that it got to court, any sane person would have slapped both their legs and fined them for wasting the court's time...
But that's the 'modern' world, sadly....

Woman harassed ex-boyfriend with 1,000 texts and 150 calls a day after break-up

Michelle Felton, of Ellesmere Port, Cheshire, was handed a restraining order after admitting harassing her ex-boyfriend.

uk.news.yahoo.com

Click to expand...

This is not the modern world.
This is the tabloid nonsense of two childish morons (sound familiar?)
This kind of garbage news exists purely because people click on and willingly share it around.

NPeteN said:

This is not the modern world.
This is the tabloid nonsense of two childish morons (sound familiar?)
This kind of garbage news exists purely because people click on and willingly share it around.

Click to expand...

It may be clicked on and shared yes
But unless this is a completely fabricated story then sadly is does reflect the modern world because it happened

People have been doing stupid shit since the dawn of time.
The REAL issue here is that modern technology has made it profitable.

NPeteN said:

People have been doing stupid shit since the dawn of time.
The REAL issue here is that modern technology has made it profitable.

Click to expand...

I guess modern technology is a double edged sword
It can keep people more informed and dissinformed /distracted
We used to rely on the tabloid press for that

baz said:

I guess modern technology is a double edged sword
It can keep people more informed and dissinformed /distracted
We used to rely on the tabloid press for that

Click to expand...

Agreed.
My opinion, it has done us more harm than good. Suppose it depends on who is pulling the strings. Unfortunately there is more money to be made in fear and anger.

KiwiShane said:

Unless they start up the printing machines again....to pay the self debt

US economy projected to be slower than Europe’s in 2023 …
while America is paying for a European War in Ukraine..how can that be ….how stupid can these people be….

The U.S. economy and stocks face a difficult year — and could even lag Europe

After a tough 2022, some strategists argue this year could be Europe's time to shine.

www.cnbc.com

Click to expand...

Funny you should mention "printing machines"

concours said:

Funny you should mention "printing machines"

Crane Currency To Be Sold For $800M, Manufacturing Will Remain In Dalton

Currency titan Crane & Co., headquartered in Boston, is being sold for $800 million to a Connecticut company with a similar name. The company has strong…

www.wamc.org

Click to expand...

This Annemarie Watson gets around formally of Crane Currency
She's now with this company.
The below article was unable to be shared so I copied a Snippet of it for later digging into.
WOBURN, Mass., August 01, 2022--(BUSINESS WIRE)--Covaris, LLC ("Covaris" or "the Company"), a manufacturer of advanced tools enabling life science innovations, announced today that it has appointed Annemarie Watson as Chief Executive Officer, effective immediately. Ms. Watson succeeds Covaris founder Jim Laugharn, who will remain an investor in Covaris and on serve on the Company’s Board of Directors, as well as assuming the role of Chief Technology Officer. Annemarie brings to Covaris a wealth of leadership experience in life sciences and other technology-intensive industries, and a passion for leading innovation and growth.

Most recently, Ms. Watson served as Senior Vice President of Clinical Diagnostics for Eurofins Scientific, where she was responsible for the North American Clinical Diagnostics segment with 1,500 employees across 21 laboratories serving 10 businesses. Previously, she was President of Crane Currency, the global leader in anti-counterfeiting technology solutions. Prior to her time at Crane Currency, Annemarie served as Vice President Business Process Improvement and Global Supply Chain at MDS Inc. (now Nordion), where she served businesses such as radiopharmaceuticals, pharma services and mass spectrometry. She has also held leadership roles at Honda of Canada Manufacturing, and the Boston Consulting Group.

"We are thrilled to welcome Annemarie and believe that her broad leadership experience in life sciences and technology-intensive industries will be instrumental in our success through our next phase of growth," said Christopher O’Connell, Executive Chairman of the Covaris Board of Directors and Senior Advisor at New Mountain Capital. "We look forward to working with Annemarie as we leverage Covaris’ leading biomolecule extraction technology to accelerate life sciences innovation."


"I am grateful to have been given the opportunity to lead Covaris, a leader in the life sciences industry with a strong culture of innovation," said Annemarie Watson, Chief Executive Officer of Covaris. "I have been incredibly impressed with Covaris’ market-leading technology and look forward to working with our team and our partners at New Mountain Capital to expand our capabilities, help bring our technology to more customers, and continue to cement our place as the preeminent sample prep platform for multiple discovery and analytical workflows."

NPeteN said:

This is not the modern world.
This is the tabloid nonsense of two childish morons (sound familiar?)
This kind of garbage news exists purely because people click on and willingly share it around.

Click to expand...

It's not the 'garbage news' aspect that got me, rather the total waste of legal resources. Both time and money, and doubtless funded by the UK taxpayer....

Gun-to-your-Head….Yellen says ‘we are out of cash’ …’we are out of cash’….’we are out of cash’…

Yellen says U.S. will hit debt limit Thursday, warns of ‘irreparable harm’​

Too late on the "irreparable harm" deal, that duck quacked decades ago.