this post was submitted on 10 Feb 2024
444 points (95.9% liked)
Technology
74003 readers
3071 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
i guess the number they want to fundraise comes from an AI (maybe because they do not want to think by themselves any more)
as far as i am right with the "trillion" which is just a "billion" where i live and 1e12 (a 1 followed by 12 zeroes)
but according to wikipedia (in 2017) there are only:
14.000.000.000.000 USD existing in the world while they want to fundraise 7.000.000.000.000 USD
so basically they want half of the USD that had been printed in all history up until 2017.
maybe they just want to say that they want to push YOU into poverty, who knows.
may it by getting it from you or by letting some govs print money faster than ever, reducing your money to half or less of a fraction of its previous virtual value.
But the AI that came up with that number had "good luck" to not come up with the need of "more" money than ever has existed =D
i think i'ld prefer to use a dice when i really need a random "decision".
update: Plz tell me if i am wrong with the numbers or what the current 2024 number of all "printed" (well physical AND digital) USD in the world is at the moment. thx
That is not how that works...
It may not reflect some of the weirdness, but it illustrates the absurdity of the scale well.
Some other comparisons: It's about a third of all US economic activity
It's about fifteen times more than the total economic activity around all electronic chips.
It's five to seven times more money than all the nations' military spending combined.
Even adjusted for inflation, it's about 20 to 30 times more money than spent on all the Apollo missions combined.
Adjusted for inflation, it's about six to nine times the amount spent on the new deal.
This is a stupid amount of money no matter how you account with nothing close to compare.
Or about the price of a middle sized family house in the US, lol.
yeah, thats exactly what i am saying, most of the money ever printed sits in places it will never leave, so IMO there are no 5trillion available on the market and the cash flow does not allow to take out even a "little" bit (speaking in 1e12 terms) before things collapse for the majority.
oh yes, printing money works exactly like that, it was just printed in the past and nowadays they just increase numbers in databases: plopp and the value of that currency and especially everything that is bound to it decreases, ripping you of what you have saved without even touching your bank account.
I agree that getting that amount of money, practically speaking, will be difficult.
If they can get so much money, and can spend it/set it in motion in the economy/not just horde it, then it would be great.
However, I don't think it is a good idea for one company to have so much money at one point in time.