Money What would happen to this country if.... - Page 2

eDave · 07-27-2015, 07:57 PM

Quote:

Originally Posted by R8RFAN

how much is that anyway? I never was real good at math

$87.34

**loochy** · 07-27-2015, 07:58 PM

Quote:

Originally Posted by R8RFAN

how much is that anyway? I never was real good at math

**Mr. Flopnuts** · 07-27-2015, 08:00 PM

Quote:

Originally Posted by R8RFAN

how much is that anyway? I never was real good at math

3 quintillion. Unfathomable...

**Perineum Ripper** · 07-27-2015, 08:03 PM

Quote:

Originally Posted by Mr. Flopnuts

3 quintillion. Unfathomable...

I would invest in one of these for the strip clubs

Hydrae · 07-27-2015, 08:29 PM

Quote:

Originally Posted by Mr. Flopnuts

3 quintillion. Unfathomable...

300 trillion

Amnorix · 07-28-2015, 07:48 AM

Quote:

Originally Posted by Hydrae

300 trillion

Also unfathomable.

Hyperinflation would result, and presumably bankruptcy for the US government. The entire federal budget for this year is $3.4 trillion, and even that is running in the red. Next year let's do $303.4 trillion!

FlaChief58 · 07-28-2015, 04:36 AM

Quote:

Originally Posted by R8RFAN

how much is that anyway? I never was real good at math

tree fiddy

Hoover · 07-28-2015, 07:10 AM

Quote:

Originally Posted by Marcellus

Though keep in mind, $300MM x 1MM is an absurd amount of $.

Where would we get the $3 quintillion to give people? China? Taxpayers?

**Rain Man** · 07-28-2015, 09:50 AM

Quote:

Originally Posted by Hoover

Where would we get the $3 quintillion to give people? China? Taxpayers?

You just print it. That's the easy part.

'Hamas' Jenkins · 07-27-2015, 07:56 PM

Discuss Thrower · 07-27-2015, 08:00 PM

Probably a shortage of certain big ticket items as people who don't give a **** about financial security and the money savvy alike go out and buy them up because 'why not?'

Lots and lots of white knighting on SM of people who chose to give a big portion if not all of their $1M to increasingly obscure charities.

Could see a lot of business ventures started as people partner up.. Have to believe a big ol' real estate bubble forms for residential and commercial properties alike as people buy up some shit.

I'd guess an increase in air travel demand as people decide to use their new found fortune to see the world -have to believe that causes a little bit of a surge in fare prices, right? BRB going long on airline stocks.

Lonewolf Ed · 07-27-2015, 08:01 PM

By the end of the week, there would be poor people once again.

ThaVirus · 07-27-2015, 08:03 PM

Quote:

Originally Posted by Lonewolf Ed

By the end of the week, there would be poor people once again.

**Rain Man** · 07-27-2015, 08:18 PM

Interesting question. My theory is as follows.

As soon as checks are issued, a number of people will retire, and they'll be the people who really can't afford to retire. They'll spend a bunch of money, inflation will increase, and they'll end up poor.

Prices will rise quickly due to labor shortages in low-wage jobs and the decreased value of the dollar.

The inflation will dilute the value of people's retirement accounts, so upper middle class people will either see no change to their station in life or will have a more difficult time retiring. Middle class people will see a bump in their savings toward retirement, and will likely make a splurge purchase or two. Inflation will dilute the cost of a mortgage, so 25% of the population will pay down or pay off a mortgage, producing a lot of cash in banks.

The banks will make money available at a very low rate since they're swimming in money. Low-income people will want to buy homes en masse, which will create construction jobs at inflated wages, but mostly will drive a big housing price increase. This increase will freeze out low-income people from buying a home while increasing the nominal value for current homeowners.

Lots of people will buy gadgets at inflated prices, with much of the profit going to China.

Rich people will have inside information that it's coming, so they'll convert their cash to tangible goods and will ride inflation up to make a killing.

**Iowanian** · 07-27-2015, 08:21 PM

Someone would have $2mil 30 seconds into the first day and someone else would be broke with a hando out after the first coin flip of the first minute.

07-27-2015, 07:56 PM	#10
'Hamas' Jenkins Now you've pissed me off! Join Date: Jan 2006 Casino cash: $7989572
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07-27-2015, 08:00 PM	#11
Discuss Thrower "You like to drink?" Join Date: Jun 2006 Location: "I like to drink." Casino cash: $3086869	Probably a shortage of certain big ticket items as people who don't give a ** about financial security and the money savvy alike go out and buy them up because 'why not?' Lots and lots of white knighting on SM of people who chose to give a big portion if not all of their $1M to increasingly obscure charities. Could see a lot of business ventures started as people partner up.. Have to believe a big ol' real estate bubble forms for residential and commercial properties alike as people buy up some shit. I'd guess an increase in air travel demand as people decide to use their new found fortune to see the world -have to believe that causes a little bit of a surge in fare prices, right? BRB going long on airline stocks. __________________ Chiefs 2016 Opponents: Home: JAX, TEN, NO, TB, NYJ. Away: HOU, IND, ATL, CAR, PIT Chiefs 2017 Opponents**: Home: BUF, MIA, PHI, WSH, AFC North. Away: NE, NYJ, NYG, DAL, AFC South
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07-27-2015, 08:01 PM	#12
Lonewolf Ed Veteran Join Date: Jun 2005 Location: Olathe, KS Casino cash: $10606233	By the end of the week, there would be poor people once again.
Posts: 3,774

07-27-2015, 08:18 PM	#14
Rain Man NFL's #1 Ermines Fan Join Date: Jul 2001 Location: My house Casino cash: $3148491 VARSITY	Interesting question. My theory is as follows. As soon as checks are issued, a number of people will retire, and they'll be the people who really can't afford to retire. They'll spend a bunch of money, inflation will increase, and they'll end up poor. Prices will rise quickly due to labor shortages in low-wage jobs and the decreased value of the dollar. The inflation will dilute the value of people's retirement accounts, so upper middle class people will either see no change to their station in life or will have a more difficult time retiring. Middle class people will see a bump in their savings toward retirement, and will likely make a splurge purchase or two. Inflation will dilute the cost of a mortgage, so 25% of the population will pay down or pay off a mortgage, producing a lot of cash in banks. The banks will make money available at a very low rate since they're swimming in money. Low-income people will want to buy homes en masse, which will create construction jobs at inflated wages, but mostly will drive a big housing price increase. This increase will freeze out low-income people from buying a home while increasing the nominal value for current homeowners. Lots of people will buy gadgets at inflated prices, with much of the profit going to China. Rich people will have inside information that it's coming, so they'll convert their cash to tangible goods and will ride inflation up to make a killing. __________________ I'm putting random letters here as a celebration of free speech: xigrakgrah misorojeq rkemeseit.
Posts: 141,579

07-27-2015, 08:21 PM	#15
Iowanian Supporter Join Date: Aug 2000 Location: Utopia Casino cash: $4678454	Someone would have $2mil 30 seconds into the first day and someone else would be broke with a hando out after the first coin flip of the first minute.
Posts: 61,548