What Would You Do With $89 Billion?

How is this nanotechnology?

Well $89 Billion is pretty small compared to our national debt and entitlement commitments. But I think that's a stretch.

I would have pulled out every dime, booked a flight to some corner of the world without an extradition treaty, and vanished off the face of the earth as far as anyone would be able to tell.

Rorschach it's a good idea but based on old thinking.

Instead you could quickly incorporate and create a bank, install yourself as chairman, pay yourself a performance fee (after all you've just grown the bank by a zillion percent).

Any tiresome problems like paying the money back then become a problem for the legal people to sort ought, you can step back and take a well earned vacation.

This is, of course, nothing like what happens in the real world.

Hi Rory,

No one bank has $89 billion in cash but I retrieve or take out of the account the maximum to have a better life than I have today, and this within "one" hour. Paul was slow! Paul missed an opportunity. The bank must compensate him because he did not touched the error money. It was his money for 5 hours!

The $89 billion could be used as legal-fee to keep the money? Ask a lawyer!

The most important, banks are foulish and uncompetent. How someone can make an error without noticing for 5 hours? It demonstrate that humans are the way they create the picture from themselves.

Let me think a little bit longer what to do with that amount of money, Gil.

I'd give it back, but claim all the interest earned during its 5 hour stop over in my account (about 1.5M$).

1.5M$?? What interest rates do you pay?

Looks more like 1000$ to me, but still, it's worth the "effort".

Do your sums again - I do not want ot invest with you, but I will borrow from you.

You consider a 5% interest rate. No bank would offer you, these days such a huge interest rate. Even a 1% is not common, but for 5 hours would bring you, if you have a good lawyer, some $304,794.50. The lawyer will clean you for 40%, IRS another 40% from the whole amount. Anyway, not a bad return for a 5 hour action!

While cleaning up my CR4 account, I came across this post again.. very old one.

If you want 5% returns, please send the money to me, I will give 5% P.a. return.

hehehe

Ok, fine. I'd build a giant square concrete building that I'd call my "money bin". Then I'd convert whatever I had left to silver and gold eagles and fill my money bin with them. Then I'd spend every day diving and swimming through my money in my money bin except on the days I decide to have unlikely adventures with my nephews.

Scrooge McDuck?

I don't know what you're talking about.....I should add that occasionally I would throw the money up and let it rain down.

I have a feeling that somehow throwin' the coins around would result in a number series...

jus sayin, ya know..

milo

Hi Milo,

Yes, I understand and I hope everyone does the same that DD empty handed and the fertilizer is "no"-where to multiply the money or you have another hidden processes? How we handle the $89 billion is the question. Today, we think and what I see, if we cannot handle the few pieces thrown in the air, what we need to do? Be serious, this amount of money doesn't falling in our account "again"! DD plays with the coins but how he get it in his "Iviry Tower"? We want to learn, so tell us, Gil.

Hi,

Concerning the $89 billion; Someone wanted to take out of the bank by giving to an unknown individual but she/he don't have the opportunity to get in this account and take away the money? Just a question among others. What you think about that version of the story? Let us know, Gil.

Hi Gil. My comment regarding number series was a tip of the hat to Roger Pink who has posted some very good number series Discussions here on CR4. I was not suggesting that some kind of "float" could erase the serious issues we face. I have posted comments on the China currency issue on my blog, we have been working on this for many years with deaf and impotent administrations of both parties.

http://tinyurl.com/y96mkef

The currency peg has stolen about $1 trillion in US GDP over the past 10 years and is a major factor in why our high quality workers are unemployed.

regards.

milo

Hi Milo,

I understand the frustration, yours and others, including Obama's. I am not teaching to no one; When we want something for ourselves, the best way to get it, it's by doing by ourselves. The competition can be honest (rarely) or dishonest (mostly) but we have to react to protect ourselves because no one do it for us. I am called "hardnosed", "unflappable" or "inflexible" on my opinions. You know why I am so? When I know something and it's good for others and me, I have to defend it and don't let others demolish what's good for others and me. Someone wants to win, and I prefer in those situations that I am the winner. I quit my job a few times in these cases but it was every occasion proven that my idea was correct and mostly profitable for everyone. If someone wants to please to the superior, the boss, you will be never considered as good but as a good and obedient boy to someone else.

In Canada we have the same problem with the American dollar. We lowered for decades to sell more. This is politics and monatary politics. We survived at parity or at $0.60. If you can do something, do it, Gil.

You'd have to be pretty quick to catch that error before the bank does.

If they pull it out after 5 hours you're not going to get any interest from it.

You'd have to pull it out right away and deposit it into a new account. Then the bank will contact you and ask for their money back. You can then delay the payback just enough to collect some interest from the money.

...or you can pull it out and catch a plane to some bananna republic that doesn't have an extradition treaty and essentially buy the republic outright and be it's benevolent dictator. Since you'd already be wealthy beyond avarice anyway you wouldn't be spending all your time trying to steal from the republic's coffers like most banana republic dictators and you could actually use your power to fix all the endemic problems that such republics usually have (graft, waste, corruption, crime, poverty lack of education, lack of industrialization, etc.). Look at it as your own social experiment.

With most public banks any transaction over $10,000 (sometimes less) usually has a three to ten day clearing period before you can do anything with it in regards to withdrawals or transfers.

What I would do with that money is fund massive scientific research studies regarding providing proper public eduction towards government and big business scams. Global warming/climate change, vehicle fuel efficiency and emissions systems, and suppression of cures to common illnesses and diseases would be heavily scrutinized for scams, cover ups and propaganda that is and has been used to dumb down the general public.

After that I suppose I would indulge myself with a very well funded group of hitmen to clean up any loose ends that this reseach could bring about.

That and the banks most likely don't even have that much cash on hand. The United States has more money in circulation electronically then it has currency to cover it.

In fact, for every $10 deposited into a bank, the bank has $100 issued out in loans. Sometimes they can go over the 10% limit but need to have permission from the Federal Researve.

Hi Jan,

You put the finger on the economic disaster we just get from these people who cover every $10 by $100 loans. Please, accept that people don't ask permission to act. Why we pay perks to bankers? Because they do things without asking someone else the authorisation to do it! Ah! You did not approved the compensation rate to the bankers? They are not asking nothing to you or me, they just do!

Paul should pass 4 hours and 59 minutes to take out 5 $20 cash. It was a solution, Gil.

The question was quite interesting.

Few of us thought of taking the money and disappearing somewhere. Few others thought of getting some benefits through legal (loop holes in legal system) way. But unfortunately, no body thought that it is not my money and I should not expect anything out of this. No body thought about moral side of the question.

It is unfortunate that we educated people (engineers) do not think morally.

If I am asked, I would simply return the money to the bank, even though bank did not notice the mistake, without expecting a single penny of of this transaction.This will retain the smile on my face.

Please be careful with the generalizations. You are correct in that no one responded with a moral response. Just because some of us did not articulate it, does not mean we did not think about it. Last week, I began composing a response along those lines, but was over taken by events at work and never got back to it.

Thanks my friend JBT. I am happy (and was sure also) that I am not alone.

I have not really generalized. If you see my post, I said some have.... and few others.

Probably I should have said "but no body responded till now" instead of "but no body thought". Sorry for this small (or may I say big) mistake.

I am sure, there must be many from CR4 family, who thought like us. But those should respond accordingly, so that world will look beautiful and hopeful.

"I said some have.... and few others."

Good point...yes you did.

I'm sure many others thought the same way too.

Hi Suhas,

I will not disappear, I stay at home and recount the money I get freely. If I take out with my card during the 5 hours, I can take out ($100=5 times $20) approximately $26,000, 1 minute and 15 seconds by retrieve from the machine, I checked.

The error made by the bank, I am sure that they will not get on my back for $26,000 because they have to compensate me more because I took out only so little. The cost of a lawyer will be more than that too.

Now, I am thinking what I need most and go shopping, Gil.