This page has been archived and commenting is disabled.

"Burning Money To Keep Warm" - China's New Normal

Tyler Durden's picture




 

Worried about money-printing in China... don't! As China.org reports, an electricity generation plant in China's troubled Henan province is burning banknotes in what appears to be an effort to raise efficiency and reduce toxic emissions. One ton of scrapped banknotes can generate about 660 kWh of electricity, which means around 4,000 tonnes of coal can be saved in the province every year by using this process. Perhaps that is the solution to higher natural gas prices in winter for the US NorthEast... just transfer some banknotes up from The Eccles Building and heat the nation...


 

As China.org reports,

Old banknotes, which are out of circulation, have been used to generate electricity for the first time in China. These old bank notes were earlier used to make paper products.

 

 

An electricity generation plant using old notes from the People's Bank of China in Zhengzhou was set up in April this year as a pilot project to test the feasibility of the idea. The power plant was set up in Luoyang city in central China's Henan province.

 

One ton of scrapped banknotes can generate about 660 kWh of electricity. Around 4,000 tonnes of coal can be saved in the province every year by using this process.

 


 

Authorities aim to replicate the success of this pilot project in Henan province and use old banknotes as a biofuel to generate electricity across the country.

*  *  *

You can't eat gold... but you can burn banknotes.

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 12/09/2014 - 22:05 | 5535114 DoChenRollingBearing
DoChenRollingBearing's picture

Coming to a Western country near us soon?

And/or use as TP....

Tue, 12/09/2014 - 22:06 | 5535118 wee-weed up
wee-weed up's picture

Better use... toilet paper.

Tue, 12/09/2014 - 22:08 | 5535124 cifo
cifo's picture

BS: 1 tonne of banknotes == 660kWh

Tue, 12/09/2014 - 22:09 | 5535129 rsnoble
rsnoble's picture

Only if you don't stir them up so they don't burn faster. LMAO.

Tue, 12/09/2014 - 22:11 | 5535133 Frolf
Frolf's picture

The aliens are watching us and this is just embarrasing

 

http://y2u.be/tOW5eljyjms

Tue, 12/09/2014 - 22:29 | 5535173 knukles
knukles's picture

Well if they'd burn gold it would produce more electricity because it burns at about 2000 degrees F.  So there, another use for the barbarous relic.  Makie more electricitie than fiatie.  That's why they're buying it, I been told.

Tue, 12/09/2014 - 22:39 | 5535196 Publicus
Publicus's picture

China leads the world in innovation.

Tue, 12/09/2014 - 23:09 | 5535271 wee-weed up
wee-weed up's picture

China leads the world in innovation.

Ah... China leads the world in copying other people's innovation.

Wed, 12/10/2014 - 00:29 | 5535425 Ahoy Polloi
Ahoy Polloi's picture

So with all that coke on the banknotes, is it like smoking crack if you're in the room?

Wed, 12/10/2014 - 01:03 | 5535477 Double.Eagle.Gold
Double.Eagle.Gold's picture

damn.

 

no way i'd use those bank notes as toilet paper.

Wed, 12/10/2014 - 02:01 | 5535554 7.62x54r
7.62x54r's picture

Fer chrissakes, don't print the paper into currency. You'll lower its value. No one like having ink stains on their ass.

The central bank in Zimbabwe finally figured that out when they discovered they were lowering the value of the paper they bought by printing zeros all over it.

Wed, 12/10/2014 - 03:57 | 5535652 gold-is-not-dead
gold-is-not-dead's picture

I believe that fucktard Keynes counts this as growth!

Tue, 12/09/2014 - 22:11 | 5535132 Frolf
Frolf's picture

The aliens are watching us and this is just embarrasing

 

http://y2u.be/tOW5eljyjms

Tue, 12/09/2014 - 22:08 | 5535128 sun tzu
sun tzu's picture

Your bunghole will be permanently green after a year.

Tue, 12/09/2014 - 22:18 | 5535151 Wild Theories
Wild Theories's picture

old banknotes are diriter than shit and more germ ridden than anything you can come into contact with.

 

for the health and tenderness of your pucker, plz stick to regular toilet paper

Tue, 12/09/2014 - 22:54 | 5535232 knukles
knukles's picture

When I was at COSTCO the other day they had a special on recycled toilet paper.

Tue, 12/09/2014 - 22:23 | 5535165 Burt Gummer
Burt Gummer's picture

So, that's deflationary..... right?

https://www.youtube.com/watch?v=RCtzQRkrj0U

Wed, 12/10/2014 - 00:16 | 5535401 BillyTheBlade
Tue, 12/09/2014 - 22:05 | 5535115 logicalman
logicalman's picture

The true value of fiat!

Digits on hard drives don't even have calorific value!

 

 

Tue, 12/09/2014 - 22:06 | 5535117 i_call_you_my_base
i_call_you_my_base's picture

They could use them to make adult diapers for the Japanese.

Tue, 12/09/2014 - 22:14 | 5535139 Skateboarder
Skateboarder's picture

Standard issue gubbamin diaper w/ camera, microphone, and internet connection. "You'll need it to shit your pants, when you find out that the dollar is worthless."

Tue, 12/09/2014 - 22:07 | 5535125 sun tzu
sun tzu's picture

Too bad we can't burn our digital bits and bytes when our currency is devalued to the point of burning it for warmth and cooking.

Wed, 12/10/2014 - 00:32 | 5535428 Ahoy Polloi
Ahoy Polloi's picture

You can just pretend to be warm just as easy as you pretend to have tangible wealth.

Wed, 12/10/2014 - 02:02 | 5535558 7.62x54r
7.62x54r's picture

if you have a large plasma screen TV, the zeros on the screen will heat the room.

Tue, 12/09/2014 - 22:07 | 5535126 rsnoble
rsnoble's picture

Are you telling me they've printed enough of this shit to make a goddamn powerplant specifically for the purpose of burning them?

That's not insane.  That's beyond insane.

And also the reason the US prefers the Digital Zero because there wouldn't be fucking tree left on the planet.

Tue, 12/09/2014 - 22:22 | 5535159 Wild Theories
Wild Theories's picture

that's why we in the west are more advanced: digital zeroes saves trees!

Tue, 12/09/2014 - 22:14 | 5535140 Bunga Bunga
Bunga Bunga's picture

In a paper standard the face value reflects the scrap value of a banknote.

Tue, 12/09/2014 - 22:45 | 5535207 Emergency Ward
Emergency Ward's picture

The higher face value bill has a higher BTU rating.  Ka-dumb!

Tue, 12/09/2014 - 22:13 | 5535142 TheRideNeverEnds
TheRideNeverEnds's picture

I'd like to see you try and burn those piece of shit 'precious' metals to keep you warm in the winter.   

 

Checkmate goldbugs.  

Tue, 12/09/2014 - 22:47 | 5535211 Bighorn_100b
Bighorn_100b's picture

You are correct that PM's won't burn. Used as collateral , well that's what it's all about. I'll take my 2014 Silver Eagles over any fiat currency any day of the week.

Tue, 12/09/2014 - 23:58 | 5535373 Kprime
Kprime's picture

why would I burn my PMs when I can walk down the block and collect firewood from thousands of empty, overbuilt, overpriced, bank owned (but not foreclosed to save from paying the taxes) houses which are just rotting away unmaintained?

Wed, 12/10/2014 - 10:02 | 5536092 IndianaJohn
IndianaJohn's picture

For the smallest Gold trinket I can get a smart fat girl to keep me warm.

Tue, 12/09/2014 - 22:17 | 5535152 Bighorn_100b
Bighorn_100b's picture

Just plain stupid.

They copy everything and make most everything we have, so why don't they just print $USD's as well? No need to buy them when they can print their own.

Wed, 12/10/2014 - 08:33 | 5535204 rsnoble
rsnoble's picture

Yeah but since we are collapsing and they are so envious as to want to be just like us they will collapse also as they are doing the same stupid shit we are.

Tue, 12/09/2014 - 22:29 | 5535175 buzzsaw99
buzzsaw99's picture

One ton of scrapped banknotes can generate about 660 kWh of electricity, which means around 4,000 tonnes of coal can be saved in the province every year by using this process...

BULL. FUCKING. SHIT. This is either intentionally misleading or an outright lie. Bank notes have less energy per ton than coal. So either they are burning 6000 tons of bank notes per year or they are pulling numbers out of their collective asses.

Tue, 12/09/2014 - 23:34 | 5535328 Wahooo
Wahooo's picture

Well, it is China.

Tue, 12/09/2014 - 23:57 | 5535365 Kprime
Kprime's picture

Heuristic adjustment

Wed, 12/10/2014 - 00:53 | 5535467 GoldenDonuts
GoldenDonuts's picture

Totally possible if you are burning twenty thousand tonnes of paper every year.  Think of the energy that they could produce burning all of that virtual digital cash that they create.  It could end global warming.  Zero emissions!

 

Wed, 12/10/2014 - 01:53 | 5535547 noben
noben's picture

Maybe the energy output is also fiat.  Most people suck at math.

Wed, 12/10/2014 - 03:14 | 5535632 Leraconteur
Leraconteur's picture

Reporters don't do Maths, it is hard.
Probably meant that they burn many tonnes of scrapped notes, and those many tonnes save the burning of coal. 

Wed, 12/10/2014 - 07:22 | 5535772 Seb
Seb's picture

They state that burning 1t of banknotes generates 660 kWh. This does not mean that they only burn 1t per year.

They do not mention the number of tones burned each year.

Tue, 12/09/2014 - 23:39 | 5535340 trade4cash
trade4cash's picture

"Hey Japan, do we have your attention yet"?

Wed, 12/10/2014 - 03:57 | 5535651 Panic Mode
Panic Mode's picture

I am jealous. I can't burn my silver to get warm.

Wed, 12/10/2014 - 04:32 | 5535676 fukidontknow
fukidontknow's picture

Sweet we're all going to be warm and rich also - thanks Paul Krugman you hairy wee wealth maker.

Wed, 12/10/2014 - 10:50 | 5536280 aroid
aroid's picture

Long Yuan?

Wed, 12/10/2014 - 08:52 | 5535895 rsnoble
rsnoble's picture

My question is.......are they still printing them?  Wouldn't want the powerplant to shutdown you know.

Wed, 12/10/2014 - 10:29 | 5536199 TheObsoleteMan
TheObsoleteMan's picture

I seem to remember this being done before, 1920's Germany I believe:

 

Wed, 12/10/2014 - 15:57 | 5537478 ShortBusDoorGunner
ShortBusDoorGunner's picture

How many kWh in one tonne of bankers?

Do NOT follow this link or you will be banned from the site!