• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

Dollar Printing Uses 9.7 Tons Of Ink Per Day, And Other Fast Facts About The US Dollar

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 10/13/2011 - 17:04 | 1771184 Pool Shark
Pool Shark's picture

 

 

Electronic 1's and 0's cost nothing to create...

Thu, 10/13/2011 - 17:09 | 1771213 DosZap
DosZap's picture

Electronic 1's and 0's cost nothing to create...

True,but cotton/linen, w/RFID strips do.

Thu, 10/13/2011 - 17:15 | 1771244 Cash_is_Trash
Cash_is_Trash's picture

The approximate weight of a bill is one gram.  Since there are 454 grams in one pound, there are 454 notes in one pound.

 

At today's rate, one pound of gold costs $24,516 and feels fucking great to own.

454 notes is not a store of value.

One pound of paper is used for lighting bonfires.

Cash is trash

Thu, 10/13/2011 - 17:23 | 1771274 Cynical Sidney
Cynical Sidney's picture

they should privatize these jew confetti factories and allow ordinary citizens to print them instead

Thu, 10/13/2011 - 17:41 | 1771333 Republicae
Republicae's picture

Hell No...but private mints for gold and silver coinage would be a good thing. At one time in this country, long, long ago, a person could take his gold or silver bullion to the U.S. mint and for a small fee it was minted into coin for him. Of course, at that time all coins, whether foreign or U.S. were exchanged and the system worked very well. Gold and silver coins of a specific weight and quality are hard to counterfeit, therefore, the market would eliminate those minters who shaved the weight or the content of the coinage. The only reason we use Federal Reserve Notes are, according to a former head of the FED, Beardsley Ruml was for the government to maintain social controls over the people, to redistribute the wealth and to force the people to use the Federal Reserve Notes to pay their taxes. By the way, he also said that Taxation was obsolete for revenues, meaning that under the fiat system there was no real need for the government to tax the people since it had the power of the printing press and credit to issue fiat currency. In other words, the whole thing is a huge, huge scam and we allow it to continue. 

Thu, 10/13/2011 - 17:59 | 1771393 Cynical Sidney
Cynical Sidney's picture

as beardsley ruml said, fiat money is used to control the sheeple. when you take that power away and give it to the sheeple, the sheeple will rise up to become lions.

Thu, 10/13/2011 - 18:01 | 1771399 Republicae
Republicae's picture

...and it is getting high time to ROAR!

Thu, 10/13/2011 - 18:38 | 1771535 Troll Magnet
Troll Magnet's picture

so if it costs 6 cents to print a dollar bill, and it costs 5 one dollar bills to dig an ounce of silver out of the ground, the true cost to get silver out of the ground is 30 cents? man, silver is really overpriced then! /sarc off

Thu, 10/13/2011 - 21:28 | 1771990 clymer
clymer's picture

An interesting stat to throw in, would have been to display the current, historical and projected future ratio of digital currency (dollars not in paper form) to existing paper dollars.

 

This I am sure would have produced some staggering results

Thu, 10/13/2011 - 22:05 | 1772051 Harlequin001
Harlequin001's picture

'In God We Trust, All Others Pay Cash'.

Fri, 10/14/2011 - 01:40 | 1772541 Gief Gold Plox
Gief Gold Plox's picture

Isn't it about time someone finally corrected that damn typo. Here: 'In Gold we trust, all others pay cash'

Fixed.

Thu, 10/13/2011 - 22:41 | 1772070 Harlequin001
Harlequin001's picture

This is easy, If they print 26 million notes per day and 45% are $1 bills with a lifex of 21 months then there are 7,371,000,000, $1 bills in circulation... globally, assuming a 30 day month. If 45% of the notes refers to the mere 90% of Federal reserve notes it would be only 6.634 billion.

That's not many is it when you consider what 1 oz of gold will be worth in only 2-3 years time...

Just sayin'...

Thu, 10/13/2011 - 22:24 | 1772081 Harlequin001
Harlequin001's picture

Ok, a print run of 26 million notes per day in terms of the 'soft, strong and very, very long' is not even one note per American arsehole per day... and there's fucking millions of them!

You couldn't even use dollars to wipe your arse now. How useless does it get?

 

Thu, 10/13/2011 - 22:55 | 1772110 Harlequin001
Harlequin001's picture

or, to put it another way, if the entire US money supply were given for FREE to those 44 million Americans currently on food stamps, it would cost a mere 3.7818 cents per day per arsewipe. On just over half a note per day.

That's an awful lot of American shite cleaned up for a very small sum when you think about it...

And if the Fed wanted to cut costs for all this arsewipin' it could simply not bother to print, and save 9.7 tons of printing ink per day.

Just sayin'...

Thu, 10/13/2011 - 22:09 | 1772055 Al Gorerhythm
Al Gorerhythm's picture

and the crowd roared.

"ROAR"!

Then the crowd roared again.

"AGAIN"!

Thu, 10/13/2011 - 19:59 | 1771802 BigJim
BigJim's picture

Beardsley Ruml = My Rulers Blade

anagrams have so much to teach us.

Thu, 10/13/2011 - 17:50 | 1771335 Republicae
Republicae's picture

Sorry, double posting.....oops

Thu, 10/13/2011 - 17:53 | 1771379 AldousHuxley
AldousHuxley's picture

"This is a memo that describes how we're going to take out seven countries in five years, starting with Iraq, and then Syria, Lebanon, Libya, Somalia, Sudan and, finishing off, Iran."

 

you don't need nazis to go to war to hold up the judefetzen with someone else's natural resources


To be fair, this time, Jews also got ripped off.

http://www.jpost.com/JewishWorld/JewishFeatures/Article.aspx?id=241629

Thu, 10/13/2011 - 18:09 | 1771420 Republicae
Republicae's picture

It is odd is it not, to think that Hitler used some of the very same excuses to invade Europe that our government has been using to justify our interventionist policies?


Thu, 10/13/2011 - 21:13 | 1771967 Confused
Confused's picture

It would only be odd if, all these individuals in power, weren't of the same ilk. 

Thu, 10/13/2011 - 23:44 | 1772280 Republicae
Republicae's picture

Power is a powerful motivation, to be sure and the character of men is so easily persuaded to follow its alluring aroma, huffing it until fully intoxicated by its addictive nature.

Thu, 10/13/2011 - 22:11 | 1772064 Al Gorerhythm
Al Gorerhythm's picture

Who controls the government? Hmmmmm?!

Thu, 10/13/2011 - 23:36 | 1772261 merizobeach
merizobeach's picture

Particularly including the Big One: false flags

Thu, 10/13/2011 - 18:26 | 1771486 Schmuck Raker
Schmuck Raker's picture

Ahhh dammit. I almost got through a whole day without some nimwit whining about Jews.

Thu, 10/13/2011 - 18:43 | 1771553 Schmuck Raker
Schmuck Raker's picture

"-1"

Touche!

Thu, 10/13/2011 - 20:07 | 1771826 g
g's picture

Yeah its lame.

Thu, 10/13/2011 - 23:12 | 1772193 MFL8240
MFL8240's picture

Love it!

Thu, 10/13/2011 - 23:52 | 1772302 bigkahuna
bigkahuna's picture

Man, not all Jewish people are out to steal through the US financial system. I would say some are, but some Gentiles are too.

Thu, 10/13/2011 - 17:51 | 1771363 FeralSerf
FeralSerf's picture

Or, in other words, gold is worth only about half as much as Ben Franklins per pound today as trading material.  But if someone offers a pound of gold for  a pound of Andy Jacksons, I think we could have a deal there.

Thu, 10/13/2011 - 18:00 | 1771384 Republicae
Republicae's picture

Well, actually, based upon 3 Cents per Dollar face value, it's much less, but it is, in part, reflecting several things, one being the debasement of the Federal Reserve Notes, the other being fear by the public. The 100 Cent Dollar was once 1/20th an ounce of gold, today the 3 Cent Dollar is 1/1668th of an ounce. That is a huge depreciation of the currency related to gold and is very reflective of a system that is rapidly approaching negative value. 

Thu, 10/13/2011 - 19:24 | 1771678 akak
akak's picture

Good to see you here Republicae!

From your former DP blogmate, Akak.

Thu, 10/13/2011 - 20:45 | 1771904 Republicae
Republicae's picture

Hey man....great to see you as well. I check out the DP from time to time, but needed a break from the intensity, ya know?

Thu, 10/13/2011 - 19:41 | 1771743 SilverDOG
SilverDOG's picture

Cash_is_Trash

Funny how your vote trigger is frozen and both on either side work perfectly.

Warning: Do not answer the door.

1 up from SD.

Thu, 10/13/2011 - 20:06 | 1771813 BigJim
BigJim's picture

Funny how your vote trigger is frozen and both on either side work perfectly.

It's a bug on the site - if a comment starts with italics, it's very hard to vote on it. Try it with this one.

Fri, 10/14/2011 - 06:31 | 1772714 Mentaliusanything
Mentaliusanything's picture

ya did not say which way to vote .. I'm 3 ....just to prove ya might be slighty smaller than most "Jims" or "Johns".. whatever........ I'm attracted to RED

Fri, 10/14/2011 - 00:39 | 1772429 Delta-Bravo-Ech...
Delta-Bravo-Echo-Charlie's picture

454 notes at $100 = $45,400 > $24,516 

So a pound of c-notes is still worth more than gold...

How long's the timeline until gold is $3,113.25. TOtally trivial, but just thinking...

Fri, 10/14/2011 - 02:08 | 1772565 4realmoney
4realmoney's picture

Three words: Gold American Eagles

Thu, 10/13/2011 - 17:18 | 1771261 Pool Shark
Pool Shark's picture

 

 

Pretty amazing when you consider that there is only $908.6 billion of actual US currency in existence in the entire world.

This year, the feral government will spend about four times that amount, and our 'official' national debt is 16 times that amount.

The only way we can pay back our creditors is with electronic 1's and 0's...

Thu, 10/13/2011 - 17:26 | 1771284 Quinvarius
Quinvarius's picture

2500 tons of gold mined a year vs 3500 tons of ink used to print dollars.  I know my preference.

Thu, 10/13/2011 - 20:50 | 1771359 Republicae
Republicae's picture

Electronic money is no better than physcial money, the more you "produce" the less purchasing power the currency retains, prices then begin to reflect the debasement of the currency. Essentially, the currency today, at least the "Dollar" has the purchasing value of around 3 Cents per face value of each Dollar. Now, if you calculate profits, assets and even debts based upon the real purchasing value of the currency then the amounts are not as massive as the nominal value as presented by the face value of profits, assets and debts. As such, today it takes over $22,000.00 to purchase what $1,000.00 purchased when the Dollar retained the purchase value of 100 Cents per face value. Such debasement, of course, has other consequences, the economic potency of the currency is diminished, with that diminishment comes certain distortions in the economy, not to mention the distortions created by the FED itself through the artificial manipulation of the interest rates, which are now completely separated from the actual market. Thus, business decisions are based upon artificial interest rates, as are buying decisions, selling decisions and also capital improvements. The signals are skewed, creating numerous distortions that cannot provide an acurate picture of the markets.

Thu, 10/13/2011 - 20:15 | 1771838 g
g's picture

Because I am lazy, lets say the official US deficit is 14 trillion (we know its actually much greater than that)

 

I believe you would need 308,370,044 pounds of $100 bills, would cost $8,960,000,000 to print. Pretty good deal eh?

 

Fucking unbelievable, we need gold and silver as currency.

Fri, 10/14/2011 - 06:35 | 1772721 Mentaliusanything
Mentaliusanything's picture

Know your getting to the pointy end when you understand that.

Solution, Ben tells me, is full bore dilution however Diluting the Ocean is a big ask.

Think he's up to the task???

Thu, 10/13/2011 - 17:27 | 1771292 wang (not verified)
wang's picture

OT I tried to post this from my Blackberry

http://www.youtube.com/watch?v=zQ1esvGae_s

Thu, 10/13/2011 - 17:30 | 1771305 MolotovCockhead
MolotovCockhead's picture

An ounce of silver only cost $5 to dig out from the ground. It cost 6.4cents to print the $5 bill. Hence, silver only cost 6.4 cents!!! I will stick to solid silver as the computer figures cost nothing to produce, those are for debt slaves.

Thu, 10/13/2011 - 17:41 | 1771338 Real Estate Geek
Real Estate Geek's picture

Just a few seconds in your kitchen microwave will take care of any RFID chip/strip.

Thu, 10/13/2011 - 18:09 | 1771419 General Decline
General Decline's picture

Including the one in your license plate renewal sticker. (in Illinois, anyway)
Make sure you nuke it before you put it on your plate. Within about 2 seconds, it will generate a small lightning bolt that jumps across the sticker. It's pretty cool, actually.

Thu, 10/13/2011 - 21:26 | 1771987 WeTheSheeplez
WeTheSheeplez's picture

Don't forget the one in your passport.

Thu, 10/13/2011 - 22:34 | 1772106 Prometheus418
Prometheus418's picture

Okay, I'll bite- but only because I'm starting the weekend a day early.

Why on Earth would anyone bother putting an RFID tag in a plate renewal sticker?  Not to say they don't do it, but what would be the point?  By the time you got close enough for it to work, you could just read the number.

As far as the lightning bolt goes, if they're anything like WI tags, they put metal flake in them to make them reflective.  Probably just bad for your microwave, with no particular benefit beyond entertainment.

In the MN metro area, most folks cut their tags with a utility knife after installation- not to thwart RFID, but to make stealing them harder.

Fri, 10/14/2011 - 00:34 | 1772416 palmereldritch
palmereldritch's picture

Why on Earth would anyone bother putting an RFID tag in a plate renewal sticker?

Extreme Range RFID Tracking - presented at Black Hat USA 2010 Las Vegas

http://docs.google.com/viewer?a=v&q=cache:_K4T80ONc5YJ:www.tombom.co.uk/...

[snip] - page 8

"...we still believe that reading RFID tags from more than a mile away is entirely possible."

Fri, 10/14/2011 - 06:42 | 1772730 Mentaliusanything
Mentaliusanything's picture

Thanks for that

http://www.youtube.com/watch?v=u7Mf9j8co70&feature=player_embedded

 

Its worth the time to click 1.02 of Fuck you.. thanks Jesse for reminding me we come full circle.

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