How banks works | Bitcointalksearch.org

thefiniteidea

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"In Us We Trust"

Quote from: Foxpup on February 03, 2013, 07:53:38 PM

Quote from: hashman on February 03, 2013, 08:10:31 AM

Quote from: thefiniteidea on February 02, 2013, 08:38:24 PM

When Bitcoin takes over in the future, my children and I will play Monopoly with actual US dollars, so I wont have to worry about them ripping, losing, or slobbering all over the useless paper money
that comes with the game...

Cheesy

Assuming Milton Bradley stays with the same denominations.. anybody care to predict when the monopoly dollar passes the US dollar in value?

I was just thinking of that. A standard Monopoly set originally contained $15,140, but that was increased in 2008 to $20,580. At that time, about 250 million sets had been sold, and since then about 3 million were sold per year. So the Monopoly money supply in 2008 was $3.785 trillion, increasing by about $62 billion per year, for an annual inflation rate of 1.6%. Since a Monopoly set costs about $15, one US dollar currently buys 1,372 Monopoly dollars. Assuming an inflation rate of 9.6% for the US dollar (based on increasing gold prices since Nixon abolished the gold standard because the CPI is useless) and that Hasbro keeps printing money at its current rate, the Monopoly dollar will achieve parity with the US dollar in just under 100 years. Grin

Quote from: ?? on ??

http://silverunderground.com/2011/09/us-dollar-vs-monopoly-money/

Brilliant

Foxpup

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: hashman on February 03, 2013, 08:10:31 AM

Quote from: thefiniteidea on February 02, 2013, 08:38:24 PM

When Bitcoin takes over in the future, my children and I will play Monopoly with actual US dollars, so I wont have to worry about them ripping, losing, or slobbering all over the useless paper money
that comes with the game...

Cheesy

Assuming Milton Bradley stays with the same denominations.. anybody care to predict when the monopoly dollar passes the US dollar in value?

I was just thinking of that. A standard Monopoly set originally contained $15,140, but that was increased in 2008 to $20,580. At that time, about 250 million sets had been sold, and since then about 3 million were sold per year. So the Monopoly money supply in 2008 was $3.785 trillion, increasing by about $62 billion per year, for an annual inflation rate of 1.6%. Since a Monopoly set costs about $15, one US dollar currently buys 1,372 Monopoly dollars. Assuming an inflation rate of 9.6% for the US dollar (based on increasing gold prices since Nixon abolished the gold standard because the CPI is useless) and that Hasbro keeps printing money at its current rate, the Monopoly dollar will achieve parity with the US dollar in just under 100 years. Grin

hashman

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Quote from: thefiniteidea on February 02, 2013, 08:38:24 PM

When Bitcoin takes over in the future, my children and I will play Monopoly with actual US dollars, so I wont have to worry about them ripping, losing, or slobbering all over the useless paper money
that comes with the game...

Cheesy

Assuming Milton Bradley stays with the same denominations.. anybody care to predict when the monopoly dollar passes the US dollar in value?

thefiniteidea

hero member

Activity: 509

Merit: 564

"In Us We Trust"

When Bitcoin takes over in the future, my children and I will play Monopoly with actual US dollars, so I wont have to worry about them ripping, losing, or slobbering all over the useless paper money
that comes with the game...

Cheesy

Luno

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The original Monopoly game was invented during the great depression exactly for the reason of teaching your children how the banks cheat the system!

allthingsluxury

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haha agreed.

Adrian-x

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Love this!
Monopoly the game popped up some time ago, if only we were to adjust the rules to better reflect reality. My though was if the player managing the bank can (borrow at no interest) or use the banks money as his own to buy all the property, then later in the game he pays the money back and says look no foul the books balance, it would reflect our economic system more accurately.
If everyone played like this and understood the injustice maybe we would get some reform.

Lethn

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That's epic and exactly what they do Cheesy

kokjo

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You are WRONG!

Topic: How banks works (Read 1189 times)