EPTWho are the richest people in the world? - Page 3
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Laforge
Denmark33 Posts
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darkscream
Canada2310 Posts
On November 10 2011 08:35 sc2holar wrote: But money still grows. There is no way 6billion dollars in 1850 can shrink to less than what bill gates has today. Especially not when you stuff it in your own bank where you control the interest rate. yes, this is a problem, a lot of people have trouble with math and don't really understand how interest works. Boy, I'd take $1000 dollars in a bank account in 1850 with interest up till today, let alone billions. | ||
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Happylime
United States133 Posts
the top .001% is what we're really after? We are the 99.99%??!?!!? tin foil hat, Ron Paul 2012? | ||
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Offhand
United States1869 Posts
On November 10 2011 08:36 HellRoxYa wrote: Just to prove my point, because shit like this pisses me off, here's Sveriges Riksbank (/Bank of Sweden/Swedish National Bank): http://www.riksbank.com/templates/SectionStart.aspx?id=10601 Back to what I was saying... This varies greatly from country to country. Not sure why you're so certain they've made good investments with their money. I agree that the money probably didn't go anywhere but I would never state that as a fact. http://en.wikipedia.org/wiki/List_of_central_banks#Countries_without_central_banks The majority of the world's nations use the central bank system, including the US, EU, and China. Sweden is a member of the EU (and thus, participates in central banking). Please educate yourself before you post. | ||
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Mithriel
Netherlands2969 Posts
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playa
United States1284 Posts
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Skilledblob
Germany3392 Posts
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Offhand
United States1869 Posts
Don't. The system is fucked up enough without people injecting crazy into the discussion. These people are 9/11 truthers, correct? | ||
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Herculix
United States946 Posts
On November 10 2011 08:11 jdseemoreglass wrote: I understand that a small number of people are extremely wealthy... I'm still waiting for someone to tell me why I should care, or to provide some type of evidence that this group of people have done specific, sinister things. But I guess in modernspeak, just being extremely wealthy is itself sinister and scary. you should really watch that half hour cartoon video. some of it is done in parody, but the gist of why you should care and how it effects you is there. | ||
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Synapze
Canada563 Posts
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Skilledblob
Germany3392 Posts
On November 10 2011 08:54 Offhand wrote: Don't. The system is fucked up enough without people injecting crazy into the discussion. These people are 9/11 truthers, correct? Zeitgeist is like the mother of all the modern conspiracy theorists. They write about everything | ||
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Roe
Canada6002 Posts
On November 10 2011 08:20 Skilledblob wrote: where is my tinfoil hat. he says ironically | ||
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Offhand
United States1869 Posts
On November 10 2011 08:57 Skilledblob wrote: Zeitgeist is like the mother of all the modern conspiracy theorists. They write about everything I've seen the first one. They took a little bit of economic truth and turned it into a bad Philip K. Dick novel. But this was after they informed me Jesus was an Egyptian god and before they told me 9/11 was an inside job (you'd think these things are different enough that Zeitgiest would do them one at a time). | ||
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Gnial
Canada907 Posts
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Luepert
United States1933 Posts
On November 10 2011 07:57 Fealthas wrote: Very enlightening. I did not know about this. Seems a bit unfair doesn't it? Unfair? And it would be "fair" to take some and give it to other people? | ||
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playa
United States1284 Posts
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Nqsty
United Kingdom118 Posts
On November 10 2011 07:54 sc2holar wrote: This sum was, in fact, more than half of the amount of money that existed in all of europe at that time, and if you translate it to todays money with an interest rate of 6% it translates to over 400 trillion USD. 400 trillion dollars. I haven't heard anything so ridiculous in quite a while, someone actually claiming that a fortune could amount to that much seriously has no grasp of economic digits, or returns on investment, or inflation, or even the simple real world economy. There's so much nonsense in that sentence I can't even start to explain why. People need to stop masturbating over a long lost fantasy of a secretive power controlling the world. And even if there was one, accept the fact that you don't know about it, no one knows about it, and I can bet you even within the family itself there's uncertainty. Also, for the sake of the argument, 6 billion with a 6% interest rate over 161 years becomes 71 trillion, which becomes 1 775 trillion today by taking into account inflation, just to show how ridiculous the calculation is (assuming $1 in 1850 = 25$ today, an average estimate used often). anyway, just use common sense, please | ||
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JohnMatrix
France1358 Posts
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RisingTide
Australia769 Posts
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Nqsty
United Kingdom118 Posts
On November 10 2011 09:10 JohnMatrix wrote: 400 trillon = 400 000 billion. its more than all the money in the world right -_- Correct, 7 times more than total GDP in the world. Also, the OP seems to think that a fortune can grow faster than the total aggregate rate, even though they apparently half own the world itself. | ||
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