this post was submitted on 03 Apr 2024
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Lemmy Shitpost

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submitted 3 months ago* (last edited 3 months ago) by [email protected] to c/[email protected]
 
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[–] [email protected] 2 points 3 months ago (3 children)

Idk how much, liquidness musk has, probably not Bezos like 6B+ cash stuffs... but it would be hilarious if he demanded like 10B. How long would the print job take? How does that even work?

[–] [email protected] 4 points 3 months ago (1 children)

Well he'd have to special order from his bank. The treasury isnt going to print money just for him. There's about 1,846 Billion worth of $100s in circulation. So 10B is ~0.54%. That's probably enough to cause some local shortages but not enough to cause "real" issues. If he liquidated and cashed his entire 200B Forbes valuation then that's 10.8% of circulating 100s and there may be a mild nationwide shortage.

[–] [email protected] 2 points 3 months ago (1 children)

Is that US or worldwide circulation?

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