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LC1

I Like To Keep A Little Cash At Home Myself...

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I worry about the security aspect of keeping cash at home. It seems the answer is to have more pet lions.

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I read elsewhere that the article is a mashup of several different busts. Even so, that's a lot of cash. I guess HSBC don't have any branches out there.

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I read elsewhere that the article is a mashup of several different busts. Even so, that's a lot of cash. I guess HSBC don't have any branches out there.

That would make for an interesting conversation at the till.

"And what do you need the $22b for exactly sir?"

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Showed that pic to my daughter. She's now putting drug baron as her number one career choice. "You always said I should be entrepreneurial". She's worryingly attracted to the bling armoury. I thought she wanted to be a vet.

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If the political process is captured by ultra rich drug lords, why would they allow their cash to be devalued....unless it is just a small portion of their overall assets that is.

Doesn't surprise me, the money, bling and other possessions in the story. Wealth doesn't want its cash devalued. I suspect financial assets (including MP's pensions and buying power thereof) will, when the choice comes, be chosen above asset values.

(1992)The drug lords are the wealthiest people on the planet. The Economist estimates profits from the cocaine trade alone in the United States at ninety-five billion dollars annually. This is considerably more than the total economy of Saudi Arabia, with all its oil wealth. It is greater than the military budget of West Germany, France or Great Britain. Ninety-five billion dollars is only marginally less than the nominal spending of the Soviet Union. It is far greater than the combined expenditures on law enforcement by all levels of government in the United States.

The drug cartels are not rinky-dinky, back-alley criminals. They are financial superpowers, endowed with all the worst possible traits for attacking the foundations of social order. They are unscrupulous. Violent. Adept at clandestine organization. And richer than governments.

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Showed that pic to my daughter. She's now putting drug baron as her number one career choice. "You always said I should be entrepreneurial". She's worryingly attracted to the bling armoury. I thought she wanted to be a vet.

A short life but a happy one. You can see how it draws in inner-city kids - work at minimum wage for a bare if legal existence or have cash, cars, women and holidays aplenty until you get shot by another upcoming dealer.

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Showed that pic to my daughter. She's now putting drug baron as her number one career choice. "You always said I should be entrepreneurial". She's worryingly attracted to the bling armoury. I thought she wanted to be a vet.

Given the incredible sums vets charge, she's made the right career choice to buy the bling.

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You can see how it draws in inner-city kids - work at minimum wage for a bare if legal existence or have cash, cars, women and holidays aplenty until you get shot by another upcoming dealer.

Is this the transfer mechanism to get QE cash from the banks to the wider (criminal) economy?

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Maria: "O Pablo, there's too much cash to stuff under the mattress."

Pablo: "I know. We'll pile it up in the shape of a bed and throw a sheet over it. They'll never notice."

This guy was picked as a winner by the state. Then the state changed its mind.

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A short life but a happy one. You can see how it draws in inner-city kids - work at minimum wage for a bare if legal existence or have cash, cars, women and holidays aplenty until you get shot by another upcoming dealer.

Oh you are just talking about Cornwall! Bristol is far more easy going! :blink:

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$22bn

I did wonder if that could be accurate - seems unbelievable?!

Perhaps he should've been a bit more generous with his bribes?

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$22bn

6t56Y89.jpg

Or to put it another way, one week's US QE.

Bragger! My third room does not have that!

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I was surprised by how small the 22 billion pile was? That was the bed sized (~) big pile wasn't it?

A quick Google suggests that that is no where near a 22 billion. Probably not even a single billion.

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If this is 1bn 1 dollar bills:

USD4.jpg

Then if they were $100 bills it would be 2.2 times the size of:

USD3.jpg

So could be true.

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If this is 1bn 1 dollar bills:

USD4.jpg

Then if they were $100 bills it would be 2.2 times the size of:

USD3.jpg

So could be true.

Nope. The pile you have shown (the lower picture) is only 100 million dollars. Ten of them make a billion. And they are $100 bills as well!

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