LC1 Posted February 16, 2014 Share Posted February 16, 2014 A nice little stash But, most important, how much is the house worth?! Link to comment Share on other sites More sharing options...
Frank Hovis Posted February 16, 2014 Share Posted February 16, 2014 I'm in the wrong business! Surely the Mexican gov can just pile into all of these, seize the cash and assets, and pay off its national debt. Link to comment Share on other sites More sharing options...
Deft Posted February 16, 2014 Share Posted February 16, 2014 Looks like a Call Of Duty mission! Link to comment Share on other sites More sharing options...
justthisbloke Posted February 16, 2014 Share Posted February 16, 2014 I worry about the security aspect of keeping cash at home. It seems the answer is to have more pet lions. Link to comment Share on other sites More sharing options...
ntb Posted February 16, 2014 Share Posted February 16, 2014 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. Link to comment Share on other sites More sharing options...
R K Posted February 16, 2014 Share Posted February 16, 2014 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?" Link to comment Share on other sites More sharing options...
justthisbloke Posted February 16, 2014 Share Posted February 16, 2014 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. Link to comment Share on other sites More sharing options...
Venger Posted February 16, 2014 Share Posted February 16, 2014 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. Link to comment Share on other sites More sharing options...
Frank Hovis Posted February 16, 2014 Share Posted February 16, 2014 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. Link to comment Share on other sites More sharing options...
juvenal Posted February 16, 2014 Share Posted February 16, 2014 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. Link to comment Share on other sites More sharing options...
thecrashingisles Posted February 16, 2014 Share Posted February 16, 2014 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? Link to comment Share on other sites More sharing options...
okaycuckoo Posted February 16, 2014 Share Posted February 16, 2014 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. Link to comment Share on other sites More sharing options...
Errol Posted February 16, 2014 Share Posted February 16, 2014 That was just one of my stashes. The guards got stupid. Collateral damage, I guess. Link to comment Share on other sites More sharing options...
MrPin Posted February 16, 2014 Share Posted February 16, 2014 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! Link to comment Share on other sites More sharing options...
happy_renting Posted February 16, 2014 Share Posted February 16, 2014 $22bn Or to put it another way, one week's US QE. Link to comment Share on other sites More sharing options...
LC1 Posted February 16, 2014 Author Share Posted February 16, 2014 $22bn I did wonder if that could be accurate - seems unbelievable?! Perhaps he should've been a bit more generous with his bribes? Link to comment Share on other sites More sharing options...
MrPin Posted February 16, 2014 Share Posted February 16, 2014 $22bn Or to put it another way, one week's US QE. Bragger! My third room does not have that! Link to comment Share on other sites More sharing options...
btl_hater Posted February 17, 2014 Share Posted February 17, 2014 Looks like a typical HPCer's "cash-buyer" fund? Link to comment Share on other sites More sharing options...
Snafu Posted February 17, 2014 Share Posted February 17, 2014 I was surprised by how small the 22 billion pile was? That was the bed sized (~) big pile wasn't it? Link to comment Share on other sites More sharing options...
Turned Out Nice Again Posted February 17, 2014 Share Posted February 17, 2014 22 Billion $? I'm calling bVllsh!t on this. Link to comment Share on other sites More sharing options...
scrappycocco Posted February 17, 2014 Share Posted February 17, 2014 Why didn't the dude just grease some palms and wet some beaks, its the way you do business these days. Link to comment Share on other sites More sharing options...
justthisbloke Posted February 17, 2014 Share Posted February 17, 2014 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. Link to comment Share on other sites More sharing options...
LC1 Posted February 17, 2014 Author Share Posted February 17, 2014 A quick Google suggests that that is no where near a 22 billion. Probably not even a single billion. Yep, looks like bullsh!t. Though probably somewhere north of $100million according to these handy illustrations... http://specialfxforwizards.blogspot.co.uk/2011/07/visualization-of-us-debt.html Link to comment Share on other sites More sharing options...
Jason Posted February 18, 2014 Share Posted February 18, 2014 If this is 1bn 1 dollar bills: Then if they were $100 bills it would be 2.2 times the size of: So could be true. Link to comment Share on other sites More sharing options...
the gardener Posted February 19, 2014 Share Posted February 19, 2014 If this is 1bn 1 dollar bills: Then if they were $100 bills it would be 2.2 times the size of: 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! Link to comment Share on other sites More sharing options...
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