"worth my weight" in Bills or Gold?....Bills sounds better
today...though do consider that...
...in 1971 Nixon disbanded from the Gold Standard. My economic reference
book says, 'Almost every country, including the United States, is on a
system of fiat money
<http://economics.about.com/library/glossary/bldef-fiat-money.htm> ,
which the glossary defines as "money that is intrinsically useless; is
used only as a medium of exchange". '
With the printing of more money as you aged, inflation would devalue
your exchange potential (unless you body built or ate lots).
Shean Dalton
Austin American Technology
missed lunch, printed several articles on inflation and the history of
money, new reading material for the ventilated library
Have a Great Weekend!!!
-----Original Message-----
From: Lee Whiteman
Sent: 11/12/2004 12:05 PM
To: [log in to unmask]
Subject: Re: [TN] Friday Question - Heavy Costs
Joining in on the fun, I weigh ~ 200 pounds. Therefore, when somebody
clains that I am worth my weight, does that mean I'm worth $ 1,816,000?
Taking this one step further, what would my weight in gold be?
Lee Whiteman
Senior Manufacturing Engineer
American Competitiveness Institute
E-Mail: [log in to unmask]
Ph: (610) 362-1200 x208
Fax: (610) 362-1290
-----Original Message-----
From: TechNet [mailto:[log in to unmask]] On Behalf Of Eric Kalgren
Sent: Friday, November 12, 2004 9:03 AM
To: [log in to unmask]
Subject: Re: [TN] Friday Question - Heavy Costs
According to this web site:
http://www.exchangerate.com/us_currency_fun_facts.html
There are 454 bills of any denomination in a pound, so a pound of
twenties is $9080.00
Eric Kalgren
Manufacturing Engineer
Atlantic Microwave
Phone: 978-779-7062
Fax: 978-779-0101
-----Original Message-----
From: Jack C. Olson [mailto:[log in to unmask]]
Sent: Friday, November 12, 2004 8:53 AM
To: [log in to unmask]
Subject: [TN] Friday Question - Heavy Costs
At one of the conventions I heard someone
talking about buying assembly equipment:
"How many pounds of twenty dollar bills
am I going to need for this?"
It just got me wondering... How much is a
pound of twenty dollar bills?
Jack
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