{"id":609553,"date":"2024-03-25T20:37:54","date_gmt":"2024-03-26T00:37:54","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=609553"},"modified":"2024-03-25T20:39:55","modified_gmt":"2024-03-26T00:39:55","slug":"what-is-10-of-a-billion-dollars","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/03\/25\/what-is-10-of-a-billion-dollars\/","title":{"rendered":"What is 10% of a billion dollars?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">If you had put a hundred thousand dollars in this house you would have 305x return over 92 years.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">But if you had put the money a hundred thousand dollars in a safe deposit box and buried it in the basement, you would have lost 99.7% of your wealth over the same time period. So the expansion of the currency creates a massive inefficiency in the society \u00e2\u20ac\u201d what I\u00e2\u20ac\u2122ll call an adiabatic lapse. what we\u00e2\u20ac\u2122re doing is we\u00e2\u20ac\u2122re bleeding the civilization to death.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">This is why money is so bizarre; let us say that you just took $1 billion, and put it into a very simple 10% yield fund. Your money will naturally grow, $100 million a year \u00e2\u20ac\u201d by sitting on your butt and doing nothing. And that number will continue to expand indefinitely.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">10% of a billion dollars is $100 million.<\/p>\n\n\n\n\t\t<figure class=\"wp-block-jetpack-videopress jetpack-videopress-player\" style=\"\" >\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t<\/figure>\n\t\t","protected":false},"excerpt":{"rendered":"<p>If you had put a hundred thousand dollars in this house you would have 305x return over 92 years. But if you had put the money a hundred thousand dollars in a safe deposit \u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-609553","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/609553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=609553"}],"version-history":[{"count":3,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/609553\/revisions"}],"predecessor-version":[{"id":609556,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/609553\/revisions\/609556"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=609553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=609553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=609553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}