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09-13-2002, 04:25 AM | #21 |
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Join Date: Mar 1999
Location: Ventura, California
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Barry Manilow didn't write "I Write The Songs".
If Bill Gates wanted to cash out his entire worth for US Currency, it couldn't be done. There isn't that much printed money in circulation. Take care, ~Chris
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09-13-2002, 05:48 AM | #22 |
My poor 79 RIP
Join Date: Oct 2001
Location: Suisun City,
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Great one, I havn't tried the elbow thing yet, Im still in public
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'84 mustang GT turbo '85 LTD '89 Camaro Irocz z28 '94 Lightning '96 Trans am |
09-13-2002, 07:27 AM | #23 |
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Join Date: Oct 1998
Location: Rogers, MN
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There's $555 billion in cash being circulated. Bill Gates is worth $55 billion.
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351W 89 Mustang GT Convertible |
09-13-2002, 07:37 AM | #24 | |
347ci of HORSE POWER!!!
Join Date: Jul 2001
Location: Houston, TX
Posts: 1,416
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Re: How can you live without knowing this?
Quote:
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09-13-2002, 07:49 AM | #25 | |
Junior Member
Join Date: Mar 1999
Location: Ventura, California
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Quote:
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09-13-2002, 08:21 AM | #26 | |
or '331 LX Eric'
Join Date: Jan 1999
Location: Columbus, Ohio
Posts: 2,142
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Quote:
As for the Bill Gates thing, if he were to 'cash out' the SEC would require him to disclose the sale prior to selling his thousands of shares of Microsoft which would immediately send the price plummeting. He would need to liquidate in 'small' (a relative word here) amounts of shares over a long period in order for the markets to withstand the large influx of shares without diluting the shares market value to a large extent. The public perception of Mr. Gates selling off large amounts of shares alone would be disastrous. It would be cool though if they could pay him out in pennies or even dollar bills for that matter. Could you imagine what $55 billion would look like in $1 bills!!!!! E
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1991 5.0 LX Coupe - 40,750 miles 331 cu. in. / Tremec 3550 / BFG Drag Radials 12.22 @ 114.31 mph - w/1.89 60' |
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09-13-2002, 08:28 AM | #27 | |
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Quote:
BTW, I still can't find the exact numbers, but I remember the important points that made it work was that it could only be paper money that was in circulation within our borders. Take care, ~Chris
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09-13-2002, 08:48 AM | #28 |
or '331 LX Eric'
Join Date: Jan 1999
Location: Columbus, Ohio
Posts: 2,142
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Sorry, Chris. It's just the nerdy CPA coming out it me. I'll stop now. /me adjusting my visor and putting one of my ten pens back into my pocket protector./
E
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1991 5.0 LX Coupe - 40,750 miles 331 cu. in. / Tremec 3550 / BFG Drag Radials 12.22 @ 114.31 mph - w/1.89 60' |
09-13-2002, 09:12 AM | #29 | |
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Quote:
Take care, ~Chris
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