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The Fed says this is a cube of $1M. They're off by half a million
41–50 of 578 posts
Re: The Fed says this is a cube of $1M. They're off by half a million
#42I don't think the cube is stacked as uniformly as the OP thinks. Notice in this photo how the side of the cub right/side - the bills are not oriented in the same direction as on the other sides. https://calvin.sh/blog/fed-lie/cube-side.jpg/
I count 8 stacks in that orientation, which is exactly as described in the article.
Re: The Fed says this is a cube of $1M. They're off by half a million
#43Do we truly know if the Middle is all dollar bills and not filler?
there's only one way to find out
Re: The Fed says this is a cube of $1M. They're off by half a million
#44There are additional stacks hidden by the aluminum framing. Everything is flush against the glass so there are a few more inches on each face not counted in the 102 figure.
So you are saying its even more incorrect than the article claims?
Re: The Fed says this is a cube of $1M. They're off by half a million
#45counting things are a huge intellectual blind spot. For some reason, when people hear a figure, they accept it as gospel. sums, averages, population, budgets, spending, rates. Counting things is time consuming and error prone. Ask a casino. You can have 3 people count something and come to a different figure off by a few percent. Seriously if someone says there's $1m in there, who is going to second guess? Thankfully…
Makes you wonder if all those pallets of cash we sent Iran really contained all the money we said it did. Also makes me wonder how you count money that arrives on pallets like that? Do you set up a warehouse full of money counters?
Iraq, and no. Almost certainly the biggest undetected heist in history.
Re: The Fed says this is a cube of $1M. They're off by half a million
#46Probably has a tidy façade, with a jumble full of gaps in the middle.
Edit: Actually I reckon they deliberately oversized the container a bit so it's easier to pack the cash in. You don't want to build it too small! (Relative budget notwithstanding). Another design constraint it has to be a cube, and has to fit nicely to the dimensions of the banknotes on the front face (aspect ratio and size) without having a big gap on one side.
Re: The Fed says this is a cube of $1M. They're off by half a million
#47Not surprised that the Fed overspent a project by 50%.
I doubt this cost them 1.5M out of their real budget, lol. My guess is these are not legal tender in some way, e.g. worn-out bills that would otherwise be destroyed.
Re: The Fed says this is a cube of $1M. They're off by half a million
#48Re: The Fed says this is a cube of $1M. They're off by half a million
#49>So yeah. They’re off by 50%. Ah, that'll be the allowance for inflation/devaluation.
or allowance for vendor graft if they billed for $1mm
Re: The Fed says this is a cube of $1M. They're off by half a million
#50Earlier quoted context omitted.
Doesn't this depend on the point of view?
Well, sure, things probably look different when you’re standing on your head.
Listen, if the money is greater than the claim, another way to say the exact same thing, without even standing on your head, is that the the claim is less than the money!