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Apple Exec Stashed $150,000 In Shoe Boxes
angry tapir writes "US federal agents found more than US$150,000 in cash when they searched the house of Apple manager Paul Devine earlier this month, according to prosecutors. 'He had over $150,000 stored in shoe boxes,' Department of Justice Attorney Michelle Kane said. Devine was charged two weeks ago with taking kickbacks from Apple suppliers."
Don't worry. CmdrTaco has his ear to Steve Jobs' anus just in case he lets loose a fart.
Well, the kind of prison he's going to, he's definitely going to have to diversify. At least on some of his lifestyle choices...
Really there is nothing new in this 'story' so I'm calling it a dupe. The title includes 'Stashed $150,00 in Shoe Boxes'. Is that news? Is someone trying to build a case? Because we all know its a terrible crime to put cash in a shoe box. Come on. There is no useful information here.
Now when you have a ~5% devaluation rate on your paper, due to the Private Central Bank running the printing presses like mad. $150,000 today... $142,000 next year... $135,000 the following year... and so on.
By 2020 your mattress or shoebox stash will be worth just $89,000. You're better off to put the paper in the bank where the 5% devaluation can be offset by a 1-2% interest rate.
I know it was a humorous exercise, but until the printed bills [year stamp specific and regionally stamped] are no longer valid to exchange for goods, the value doesn't depreciate. It's still $150,000. You would have made more of an impact with the simple fact that your mattress isn't FDIC insured and even .5% is better than 0%.
The paper money depreciates over time ONLY if the available supply of printed paper increases. Tons of cash is being printed as we speak, however it's not getting into the hands of Joe Consumer, it's going to the banks to clean up their balance sheets and make them appear solvent, among other places. Standard theories based on history don't always hold true. Hyper-printing currency doesn't immediately lead to hyper-inflation.
>>>The paper money depreciates over time ONLY if the available supply of printed paper increases
Which is what the central bank has done. There's now approximately one hundred times more paper dollars than existed in the 1920s. Therefore it devalued. Do you know how the US Congress bailed-out AIG and other megacorps? They simply added a few zeros to AIG's account at the private central bank (aka the Fed).
They made money out of thin air, and that automatically devalued ALL the existing paper dollars. Of course it will take 2-3 few years for that effect to trickle-down to us consumers, but it will eventually be visible as our private stashed of paper lose value. (i.e. You won't be able to buy a week's worth of food with only one hundred pieces of paper anymore.)
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