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(XKCD) Interesting An appalling and detailed chart of our monetary misery   (xkcd.com) divider line 83
More: Interesting  
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12961 clicks; posted to Main » on 23 Nov 2011 at 11:56 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



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2011-11-23 11:58:40 AM
do I need to print this out to figure out what is going on here?
 
2011-11-23 12:00:11 PM
This is going to be way over the head of 99% of the Farkers on this site. Very interesting to look at the breakdown. Zerohedge material if I ever saw it.
 
2011-11-23 12:00:46 PM
Well, there goes another hour. It's not like was gonna get anything done today, anyway.
 
2011-11-23 12:03:43 PM
Bruce Wayne has 6.5 billion! And he paid no taxes!!!!!!
 
2011-11-23 12:09:57 PM
One F-22 Raptor: $154,500,000
One velociraptor: $1,930,000


I chortled.
 
2011-11-23 12:10:53 PM
that wasn't very funny.
 
Xai
2011-11-23 12:11:00 PM
This is a very interesting chart - notice that the value of all proven oil reserves is greater than world liquid assets and far bigger than any economy - If anyone could replace oil, they would become limitlessly rich even if only taking a fraction for themselves.
 
2011-11-23 12:11:29 PM
It's nice when Randall uses his assburgers for a good cause, as opposed his to "week-long Firefly fanfic" bullshat.
 
2011-11-23 12:11:52 PM
Not only does the link not work, scrolling in this page acts very strangely.
 
2011-11-23 12:14:52 PM
Flakeloaf: Not only does the link not work, scrolling in this page acts very strangely.

You may want to upgrade from IE 4.0
 
2011-11-23 12:16:14 PM
What is hapening is pretty simple: You can take a piece of paper, print words on it and say it has value--and if enough people believe so, then it has value.

However if enough people don't feel that way, you are up sh*t creek.

\\\ and I has a sinking feeling.
 
2011-11-23 12:16:45 PM
The way to communicate a point more effectively is not always just to include more data...
 
2011-11-23 12:17:02 PM
Wonder how much time it took to put that together.

Also wonder how much time it will cost employers of people trying to grasp it.
 
2011-11-23 12:21:48 PM
I feel like xkcd could quit doing regular strips and just put something like this (or gravity wells, etc.) out every six months or so. I'd be fine with that.
 
2011-11-23 12:21:54 PM
olddinosaur: What is hapening is pretty simple: You can take a piece of paper, print words on it shiny metal and say it has value--and if enough people believe so, then it has value.

However if enough people don't feel that way, you are up sh*t creek.

\\\ and I has a sinking feeling.


Still works. Unless the entire world starts basing its economy on food, or other things with actual, quantifiable value, that's how the system works. Gold is only as valuable as people say it is, just like every other currency.
 
2011-11-23 12:31:05 PM
400 wealthiest Americans >$ Bottom 153,000,000+ Americans.

That's roughly the combined populations of the 10 most populated states - CA, TX, NY, FL, IL, PA, OH, MI, GA, NC. Or the 40 others combined.

1 average top ~.01%er owns more than 382,000 bottom 50%ers.

That's roughly the population of Minneapolis.
 
2011-11-23 12:34:13 PM
kevinatilusa: The way to communicate a point more effectively is not always just to include more data...

The way to communicate a point more effectively is not always just to include more data.
 
2011-11-23 12:34:44 PM
In putting that together I also realize that 50% of our population lives in just 10 states.
 
2011-11-23 12:36:13 PM
toejam: Flakeloaf: Not only does the link not work, scrolling in this page acts very strangely.

You may want to upgrade from IE 4.0


Lynx. Get off my lawn,.

/stuck with IE at work
 
2011-11-23 12:36:48 PM
mrmyxolodian: kevinatilusa: The way to communicate a point more effectively is not always just to include more data...

The way to communicate a point more effectively is not always just to include more data.


The way to effectively communicate a complex problem often involves a lot of data.

/am I doing it right?
 
2011-11-23 12:37:00 PM
TS;DR
 
2011-11-23 12:38:49 PM
Deneb81: 400 wealthiest Americans >$ Bottom 153,000,000+ Americans.

That's roughly the combined populations of the 10 most populated states - CA, TX, NY, FL, IL, PA, OH, MI, GA, NC. Or the 40 others combined.

1 average top ~.01%er owns more than 382,000 bottom 50%ers.

That's roughly the population of Minneapolis.


Crap. That's .0001%. Not .01%.
 
2011-11-23 12:40:18 PM
Cost of 1 bomber > entire shuttle program

/can't remember the exact numbers because I read it yesterday, and too lazy to load that monstrosity again and scroll through all the coloured squares
 
2011-11-23 12:42:28 PM
PrinceofFark: This is going to be way over the head of 99% of the Farkers on this site. Very interesting to look at the breakdown. Zerohedge material if I ever saw it.

Thank God you are here to explain it to everyone, Professor Hawking.
 
2011-11-23 12:43:08 PM
LordJiro: olddinosaur: What is hapening is pretty simple: You can take a piece of paper, print words on it shiny metal and say it has value--and if enough people believe so, then it has value.

However if enough people don't feel that way, you are up sh*t creek.

\\\ and I has a sinking feeling.

Still works. Unless the entire world starts basing its economy on food, or other things with actual, quantifiable value, that's how the system works. Gold is only as valuable as people say it is, just like every other currency.



The federal reserve is assessed by itself towards it's own interests; it is NOT just like any other currency, not even US currency historically (read up on Iceland's recent financial escapades for further clarification).
 
2011-11-23 12:45:01 PM
I wonder if Coca-Cola will run with this, and buy the world a Coke instead of advertising next year.
 
2011-11-23 12:45:35 PM
welchblvd: I feel like xkcd could quit doing regular strips and just put something like this (or gravity wells, etc.) out every six months or so. I'd be fine with that.

Between this chart and the one on radiation, I enjoyed learning far more than I expected from a comic strip chart.
 
2011-11-23 12:55:11 PM
How much for the world's largest computer monitor so I can read the damn thing?
 
2011-11-23 12:57:26 PM
To think that such vast wealth is in such incompetent, irresponsible hands.

I just died inside a little.
 
2011-11-23 01:04:02 PM
I opened the trillions part and felt actual terror looking at the derivatives. Let's go back to raptor equations before I build a bunker and hide it in.
 
2011-11-23 01:22:42 PM
misanthropic1: LordJiro: olddinosaur: What is hapening is pretty simple: You can take a piece of paper, print words on it shiny metal and say it has value--and if enough people believe so, then it has value.

However if enough people don't feel that way, you are up sh*t creek.

\\\ and I has a sinking feeling.

Still works. Unless the entire world starts basing its economy on food, or other things with actual, quantifiable value, that's how the system works. Gold is only as valuable as people say it is, just like every other currency.


The federal reserve is assessed by itself towards it's own interests; it is NOT just like any other currency, not even US currency historically (read up on Iceland's recent financial escapades for further clarification).


All this is interesting but how does it compare to the buying power of the leaf.
 
2011-11-23 01:22:56 PM
Price of a Snapple?
 
2011-11-23 01:25:24 PM
majestic: PrinceofFark: This is going to be way over the head of 99% of the Farkers on this site. Very interesting to look at the breakdown. Zerohedge material if I ever saw it.

Thank God you are here to explain it to everyone, Professor Hawking.


ROTFLMFAO

+6.9
 
2011-11-23 01:25:52 PM
busy chillin': that wasn't very funny.

I found it a Curate's Egg: bits of it were excellent.

upload.wikimedia.org
Bishop: "I'm afraid you've got a bad egg, Mr Jones";
Curate: "Oh, no, my Lord, I assure you that parts of it are excellent!"
"True Humility" by George du Maurier, originally published in Punch, 1895.



Wikipedia, http://en.wikipedia.org/wiki/Curate%27s_egg
 
2011-11-23 01:32:42 PM
I blame the Dutch!

http://en.wikipedia.org/wiki/Wampum

/And Peter Griffin
 
2011-11-23 01:34:25 PM
toejam: Flakeloaf: Not only does the link not work, scrolling in this page acts very strangely.

You may want to upgrade from IE 4.0


I viewed it on IE 9.0 and it was funky for me too.
 
2011-11-23 01:36:42 PM
I note that according to this graph, 65% of the world's total economic production since the beginning of time has been produced since 1980.

Not only does this testify to the rapid growth of the world economy (thanks to 10% growth in countries like China and India and to the value created by the internets (piping, not trucking information and virtual goods and services around), but it is evidence that the denialists who claim that global warming is not happening and who deny the Mann hockey stick are clearly unaware that underneath the Mann hockey stick, there is a bigger and sharper hockey stick (of energy use) which lies on another hockey stick (of production) which lies on another hockey (of human population).

It's simply ludicrous to deny the CO2 hockey stick, and therefore pretty idiotic to deny that the CO2 hockey stick is rapidly transforming the atmosphere into a man-made artifact.

But I digress.

There's lots and lots of food for thought in this thing. I forwarded it to a number of colleagues. I hope they can figure out how to open it.

Oh, well. I should email them all again and suggest they use Firefox. Third time's the charm.
 
2011-11-23 01:37:52 PM
PrinceofFark: This is going to be way over the head of 99% of the Farkers on this site. Very interesting to look at the breakdown. Zerohedge material if I ever saw it.

XKCD is over the head of 99% of people period...
 
2011-11-23 01:45:05 PM
Braindeath: I opened the trillions part and felt actual terror looking at the derivatives. Let's go back to raptor equations before I build a bunker and hide it in.

The debt portion right under it, specifically household debt, filled me with terror much more so.
 
2011-11-23 01:56:07 PM
ADDDAddy: misanthropic1: LordJiro: olddinosaur: What is hapening is pretty simple: You can take a piece of paper, print words on it shiny metal and say it has value--and if enough people believe so, then it has value.

However if enough people don't feel that way, you are up sh*t creek.

\\\ and I has a sinking feeling.

Still works. Unless the entire world starts basing its economy on food, or other things with actual, quantifiable value, that's how the system works. Gold is only as valuable as people say it is, just like every other currency.


The federal reserve is assessed by itself towards it's own interests; it is NOT just like any other currency, not even US currency historically (read up on Iceland's recent financial escapades for further clarification).

All this is interesting but how does it compare to the buying power of the leaf.


Not as stable as the buying power of the stick; here's a free book on the subject if you're interested: Link (new window)
 
2011-11-23 01:56:40 PM
Jack Kerouac: Braindeath: I opened the trillions part and felt actual terror looking at the derivatives. Let's go back to raptor equations before I build a bunker and hide it in.

The debt portion right under it, specifically household debt, filled me with terror much more so.


So I guess you would be opposed to me borrowing money to build my bunker. Do you want a room anyway?

That actually worries me less because I feel the system can better absorb some of those people defaulting as opposed to the insurance companies failing. Not that it isn't also scary.
 
2011-11-23 02:01:18 PM
Flakeloaf: toejam: Flakeloaf: Not only does the link not work, scrolling in this page acts very strangely.

You may want to upgrade from IE 4.0

Lynx. Get off my lawn,.

/stuck with IE at work


Same here, although I did get them to move from IE6 to IE7.

And no, portable versions won't work -- the sysadmins get an email with a list of everything on a USB stick when it gets inserted. They also get an email any time a program is installed. (Not that I could, I'm not an administrator.) They even know exactly what I'm doing online, including this post.

/On overhead this week.
//Taking a break from cleaning out my desk.
 
2011-11-23 02:02:01 PM
There. I hope that my suggestion that my correspondent's use Firefox or another browser works, because third time's the charm and it would be embarrassing to send a fourth email.

I missed a few things the first time through: for example, the cost of the things in the Bare Naked Ladies song "If I had a million dollars".

The cost of changing cars for a lifetime rather than changing oil is interesting--$3,270,000. I haven't thought about such a luxury, but I did think about the cost of not washing stockings.

At $10 a pair (modest) it is $3,560 a year (a bit more in leap years, of course). At $100 a pair (fashionable), it would be $35,600. I am not sure if you can get knee-length black silk stockings for only $100 a pair nowadays. Seems a bit on the low side, at least if you are buying retail and famous brand names. But I am sure you could get something barely distinguishable at the price, give or take, and it is a small price for a truly rich man or even many of the mass affluent, or middle classes proper.

Since old clothes is one of the perquisites of your butler or valet (if you have a valet instead of, or in addition to, a butler), your gentleman's gentleman could make a tidy sum of money by having your stockings laundered and selling them. In the Blackadder III series, Prince George the Prince Regent complains of never having any stockings. This is because Blackadder is often selling them rather assiduously and possibly before the Prince wears them. The bill is GBP59,000, which would have kept a Lord in style in the early 1800s (when 10,000 pounds a year was very rich). It's odd that the Prince Regent couldn't be more virtuous on his immense Civil List income, seeing as Becky Sharp found it very easy for a lady to be virtuous on GBP 10,000 a year after a period of high price inflation.

Then again, even a poor Prince finds it hard to be virtuous. Just look at Justin Bieber's Baby Momma. No, better if you don't. The subject doesn't bear examinatiion.

And did you notice the cost of the Royal Wedding? Phew! What a scorcher! Well, maybe that's another matter, but it's funny that the Royals spent more on flowers than Paul Desmarais, the Canadian billionaire, spent on his daughters whole wedding (a mere $600,000, many years ago). A bit extravagant, but unlike private weddings, a royal wedding is a public event that brings a lot more into Government coffers than it costs the taxpayer. They made the money back with a large profit, I am sure, even if the Royals weren't out of pocket for a penny.
 
2011-11-23 02:02:53 PM
EWreckedSean: PrinceofFark: This is going to be way over the head of 99% of the Farkers on this site. Very interesting to look at the breakdown. Zerohedge material if I ever saw it.

XKCD is over the head of 99% of people period...


OCCUPY XKCD
 
2011-11-23 02:05:21 PM
EWreckedSean: PrinceofFark: This is going to be way over the head of 99% of the Farkers on this site. Very interesting to look at the breakdown. Zerohedge material if I ever saw it.

XKCD is over the head of 99% of people period...


Is that another way of saying it's popularity rating is 1%? Because that seems a little high.
 
2011-11-23 02:08:32 PM
EWreckedSean: PrinceofFark: This is going to be way over the head of 99% of the Farkers on this site. Very interesting to look at the breakdown. Zerohedge material if I ever saw it.

XKCD is over the head of 99% of people period...


Well, occasionally. Many of the cartoons are not so obscure or geeky. I have a book of XKCD cartoons. The page numbering is, er, somewhat eccentric, which is to say, very geeky. Instead of consecutive integers in the normal manner, some of the page numbers are non-consecutive, irrational or otherwise less familiar numbers. Constants such as pi (irrational and transcendental) and even equations make an appearance. I think this is a charming in-joke and don't worry too much if I don't get all of the references.

A child ought to be able to follow the basic equivalencies in the chart, although it is hard to read the whole chart without moving it around. It would be very impressive printed out on stock paper as a poster. I assume that a printing center (a real printing center, not just a photocopier place like they have at Staples) would be able to print this on a six foot long, four foot high sheet, which would be adequate, perhaps.
 
2011-11-23 02:12:08 PM
Here's the actual link
Link (new window)
 
2011-11-23 02:12:59 PM
His charts are usually pretty compelling; not many people combine the data savvy and graphical presentation abilities that he has. Usually they are mutually exclusive... engineers produce terrible art and artists produce terrible, uh, engines? I guess?
 
2011-11-23 02:15:10 PM
EWreckedSean: PrinceofFark: This is going to be way over the head of 99% of the Farkers on this site. Very interesting to look at the breakdown. Zerohedge material if I ever saw it.

XKCD is over the head of 99% of people period...


Which is why almost nobody reads it and the vast majority of those who do become angered and confused.
 
2011-11-23 02:24:58 PM
Braindeath: I opened the trillions part and felt actual terror looking at the derivatives. Let's go back to raptor equations before I build a bunker and hide it in.

They terrified the grammar right out of you
 
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