OPPT (One Person's Public Trial) - Tucci-Jarraf

[Resume]

She's pining for Antarctica.

[Athis]

She's probably in antarctica with the families

[Arthur Rubin]

She's pining for Antarctica.

Are there pines in Antarctica?

[Resume]

She's pining for Antarctica.

Are there pines in Antarctica?

There are fiords.

[Tuba Cain]

Unrelated, but I’m still disappointed there wasn’t a Fiord Prefect joke in the Hitchhiker’s Guide to the Galaxy.

And with that off my chest, back to lurking I go.

[Arthur Rubin]

Unrelated, but I’m still disappointed there wasn’t a Fiord Prefect joke in the Hitchhiker’s Guide to the Galaxy.

And with that off my chest, back to lurking I go.

I thought that was Ford Prefect, or perhaps Fforde Prefect.

[Tuba Cain]

It is Ford Prefect, but another character named Slartibartfast is really, really in to fiords.

[Jeffrey]

Bob Wright, one of the original promoters of OPPT is reported dead. The obituary published his full name and address so I figured I'd check if he ever got into any court problems testing OPPT stuff but nothing popped up.

[BoomerSooner17]

Was he the one who kept going to different banks trying to "deposit his value" or was he the one who begged and fleeced the supporters to pay for his flight to Morocco with a wheelchair?

[Burnaby49]

Was he the one who kept going to different banks trying to "deposit his value" or was he the one who begged and fleeced the supporters to pay for his flight to Morocco with a wheelchair?

I seem to recall he was both.

[Athis]

Like the rest of them he promoted complete bs with an air of assurance and authority
He was able to preach financial abundance and perfect health while being chronically poor and unhealthy himself

[Jeffrey]

In addition to that, Bob was also the one that argued that the economy would not collapse if everyone was given ten billion dollars because to paraphrase "people would still show up to work at factories for fun".

[noblepa]

In addition to that, Bob was also the one that argued that the economy would not collapse if everyone was given ten billion dollars because to paraphrase "people would still show up to work at factories for fun".

Actually, they probably would show up for work because, such a distribution would so dilute the value of the dollar that a car would cost 25 billion dollars, a loaf of bread would cost $10 million. A decent house would probably cost $100 billion.

[notorial dissent]

The net effect, if everyone were given a bazillion dollars, would be ZERO, for the simple reason that everyone would have a bazillion dollars. Everyone would still be in the same position they were before they got the money. It would produce an inflation that would put Zimbabwe to shame.

[Pottapaug1938]

In the German hyperinflation of 1923, you went to the store with your money in a basket, and carried home your purchase in your pocket or handbag.

[Siegfried Shrink]

The net effect, if everyone were given a bazillion dollars, would be ZERO

Not at all true. The effect would be to wipe out any savings you had, any cash balances, pretty well any investments. The richer you are, the more you lose. In effect, it was the destruction of the finances of the German middle classes that rendered the democratic election of Hitler and the NSDAP possible. People who would have had a status to defend had nothing to lose.

Lashings of cash for everyone would be very much against the interests of the rich and what's the point of being a global elite if you cannot be rich?

Of course, if all the people in the know knew billions of bucks were on the way, they would sell any dollars they had first, depressing and then tanking the dollar on the Forex market.

[Athis]

The arguments put forward by the OPPT et al show how little they understand money
Economics and the money supply is very poorly understood generally - even by economists
And that is not accidental

[JohnPCapitalist]

In addition to that, Bob was also the one that argued that the economy would not collapse if everyone was given ten billion dollars because to paraphrase "people would still show up to work at factories for fun".

Actually, they probably would show up for work because, such a distribution would so dilute the value of the dollar that a car would cost 25 billion dollars, a loaf of bread would cost $10 million. A decent house would probably cost $100 billion.

Here's approximately what would happen: the current M2 money supply is about $14 trillion. That's demand deposits and some other useful stuff. If all 320 million people in the US got $10 billion overnight, the money supply would go up by $3,200,000,000,000,000,000. That's about 223,000 times the current money supply. So take the prices of everything you have currently and multiply by 223,000 and you'd see about where they would end up.

It's scarcely better than "eleventy seven zillion skadillion dollars" in terms of bad math skills. Most of the SovCit crowd can count to 11 if they take their shoes and socks off because of all that inbred hexadactyly, but not much further.

[The Seventh String]

One immediate necessity would be to revalue the dollar, say making “one new dollar” the equivalent of 100,000 “old dollars”. That or make the banknotes four times larger to have the space to squeeze the numbers and writing in on the $10,000,000 plus value notes.

Without a re-evaluation stick-on price labels would have an even worse problem as the price tag would often be much larger than the thing it’s attached to.

The end result would certainly be a general levelling effect on wealth possession across the US population, but another effect would be the devaluation of dollar holdings, shares and commodities (like oil) quoted in dollars, US government bonds and dollar based investments held outside the US. My mind isn’t prepared to boggle to the necessary depths to try and work out what the overall global effect would be, but I suspect it would be memorable.

[KickahaOta]

One immediate necessity would be to revalue the dollar, say making “one new dollar” the equivalent of 100,000 “old dollars”. That or make the banknotes four times larger to have the space to squeeze the numbers and writing in on the $10,000,000 plus value notes.

Or we could all just learn scientific notation. ("Your new monthly rent is $3.122E8" is much more compact than "Your new monthly rent is $312,200,000.")