Thread: Can't BNM at least tell us how much PIPS was worth?

Originally Posted by pluggy

Last January someone posted on a forum that picpay was worth 16 Billion which translates to about 700 tons of gold (backed by gold remember). At 2% a day for a conservative 20 days a month for 17 months makes picpay worth over 500,000 tons of gold. Which means there is absolutely no problem with getting payed out.

Except perhaps there is only half that amount known to be on the planet.....

Pluggy,

I believe that your line of reasoning is incorrect. First off, How can picpay be worth more than PIPS? I seem to recall that the total value of PIPS was well BELOW the stated 16 Billion. Plus Picpay does NOT provide a 2% return on our money. It is supposed to be our payment vehicle to get money into and out of PIPS.

It is this kind of misinformation that creates problems.

Rex

Shall we say PIPs was only worth 1 Billion last January and not 16 ? OK just add on another few months. it won't take long to catch up.The payment vehicle is going to need lots to pay off world debt which I should be able to do singlehandedly around 2012...........

Originally Posted by pluggy

Shall we say PIPs was only worth 1 Billion last January and not 16 ? OK just add on another few months. it won't take long to catch up.The payment vehicle is going to need lots to pay off world debt which I should be able to do singlehandedly around 2012...........

You'd better do it quick in 2012...The Mayan calendar says it's going to be a "short" year...You know, with the world ending and all that...

Everwiser

Originally Posted by pluggy

Shall we say PIPs was only worth 1 Billion last January and not 16 ? OK just add on another few months. it won't take long to catch up.The payment vehicle is going to need lots to pay off world debt which I should be able to do singlehandedly around 2012...........

why Pluggy! How kind of you to offer! .. but really, I'd like to help pay off my share.... ok? and I'm sure there are other's who would like to help too

If I can withdraw my estimated 1.09 quadrillion dollars in 2012 I'll pay off world debt on my own, you can keep what you get :)

Quadrillion is a million billion, The US national debt is a mere 8.4 Trillion, A quadrillion should easily cover world debt.............

OK ...just have to ask ...

If you are driving down the highway doing lets say 60 miles per hour ...
There is a pesky little fly .. buzzing around your head ... all of a sudden you slam on the brakes ... Why doesn't the fly smash his little face in the windshield ... mine is there ... but he is still flying around ... GO Figure ..

One of life's little mysteries

Originally Posted by pluggy

If I can withdraw my estimated 1.09 quadrillion dollars in 2012 I'll pay off world debt on my own, you can keep what you get :)

Quadrillion is a million billion, The US national debt is a mere 8.4 Trillion, A quadrillion should easily cover world debt.............

you're too kind!
well then, I'll use all of mine to feed and house the poor.... but I may need to get a part time job, because I think that will take a little more than 8.4 trill.... I may be wrong about that. we'll see.

Thanks pluggy, have a great day!

Originally Posted by pluggy

If I can withdraw my estimated 1.09 quadrillion dollars in 2012 I'll pay off world debt on my own, you can keep what you get :)

Quadrillion is a million billion, The US national debt is a mere 8.4 Trillion, A quadrillion should easily cover world debt.............

Don't worry about it, the Mayan calander says that the world is going to end in December of 2012, so just save all that cash and then after the end, you'll be all set to be the world leader! LOL! Still, very generous of ya!

Originally Posted by Methedivine

Don't worry about it, the Mayan calander says that the world is going to end in December of 2012, so just save all that cash and then after the end, you'll be all set to be the world leader! LOL! Still, very generous of ya!

Seems like the Mayans said it will be a end of these times but get ready for a new beginning or something like that.

Originally Posted by pluggy

Shall we say PIPs was only worth 1 Billion last January and not 16 ? OK just add on another few months. it won't take long to catch up.The payment vehicle is going to need lots to pay off world debt which I should be able to do singlehandedly around 2012...........

Hey Pluggy,
I thought you sold your account.