Lets say I´d burn 1Trillion Dollars..?
How big would the impact on our money supply be? and how much would the value of a dollar be after i burned it? also, would i go to jail? I mean isn´t that super weird? me going to jail and telling my cellmate I´m here cuz i burnt money xDD
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I have my doubts whether the system will allow a single person to accumulate so much money in terms of hard currency. Very unlikely. Once you start accumulating, the government will sense a shortage of currency. Even before that, bank managers will start reporting heavy withdrawals by you. The system will NOT permit you to accumulate such a hoard of currency in the first place.
No chance of burning it up.
The US money supply (M1) is about $1.7 Trillion, so that would be 60% of it. If you can pull that off, you'll go to jail, but be in the history books forever.
It would decrease the money supply and increase the value of the dollar.
Yes you would go to prison.
I predict that if you were able to get your hands on $1 trillion in currency, you would suddenly decide you don't want to burn it any more.
judging by how ****** the system is yeah youd go to jail for multiple charges