Editing 980: Money

{{comic
| number    = 980
| date      = November 21, 2011
| title     = Money
| image     = money.png
| titletext = There, I showed you it.
}}
{{TOC}}

'''Note:''' Clicking on the image on xkcd (click the date above the comic to go to the comic on xkcd) takes you to an [http://xkcd.com/980/huge/ interactive] and '''much much''' larger image. <br>
On the interactive image there are two links:<br>
One takes you to the [http://xkcd.com/980/sources/ sources and downloads] page where a list of sources can be downloaded (DataDump.csv).<br>
Also the [http://imgs.xkcd.com/comics/money_huge.png full image] can be downloaded here (it is a PNG of considerable size: 12528x8352 pixels).<br>
This is one of the comics that can be [http://store.xkcd.com/products/money-poster bought as a poster] on xkcd and the other link takes you there.


==Explanation==
{{incomplete|There is not much explanation of the individual items.}}
This is another [[:Category:Charts|chart]] comic - a type of comic that [[Randall]] does from time to time. He has for instance done [[Online Communities|maps of the Internet]] ([[Online Communities 2|twice]]!) and other huge visualizations like this chart [[Radiation]] with a similar structure as this chart but with Radiation as the subject. The Radiation chart is most likely the inspiration for this much more comprehensive Money chart.

In the chart there are five boxes with items on different scales of monetary value. Each scale of dollar increments are different colors. One dollar increments are green - naturally, because American paper money is green. Thousands are Orange/Red. Millions are gray. Billions are yellow. Trillions are blue. This comic uses {{w|Long and short scales|the short scale}} for naming large numbers (so a billion = 1000 millions = 10<sup>9</sup> rather than a million millions = 10<sup>12</sup> as in continental Europe).

Because the comic is so huge and complex the explanation has been split into several parts and also individual pages:
:Below are [[#Tables with explanations|five tables]] with explanation for some of the items.
:The [[#Transcript|transcript]] is (as is usually the case with huge comics) only given for the text that is visible on the picture shown here above.<br>
:However the '''[[980: Money/Transcript|full transcript]]''' for all the text in the [http://imgs.xkcd.com/comics/money_huge.png huge image] has also been completed.
:Finally some [[980: Money/Prices in tables|tables with prices]] has been made (although they are not yet complete).

In the Billions box there is a vague term called the "Economic Vortex" as well as arrows that flow between different blocks of this box. This is to show where the money goes. Where it is collected from, and where it is distributed to.

Included in one frame is a small man with a red and white striped shirt, blue pants, a cane and a knit cap. He is known as Wally or Waldo (in the US) from the {{w|Where's Wally?|Where's Waldo books}}. To not give anything away for those who wish to search for him themselves there will be no spoiler here. But if someone needs a little help... Then by clicking this [[980: Money/Transcript#Billions|link]] you will be directed to the relevant section amongst the five sections where Waldo can be found. (The link will take you to that section of the full transcript page). If you still cannot find him (or give up in advance) then just search the transcript page for Wally or Waldo.

The title text is a reference to the phrase "Show me the money!" which originates from the film ''{{w|Jerry Maguire}}''.

==Transcript==
:[This transcript is only reproducing text visible on the [http://www.xkcd.com/980/ front page comic].]
:[Title panel at the top left has one large heading, and then it is possible to read the first and third out of five lines (but not for instance the second line which is just the word "almost"):] 
:'''Money'''<br>
:A chart of<br>
:all of it<br>
:[Below this there are 5 large panels, each with a series of plots, comparing the values of various things. The only clearly visible text is the title of each panel written in white on black background at the top of each panel]<br>
:[The first section covers single coffees up to the hourly salaries of CEOs. It is located below the title panel and there are a lot of green groups marked by unreadable text.]
:'''Dollars''' 
:[The next section discusses values from around $1000 to $1,000,000, including a dissection of the song If I had $1000000. It is located directly below the Dollars section and has mainly orange groups (but also some gren) marked by unreadable text.]
:'''Thousands'''
:[The third section focuses on $1,000,000 to $1,000,000,000, with a large section on campaign contributions of American political presidential campaigns, values of expensive works of art, and J. K. Rowling. It is located to the right of the Thousands section below the Billions section and there are a lot of gray groups (but also some orange) marked by unreadable text.]
:'''Millions'''
:[The fourth section gets into larger scale finances, profits of various sectors, costs of natural disasters, and net worths of the richest people on the planet. Also, Donald Trump. It is located to the right of the Dollars section and above both the Millions and Trillions section and has mainly yellow groups (but also some gray and red) all marked by unreadable text. There are, however, a few large headings that can be read:]
:'''Billions'''
:Education
:The Economic (...?)
:US household income
:Federal budget
:[In the last panel global financial status is described. It discusses derivatives, liquid assets, public debt by nation and GDP by continent, culminating with the total economic production of the human race to date. It is located below the Billions section to the right of the Millions section and has mainly cyan groups (but also one yellow) all marked by unreadable text.]
:'''Trillions''' 
:['''For the full transcript of the [http://imgs.xkcd.com/comics/money_huge.png huge image] see [[980: Money/Transcript]].''']
==Trivia==
*XKCD comics are usually posted at, or around, midnight Eastern time the day of the comic (Monday, Wednesday, Friday). This one was posted at about noon on Monday
**The reason for this was that it was difficult to get it all finished in time, as was explained in the [[Blag]] post titled [http://blog.xkcd.com/2011/11/24/money-chart/ Money chart] released three days later.
**This post also states that this was the first big project he undertook after his [http://blog.xkcd.com/2011/06/30/family-illness/ fiancée was diagnosed] with breast [[:Category:Cancer|cancer]].
*Most of the amounts has a [http://xkcd.com/980/sources/ source at XKCDS]. In the dollars section there is an [[980: Money/Transcript#Important notes|important note]] that at every possible opportunity Randall used a scholarly work or government publication as a source.

==Tables with explanations==
===Dollars===
{| class="wikitable"
|+Dollars
|-
|Top-left
|The price of various common bills and commodities. The One Dollar Menu is a type of menu at various fast food restaurants.
|-
|Middle-left
|Pet Ownership. The {{w|ASPCA}} is the American Society for the Prevention of Cruelty to Animals.
|-
|Bottom-right
|Four boxes indicate that the CEO pay has skyrocketed from $490.31 (hourly) to $5,419.97 (hourly) in the same time period in which the average worker's salary has skyrocketed 10 cents.
|}

===Thousands===
{| class="wikitable"
|+Thousands
|-
|Top-right
|Hogwarts degree: a reference to {{w|Hogwarts|Hogwarts School of Witchcraft and Wizardy}} from the popular book series by {{w|J.K. Rowling}} about {{w|Harry Potter}}.
One box is the estimated yearly tuition for the school and the next is how much seven years at the school would cost. To get a degree at the school, it takes 7 years (starting at age 11, ending at age 18).
|-
|Bottom
|A reference to the song by {{w|Bare Naked Ladies}} entitled "{{w|If I Had $1000000}}" and all the things referenced in the song to buy the love of another person.
|-
|Bottom
|A few items on the marriage of {{w|Wedding of Prince William and Catherine Middleton|Kate Middleton and Prince William}}, the major royal wedding of 2011, including:
*a {{w|Wedding dress of Kate Middleton|wedding dress with its own Wikipedia page}} of 3 times the annual per capita income of the average UK person,
*an 8-tier [http://www.dailymail.co.uk/news/article-1381944/Royal-Wedding-cake-Kate-Middleton-requested-8-tiers-decorated-900-flowers.html wedding cake],
*and the flowers for the wedding. These re-appear in the Millions section of the graph, where they also list the costs for the security around the event ($20 million).
|}

===Millions===
{| class="wikitable"
|+Millions
|-
|Left
|Dr. Evil's ransom demands from the film "Austin Powers" corrected for inflation between 1969 and 1997.
|-
|Middle-right
|Another reference to JK Rowling, comparing her (actual $1 billion) net worth as an author with her (imagined $82,000) net worth as a rapper. 
The magnified 82 orange/red ($1,000) boxes are footnoted "Professional assessment by rapper/geek culture expert MC Frontalot."  {{w|MC Front-A-Lot}} is the creator of the subgenre of {{w|hip-hop}} known as {{w|Nerd Core}}.
|-
|Middle
|An [http://en.wikipedia.org/wiki/Lockheed_Martin_F-22_Raptor F-22 Raptor fighter jet] (valued at $154.5M) is compared to a Velociraptor ($1.9M in production costs for the film Jurassic Park)
|}

===Billions===
{| class="wikitable"
|+Billions
|-
|Top-Left ((Fictional)Billionaires section)
|{{w|Carlisle Cullen}} is from the {{w|Twilight (series)|Twilight Series}} of books and movies. He is a vampire and adoptive father of {{w|Edward Cullen|Edward}}, {{w|Emmett Cullen|Emmett}} and {{w|Alice Cullen (Twilight)|Alice Cullen}}, as well as {{w|Rosalie Hale|Rosalie}} and {{w|Jasper Hale}}. He was born in the 1640s and amassed his wealth through many years of compound interest and investments.
|{{w|Scrooge McDuck}} is a cartoon character from many {{w|Disney}} properties including the afternoon cartoon, {{w|Duck Tales}}. Scrooge McDuck has a "money bin" full of coins and other sorts of collectibles that he routinely [http://www.youtube.com/watch?v=CMU2NwaaXEA goes swimming in].
|{{w|Bruce Wayne}} is {{w|Batman}}. {{w|Batman}} is {{w|Bruce Wayne}}. He is portrayed in many comic books, graphic novels, TV shows and movies by many different actors.
|{{w|Artemis Fowl II|Artemis Fowl}} is an Irish child prodigy and a ruthless master criminal from the {{w|Artemis Fowl (series)|eponymous book series}}. He uses his intelligence to build his family fortune through crime.
|}

===Trillions===
{| class="wikitable"
|+Trillions
|-
|As Randall already indicated in the transcript, this is the block for world, continent and nation finances. The numbers are really huge. There are no jokes in here (apart from the fact that Randall tried to make the shapes of the GDP look like the continent), likely because financial values this large aren't funny to start with.
|-
|GDP is {{w|Gross domestic product}}, the market value of all goods and services produced in a nation.
*The major chart in the center shows the development of the GDP in the world since the 1940s. So far the US GDP has always grown, except for a small reduction in the early 1980s, a flat line around the 1991 global recession and a flat line in the second half of the naughts. The world-wide GDP is growing more rapidly, but is also much more volatile.
|-
|In the middle of the box, it shows the worth of all gold ever mined in 2011 prices. This is important because of the concept of the {{w|Gold standard}}, a concept where monetary values are linked to the value of gold. As indicated in the top-right of the box, both the EU and the USA have more debt than the total value of all gold in the world.
|-
|{{w|Derivative (finance)|Derivatives}} are a complex financial instrument where one is not trading in something tangible, but in derived values - like options. Derivatives thus are dangerous as one trades in concepts instead of values. Critics claim that derivatives are at the base of the 'economic bubble'.
*The growth of the derivatives market size is incredible - more than doubling every four years. The derivatives market thus is much larger than the GDP of the entire world.
*We get a reference to [http://landartgenerator.org/blagi/archives/127 a proposed project to power the world] by erecting massive solar farms out in the deserts. The area of Texas alone would be enough to match almost all of our modern power costs (though the people who live in Texas wouldn't enjoy being displaced).
|}


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