@@boboloon yeah :) bender was trying to steal robot oil from the mall but everything slipped out of his yellow sweater and the fine was 80 dollars and they had 79.50 or something like that
@@FreshInkling no he's right. With a growth of 2.25% over 1000 years $0.93 would leave him with $4,283,508,449.71 while $1 would leave him with $4,605,923,064.21
@@kalebbruwer Its also canonically not something that happened in Futurama 'lore', so really its confusing. Interest also doesn't work like how the show makes it look. Unless basically, the society was rebuilt, they kept a surviving banks accounts valid then rigidly fixed the money to a certain value, Fry would be even more poor after 1000 years.
@@kirishima638 Banks accrue interest on the money you have stored. In a world where you can freeze yourself and wake up 1000 years later, banks would have no choice but to operate this way.
@@himi6536 Well, they could legally close or freeze your account due to inactivity, it would likely get purged if it was assumed you had died, and you'd have no recourse if at any point your account information became compromised. Not to mention your bank card has to be renewed every few years and would become inactive within a decade, much less a millennium.
@@MrV902 A savings account cannot be closed due to inactivity alone. You have the right to let the interest accrue for as long as you want without touching it. If you were cryogenically frozen, they will know you didn't die. The plot of them not knowing with Fry was a plot device and would not happen in the real world. The account would be locked if you were cryogenically frozen so no one could spend the money even if they got access to the account. This is a pretty obvious solution to theft. That's why they would take something other than the card for identification purposes. This was, again, a plot device. I've never once needed ID to access my bank account. You also must've failed to see where I indicated I was talking hypothetically in the first place. EDIT: I indicate a savings account because a checking account can be legally locked if inactive and most banks don't offer interest on them anyway.
Inflation increased drastically in just the last 10 years. I feel when this episode came out, keeping cash in an account with interest meant something then 😂
@@militarian9759 It...hasn't though. Most countries aren't even able to hit their target inflation rates, no matter how much money has been pumped out.
@@mqfii8992 Well the world they live in was invaded by aliens, rebuilt from medieval times, invaded by aliens AGAIN, and then rebuilt to what you see now. So inflation prob reset a few times?
US target inflation 2%, he earned 2.4% a year if I heard correctly, so he is barely beating inflation but over the course of 1000 years I wouldn’t be surprised he still made a sizeable amount of money adjusted for inflation.
@@yannsylvester3680 I checked and unless I've made an enormous error, he would end up with around 50$ (of the original value). Not as much as you'd think
I would have probably punched myself in the face with force to see if I wasn't dreaming. From having almost a single dollar to being a full-blown billionaire the majority of people will probably pass out
Me, as the question is still open about how much inflation happened and what that amount of money is actually worth as in: what are the prices of stuff I would want to buy from it?
@@bfg3890 Fry has been frozen for 1000 years it’s likely assumed that there’s a different and more ingenious way of accessing one’s bank account via say an implanted chip, or in this case a retinal scan, as opposed to a piece of plastic that a debit card is made out of.
@@santiagosanchez4836 Duh, exactly, so why would they keep a machine laying around the bank that's only good for a piece of technology that would have been obsolete centuries ago. At best you might find one in a museum. Only a fool would find a massive logic inconsistency like that impressive.
Some people are treating old Simpsons and Futurama like they're so intelligent and cunning, like how people treated Rick and Morty. I don't know how the heck that impressed you. And on a seperate note, I'm not sure how people consider decent jokes to be so all-time great.
Let me get this straight: You comment something that is unrelated to the fact that I have two HEAVENLY HANDSOME girlfriends? Considering that I am the unprettiest TH-camr ever, having two handsome girlfriends is really incredible. Yet you did not mention that at all. I am quite disappointed, dear col
@@cbolty nobody saying your name as they typed col not colt. Also, by replying you also "said" their name and you dont even know them you fnking wierdo.
@@quantumblitz what would be the point in playing gta 5 at that point in time? The game is pretty boring when you realize almost everything new is just something that was already in the game before in some way. It would just have updated graphics rather than updated gameplay, assuming Rockstar still decided to never release another gta game cause of gta 5s success. Assuming the level of what a game could reach that far in the future, GTA 6 which will probably take 1000 years to release at this rate anyways, it'd probably be a fully generated world, where the cities were actually to scale of what they are irl, and every building was a place you could go into, and all the different shops were interactable and had hundreds of thousands of different things to do.
Fry can't possibly be the first or the last person from the past to have come into this bank. Cryogenics was huge right around Fry's time, so it's likely that he's not even the first person from his decade to come into the bank with an ATM card after all that time.
@@michalm2279 Yeah dude, not gonna lie... You sound like a typical 12 year old, I just point out you're sorta being ya know... obnoxious and you go straight to insults. People only insult when their argument is baseless
@@michalm2279 yeah, unlike you, being compared to a five year old is pretty insulting, but I guess it's not as big of a difference for you so I could understand you not really caring
You really appreciate the power of compound interest (and how quickly exponential functions grow) when you realise that over 1,000 years, Fry amassed $4.3B, but over only 100 years, it would've been just $8.60.
Yeah under the rules of inflation after a thousand years that 4.3 billion is probably worth a couple bucks in today money. And since they don’t say that they themselves adjust for inflation it’s safe to say frys account is worthless.
@@bordergore7623, yeah, all you need do is assume a rate of inflation and work out what follows. Recall that Fry's interest rate is 2.25%/yr, then: If, for example, we assume inflation is 2%/yr over that 1000 year period, then the "real" interest rate (interest on purchasing power), since 1.0225/1.02 ≈ 1.00245, is approx. 0.245%/yr. Thus, over 1000 years, that $0.93 of purchasing power becomes ~$10.76 of purchasing power in today's terms. If we instead assume inflation averages 3%/yr, then since 1.0225/1.03 ≈ 0.99272, the real interest is approx. -0.728%/yr. Thus, over 1000 years, $0.93 purchasing power becomes ~0.06¢ in today's terms, indeed worthless.
A friend of mine opened a bank account for her godchild 18 years ago and added 10 bugs each month. The interest rate was really long term and got higher every year with the different rates being part of the contract. The last interest rate was higher than a bank credit would have been. So I can imagine Fry opening his account in the 90s he might have gotten a similar fixed rate the bank couldn't just change.
I always wondered why the tellers reaction was so chill. If I just witnessed a thousand year old account get claimed with billions of dollars I'd be in shock too.
Actually according to most theorist (because it wasn't explicitly said in the show but implied) the world of futurama is a world of over saturation. All the resources are abundant. Cure to literally almost every disease is found and life expectancy is so high that most people had to use suicide booths to die as they couldn't wait for their own lives to end naturally. So in a society like that the divide between rich and poor would be nonexistent. That's why money would use its value and so would the banks. Basically when everyone is rich no one is.
It's 2.25 but yeah. IIRC the credit union I bank with has a program where kids can have a bank account (with parental consent and control obv) where the interest you get was (at least from when my account was made to when I turned 18) 7%, although I think the fine print states that you can only get that 7% on up to $1,000 in your savings account, although your college savings account (locked from withdrawals unless it's the parent making said withdrawal until you turn 18, at which point the balance is put in your main savings account) gets that 7% regardless of the amount until you turn 18, then it reverts to the shitty interest rate adults get, which is I think somewhere between 1% & 2%, though it may be lower
Also even if your parent wants to make a withdrawal from your college savings account they get charged like a 10% fee on the amount they withdraw as an incentive to not withdraw anything and instead save up for college tuition which is expensive af
I went a step further (but not sure if it's 100% accurate) -- took the inflation data from 1923 - 2023, and extrapolated it out 1000 years. Fry's 4.3 billion dollars is the equivalent of $25,000 in today's money. Not bad for 1000 years of interest, but... imagine a slice of pizza O_O
The Simpsons/Futurama writing team is notoriously smart, with several Math & Physics majors. There is a book about "The Simpson and their mathematical secrets" that covers some of the actual high level math dropped into the shows.
@@GamingPenguin3838 It wasn't either of them, actually. It was George Herbert who first said something along those lines; Ben Franklin just popularized it.
$4,283,508,449.70 This is the exact amount, if you start with .93¢ with no additional deposits at an annual compounded interest of 2.25% for 1,000 years.
If I froze myself right now for 1,000 years I would have roughly...let’s see here. $272,003,339,808,591.75 Now I bring this to a person who can freeze me and say “Let me do it and I’ll give you an I.O.U and when I wake up I’ll play you the $10 million I owe you.
@@punkm0nk3y2 A question only the people with self control know how to answer. Fry is not one of them. As for the shares, that wasn't spending, that was bringing the worth down to nothing.
When I first saw this, I was honestly surprised that after Fry fainted, Amy or Lella didn’t make a joke about how a thousand years of inflation made 4.3 billion dollars the equivalent of 93 cents in 1999.
Actually, if inflation averages around 2%, and his interest rate averaged 2.25%, then the amount of money he had would be 1.0225^1000 times what he put in, and each dollar would be worth 1.02^1000 times less, which means what he had would be worth $0.93 * (1.0225/1.02)^1000 ≈ $10.75.
Interest rate is slightly below inflation (that's one way banks make money). 4.3B would be less than 93 cents in terms of buying power in 1000 years, you couldn't even buy one cup of coffee.
I really appreciate how Fry's reaction feels actually subtle and genuine, like how somebody would really act in this situation, and not just him shouting something like, "Holy Cow!" or "No Freaking Way!"
I admit if I found out I had a couple billion in the bank I don’t think I would be able to function for the rest of the day…. Maybe the rest of the week
Actually, I would probably have a massive fucking heart attack. Both at that and the ungodly amount of income tax you'd owe after A THOUSAND FUCKING YEARS.
True. Why does she need to calculate it though? Isn't the balance actually recorded somewhere? Inflation would severely diminish his buying power though.
Honestly? I'd probably just be like..."hm. Alright 🤷♀️ Nice." And that would be about it. I have everything I need already so it wouldn't make much of a difference other than ensured stability and the ability to be ultracharitable. I guess I just take things in stride these days.
Speaking of which, due to inflation, 4.3 billion by then would be like 4.3 million now, (im assuming) which would still be a lot, but not like a billion nowadays.
The fact that his account wasn't closed a long time ago makes me believe that the company that had him in cryo sleep would have to have to make a record of their "patients" at some point, and would have to assert that he is legally not dead. It's too silly not to think about.
The writers of Futurama did have three PhDs, seven master's degrees, and over 50 collective years at Harvard University, I'd be more surprised if they got it wrong.
I love how it completely forgets that civilization was destroyed twice while he was in cryostasis, so his savings would be completely gone since the bank is gone. Also, was the cryostasis building just worshiped as a temple to the gods when they rebuilt in the middle age style?
could be possible, from $10 to 4.3 billion. imagine that amount in cryptocurrency that has tokenomics feature during that duration period 👍😊 (not financial advice)
@@larskarlpetersen9541 Someone with Fry's funding, in the US, probably wouldn't get a bank account with even an entire percent interest. It depends on the bank, but a lot of people have savings accounts where keeping upwards of $1000 yields mere cents in interest.
Headcanon: everybody decided the US dollar wouldn’t inflate so people wouldn’t nitpick this scene. Edit: apparently everyone completely missed the point of the comment, so thanks for that guys
@@Guntherson220 i was thinking the same thing, there's an episode where they mention global warming being canceled out by nuclear winter (a stupid joke i know) which implies many things happened resulting in the year 3000 being closer to 2000
What's really sad is that enough inflation has taken place since the start of this show that all the prices in the show seem cheap. But if they were serious and took inflation into account for the show, every scene involving money would have been extremely confusing so I understand why they didn't.
Just did the math, and they are right. $4.283 Billion to be precise. I love how this glosses over the fact that there were nuclear wars, revolutions and other upheavals. So the currency would most likely not be the same, nor would that particular bank survive. But that's baked into the humor.
Yeah, while he was frozen there´s two alien invasions and society goes throug medieval times again, but I guess they kept the banking system and currency :D
How to be rich 1. Have $10000 2. place the cash in in a savings account with a compound interest of 2.5% 3. Sit in a chair and drink beer 4. Fall and get stuck in a cryogenic chamber for 1000 yrs 5. Profit!!!
It’s only a profit of inflation on average is lower than your interest rate, or you take your money back in time with you... but then future cash won’t be accepted as currency so you’d be fucked.
It's still pretty bad. If this worked, inflation would make everyone infinitely rich. Those billions of dlllars arr probably only worth a few cents MAX.
And they gave you this service with an initial balance of 93 cents. That's the most unrealistic part of this. At that balance, it's a liability for them to keep an account for you, and you won't meet minimum balance requirements to get that apy.
He probably opened the account before it was even in the "modern computer system". I have a life insurance policy that my parents bought for me when I was a baby and when I tried to move it online as an adult, its so old, they can't migrate it into the new system. So I send my yearly check and they give me an update on it.
1. It's a fucking cartoon about a fictional future. 2. Civilization was erased twice in those thousands of years. 3. You're accounting for USD, not whatever global currency they use in the show.
You’re all wrong. The most impressive part of this is that 1000 years in the future there are still humans working in banks rather than on the internet.
You should really learn that inflation kills everything. Haven't you worked around older guys who reminisce how a packet of cigarettes used to cost 75 cents?
This is even more impressive considering we have seen in flashbacks shortly after he gets frozen alien ships destroy everything get rebuilt destroyed again and rebuilt again
@@noahhughes2501 Yes, the server farms existed then and were already powering automated debit and credit card processing at that point. So it is plausible the account information continued to exist, at least if it wasn't for certain pesky inheritance and unclaimed asset laws getting in the way.
@@austinblackburn8095 i just checked and of all the ones you listed the highest is still only 1% and they say on their site that its variable, 2.25% does not exist lol the highest is 1.05% from citibank
@@tylerdavis8239 Yeah thats right now during the pandemic where interest rates where lowered to 0% by the federal reserve 3 to 4 months ago they where all over 2 percent and besides it was talking about average interest rates in the show and if you know anything about interest rates on savings accounts they are strongly tied to the interest rate.
@@austinblackburn8095 Which is still bullshit. By the time you factor the 3-4% inflation. You still lose money on that while the bank uses it to collect interest on loans. Its still a bad deal
Yeah that's becuse they've seen the show and know that your statement is full of shit. Or more accurately the show pretends that inflation wasn't 2,25 percent a year for the last thousand years.
@@jorenvanderark3567 I think that the society-collapsing events that happened while fry was frozen likely reset the economy, so by the time fry thaws out the value of the dollar roughly corresponds to its value in 1999.
@@LucasFernandez-fk8se Or more accurately the show pretend that inflation wasn't a thing for the last 1.000 years. Dude, you're talking about a show and instead of using show lore for your arguments you use real life phenomena. That only works when you talk about a scenario in real life. The inflation average between 1900 and 2020 was 2,93% so that 93 cents would be worth less than it is today.
@@jorenvanderark3567 In the show, the American economy has likely reset several times, given that multiple major city centers have been nuked in the past thousand years. There's a reason we're not all dealing with shillings and pieces-of-eight in real life - currency changes over time. Inflation isn't a constant, it depends on the economy of the place it's in, its rate of growth, etc. If New York got nuked (which it did in the show) that would be a serious blow to the US economy, which would raise the value of the dollar considerably over time. Given the events that happened between 1999 and the year 3000 in the show, the dollar would probably have roughly the same value as it did in 1999.
I bought one whole bitcoin for $20 near the beginning and support emailed me several times and said that I was required to trade or sell it and not just sit on it and wait for it to gain value because everyone was doing that which I never heard of and they kept talking about TOS violations and fees and fines. I was going to owe a lot of money for some reason. I was dumb young and scared so I sold it to someone, not the person who spoke via email got back my $20 and later in the news, they said many people were scammed out of their money this way and it had climbed into thousands of dollars in value. It was weird because I knew in my gut that despite not knowing crap about investing that this stock was worth getting and keeping that it would be worth a lot more someday based on what I read, how people feared it and liked it and just a sense. Anyways. I don't promote gut gambling but I'm ok. Took ma while to get over that one.
Realistic plot twist: -And how much does a chesseburger cost nowadays? -Well the inflation was pretty bad over a thousand years. Today's cheeseburger costs 4.5 billion dollars.
Dalton Bartz False. In 2019 it was 1.81%, 2018 it was 2.44%, 2017 is was 2.14%, 2016 it was 1.26%, 2015 it was 0.12%, 2014 it was 1.62%, 2013 it was 1.47%, 2012 it was 2.07%, 2011 it was 3.14%, and in 2010, it was 1.64%. So for the last decade, it has hovered around just slightly over 2%. So if that trend continues, (and it very well may) 2% is a reasonable figure to use.
@@knifedance2402 Well yes, that's from this decade and I'm pretty happy with that rate, but that is a fairly limited pool of information (one decade) for a country that's been around hundreds of years. In June of 1920 we had record high inflation at 23.7%. While only a year later we had a record low of a staggering -15.8%. By decade, the 60's saw an average increase of 2.32%, while the 70's saw an increase of 7.06%. That being said, most researchers and investors I know of that when it comes to most things (economy especially) a small picture is inconclusive, while a wider picture provides a better understand of what the future might hold. So from 1914 to 2020 the average rate of inflation in the US is 3.24% annually, and based off of historical evidence the coming decade could reasonably spike up to an average of 7-8%, or drop as low as -1%, but the 100+ year average would still stay roughly the same. Based off of that, I would say 3.24%, with a margin of error for something like 0.25% would be a better way of calculating hypothetical inflation for the next 1000 years with the information we currently have
Ok what im more impressed that his account existed for a thousand years. And if you remember, his freezing sequence has stuff happening in the background, including multiple civilisation wiping events and middle ages 2. Despite all of that 1) the building he was in wasnt affected at all and 2) his account still exists. I know its cartoon logic but still.
Actually you’re supposed to use the monthly compounding formula, or A=P(1+r/n)^nt Where P is the initial sum (.93) r is the interest rate (.0225) n is monthly compounding (so 12) And t is the number of years (1,000) (.93)(1+(0.0225/12))^(12)(1,000)=$5.382B
@@dodecahedron1 Snopes says it is undetermined if he actually said it, with the first mention being in 1983, and Einstein having died in 1955. It does sound like something he'd say, but I think several others have had the quote attributed to them as well, which makes me skeptical.
@@Excalibur2 Snopes is run by 2 strippers and their sugar daddy, I'd take anything they say with the smallest pinch of salt that the universe could conceive
Not to mention inflation. Imagine how much a dollar was worth just 100 years ago. Many people don't realize the purchasing power of money keeps going down every year.
You'd think. But after 1000 years they've probably gone through financial crises after financial crisis. Think of Germany in world war II, they had such rampant inflation that several trillion marks couldn't buy you a loaf of bread. But now German Franks are worth almost the equivalent of an American dollar if not a little bit more. Inflation isn't constant, and money fluctuates in price all the time especially in a world with money not based on commodities
@@elcactusdelamuerte506 fair point, cool fact that I didn't know. But my point is that money's price fluctuates and inflation is by no means an exponential problem. It can recover with time
@@brenndanmcdonaugh1672 you used Germany as an example of currency recovering despite not knowing what currency they used? They had to abandon the mark for the euro because it was that screwed up and had to adopt a currency not even set up in their nation, given they had 5 currencies prior to this since the end of WW2 that failed (they all had mark in the name and colloquialisms meant they were typically called the mark in conversation, but the Reichsmark they started WW2 with isn’t the same as the Deutsche Mark which they abandoned for the euro in ‘99) The currency didn’t recover they abandoned it had to make 5 new currencies, and eventually adopted an outside currency. It’s an example of a nations economy recovering, but not an example of a currency recovering it’s quite literally the opposite of that
@@elcactusdelamuerte506 you're focusing on the semantics of the argument considering what currency they used (however Interesting it is) The point is that an economy on the brink of destitution recovered due to currency reform. I'll accept that it was due to outside influences. But there are ways to combat rampant inflation and an economy as developed as Americas will have a hard time reaching hyper-inflation when spending is as scrutinized as it is (excepting military spending of course, which could reduce due the war "ending")
No matter how many times I watch this episode, my jaw drops completely to the ground every single time she says $4.3 billion!! I mean, come on, that’s un-freaking believable!!!
For all we know they could have made inflation factoring illegal punishable by death in all countries because the poor got so sick of inflation being factored they threatened world wide rebellion over it.
@@azrieljale the world was canonically token over by aliens twice and had a nuclear winter that was cancelled out by global warming. I think inflation trends have maybe changed in 1000 years
@@thrippjck1669 You can still get the money tho... Cash them out and travel back into time ( if the dollar bills are the same) or buy a technology that, If brought back, Is worth billions
@@vaisnow or go to like the 1800's and get a $1 bill then go to modern day (or the future is the US still exists) and sell to a collector for hundreds of $s Edit: i googled it and wow www.ebay.co.uk/sch/i.html?_from=R40&_nkw=%241+1862&_sacat=0&LH_TitleDesc=0&LH_PrefLoc=2&_sadis=15&LH_Complete=1&LH_Sold=1&_stpos=SM14PJ&_sop=16
The problem is in real life they would take all your money for "maintenance" or "service" fees for being inactive with no deposits or withdrawals after awhile, lol.
happened to me. banked with NatWest for 30yrs. gave me notice to close an acc after 8yrs of being inactive. I objected and it stayed open - for 1year! then they closed it ignoring the 15yrs period in their own rules. still had £138 in it. staying abroad I didn't react immediately. Brexit made me try again. NatWest pulled up a lot of red tape. IDs, embassies, notary, trusted translaters. Contacted the Financial Ombudsman and we came to an arrangement. then NatWest acted as if nothing had changed. if you deal with them you'd think your letters get answered by robots, not humans. totally inflexible and dead to any details. it is probably a robot who answers you.
Not at all, most of banks today offer you free accounts. I have two accounts, one is in foreign currency and maintenance is $0.7 a month, and the other is actually free, so if I decide to close the foreing currency account, I will not pay a cent to the bank.
I love how his expectations are so low that he gets pumped at just the 93 cents.
th-cam.com/video/sHQVk1TbZk8/w-d-xo.html
It's because he only needed 50 cents to bail bender out of jail
@@tsRR09 Really? I guess that justifies that reaction.
@@boboloon yeah :) bender was trying to steal robot oil from the mall but everything slipped out of his yellow sweater and the fine was 80 dollars and they had 79.50 or something like that
Like most Americans 🤣
and to think, he'd have an extra 300 million dollars if he had a whole dollar instead
Billion you mean
@@FreshInkling no he's right. With a growth of 2.25% over 1000 years $0.93 would leave him with $4,283,508,449.71 while $1 would leave him with $4,605,923,064.21
@@yatokami1783 I thought it would be more
@@FreshInkling Well the difference between a dollar and 93 cents is only 7 cents so it wouldn't double or anything.
Small TrashMan maybe he thought 0.93+1 instead of it going from 0.93 to 1
They kept an account with a balance of 93 cents and no withdrawals or deposits open for 1000 years. Now that's service.
They even kept the old technogly in case he would come back or others like him.
I would trust money to this bank!
10/10 would bank there agen
Surprised the bank didn’t charge him a billion dollars for “security and maintenance”.
Better than my bank
Bastards took 10 years worth of intrest after declairing it "inactive" and taking it as payment
Which adjusted for inflation, comes to about 74c
Wrong. It's the other way.
Which also comes out to the temperature of the oceans
@@LaplacianFourier
Is it now? Drink your coffee bud.
@@LaplacianFourier found the Biden voter
@@LaplacianFourier Dude if I have a dollar today in my pocket and it buys a loaf of bread, that same dollar won't buy a loaf of bread in 10 years.
So his bank is so stable they managed to stay in business for a thousand years? That's pretty impressive
The government doesn't let them go under anymore. They were probably bailed out at least a few hundred times.
@@BenjaminMankowski So the government is so stable they managed to stay standing for a thousand years? That's pretty impressive
@@kalebbruwer Its also canonically not something that happened in Futurama 'lore', so really its confusing.
Interest also doesn't work like how the show makes it look. Unless basically, the society was rebuilt, they kept a surviving banks accounts valid then rigidly fixed the money to a certain value, Fry would be even more poor after 1000 years.
There are some private banks in europe that've been in business for almost 500 years now.
@@boogaloobomber9889 500 more to go before a random serf discovers his 3 grams of wheat have become 4.8 billion euros.
That is the most accurate reaction to learning you have 4.3 billion dollars
Know from experience do ya? :')
Vorpal_Slade I wish
That was my reaction when I learned I have 4000. ( ._.)
Idk man inflation is around 2.25% so that 4.3 billion worth about 93 cents in today's money
😂6000 years ago 4.3 billion dollars is worth nothing
My teachers were correct. Even a couple pennies in a savings account can make a lot of money. In 1000 years.
Except banks don't really work this way.
@@kirishima638 Banks accrue interest on the money you have stored. In a world where you can freeze yourself and wake up 1000 years later, banks would have no choice but to operate this way.
@@himi6536 Well, they could legally close or freeze your account due to inactivity, it would likely get purged if it was assumed you had died, and you'd have no recourse if at any point your account information became compromised.
Not to mention your bank card has to be renewed every few years and would become inactive within a decade, much less a millennium.
@@MrV902 A savings account cannot be closed due to inactivity alone. You have the right to let the interest accrue for as long as you want without touching it.
If you were cryogenically frozen, they will know you didn't die. The plot of them not knowing with Fry was a plot device and would not happen in the real world.
The account would be locked if you were cryogenically frozen so no one could spend the money even if they got access to the account. This is a pretty obvious solution to theft.
That's why they would take something other than the card for identification purposes. This was, again, a plot device. I've never once needed ID to access my bank account.
You also must've failed to see where I indicated I was talking hypothetically in the first place.
EDIT: I indicate a savings account because a checking account can be legally locked if inactive and most banks don't offer interest on them anyway.
SSP AMV yup now O know what to do with my spare change now.
The most impressive thing about this is the complete and total lack of inflation.
The 2.25% in a completely normal (he had less than a dollar in it) savings account made me chuckle a little bit as well.
What if the 4.3 is accounting for inflation though and over time the government keep removing currency to deflate it.
if inflation stays at the government target of 2% then he will be making 0.25% interest annually
Inflation increased drastically in just the last 10 years. I feel when this episode came out, keeping cash in an account with interest meant something then 😂
@@militarian9759 It...hasn't though. Most countries aren't even able to hit their target inflation rates, no matter how much money has been pumped out.
The fact that she read out his billions like it was nothing is what gets me.
Inflation Is a bitch, I wouldn't be surprised if In 1000 years billions are worth what would be some thousand dollars of nowadays.
If they use the same currency in a thousand years, 4.3 billion would probably not worth much
@@mqfii8992 Well the world they live in was invaded by aliens, rebuilt from medieval times, invaded by aliens AGAIN, and then rebuilt to what you see now. So inflation prob reset a few times?
US target inflation 2%, he earned 2.4% a year if I heard correctly, so he is barely beating inflation but over the course of 1000 years I wouldn’t be surprised he still made a sizeable amount of money adjusted for inflation.
@@yannsylvester3680 I checked and unless I've made an enormous error, he would end up with around 50$ (of the original value). Not as much as you'd think
Let’s be honest, who wouldn’t react like fry did
I would have probably punched myself in the face with force to see if I wasn't dreaming.
From having almost a single dollar to being a full-blown billionaire the majority of people will probably pass out
Me, as the question is still open about how much inflation happened and what that amount of money is actually worth as in: what are the prices of stuff I would want to buy from it?
I'd probably grin a little.
@@CDPW and then start frothing
I'd react that way to just 10 million. With even 1% interest, I'd never have to work again.
He was thinking about all the cups of coffee he could buy.
1,400,000,000 cups
Cody Green be like:
Oh yeah. It’s big brain time.
Cody Green is that right? You did the math lol
Cody Green what kind of being would he become then?
Anchovies*
This was a great scene the fact that she even pulled out the old school card reader impressed the hell out of me
Why
@@bfg3890 Fry has been frozen for 1000 years it’s likely assumed that there’s a different and more ingenious way of accessing one’s bank account via say an implanted chip, or in this case a retinal scan, as opposed to a piece of plastic that a debit card is made out of.
@@santiagosanchez4836 Duh, exactly, so why would they keep a machine laying around the bank that's only good for a piece of technology that would have been obsolete centuries ago. At best you might find one in a museum. Only a fool would find a massive logic inconsistency like that impressive.
Some people are treating old Simpsons and Futurama like they're so intelligent and cunning, like how people treated Rick and Morty.
I don't know how the heck that impressed you. And on a seperate note, I'm not sure how people consider decent jokes to be so all-time great.
@@bfg3890 it’s Funny !
You guys care way too much lmao
Imagine if he was in debt before getting in the chamber. Just imagine.
Same scene. Just with a negative before the balance
College debt really does fuck you over
Yikes
I just imagined it..now what?
Same scene? Like it's equal??? I guess not...
The reason why he was so happy with having 93 cents is because he needed 50 cents to get Bender out of jail.
Let me get this straight: You comment something that is unrelated to the fact that I have two HEAVENLY HANDSOME girlfriends? Considering that I am the unprettiest TH-camr ever, having two handsome girlfriends is really incredible. Yet you did not mention that at all. I am quite disappointed, dear col
@@AxxLAfriku dude I commented this 9 months ago. And I don’t even know you don’t say my name you fncking weirdo
@@cbolty nobody saying your name as they typed col not colt. Also, by replying you also "said" their name and you dont even know them you fnking wierdo.
@@Elipson52008 dude you commented this earlier today and I’m just blown away you still responded to hkm
@@AxxLAfriku you use "handsome" for men idiot
Not sure what’s more unrealistic. The bank keeping that account open, or a 2.5 percent interest rate.
Or the fact that there was apparantly no inflation over the 1000 years...
@@frederickthegreat1352 Yeah imagine how much a PS200 or Xbox Xtreme X-Factor (or Triple X for short) costs in the year 3000?
@@omegadrive9999imagine the graphics GTA V would have on that bad boi 🤤
@@quantumblitz what would be the point in playing gta 5 at that point in time? The game is pretty boring when you realize almost everything new is just something that was already in the game before in some way. It would just have updated graphics rather than updated gameplay, assuming Rockstar still decided to never release another gta game cause of gta 5s success.
Assuming the level of what a game could reach that far in the future, GTA 6 which will probably take 1000 years to release at this rate anyways, it'd probably be a fully generated world, where the cities were actually to scale of what they are irl, and every building was a place you could go into, and all the different shops were interactable and had hundreds of thousands of different things to do.
@@CyberAesthetic the joke is that gta 5 has been in 3 playstation generations by now lol
The most unbelievable thing here is that she has the card swiper after a thousand years of it being outdated and also knows how it works.
Or the fact that his account has been inactive for over a thousand years without being shut down
Fry can't possibly be the first or the last person from the past to have come into this bank. Cryogenics was huge right around Fry's time, so it's likely that he's not even the first person from his decade to come into the bank with an ATM card after all that time.
That indeed makes a lot of sense
You guys do know it's animation right !.
@@wallybazoum and why does that preclude theorizing and thinking critically about the facts and way of that world? Go away.
i can already hear all the economists getting their calculators out
AHAHAHAHA this is what I actually did!
Yeah I did haha.
$4,283,508,449.72
=0.93*1.0225^1000
That figure is actually accurate
I got 40 dollars pls help my maths
Rich people be like: “it’s easy to get rich!”
Then they’re like, “just freeze yourself for a 1000 years overtime.
Evi1M4chine oh good Idea I already have the slaves
@Evi1M4chine ah yes,monopoly
Create a problem, sell a solution
Pull an Edison, patent other people's ideas before them and (threaten to) ruin their lives if they try to sue you
Imagine Bill Gates freezing himself for 1000 years and then waking up with that much money
I like how she constantly keeps a working magnetic strip reader at her workstation for cards that expired a thousand years ago...just in case.
Well, people have been freezing themselves for the future since 2000, so maybe that has something to do with it...
HunterShows better to have it and not need it then to need it and not have it
HunterShows i like how the magnetic strip on his thousand year old debit card still works
coprographia well he was flash frozen, a thousand years in suspended animation was but a second from his perspective
Jagar Tharn we use them all the time at my job
I feel his response was proportionate to the situation, for once.
The most unrealistic part of this video is the 2.5% average interest over a thousand years.
He lucked out that the bank still existed at all... especially since the attack of the grave robbing space mushrooms -- Uh, well you know the rest.
2.25%
@@michalm2279 That moment when you take a small mistake as an actual basis for someones intelligence
@@michalm2279 Yeah dude, not gonna lie... You sound like a typical 12 year old, I just point out you're sorta being ya know... obnoxious and you go straight to insults. People only insult when their argument is baseless
@@michalm2279 yeah, unlike you, being compared to a five year old is pretty insulting, but I guess it's not as big of a difference for you so I could understand you not really caring
You really appreciate the power of compound interest (and how quickly exponential functions grow) when you realise that over 1,000 years, Fry amassed $4.3B, but over only 100 years, it would've been just $8.60.
Inflation tho
Yeah under the rules of inflation after a thousand years that 4.3 billion is probably worth a couple bucks in today money. And since they don’t say that they themselves adjust for inflation it’s safe to say frys account is worthless.
@@bordergore7623, yeah, all you need do is assume a rate of inflation and work out what follows.
Recall that Fry's interest rate is 2.25%/yr, then:
If, for example, we assume inflation is 2%/yr over that 1000 year period, then the "real" interest rate (interest on purchasing power), since 1.0225/1.02 ≈ 1.00245, is approx. 0.245%/yr. Thus, over 1000 years, that $0.93 of purchasing power becomes ~$10.76 of purchasing power in today's terms.
If we instead assume inflation averages 3%/yr, then since 1.0225/1.03 ≈ 0.99272, the real interest is approx. -0.728%/yr. Thus, over 1000 years, $0.93 purchasing power becomes ~0.06¢ in today's terms, indeed worthless.
@@flexican5399
Well, apparently inflation kinda stopped there. Which is pretty neat.
Nice
The real joke is the interest rate being that high.
What episode is this
Bruh look at the title hope you ain’t joking
Scott I’m not joking I must be just blind
he was a loyal long time customer tho!
Wait really?
A friend of mine opened a bank account for her godchild 18 years ago and added 10 bugs each month. The interest rate was really long term and got higher every year with the different rates being part of the contract. The last interest rate was higher than a bank credit would have been. So I can imagine Fry opening his account in the 90s he might have gotten a similar fixed rate the bank couldn't just change.
How many bugs has she got now?
@@kmdewhurst Enough for a Stephen King horror franchise.
I’m depositing all the bugs I find they’ll take them! Ya just gotta roll em up first
10 bugs over 18 years?! you have Bug Nation by now. That kid is probably King Emperor of Bugland!
Yeah, 2.25% APY is incredibly good for a checking account. Nowadays I can't seem to find any higher than maybe 1.5%.
I always wondered why the tellers reaction was so chill. If I just witnessed a thousand year old account get claimed with billions of dollars I'd be in shock too.
Considering we have Nixon's head In a jar, I guess that millenial accounts aren't that uncommon.
Also given the fact they still have a scanner for his card, even though it seems hardly ever used, I’d say it happens, just not very often.
Thats because you haven't considered a 1000 years of inflation.
@@etischofer there is no inflation in Futurama.
not, if a cup of coffee cost 1mil
The Bank would find ANY reason to deny cashing that account out though.
Future banos are for people
@@debreczeniarpad9956 this is my favorite typo
Actually according to most theorist (because it wasn't explicitly said in the show but implied) the world of futurama is a world of over saturation. All the resources are abundant. Cure to literally almost every disease is found and life expectancy is so high that most people had to use suicide booths to die as they couldn't wait for their own lives to end naturally. So in a society like that the divide between rich and poor would be nonexistent. That's why money would use its value and so would the banks. Basically when everyone is rich no one is.
Except 4.3 billion dollars probably wont be enough to buy you a cup of coffee 1000 years in the future.
@@jedipenguin2641 wrong
The most unbelievable part of this is the 2.25% interest.
Not really lol I have a bank account from 12yrs ago before the 08 financial crisis with 2% interest lol so not totally unrealistic
It's 2.25 but yeah. IIRC the credit union I bank with has a program where kids can have a bank account (with parental consent and control obv) where the interest you get was (at least from when my account was made to when I turned 18) 7%, although I think the fine print states that you can only get that 7% on up to $1,000 in your savings account, although your college savings account (locked from withdrawals unless it's the parent making said withdrawal until you turn 18, at which point the balance is put in your main savings account) gets that 7% regardless of the amount until you turn 18, then it reverts to the shitty interest rate adults get, which is I think somewhere between 1% & 2%, though it may be lower
Also even if your parent wants to make a withdrawal from your college savings account they get charged like a 10% fee on the amount they withdraw as an incentive to not withdraw anything and instead save up for college tuition which is expensive af
@@bluehornet197 I have 2.25% on mine . . but my bank is local and family owned, which has its own downsides
Just come Myanmar and get 5% interest rate. Every deposit 10$> is subjected to get 5%.
I actually used a financial calculator to see how accurate this was and it was correct. Kudos to the writers for being as accurate as they could.
Why you need a financial calculator, just calculate .93 x 1.0225^1000
Same lol! I typed in my TVM details and burst out laughing ahaha.
I went a step further (but not sure if it's 100% accurate) -- took the inflation data from 1923 - 2023, and extrapolated it out 1000 years. Fry's 4.3 billion dollars is the equivalent of $25,000 in today's money. Not bad for 1000 years of interest, but... imagine a slice of pizza O_O
The Simpsons/Futurama writing team is notoriously smart, with several Math & Physics majors.
There is a book about "The Simpson and their mathematical secrets" that covers some of the actual high level math dropped into the shows.
The writers just love flexing their math degrees.
In the words of Benjamin Franklin: “A penny saved is a penny earned.”
That was lincoln
@@GamingPenguin3838 It wasn't either of them, actually. It was George Herbert who first said something along those lines; Ben Franklin just popularized it.
Yeah, but it's still just a penny.
That’s a lot of pennies😂😂😂
@@GamingPenguin3838 🤣🤣🤣🤣
Teller: "Okay, you had a balance of 93 cents.
Fry: Alright. 😎"
How I feel after all of my check is gone.
At least I'm not overdraft and being charged $5000
"you have a balance of 93 cents"
"But that's after the rent went though?"
"Yes."
😎
day after all my bills lol
"Now offering bank-by-brain."
I'd be too scared to use that in case hackers drained my mind.
Good news everyone! They wouldn't get away with much
@@nuhuh4564
Why u gotta throw shade like that random strangers online?
Don’t forget the colonic map. Yikes.
God damn, Ben
Wear a tinfoil hat.
Dude Fry’s reaction is so realistic. I’d freak out if I found out I had that much money in my bank account
I feel like not enough people appreciate the hilarity of the “colonic map” joke
what’s that?
@@mcfrisko834 a map of your colon, most likely
@@mcfrisko834 the great map of the shitter
Thanks guys
Hahahaha right?
"Shut up and give my money"
"give *me* my money"
@@fathfez7991 It's YOUR money use it when you want to!
*OUR* money comrade.
shut up and take my money
Now that's mother fricking epic and very fricking funny xD
$4,283,508,449.70
This is the exact amount, if you start with .93¢ with no additional deposits at an annual compounded interest of 2.25% for 1,000 years.
If I froze myself right now for 1,000 years I would have roughly...let’s see here.
$272,003,339,808,591.75
Now I bring this to a person who can freeze me and say “Let me do it and I’ll give you an I.O.U and when I wake up I’ll play you the $10 million I owe you.
Nerd 😎
Wrong. It actually is
4,283,508,449.71
You forgot one cent.
It dipends if the capitalizzation is simple or compoused
KILLERROBOT99 if I froze myself right now my balance would be about $1,206,234,583,917,263.50 give or take
Everytime Fry has money, he blows it. Remember when Planet Express was rich for owning shares and Fry single handedly tanked the share price
Why have money if you dont spend it?
@@punkm0nk3y2 A question only the people with self control know how to answer. Fry is not one of them. As for the shares, that wasn't spending, that was bringing the worth down to nothing.
When I first saw this, I was honestly surprised that after Fry fainted, Amy or Lella didn’t make a joke about how a thousand years of inflation made 4.3 billion dollars the equivalent of 93 cents in 1999.
Well.. then the episode wouldn't really work. It would be a regular work day with nothing happening.
@@leontarmann3449 I know that in hindsight but not the first time.
Actually, if inflation averages around 2%, and his interest rate averaged 2.25%, then the amount of money he had would be 1.0225^1000 times what he put in, and each dollar would be worth 1.02^1000 times less, which means what he had would be worth $0.93 * (1.0225/1.02)^1000 ≈ $10.75.
Given how society collapsed twice, I’m assuming deflation occurred
@@n0ame1u1 Wow! It's been a while since I've seen a member the "actually..." species still out in the wild web. Keep it up pal
Smeesh, it’s just 4.3 billion bucks. What is that, like 1.4 billion cups of coffee?
You sly dog
Interest rate is slightly below inflation (that's one way banks make money). 4.3B would be less than 93 cents in terms of buying power in 1000 years, you couldn't even buy one cup of coffee.
Destruction of civilization twice can reset the inflation and monetary value
Chevy SparkEV you must be great at parties
nice reference
I really appreciate how Fry's reaction feels actually subtle and genuine, like how somebody would really act in this situation, and not just him shouting something like, "Holy Cow!" or "No Freaking Way!"
agreed, I would have the same reaction to that, I also get that reaction with some other stuff
I admit if I found out I had a couple billion in the bank I don’t think I would be able to function for the rest of the day…. Maybe the rest of the week
totally! I remember first watching this episode and expecting them to go with the obvious gag of him saying "alright!" again in the same tone of voice
I don't think you know what the word subtle means lol
Actually, I would probably have a massive fucking heart attack. Both at that and the ungodly amount of income tax you'd owe after A THOUSAND FUCKING YEARS.
Just also to note that the bigger Fry`s balance became over the years, the more money he would accumulate... :D good service tho!
Yes That is how compound interest works
True.
Why does she need to calculate it though? Isn't the balance actually recorded somewhere?
Inflation would severely diminish his buying power though.
Only if it was compound interest instead of simple interest
Some people's reaction when they received the $1,200 stimulus check
Cause some people have nothing
@@rene512u4, relatable
@@JamieCraigy man what I could do with 1.2k as a South African lol
I Am Razor buy South Africa.
@@rene512u4 some people are to lazy to work and are getting free money
That reaction would be everyone's reaction if they found out they were rich.
escuse me
I'd probably have a heart attack lmao
.
.
.
.
.
.
I'm serious. Obesity and heart disease runs on both sides of my family.
But is he rich tho? Ik kinda confused? I tough because if inflammation that's normal to have billions in your bank account like having dollars RN.
Honestly? I'd probably just be like..."hm. Alright 🤷♀️ Nice." And that would be about it. I have everything I need already so it wouldn't make much of a difference other than ensured stability and the ability to be ultracharitable. I guess I just take things in stride these days.
@@wilmerflores7830 bruh did you just type inflammation meaning inflation 💀
Too bad after a few years of inactivity his account would be closed and the money goes to the government because it becomes "abandoned property".
r/iamverysmart
That’s actually a pretty reasonable system tbh
Good thing this is a cartoon and not real life.
I mean if you don’t do anything with your money for ~3 years, and they give you warning...it’s your own fault. Buy a mcChicken or something.
Bruh lolxd.
I love how he has a f**king stroke after he heard that💀
underrated lines: "OR your colonic map on file." and fry telling the lady his pin number LOL
Chances are his old working place is no more after 1000 years.
That or inflation completely changing the price of a cheese pizza and large soda
Speaking of which, due to inflation, 4.3 billion by then would be like 4.3 million now, (im assuming) which would still be a lot, but not like a billion nowadays.
Confirmed that we know his old job is gone.
And so is his dog. 😭
@@KimiOmega its been shown multiple times inflation is no longer a thing in the year 3000, everything litterally costs the same as it did in 2000
He didn't tell her the PIN tho... She'd have to know the price of his order
The fact that his account wasn't closed a long time ago makes me believe that the company that had him in cryo sleep would have to have to make a record of their "patients" at some point, and would have to assert that he is legally not dead. It's too silly not to think about.
also a fun thing to think about maybe because of his family's future clout they kept him on
Hello fellow furman.
@@justafurrywithinternet317
Hello other furman.
@@TheOneAndOnlyMaui Indeed.
He was such a loser nobody bothered to give him a death certificate
The most stunning part about this for me is that the math actually does work out to result in 4.3 billion dollars!
0.93×(1.0225^1000) = 4.28 B
I’m getting $49.243B
@@getowtofheyah3161 Did you make sure to divide by 1?
The writers of Futurama did have three PhDs, seven master's degrees, and over 50 collective years at Harvard University, I'd be more surprised if they got it wrong.
@@ZoapOfDoom this is the comment I came here to make. This is me finding out it was already made in the pasty.
Buuut they should have accounted for inflation
I love how it completely forgets that civilization was destroyed twice while he was in cryostasis, so his savings would be completely gone since the bank is gone. Also, was the cryostasis building just worshiped as a temple to the gods when they rebuilt in the middle age style?
It's just a fun cartoon, enjoy it how it is
Imagine if he had $10 in his account.
Yeah, technically if he had just eaten at a cheaper place or something the night before he could be one of the richest people in the world
Bet I’d be a quintillionaire come Y3K
could be possible, from $10 to 4.3 billion. imagine that amount in cryptocurrency that has tokenomics feature during that duration period 👍😊 (not financial advice)
or just imagine if fry was a regular person with 1000 in a account.... O_O
$10 for 1000 years and 2.25% interest is $46 billion dollars. Check my math.
Imagine someone like Fry having bank interest of over 2%. That’s the real fiction here.
Believe it or not it’s about 3% here in Greenland
Greenland, huh? So what's it like having to go to Canada for electricity? 😂
@@larskarlpetersen9541 Someone with Fry's funding, in the US, probably wouldn't get a bank account with even an entire percent interest. It depends on the bank, but a lot of people have savings accounts where keeping upwards of $1000 yields mere cents in interest.
@@Sanguimaru damn didn’t knew how low it is in US well luckily the bank in GL and DK are pretty damn good i guess
@@jasonhodgin1792 wow nice one It’s imported by ship just like most of the other countries
And prices are like 50-56 cents per liter (about 34 ounces)
Okay, honestly, would anybody NOT have this reaction, or, similar? 4.3 BILLION dollars...that's a LOT of anchovies!
yet he could only get a little bit of anchovies.
But they've been extinct since the 2800's
Damn right
ZOIDBERG!!!!!!
Yeah. Plus I would feel a heart attack coming along too.
Whoever decided to create Frys reaction is absolutely brilliant.
Tfw Jeff Bezos made more than that money in less than 10 years
But Fry didn't have a worldwide company and thousands of employees. He earned every single penny on his own.
@@JmeJim 4x, but yeah
DarksaberForce Thousands of underpayed employees***
Thats shady. All Fry did was save.
M P no, no he didn’t
Headcanon: everybody decided the US dollar wouldn’t inflate so people wouldn’t nitpick this scene.
Edit: apparently everyone completely missed the point of the comment, so thanks for that guys
It's actually pretty likely the US dollar inflated and then deflated twice since the two apocalyptic events in the past 1000 years.
@@Guntherson220 i was thinking the same thing, there's an episode where they mention global warming being canceled out by nuclear winter (a stupid joke i know) which implies many things happened resulting in the year 3000 being closer to 2000
Pretty much, with inflation he has about 3 bucks
What's really sad is that enough inflation has taken place since the start of this show that all the prices in the show seem cheap. But if they were serious and took inflation into account for the show, every scene involving money would have been extremely confusing so I understand why they didn't.
With inflation, he'd probably lose money for a while, until the snowball effect of his account really kicked in.
Just did the math, and they are right. $4.283 Billion to be precise.
I love how this glosses over the fact that there were nuclear wars, revolutions and other upheavals. So the currency would most likely not be the same, nor would that particular bank survive. But that's baked into the humor.
Yeah, while he was frozen there´s two alien invasions and society goes throug medieval times again, but I guess they kept the banking system and currency :D
How to be rich
1. Have $10000
2. place the cash in in a savings account with a compound interest of 2.5%
3. Sit in a chair and drink beer
4. Fall and get stuck in a cryogenic chamber for 1000 yrs
5. Profit!!!
how do i get $10000??
A loan or commit a heist
It’s only a profit of inflation on average is lower than your interest rate, or you take your money back in time with you... but then future cash won’t be accepted as currency so you’d be fucked.
STONKS
As if the dollar will have any value in a thousand years.
Freezing yourself for 1000 years seems genius now
Unless you're in debt
not now eith the goodam neggative intrest raye and im not joking in my country we have a negative intrest loool
It does. HE GOT TO SKIP 2020
It's still pretty bad. If this worked, inflation would make everyone infinitely rich. Those billions of dlllars arr probably only worth a few cents MAX.
@@twakilon I'm sure there's not interest at Futurama it is just a show
Surprised they still support ATM cards, that’s a good bank.
Agree bank that keep their atm that long I’ll support
Not to mention keeping an account with 93 cents in it open for a 1000 years.
Guess fry has great taste in banks.
"And adjusted for inflation, that's worth the equivalent of...92 cents!"
We’ll just transfer all that into bitcoin annnnd its gone.
Fry: “what do you mean it’s all gone?”
The best part is that the math is actually spot on.
Some of the writers on the show were incredibly smart. The math and formula calculations on the body swap episode were spot on too.
The writing team has Harvard graduates and loads of PHD’s under their belt, I’m glad this show is so smart
@@ButtBungus because banks would never actually let that happen.
its like elementary school math lol
what you expect from phd
I can hear Jeff Bezos laughing from under his Amazon hoard.
Oh fuck off envy goblin.
@Abigail Slaughter I swear Jeff Bezos is a chromatic dragon in polymorphed form
Actually, Jeff Bezos got nowhere near 4 billion dollars on his bank account.
I mean, his Amazon hoard comes down to like... 25 million at most.
even after he had to give that good for nothing bitch half of it
2.25% apy, the account wasn't closed for inactivity, and they allowed verification with a dated system. Where can I sign up?
And they gave you this service with an initial balance of 93 cents. That's the most unrealistic part of this. At that balance, it's a liability for them to keep an account for you, and you won't meet minimum balance requirements to get that apy.
Not to mention not getting charged a fee for being mailed bank statements
What kind of bank allows you to keep only 93 cents in your balance?
@Etcetera Thankfully as I’m a university student my bank doesn’t charge fees, but it still sucks as university is ten times more expensive. xD
He probably opened the account before it was even in the "modern computer system". I have a life insurance policy that my parents bought for me when I was a baby and when I tried to move it online as an adult, its so old, they can't migrate it into the new system. So I send my yearly check and they give me an update on it.
I always loved the appreciation for math in their show. Something as subtle as this will spark interest in finance and investing for many.
I don't know why this was in my recommended, but now I want to binge Futurama.
For the first time or have you seen it before??
As someone who watched it over 4 times, let me just say...DO IT!
Same
Do it! I'm so ready to re-watch this gem for like the 10th time. 😍
Way ahead of you kid
4.3 billion dollars a thousand years from now will probably be enough for a small cup of coffee. Without sugar or cream.
1. It's a fucking cartoon about a fictional future.
2. Civilization was erased twice in those thousands of years.
3. You're accounting for USD, not whatever global currency they use in the show.
Inflation isn't that fucking dramatic
Exactly.
Money in a savings account does not outpace inflation. At best he would maintain the purchasing power of his $.93 cents of the past.
Inflation must be way faster, indeed
Me: *I only have 69 cents, you know what that meeeeaaans.*
Teller: *About 3 billion dollars.*
U suck
Aaron Henderson No you, bieeetch
@@duolingoowl9663 get the fuck out of here...i wont do my lesson
You better get the fuck outta your house. Your parents will be wishing you did your lessons, kiddo.
@@hanspetermeier1409 yea love ur energy and Duolingo owl u suck
You’re all wrong. The most impressive part of this is that 1000 years in the future there are still humans working in banks rather than on the internet.
well this show was made in 1999
Also she might not even be human
Fry is lucky to not have had any Debt ... imagine some Student Loan repay value after a couple of Centuries ^^
$30,000, at 6.8% interest over a thousand years would be...
Lmao some of my loans were about $4,500 at 7.5%. That would be brutal
Wow my loans were $0 at 0.0% because I don't live in a dystopian shithole run by shitheads that tries to withhold education from the poor B-)
You think Fry went to college?
@@DreadDoom same here except I'm not an idiot who thinks college is helpful
I should really consider freezing my self🤣
Go to Antarctica
lightdudee 🤣
Good luck with that, unless you've got Disney money.
@@ccggenius he will in a 1000 years
You should really learn that inflation kills everything. Haven't you worked around older guys who reminisce how a packet of cigarettes used to cost 75 cents?
This is even more impressive considering we have seen in flashbacks shortly after he gets frozen alien ships destroy everything get rebuilt destroyed again and rebuilt again
I imagine bank records were stored in cloud to be retrieved later. Aliens didn't destroy underground servers.
@@dorkmax7073 or clouds
@@dorkmax7073 in 1999?
@@noahhughes2501 Yes, the server farms existed then and were already powering automated debit and credit card processing at that point. So it is plausible the account information continued to exist, at least if it wasn't for certain pesky inheritance and unclaimed asset laws getting in the way.
@@noahhughes2501 localized entirely within your kitchen?
I hope everyone takes away the biggest lesson from this:
Compound interest is the secret of the super rich.
This, and time
Most unrealistic thing about this scene was the interest rate.
right? 2.25%, what bank is this at haha more like .025%, a quarter of a tenth of 1% haha
@@tylerdavis8239 like most of them american express, discover, vanguard, and lots more have interest rates of more than 2%.
@@austinblackburn8095 i just checked and of all the ones you listed the highest is still only 1% and they say on their site that its variable, 2.25% does not exist lol the highest is 1.05% from citibank
@@tylerdavis8239 Yeah thats right now during the pandemic where interest rates where lowered to 0% by the federal reserve 3 to 4 months ago they where all over 2 percent and besides it was talking about average interest rates in the show and if you know anything about interest rates on savings accounts they are strongly tied to the interest rate.
@@austinblackburn8095 Which is still bullshit. By the time you factor the 3-4% inflation. You still lose money on that while the bank uses it to collect interest on loans. Its still a bad deal
4.3 billion
Me: AHHHHHHHHHHHHHHHHHH *dies*
Jeff bezos: Is this what it feel like to be poor?
bezos still has hundreds of billions more than you
@@matty-hf3zv that's the joke buddy
@@matty-hf3zv r/woosh
@@matty-hf3zv I know
I would react the same way
Special Fex everyone would
i prob would not make those sounds or drop like he did
id just be stuck staring brain unable to process it lmao
What about inflation ?
Daniel Rodriguez what do you mean?
@@bobmichernchannel6077 it's a lot of money and all but prices would get higher right?
It's hilarious how everyone acts like 4.3 billion dollars wouldn't be the equivalent of a quarter and a bottle cap due to 1000 years of inflation
Yeah that's becuse they've seen the show and know that your statement is full of shit.
Or more accurately the show pretends that inflation wasn't 2,25 percent a year for the last thousand years.
@@jorenvanderark3567 I think that the society-collapsing events that happened while fry was frozen likely reset the economy, so by the time fry thaws out the value of the dollar roughly corresponds to its value in 1999.
@@jorenvanderark3567 inflation is 2-3% annually so yes it would be about 2.25% over 1000 years if not closer to 2.5%
@@LucasFernandez-fk8se
Or more accurately the show pretend that inflation wasn't a thing for the last 1.000 years.
Dude, you're talking about a show and instead of using show lore for your arguments you use real life phenomena. That only works when you talk about a scenario in real life.
The inflation average between 1900 and 2020 was 2,93% so that 93 cents would be worth less than it is today.
@@jorenvanderark3567 In the show, the American economy has likely reset several times, given that multiple major city centers have been nuked in the past thousand years.
There's a reason we're not all dealing with shillings and pieces-of-eight in real life - currency changes over time. Inflation isn't a constant, it depends on the economy of the place it's in, its rate of growth, etc. If New York got nuked (which it did in the show) that would be a serious blow to the US economy, which would raise the value of the dollar considerably over time. Given the events that happened between 1999 and the year 3000 in the show, the dollar would probably have roughly the same value as it did in 1999.
Pretty measured response to suddenly finding out your a billionaire really.
*finding out you're a...
@@HaHaHaHolowence ah yes, because the type of your/you're is the problem
@@ryanrigley2558 Didn't say the other thing wasn't a problem.
@@HaHaHaHolowence the problem is you, Grammer nazi
4 billion dollars in 1000 years is apparently nothing in Futurama.
Everyone who bought bitcoin 10 years ago:
Dude yeah I think bit coin was like $0.06 or somthing like that. I would have bought $600 worth if I knew any better.
@@mrhefe2322 Don't let hindsight beat you up
I bought one whole bitcoin for $20 near the beginning and support emailed me several times and said that I was required to trade or sell it and not just sit on it and wait for it to gain value because everyone was doing that which I never heard of and they kept talking about TOS violations and fees and fines. I was going to owe a lot of money for some reason. I was dumb young and scared so I sold it to someone, not the person who spoke via email got back my $20 and later in the news, they said many people were scammed out of their money this way and it had climbed into thousands of dollars in value. It was weird because I knew in my gut that despite not knowing crap about investing that this stock was worth getting and keeping that it would be worth a lot more someday based on what I read, how people feared it and liked it and just a sense. Anyways. I don't promote gut gambling but I'm ok. Took ma while to get over that one.
I owned 20 bitcoins and sold 20 bitcoins. About 10 years ago. Hugest mistake of my life.
@@rJayisawesome oh my lord I would be destruct..
And then there’s the question of inflation.
How much is his money actually worth in that future society? Is it still a valid means of currency?
The annual average inflation rate is 1.8% but the world had been destroyed multiple times
Still probably alot
At least 3 of them
This will likely go down in history as one of the most debated videos of all time.
In the firat episode a suicide machine cost like a quarter. Their currency is similar to ours.
Realistic plot twist:
-And how much does a chesseburger cost nowadays?
-Well the inflation was pretty bad over a thousand years. Today's cheeseburger costs 4.5 billion dollars.
Back when you could actually get interest off of savings. Now you’re lucky to get 0.1%
“Back when” sir this is a cartoon situated in the year 3000
Oh don't statt
@@556johny556 The main character of which was born in the 20th century
@@bigmeknurgle In a C A R T O O N. Y'all need to go be boomers somewhere else for real.
O.1%
1,000 years.
He would have 2.53 cents
"How to get $4.3 Billion while sleeping!!"
Ads like 5 years ago
Interest rates are typically lower than inflation. You don't make money this way, you just don't lose it as fast.
The high ground congrats at being good at math that makes my brain hurt (or good at googling, I dont know your life)
The high ground none really
@The high ground Average rate of inflation normally hovers around 3%. At least in the US
Dalton Bartz False. In 2019 it was 1.81%, 2018 it was 2.44%, 2017 is was 2.14%, 2016 it was 1.26%, 2015 it was 0.12%, 2014 it was 1.62%, 2013 it was 1.47%, 2012 it was 2.07%, 2011 it was 3.14%, and in 2010, it was 1.64%. So for the last decade, it has hovered around just slightly over 2%. So if that trend continues, (and it very well may) 2% is a reasonable figure to use.
@@knifedance2402 Well yes, that's from this decade and I'm pretty happy with that rate, but that is a fairly limited pool of information (one decade) for a country that's been around hundreds of years. In June of 1920 we had record high inflation at 23.7%. While only a year later we had a record low of a staggering -15.8%. By decade, the 60's saw an average increase of 2.32%, while the 70's saw an increase of 7.06%. That being said, most researchers and investors I know of that when it comes to most things (economy especially) a small picture is inconclusive, while a wider picture provides a better understand of what the future might hold. So from 1914 to 2020 the average rate of inflation in the US is 3.24% annually, and based off of historical evidence the coming decade could reasonably spike up to an average of 7-8%, or drop as low as -1%, but the 100+ year average would still stay roughly the same. Based off of that, I would say 3.24%, with a margin of error for something like 0.25% would be a better way of calculating hypothetical inflation for the next 1000 years with the information we currently have
Easily the most unrealistic thing about this was the bank didn’t charge him any service fees on a dormant account with $0.93
Ok what im more impressed that his account existed for a thousand years. And if you remember, his freezing sequence has stuff happening in the background, including multiple civilisation wiping events and middle ages 2. Despite all of that 1) the building he was in wasnt affected at all and 2) his account still exists.
I know its cartoon logic but still.
Bankers and cockroaches are two things that can survive the apocalypse
My favorite part is that this calculation is pretty much spot on, and that the bank couldn't find an account with $4.3 billion in it.
How is that? 0.93 x 1.024^1000 = 18.5 billion
@@prevara5162 two and a quarter percent is 2.25%, not 2.4%.
@@prevara5162 but did you pemdas?
@@prevara5162 the equation would end up being .93x1.0225^1000=4,283,508,449.7112
So they actually shorted him by 283 mil.
Actually you’re supposed to use the monthly compounding formula, or A=P(1+r/n)^nt
Where P is the initial sum (.93)
r is the interest rate (.0225)
n is monthly compounding (so 12)
And t is the number of years (1,000)
(.93)(1+(0.0225/12))^(12)(1,000)=$5.382B
"...4.3 billion dollars; minus the new surcharge usage fee brings your balance to...$1.85."
And adjusting with inflation, thats worth about 1 cheeseburger
"compound interest is the most powerful force in the universe"
~ Albert Einstein
I think that's a misquote, but still a good saying.
Factorials.
Moses said that actually
@@dodecahedron1 Snopes says it is undetermined if he actually said it, with the first mention being in 1983, and Einstein having died in 1955. It does sound like something he'd say, but I think several others have had the quote attributed to them as well, which makes me skeptical.
@@Excalibur2 Snopes is run by 2 strippers and their sugar daddy, I'd take anything they say with the smallest pinch of salt that the universe could conceive
"Aaaaand its gone, its all gone"
Noice
South park noice
Good one, good one...
wrong cartoon
Worse kinda banks in a nutsheel steal yo cash and ruin yo ass
Ahh so this is the secret all those moms are talking about. “Become rich with 1 dollar” headasses
Not even 1 dollar lmao
Lmao
Not to mention inflation. Imagine how much a dollar was worth just 100 years ago. Many people don't realize the purchasing power of money keeps going down every year.
You'd think. But after 1000 years they've probably gone through financial crises after financial crisis. Think of Germany in world war II, they had such rampant inflation that several trillion marks couldn't buy you a loaf of bread. But now German Franks are worth almost the equivalent of an American dollar if not a little bit more. Inflation isn't constant, and money fluctuates in price all the time especially in a world with money not based on commodities
@@brenndanmcdonaugh1672 which is impressive when Germany haven’t used the franc in 20 years
@@elcactusdelamuerte506 fair point, cool fact that I didn't know. But my point is that money's price fluctuates and inflation is by no means an exponential problem. It can recover with time
@@brenndanmcdonaugh1672 you used Germany as an example of currency recovering despite not knowing what currency they used? They had to abandon the mark for the euro because it was that screwed up and had to adopt a currency not even set up in their nation, given they had 5 currencies prior to this since the end of WW2 that failed (they all had mark in the name and colloquialisms meant they were typically called the mark in conversation, but the Reichsmark they started WW2 with isn’t the same as the Deutsche Mark which they abandoned for the euro in ‘99)
The currency didn’t recover they abandoned it had to make 5 new currencies, and eventually adopted an outside currency.
It’s an example of a nations economy recovering, but not an example of a currency recovering it’s quite literally the opposite of that
@@elcactusdelamuerte506 you're focusing on the semantics of the argument considering what currency they used (however Interesting it is) The point is that an economy on the brink of destitution recovered due to currency reform. I'll accept that it was due to outside influences. But there are ways to combat rampant inflation and an economy as developed as Americas will have a hard time reaching hyper-inflation when spending is as scrutinized as it is (excepting military spending of course, which could reduce due the war "ending")
He could buy a lot of cups of coffee with that
“93 pennies saved at 2.5% interest rate over 1000 years is 4.3 billion dollars earned”
2.25%*
Too much math to know if it's true
@@bidibum it's not, the total amount would be of 21.8 dollars
@@thebatman289 no your wrong, it would be 4,283,508,450 which is 4.3 billion dollars.
@@abdullahrehan8842 would like to know what's the calculation you've made..
How was anyone actually questioning the math? It seems all the writers of the show graduated from Harvard with a degree in Mathematics or Physics.
Or just high school would do.
Lmao it's just 0.93x1.0225^1000. Use a calculator
They did. They were the most over qualified cartoon writers ever
@@dakotayupyupyup8377 Which really helped Futurama to be so good.
@@dakotayupyupyup8377 They even got Hawking
No matter how many times I watch this episode, my jaw drops completely to the ground every single time she says $4.3 billion!! I mean, come on, that’s un-freaking believable!!!
I mean, with inflation and all that’d probably be like the equivalent 12 bucks
How do you know how much the economy had inflated or deflated lmao
For all we know they could have made inflation factoring illegal punishable by death in all countries because the poor got so sick of inflation being factored they threatened world wide rebellion over it.
for a society as advanced as this, i doubt that they would let all currency become practically worthless
To be honest 4,300,000,000$ in year 3001 is like purchasing power of today's 3,500,000$ due to average yearly inflation rate of 2,5%
@@azrieljale the world was canonically token over by aliens twice and had a nuclear winter that was cancelled out by global warming. I think inflation trends have maybe changed in 1000 years
i´m not broke, i just have to wait till time travel is invented so i can scam the banks for decades worth of interest
inflation says hi :D
@@thrippjck1669 You can still get the money tho...
Cash them out and travel back into time ( if the dollar bills are the same) or buy a technology that, If brought back, Is worth billions
Too bad the banks are making money off of your money the whole time. It’ll be chump change to them by then.
@@vaisnow or go to like the 1800's and get a $1 bill then go to modern day (or the future is the US still exists) and sell to a collector for hundreds of $s
Edit: i googled it and wow www.ebay.co.uk/sch/i.html?_from=R40&_nkw=%241+1862&_sacat=0&LH_TitleDesc=0&LH_PrefLoc=2&_sadis=15&LH_Complete=1&LH_Sold=1&_stpos=SM14PJ&_sop=16
I love how Fry was proud to have that 93 cents.and then proceeds to hyperventilate
I love how Fry has a stroke after learning about how rich he is! 😂😂😂
The problem is in real life they would take all your money for "maintenance" or "service" fees for being inactive with no deposits or withdrawals after awhile, lol.
happened to me. banked with NatWest for 30yrs. gave me notice to close an acc after 8yrs of being inactive. I objected and it stayed open - for 1year! then they closed it ignoring the 15yrs period in their own rules. still had £138 in it. staying abroad I didn't react immediately. Brexit made me try again. NatWest pulled up a lot of red tape. IDs, embassies, notary, trusted translaters. Contacted the Financial Ombudsman and we came to an arrangement. then NatWest acted as if nothing had changed. if you deal with them you'd think your letters get answered by robots, not humans. totally inflexible and dead to any details. it is probably a robot who answers you.
Not at all, most of banks today offer you free accounts. I have two accounts, one is in foreign currency and maintenance is $0.7 a month, and the other is actually free, so if I decide to close the foreing currency account, I will not pay a cent to the bank.