New Currency

[280Z Turbo]

1.)
2.)
3.)
4.)
5.)

[The Pirate]

How about wampum?

[Soup DeVille]

I'm going with monopoly money, as its the one least likely to decrease in value.

[Eye of the Tiger]

how about women?

[Soup DeVille]

how about women?

Hard to make change with.

[The Pirate]

Hard to make change with.

Make age be the value.  You buy something that costs 15, and you pay with a 40 year old woman.  Your change is a 25 year old woman.

There's some logistics to work out still, but I really don't see a downside.

[Rich]

The dollar is up from 84 yen/$ to 96 yen/$ now...

hopefully it keeps going, so when I get back to the US inflation hasn't taken hold yet.  After I buy the car I want, I won't care as much

[Eye of the Tiger]

Hard to make change with.

No problem. Just cut them in half.

[Laconian]

[the Teuton]

So my mom has a $500 Confederate bond on the wall downstairs.  When will that be legal tender again?

[rohan]

I'm going with the new standard chosen by Chairman Berry.

IOU's are now the only legal federal tender

March 8, 2009

Washinton D.C.

In a suprising move by the Obama administration, the White House Chief of Staff, Rahm Emanual, announced early this morning that the Treasury Department will be issuing a new state currancy.

Emanual advised that the dollar, commonly called the "Greenback" will be immediately removed from service by the Treasury Department and replaced with vacant IOU's. 

Emanual stated that these IOU's would be printed on plain white paper and have little or no value.  He stated the entire system balanced on the willingness of the Chinese government to continue buying our debt, and warned against false hopes and dreams. 

"I cannot make this warning strongly enough, we have no intention of valuing this currency.  We do, however, desire that the American people allow us to produce as much of this currancy as we need without question." 

[Galaxy]

Those are from fall 2008. They have since issued new notes.





The sad thing is, even with all those big numbers the Zimbabwean $ is still one of the few currencies which is worth less then the paper it is printed on.

[sportyaccordy]

I'm going with the new standard chosen by Chairman Berry.

IOU's are now the only legal federal tender

March 8, 2009

Washinton D.C.

In a suprising move by the Obama administration, the White House Chief of Staff, Rahm Emanual, announced early this morning that the Treasury Department will be issuing a new state currancy.

Emanual advised that the dollar, commonly called the "Greenback" will be immediately removed from service by the Treasury Department and replaced with vacant IOU's. 

Emanual stated that these IOU's would be printed on plain white paper and have little or no value.  He stated the entire system balanced on the willingness of the Chinese government to continue buying our debt, and warned against false hopes and dreams. 

"I cannot make this warning strongly enough, we have no intention of valuing this currency.  We do, however, desire that the American people allow us to produce as much of this currancy as we need without question." 

October of last year, the size of the money supply spiked. Gee I wonder what Chairman Obama had to do with that, or what, if anything, McCain would have done differently.

I don't care what currency we use, as long as its not created at the whim of private banks as it is now. Do away with the whole Federal Reserve fractional banking system and let the Treasury take control of the money supply again.

[dazzleman]

October of last year, the size of the money supply spiked. Gee I wonder what Chairman Obama had to do with that, or what, if anything, McCain would have done differently.

I don't care what currency we use, as long as its not created at the whim of private banks as it is now. Do away with the whole Federal Reserve fractional banking system and let the Treasury take control of the money supply again.

Obama was handed a mess, and he's making it worse, in ways that have nothing to do with the mess he was handed.  That's the bottom line.

The money supply is way up due to moves by the Fed last fall.  Obama will compound that problem with trillions of dollars of additional deficit spending that is unrelated to the current economic problems.

He's a master at criticizing other people for doing the same things he is doing.  He makes a legitimate criticism of Bush for adding an entitlement (prescription drug benefits) without a funding source, and then he goes and does the same thing x 10.

He's just another sleazy politician, if anything worse than many of the others because to some people at least, he's not quite as transparent.

The remarkable thing here is not the difference between the Bush and Obama administrations, but the similarities and continuity between the two.  Both have economic and fiscal policies predicated upon spending more than we have, and borrowing the difference.  Until we change that, there can't be a real recovery.  Obama will probably get the economy going again artificially, as Bush did, in time to win re-election, at the price of a crash later that's even worse than what we have now.  That seems to be the cycle we're in because we can't face up to our overspending addiction.

[Soup DeVille]

So my mom has a $500 Confederate bond on the wall downstairs.  When will that be legal tender again?

Confederate money was goldand silver certificates, redeemable upon request. As long as you were requesting it from the confederate goverment that is. There are a few groups in the country that claim the title of representing the CSA. Shoot them an email and tell them you want their gold.

[MX793]

Confederate money was goldand silver certificates, redeemable upon request. As long as you were requesting it from the confederate goverment that is. There are a few groups in the country that claim the title of representing the CSA. Shoot them an email and tell them you want their gold.

Be sure it's adjusted for the current market value of gold and silver.

[Soup DeVille]

Be sure it's adjusted for the current market value of gold and silver.

No, not at all. The ratio was something on the order of $30 equals one ounce. I'd demand that exact ratio.

[MX793]

No, not at all. The ratio was something on the order of $30 equals one ounce. I'd demand that exact ratio.

That's what I meant, get it adjusted for what $500 in gold then was (e.g. if $500 in gold then is now worth $10K in gold, get $10K in gold).

[Soup DeVille]

That's what I meant, get it adjusted for what $500 in gold then was (e.g. if $500 in gold then is now worth $10K in gold, get $10K in gold).

Yeah, that's what I meant.

[Soup DeVille]

But, all kidding aside, an 1864 $500 CSA bond is worth close to $500.

[r0tor]

no money... but july 4th we will be on the barter system

[the Teuton]

Confederate money was goldand silver certificates, redeemable upon request. As long as you were requesting it from the confederate goverment that is. There are a few groups in the country that claim the title of representing the CSA. Shoot them an email and tell them you want their gold.

Did you watch that mockumentary on TV last night about the CSA?  It was priceless.

But, all kidding aside, an 1864 $500 CSA bond is worth close to $500.

Indeed.  At least it can't depreciate.  My mom is a Lincoln/Civil War guru.

[Soup DeVille]

Did you watch that mockumentary on TV last night about the CSA?  It was priceless.

Indeed.  At least it can't depreciate.  My mom is a Lincoln/Civil War guru.

No, do you have a name or title?

[the Teuton]

No, do you have a name or title?

http://www.imdb.com/title/tt0389828/

It was partly produced by Spike Lee.  It's a hilarious satire on the country had the Confederacy won.  It was so racist I couldn't believe it at times, but it uses real historical footage and splices it to get something really unique.  I enjoyed it.

[Soup DeVille]

http://www.imdb.com/title/tt0389828/

It was partly produced by Spike Lee.  It's a hilarious satire on the country had the Confederacy won.  It was so racist I couldn't believe it at times, but it uses real historical footage and splices it to get something really unique.  I enjoyed it.

I'll put it on my list.

[Morris Minor]

Coffee
Cigarettes
Chocolate

[SVT666]

Make age be the value.  You buy something that costs 15, and you pay with a 40 year old woman.  Your change is a 25 year old woman.

There's some logistics to work out still, but I really don't see a downside.

Who's going to decide what women get used?  You could end up with a 29 year old woman with 3 kids, a drug problem, and 300 lbs of excess weight.

[rohan]

October of last year, the size of the money supply spiked. Gee I wonder what Chairman Obama had to do with that, or what, if anything, McCain would have done differently.

I don't care what currency we use, as long as its not created at the whim of private banks as it is now. Do away with the whole Federal Reserve fractional banking system and let the Treasury take control of the money supply again.

I'm not sure what you're saying in response to my post to be honest- but you should know I was just being a smartass when I wrote that-