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Japan Preparing To Launch Quantitative Easing; What Are Three Lost Decades Among Hyperdeflationary Friends
As if the newsflow from the last few days could get any more surreal, Dow Jones concludes the ticker with this stunner:
Japan Hirano: Expect BOJ Gov, PM To Discuss Quantitative Easing
TOKYO (Dow Jones)--Japan's top government spokesman said he expects Prime
Minister Yukio Hatoyama and Bank of Japan Gov. Masaaki Shirakawa to exchange
opinions on the economy and to discuss the possibility of the central bank
adopting a policy of quantitative easing, local media reported Monday.
The BOJ head and the prime minister will also talk about whether they share
similar views on the economy, Nikkei News cited Chief Cabinet Secretary
Hirofumi Hirano as saying at a press conference earlier in the day.
Questions, questions, questions: Does that mean the Yen will be the carry currency of choice once again? And if so, will the dollar shorts promptly bail as they flee for the traditionally shorted Japanese currency? Will Japan now pay investors to borrow and short its currency? Is Richard Koo, well, Koo-Koo? Just how thin is the thin white line between deflation and dementia-induced hyperdeflation (and here we were thinking only the Chairman was able to come up with such brilliance)? Will Japan issue exclusively dollar denominated debt as this action does nothing to moderate the trade deficit as the world forgets what foreign trade is all about? And will the US return the favor and start raising 30 Year denominated in Yen? Does anybody even give a rat's ass anymore?
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idiocy is obviously contagious.
that is a fine summation of the situation.very well put.
Does the IMF approve or are we all headed for unbearable pain.
Just who is minding this Asylum -
Beam me up Scotty, no intelligent life forms on this planet.
trading deck chair currencies on the Titanic...
Hmmm. Maybe the $, at least in the short-term, is going to do its best impersonation of Lazarus.
Next phase: currency wars.
Japan is legitimately faced with sovereign default if they suffer any material deflation. They have no choice.
Export economies are on the same path. This will end...badly. Everyone wants a weak currency and to fuck their citizens.
If this drives the dollar up the Fed will respond with outright printing. Nobody can tolerate deflation, not China, not the US, not Japan, not nobody. They're either in massive debt or else dependent upon that same debt for their export ponzi
Yup. There has been speculation for weeks that Japan would do something to defend their export-based economy. Their export-industries were getting creamed by the plummeting dollar. Enter the competitive devaluation rate to the bottom! Who can print fiat the fastest?!
Got gold?
Everyone will push on the string with the money flood.
Problem...all the money in the world doesn't matter once the earth passes peak energy. At that point, from there forward, infinity dollars at 0% WILL NOT make more net energy supply manifest itself.
There's a nice thesis over on TF saying what I've been saying for 5 years - energy is what causes economic growth, not interest rate regimes. In fact, the author relates GDP to energy consumption as a freaking CONSTANT.
Energy is what does things, money isn't. A grumbling stomach does not make a sandwich appear. Demand does not cause supply irrespective of credit and money.
Without a new, growable energy source, the world economy has peaked. They can offer a bazillion dollars to anyone to get more net oil out of Cantarell or Burgan or Ghawar next year than last and it cannot be done. Helium peaked in 2002, now, go ahead, offer $1T interest free to someone to produce more helium this year than last...can't be done.
The earth decides what it will supply, we do not.
And, without increases in the single critical input that does all the doing, energy, there will no additional economic activity in the aggregate.
As EROI slides down to unity, new economic activity becomes marginally ever less profitable; thus, the insane leverage ratios and synthetic economics needed to maintain the credit system against its own weight.
In a way, the barely economic nature of sovereign bonds now creates their own low rate regime because to make any profit, you simply have to lever and buy gazillions of them.
In the end, this will result in a complete rogue wave, spectacular collapse of paper everywhere.
Energy is NOT what does things...my goodness who DO they teach in schools these days.
A free mind is how things get done. Need more energy? A free mind working for himself will provide it and if you feel like paying and he feels like selling maybe you can have some too.
The idea that energy is limited is ridiculous.
Good call. Brains are the only energy
that matters. Sadly we have passed
peak intelligence. Global Dimming is
upon us.
Build Nucs. Drill on the continental shelf (everywhere). Use coal. (AGW is--mostly--a hoax, y'know)
We have the answers if we will just use them. Is America joining the largest suicide pact in history? Looks like it. The biggest problem is that you get to join (even if you don't agree) just because you live here.
At least I'm old so they can't take that much of my life. Sorry for you young folks.
"Now leaving Prosperity. Next stop, Jonestown."
lol, you guys go back to building pyramids with your naked hands! The evidence that the ratio of energy invested/return
drives economic growth is pretty compelling. Read a bit with your free minds :o)
Classic. I'm gonna use those going forwards if you don't mind.
+2
Energy is, indeed, a limited resource.
Now being creative and inventing new ways to exploit energy resources are abundant. It's time that's the constrining factor.
As for expected ROI, producers will invest if the see a strong enough incentive for profit. As a global resource, oil is a prime example of global supply and demand in action. If supply is shrinking, demand will need to follow-- or prices will go higher... perhaps much higher.
But as a result, energy consumption habits will change as well-- and quite likely-- more time and effort will be spent on advancing alterative energy resources and more advanced exploitation techniques.
It's advances in technology and a possible buildout of new infrastructure to support it that will alter the peak energy equation. Although I do think that energy consumption habits will change drastically as the supply variable shrinks (i.e., nat gas cars and riding buses will be more common).
At the end of the day, if one can economically exploit the hydrogen atom, peak energy won't be an issue. We are a long, long ways from that, I'm afraid.
You miss the original posters main idea (granted only hinted at)
And (I infer) that is, that is not just the energy itself, but the ubiquitous use of that energy to produce EVERYTHING and I mean EVERYTHING!
What you seem to fail to realize is that peak oil now, makes the transition to the type of energy economy you speak of, exceedingly difficult (even if the technology were there to make it possible). To prove this point I'm going to ask you a couple of simple questions.
How many Kilocals of petrochemical energy are required in the US to produce ONE Kilocal of food output?
How many Kilocals of petrochemical energy are required to produce a ton of steel?
How many Kilocals of petrochemical energy are required to produce an ounce of gold?
How many Kilocals of petrochemical energy are required to produce a pound of neodymium?
The POINT is that a peak oil event doesn't just impact the petroleum energy supply (daily production flow is what we are really talking about), It ALSO STRONGLY effects the extraction and production of any an all raw materials that would be used to make the transition to a "Green" economy.
It's all well and good that there are alternatives, but the question is can we build the alternative infrastructure necessary for say wide-scale vehicle eletrification BEFORE oil becomes exceedingly expensive as a transport fuel.
Global Warming may be a bunch of bunk, I am not sure at this point, but there is enough information out there to lead me to be highly critical of the conclusions that are drawn (esp. the WAY the conclusions were drawn). No such intellectual hurdle exists for the concept of peak oil.
That should scare the bejesus out of you (even if global warming does not).
The reason why there are no "easy answers" is that WE MUST be able to feed 6+ billion people AND affect the buildout of an alternative energy infrastructure WHILE there is sufficient petro-energy supplies AND accessible raw materials to do.
The question is not only "can we do it" (do we have the will) but also "do we have the stuff, or can we GET the stuff to do it" as well.
The fundamental problem is that the transport, food production, and mineral extraction/processing industries TODAY, ALL have an outmoded petroleum based infrastructure based on widely available low cost petroleum fuel as the main energy input.
To maintain all of these area's we have to have a new infrastructure. But to have a new infrastructure, we have to make it first, but to do that we have to have the energy and raw materials necessary to make the damn thing!
That my friends is how tight a pickle we are in.
NO you miss the point! Central Planning has NEVER worked! It is a scam. The sole purpose of the scam is to enrich bureaucrats and the politicians who support them. Whenever someone starts quoting ridiculous nonsense about energy I remember all the times in the past we have been DOOMED DOOMED I tell you to run out of energy.
Oil was worthless until a man with mind decided to turn it into something useful. What you should be clamoring for is FREEDOM so that we can invent out way out of these mess. The statists INTENT is to destroy this economy...never let a crisis go unused.
I hear idiots all the time implying that energy supply can grow forever.
Tell me that you believe that exponential growth can be indefinitely sustained within a finite system.
That is IDIOTIC.
Yet that is what EVERY SINGLE PERSON who denies the concept of Peak Oil does.
At some point, net energy supply will peak. The world will have bazillions of barrels left, they just cannot be supplied at a faster rate than before.
Shit, look at it this way...there are essentially INFINITE reserves of methane on Titan. What is the MAXIMUM rate of supply of those infinite reserves that we can achieve?
THAT is an example of how peak and reserves are irrelevant to one another. What matters ONLY is how fast something can be supplied, not how much of it exists.
BTW, gold peaked in 2000 - look it up. Supply achieved a maxima in 2000 and has declined since. Helium peaked in 2002 - look it up.
The US peaked in oil in 1970. The USSR in 1989. 54/65 oil producing nations are in supply decline. I'm sure they'd LOVE to produce more next year than last but they CANNOT. That is the reality of finite and of REAL science like geology and thermodynamics, as opposed to BULLSHIT like economics.
You mfers are implying that if we just all collectively WISH hard enough, we can violate the laws of physics!
Bingo!
Adapting our food and transportation infrastructures is that much more difficult when facing a stiff headwind of contracting worldwide economic activity, precisely caused by the fact that energy is getting more difficult to acquire.
This comes into sharp focus when placed against the backdrop of our current monetary system, that requires constant growth not to implode. If we stimulated economy with energy in mind, I'd say we have a chance. Alas, the bankers are not our friends.
As Morpheus would say: Fate, it seems, isn't without a sense of irony.
Simple questions, my @$$.
I grasp the issues much more comprehesively than you think. If we are moving in a direction as fast and furious as you imply, we revert back to a global society well before it became oil-based.
That means inefficient food production and possbile global famine, perhaps resulting in a real decimation of the global population and a non-productiveness at night. So, not to belittle the point of peak oil, that's pretty gnarly stuff. We lived much of the 1800's that way... China lived most of the 1900's accordingly.
But again, this is an issue that will be knocking on our door for quite some time. Demand destruction and a fundamental change in consumption habits is underestimated, perhaps because it's been over 40 years since we've forced ourselves into a real conservation effort. But that will be a reality under a lower supply umbrella. The salient point is that economics of it will really hit home (and you might agree with this)-- the hope is that it comes sooner than you think.
And given the economics behind it, there will be a frantic push to develop alternatives and there will be an increaing reliance on substitution, especially in transportation (eg. natural gas) and in power generation (coal, nuclear). Either we get there or we don't. My bet is we get there techologically, but it will be a challenging transition.
Quite frankly, I'm much more worried about potable water supply than I am about oil.
Energy consumption habits WILL change. Just as eating habits of people in famine plagued regions change! LOL
The earth gives us as much oil as it wants, not the other way around.
Technological advances will not suffice here; we have to have a quantum leap. Nuclear power is not a solution.
OK, here's where everyone goes wrong: they CONTINUE to assert we can just build nuke plants. OK, that's HALF the problem. As oil supply declines inexorably we MUST replace not only the energy BTUs lost due to supply decline but we must also meet our GROWTH EXPECTATIONS to sustain the ponzi that is the industrial revolution!
If we can economically "exploit" the hydrogen atom? LOL. How about antigravity while we're up?
There aren't any hydrogen atoms just laying around. Unfortunately, economists don't seem to understand thermodynamics. What a bunch of jackasses
With enough nuclear power plant devoted to cracking water and extracting hydrogen, one could conceivably develop a hydrogen economy and circumvent the burning of coal and oil (and wood, I suppose). However, check out "Deep Hot Biosphere" and consider whether Peak Oil might be part of the Global Warming morass that is now being reviewed by all and sundry and their dogs.
I suspect there is far more oil, coal and gas out there than the ecologists would like to admit.
"Global Warming" is how you push through policies that deal with Peak Oil whilst not alarming the public and scaring the SHIT OUT OF THEM with how bad things could really be.
Think about it.
"Global Warming is the agenda item to push through policies to deal with Peak Oil."
Understand that, and you actually have a semblance of a grip on reality.
mmmm . . . yes . . . feel the force . . . your ally it is . . .
are you effing crazy?
Free mind? WTF is this "the Secret" bullshit?
Free minds need to go visit Cantarell.
Try driving your car across the street with your free mind powering the motor.
Does you free mind lift concrete? Can it melt steel? Does it power vehicles?
God, I hope you were being sarcastic. Wishes of man do not dictate reality. Free fucking mind ROTFL
trav777 - Great point about the currency wars. Protectionism without tariffs. Japan and China and other countries are bent on maintaining their trade advantage vs the US.
On energy, you made a clear and compelling case about EROI in another thread on Zero Hedge within the last week. I wish I could remember which thread that was where you explained the point of diminishing returns with energy. Do you recall the thread? Also, what does TF stand for?
TF=TickerForum
can't remember the thread, sorry.
EROI is easy to look up...once you understand the relationship between EROI and economic growth you will be much further along into understanding how a ponzi finally collapses
EVERY SINGLE ponzi collapses when the necessary inputs cannot be achieved from the finite system in which it operates. Every ponzi is functionally an exponential growth problem where the SYSTEM requires a doubling of inputs along a predictable growth interval. At SOME POINT, EVERY SINGLE finite system achieves headroom.
If you must grow your ponzi inputs by 10% next year (on a 7.2yr doubling interval), and there are not 10% more people to sucker into the ponzi, it collapses. Simple as that.
Dividing bacteria eventually fill up the bottle. They cannot grow more within that finite system. Exponential growth is what economic "growth" is. We expect a certain rate, which gives a certain doubling factor.
People don't seem to be able to grasp what growth means and what growth requires. Study the old parable of the indian king, the rice, and the chessboard.
Hey trav777,
If you aren't familiar with Mike Ruppert and Matt Simmons, please check them out on Youtube. They have great perspectives on peak oil. Overall, even naysayers have to agree that the world is at least BEHAVING as though fossil fuels have peaked. Ruppert will be here in San Francisco for the opening of his new film "Collapse" on the subject very soon. I hope to see him there. In any event, could you please let us know more about your sources.
--Best
Realpolyester
What you are saying makes no sense in light of the fact that infrastructure usage is down something like 30% in the past two years. There are tankers full of oil waiting for a price spike before they unload. Also, utility companies are finding out hard it is to make a buck with less utilization due to people and businesses being foreclosed upon and others who are cutting back to try and save money on bills. And yet we are still inefficiently wasting energy--BECAUSE WE CAN!
Thus, it is clear that the ponzi bubble is the problem and not some bullshit theoildrum thesis about peak this or peak that. Use your head before you speak.
Are you stupid?
I thought I was abundantly clear...we achieved a peak in terms of energy production, and against THAT realization, a future of sustained growth is impossible. The instantaneous supply/demand equation is immaterial to that.
SURE, mfer, we can grow like a dead cat bounce off this recession's bottom, STRAIGHT BACK INTO THE ENERGY SUPPLY CURVE which sits overhead. Then we end up right back where we started, unable to grow beyond that.
Tankers sitting out there full of oil...lol. Have you ANY clue what world consumption is? You'd need FORTY VLCCs loaded up to even account for one DAY of consumption. EVERY DAY.
Efficiency gains do not lead to less consumption; they don't change the picture much at all. Freakin look at consumption per capita over time if you do not believe me.
I am tired of dealing with fucking nitwits who do not have the vaguest clue about energy supply or demand and who think we can just freaking print oil or other real things, who don't understand what debt IS and what it means and how it works.
The ponzi bubble is the problem, EXACTLY...but you don't know WHY it's a problem, do you?
Why is excess debt a problem? Why can't we just fuckin GROW our way out of it? Use YOUR freakin brain
Easyyyy buddy. I fully agree with your point but no need to loose composure.
LOSE composure, ok?? The word is LOSE, not LOOSE.
Besides, I didn't LOSE composure, that's just the way I respond to patronizing comments
Thanks. I think that fits the missing link that I'm having, with the recent report of the Fed getting ready to establish a new currency, and swapping 3 old dollars for one new one.
It's at:
http://www.globalresearch.ca/index.php?context=va&aid=16313
This didn't make sense, but if the goal is to expand the dollar devaluation, then it does.
I'm not sure if this report is real or not; I don't know anything about Bob Chapman.
But he's also claiming that the FDIC is going out of business next year, in an attempt to drive everyone into Treasuries. Also, that CRE lending (what's left) is mandated to take a serious hit with much higher loan collateral.
And 2505 banks are in trouble, not the 500 that the FDIC is saying. This number is in line with Reggie's estimate here at ZH of 1300-2000.
Like I said, this sounds like Science Fiction. Can anyone comment about Bob Chapman?
"As you can see, the Illuminist program is going to come quicker than we anticipated. That in part is because they have had to expedite their program, due to exposure in the IF, other publications and especially via talk ratio and the Internet. There is no doubt we have the elitists on the run."
Bob Chapman
The International Forecaster
That about says it all to me...
Yeah, exactly. The thing is, Chapman supposedly has made some great calls.
Devaluing the dollar to a third it's present level is interesting. This would allow the U.S. to compete with Third World Nations. Of course, it would also put the U.S. there.
It would also have the "benefit" of a windfall for the States which their current bond issues.
Of course, it would screw over foreign bondholders completely. And put gas at $9 a gallon, effectively killing the economy, and making for a lot of hungry people.
It would be political suicide for the mid-term elections.
you are correct sir, deflation breaks the first rule of the ponzi...need an ever expanding capital base. tis why deflation must be stopped at all costs.
Does anybody even give a rat's ass anymore?
No.
Well, if the dollar is dethroned as the currency carry trade, then the dollar index could go up in a hurry from the dollar-short covering and deleveraging. Then whatever assets that the borrowed dollars went in would go down in price. It is not an issue now but it is best to pay attention to any further developments...
Well it's either print or buy dollars...
Or both. At the same time.
I like the last sentence (question) in your story.
I expect neither. I see the uncontrollable EURO as a flight to safety-and the EUROPEAN UNION going through a huge divorce as Ireland,Greece,Italy and Spain(the dogs of Europe)careen into depression because whatever little they make cannot be exported. The age of FIAT currency is rolling over-it will be a decade or more but FIAT is essentially dead now. Grab gold,silver,rocks,hookers,BBQ's and anything of value. It's over.
"I expect neither. I see the uncontrollable EURO as a flight to safety-and the EUROPEAN UNION going through a huge divorce as Ireland,Greece,Italy and Spain(the dogs of Europe)careen into depression because whatever little they make cannot be exported. "
cocoablini - Please review the Nullification Crisis (for a history lesson). Euro is doomed. History hath foretold.
PIGS will... maybe.... be the begining - If not, Ukraine will kick us off.
Another step on the path toward worldwide barter economies. How much can Fuld get for his rug?
Wait until central bankers are fighting over too little available gold.....
There's plenty of gold at the right price.
Priced in what? Sovereign debt promises that can only be paid at par if there's aggregate economic growth? Ink on paper?
LOL.
Gold's going to get priced in oil or wheat or people's nubile daughters and vice versa
Frsnkly,I expected that. Unless Japan wants to see the JY at parity with the dollar,making their toyotas more expensive than a Ferrari(or financing the loss of the company in prepetuity),they realy don't have a choice. Now,it is Greece,Italy,Ireland and most of the Euro zone to demand the same from the ECB, or kiss the Euro goodbey...
2 points:
It's Richard Koo, not Robert.
If the PM and BOJ Governor are meeting, all it means is that the gov't is (still) pressuring the BOJ to be more accommodative. It doesn't necessarily mean that the BOJ will play ball. The BOJ gained independence relatively recently and they take their independence much more seriously than the Fed does. You can't take it for granted that the BOJ will do what the gov't wants.
HI! TUMBLINGDICE HERE WITH A GREAT NEW WAY TO SOLVE ECONOMY!
INTRODUCING, QUANTATATIVE EASING! WHO WOULD HAVE THOUGHT THE SOLUTION WAS THIS SIMPLE: FREE MONEY! IT COMES RECOMMENDED BY EXPERTS AS BEN BERNANKE, TIMOTHY GEITHNER, JAPAN AND EVERY BANKRUPT STATE EVER! JUST APPLY QUANTATATIVE EASING TO THE OPEN GASH IN YOUR ECONOMY AND WATCH IT FESTER! FOR THE ONE TIME (permanent) PRICE OF TURNING YOUR WHOLE ECONOMY INTO A MORAL HAZARD, YOU TOO CAN ENJOY THE CONTINUED BENEFITS OF HAVING A CARTEL RUN YOUR MONETARY SYSTEM.
+1 (or, to borrow Marla's Captcha: -59 - (-60)
what r we going to end up with a american-japanese spaghetti western with dueling printing machines? I'll put my money on the japanese technology beating the ole printing presses in Washington, but anything can happen. as has been said, this will end too, babdly.
The race to the fx bottom continues unabated with the ECB fashionably late as ever.
Correct. The Japanese are flirting with upping the ante, as they are being strangled with the giant US/China pissing match. Exports to both countries must be really hurting Japan's domestic economy, and the benefits of lower import prices (i.e. oil) only go so far on a society of savers.
So it's back to QE for Japan... or it's severe deflation. Not a good choice for a country with high sovereign debt levels. Can you imagine where their sovereign CDS goes if/when QE is actually announced?
Again, I think we are entering a very dangerous phase of this global recession... and there are risk assets that are priced way too high for this.
The quandary shared by the trade weighted worlds, both raw materials and finished goods (with the intermediate & finished goods world, especially regional intermediate & finished goods producers leading at this particular juncture) outside of the Anglo-Saxon financial worlds is reaching an intermediate inflection point. I cannot but consider that these effects go hand in hand with the efforts to create asset class inflation, especially in emerging markets. As you note, some asset class valuations appear to be in mismatch given the underlying facts as they are generally understood. This, in conjunction with the rolling variations in sovereign CDS spreads presents a potentially excellent place to further my own research.
Have an interesting and profitable week Assetman.
rats asses up pre-market - but most likely sell deep into the news and become worthless again by end of week
lol
Won't work. As soon as they try to hyperinflate, interest rates will soar because no one will want to lend to the government. This will equal bankruptcy and sovereign default. But do they know that?
Well, quantitative easing did help Japanese deflation when they first tried it. Since the deflationary presssures have returned it's logical to assume they would try it again.
Yes, because lost decades really help economies grow and flourish.
It's not about grow and flourish anymore, it's about survival. Once they find the floor they can focus on growth.
wait wait wait...it get better...this is a real letter..i think the ackowledgement has come..just waiting for the plan now!
+1
These are private secrete scams that are not meant for wide public consumption. Please disreguard this knowledge and maintain these rules for only the small few they are intended for. Do you NOT know what a government is for. Do not get everyone you know to go on massive government program assaults forcing us to close these loopholes.
Check out the Japanese stock market. On the move!
If ever CB in the world prints money, then there won't be a currency crisis, right?
Time has come to encourage these assholes to do ANYTHING which will disable their ability to operate but which they already agree to in "their theories" of economics. Since hyper-inflation is well on its way, why not Japan also?
Some ideas they can consider:
[1] Help Real Estate Prices: A FED funds rate of -10% on banks which agree to grant -5% mortgages for 30 years. A "consumer" if they borrow NINJA style $10 million for a home will now be a millionare and have to pay taxes on their $1 million annual "mortgage interest income." Also will "help" the banks as they will also "earn" $1 million on the mortgage. Don't worry, the FED will just print it all.
[2] Free Gold For Everyone: The Treasury will issue claims on its [non-existant] gold stock to each citizen in the amount of $1 million which will serve as collateral for any loan by law. These can be traded on the COMEX for zero margin but only at prices which equal the price of actual physical gold which is trading only in China now.
[.....]
I'll stop with these two, but a can think of a million more easily.
Wow, that is right there with the "not raising pigs" idea. You can't run an economy backwards any more than you can run time backwards.
and when I want to print money, "they" say it's no legal...
go figure...
Which company makes currency printing machines ?. Want to buy some shares
This makes me feel dizzy... What's to stop every central banker in the world from deflating the currencies in a mad race?
I can't think of a reason. Just maybe if Bernanke gets publicly and summarily... (You know what).
On a side note, why this had to happen precisely to my generation? Some of us are supporting parents who went bankrupt after years of spending as much as they wanted... It is not like "the grandsons of the grandsons will pay".
Looks like gen X gets phuked everyway.
Next step: get rounded up by me-me-gen Y into FEMA camps.
Being no expert in economics Mugabe fired up the printing presses in Zimbabwe and created a hyperinflation monster. Barter become the order of the order of the day.
"Peak Intelligence"
"Global Dimming"
*burts into tears*
:~~~(
Glad I have some tradeable skills, who will want to be paid in worthless pieces of paper.
All ... senior ... citizens ... should ... be ... on ... currency ... alert!
LOL
All senior citizens should order the Rascal CartTM. The rascal cart TM is a motorized wheelbarrow useful for carting around heavy loads of cash. Order today and regain your fed dependance. Be able to go shopping for cat food, watch movies with your grandkids or just play in the park.
"Do not sell lemonaide in the park." Only duly authorized corporate entities are allowed to sell lemonade in the park.