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Presenting America's "Fresh Start" Currency
Obviously after its default, America will need to issue a "fresh start" currency to go with its "fresh start" balance sheet and "non-fresh start" group of thugs robbing this country's middle class blind de novo. Below we present the running contender for such "new currency" courtesy of William Banzai.
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Pfft, you can't eat bananas. Oh, nm.
Good morning ZH.
Bananabucks for monkeys. I guess there could be a large swath of people that value bananas...
Was that racist?
Edit: OH NOW I GET BANANA REPUBLIC..... Its when a republic is ran by a monkeys that like bananas.
It's too optomistic to assume a piece of US linen will be able to purchase one complete banana - perhaps the peel!
God Bless Amerika:
Police beat and taser 'gentle' mentally-ill homeless man Kelly Thomas, 37 to deathThis Banana Buck needs to be printed on HEMP! Watch its value SOAR!
When you get cleaned out of all of your assets, you can roll and smoke them! Then they have to print more, because the supply is burning up!
Continue the Bread & Circus! QEx to INFINITY as America blows its freaking collective mind!
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
One bernanke, two bernanke, three bernanke, four.
Four bernankes make a bunch and so do many more.
Over hill and highway the bernanke buggies go
Comin' on to bring you The bernanke Splits Show.
Makin up a mess of fun
Makin up a mess of fun
Lot's of fun for everyone.
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
Four bernanke, three bernanke, two bernanke, one.
All bernankes phaying in the bright warm sun.
Flippin like a pancake, poppin like a cork
FreeGold, Amero, SDR and Borked.
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
Tra ha ha, ha ha ha ha.
"Pfft, you can't eat bananas."
oh but you can...hit me up after a good plate of waffles some Sunday
Forget about eating... Dumping them from helicopters would be fun!
ABC
lol @ zodiac timmah.
lol
One dollar will only buy you a gumball by then. Cost of printing the dollar will cost more than what the dollar will buy. Should have made it a $10,000 bill.
Bet you can't eat print just one.
With all the gold and silver bugs here at Zerohedge, why don't we issue our own "Hedgie" backed by precious metals, with Tyler on the 1 unit and Maria on the 10? Do we have enough pull in FX markets to get this idea off the ground? We could give Bitcoin a run for their money, and I would just love to see a few hundred Zerohedgers brought to court on "counterfeiting" charges.
Hasten the Collapse, OBAMA 2012
Actually we need to charter a credit union that keeps reserves in American Eagles which are legal tender, so just like keeping cash in the vault. It only takes about 3-5k depositors to start one and is run as a co-op.
It only takes about 100 to start a credit union.
How about starting a gold and silver backed credit union in TX for Zerohedgers? We should be able to get a nice, small shut down branch bank building with a good sized safe and safe deposit boxes fairly cheap in some small Texas town. If Ron Paul doesn't win the primary, we could see if he would be Chairman of the ZCU (Zerohedge Credit Union).
A federal charter would open up to all liberty minded states, ID, MT, WY, NH along with TX. Then there is always online banking.
10 steps to starting a CU:
http://www.bankrate.com/brm/news/cu/20000301a.asp
I looked into it, but figuring out how to structure a non-traditional CU is beyond my paygrade.
This whole article gets a thumbs down in my book. Obviously written by some homegrown terrorists.
We're watching for this Bonzi character.
-1 4u.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
damn you william banzai
there will be no default !!
(and even if there were it would be transitory)
now cut out all this monkey business and eat your peas !
Errr, eat your bananas!
Nice. Aug. 2 2011
If this is the new currency.... The top 0.1% of the wealthy will be:
1. Donkey Kong & Donkey Kong Jr.
2. King Kong
3. The monkey from Super Monkey Ball
4. Clyde (of Any which way but loose fame)
5. That monkey that ripped that womans face off
;-)
I regret I have but one +1 to give for your comment.
What about:
Planet of the Apes?
Nah they had their own currency.... Humans ;-)
Why are you insulting Chiquita? What have they ever done to you? For lord's sake, the banana at least has some value...
one banana, two banana, three banana, four.... (millions, that is)
Come, Mr. Tally Mon, tally me banana
(Daylight come and he wan' go home)
Come, Mr. Tally Mon, tally me banana
(Daylight come and he wan' go home)
Come, Mr. Tally Mon, tally me banana
(Daylight come and he wan' go home)
Come, Mr. Tally Mon, tally me banana
(Daylight come and he wan' go home)
RGR up 26 % today. Come to your own conclusions.
Banzai... great post...
Banana backed currency... No one could make the assumption that it is a store of value...
I would add a 'use by date' and perhaps a bar code... but it's fine as is
Does the USA grow enough bananas to back this fiat? I vote for an Ipad to replace the Pyramid on the back, just in case.
"In Steve we Trust"
Kardashian's ass should replace the eagle.
It's definitely big enough to back most any currency.
sponsored by United Fruit Company
Oh yes we have no Bananas
We have no Bananas today
Fear not. A flotilla of cargo ships is currently steaming toward our shores, laden with fresh produce from the plantation of Ben Banananke.
No safe haven in GG and AEM today.
Ratio Traders are having a field day once again, as the GDX/GLD ratio is now plunging back to 2011 lows.
"Damn, I should have bought GMCR and AAPL instead!!!"
Does your Mom know you've escaped from juvie again, and are watching financial porn on the Xbox in the basement?
Fuck, Robot, you are SO predictable: I KNEW you would mention GMCR in your first post today. Have some coffee with your bananas.
Looks like a recovery to me too. Gold's all the way down to 1607. and the dollar's all the way up to 74.44.
Whew, that was close.
I've noticed something about you Robo....
YOU'RE STILL HERE!
Hopefully it will be printed on a much thicker, softer linen in order to safeguard its future usefulness.
If you see the blue sticker
Then you know it tastes better!...
<everybody now...>
I am printing mine up now! "They call it Mellow Yellow"!
That's right.
I see the FED tightening once the big banks are properly positioned for profit. This will really upset the federal government since interest rates will rise. Thanks to all the FED bashing, Obama will anounce a new temperary "treasury issued note"; call it a greenback if you want. Used only for special transactions of course. But will spread to common use. Due to the lack of restraint of the treasury, they will print a boat load. Inflation will go rampant (after Obama is out). Currency reform will happen with the FED promising some sort of gold exhange on FED reserve notes only. This will kill the new greenback.
Just read US currency history in 1800's-1900's foresee the coming events.
their first obligation should be to protect the hard currency in circulation, and the best way to do that would be to set an exchange rate between real currency and notional, investment, and credit based paper. at that rate you could always see how real the economic growth you were reporting was. since there is very little real currency this shouldn't be a problem. oh and one more thing, take away their printing press.
WB7, does the yellow border represent cowardice?
Easier to see in the dark ;-)
Just use Tepco brand radioactive ink! Lights up your life in a whole new way!
It's the right colour for the Amerikan people then
Daylight come and me want go home.
One thing you can say about banana republics;
They actually HAVE bananas.
pods
a Banana currency for a Banana Republic.
Makes sense.
It's good it see that the owl is still intact.
Thanks for posting this Tyler. I fired up my printing press so I can be way ahead of the curve. Do you have any bigger denominations yet?
banana republic?
I guess the mentally ill homeless guy tazed and beaten to death in Fullerton a couple of weeks ago might have wanted the chance to weigh in on this topic
you can watch him die here:
http://www.youtube.com/watch?v=1ljYNgLnpxM
Do not resist.
Comply. Obey. Respect.
.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
Obviously US not going to default. Period. Only
because Congressman summer vacation starts in 1 week.
Watch last minute Obama came out with 14 amendment and
state that Credit Limit is unconstitutional.
And that
will end it, right there.
The only Debt Limit, should be Market itself.
Ones nobody wants your paper, that's your limit.
I dont see that happing. The reason is the debt limit law is a pure political tool. Like you said the real limit is established by the market. Since it is a political tool, it will be exploited as much as possible. If they choose to go past Aug 2, watch Obama announce he is cutting expenditures by executive order on things he sees fit. He will cut the items which hurt republicans.
Is It New Banana Dollar? Good? very good!! Bangster is favor of this $!
After more muddled thought... instead of a banana backed currency why not simply use bananas?
The Bernank was toying with the idea of 'time dated currency' that would have to be spent by it's expiration date or become useless...
A banana currency would accomplish Bernank's plan with no regulation. Only those wanting to make banana pudding would accept rotten bananas for real goods/services...
we have no bananas today
water soluble, heh
People in Fl, and other banana growing climes, become wealthy overnight!
Money growing on the banana trees in their yards...
Bananas! The new US currency! What could possibly go wrong?
panama banana disease?
Remember the $110 Billion in new USD100 hi-tech notes...that got "glitched" and are in vault storage.
The time may be approaching to issue them.
and how convenient... http://www.newmoney.gov/currency/100.htm they have an inkwell prominently displayed.
Can you make this shit up? No, you couldn't.
always thought there was something very fishy with that whole glitch story.
At least it has a golden colour.
Zodiak Timmah was a great touch
It's the yellow money you can eat!
.
Remember "Deficits don't matter?" ...hehe what's Cheney saying now I wonder?
what china & japan will do , if US default
Unfortunately the Half-Life of bananas, as the Half-Life of fiat currency is very low
as expected...signed by Bernank and Timmah
Perhaps we could call this new currency the "wazoo." That way when either Geithner or the Bernank are asked how things are going they can honestly answer: "we're printing out the wazoo."
The success will greatly depend on whether it is backed by hard or soft bananas.
Gold and Silver are poised for a precarious plunge. After the Sprott purchase demand seems to have ebbed.
Lets see what develops but short the paper here boys.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
May it dip, please! I'm ready to buy. haha
If you ask those people who bought Gold or Silver, they are not going to sell it. This is saving. not investment not for profit. This is some thing for their next generation.
We get closer every month. Just a matter of time.
The water soluble part is thoughtfull. I shall reserve my judgement on how well it absorbs liquids. Ladies, we now have a paper backed currency.
We spent 30 years "Proving" deficits don't matter....
Nice little experiment foisted on the unsuspecting public. Made a lot of insiders rich beyond their wildest dreams. Now wer're left with the aftermath and the cleanup.
And it's already costing this country plenty
Have you decided who's going on the reverse side of each denomination?
Could we have one of Jamie Dimon with a banana rammed up his arse.
Actually he'd probably like that.
So they can grow a banana in D.C. garden.
Where has all the junk gone that we bought from China and elsewhere with Trillions and Trillions and Trillions printed and spent? Are you better off today than you were before the money printing went bonkers?
Love "Zodiac Timmah" makes me chuckle everytime.
Let's face it! Tyranny has found a home in America.
If the Dictator in Chief, the Propaganda President, doesn't see it, then it is certain. He is the manifestation of modern-day tyranny!
I like banzai's better.
God save me! Its been 10 min and I'm still laughing my ass off!
A requirement to be a Banana Republic is that you have to grow and export bananas. The United States does not even rank in the top 50 countries in the world in banana production. We are beat out by thriving economies such as Zimbabwe, Guinea, Malawi and Yemen. Perhaps we should put a screen shot of a CMBS certificate on the new dollar. That's our most famous export.
http://www.nationmaster.com/graph/agr_ban_pro-agriculture-banana-production
Shouldn't it read 'ONE BANANKE'
I'm calling it the Banero.
I just love this default talk. OK by the numbers:
1) US takes in tax receipts of app. 180b/mo.
2) US debt service is app. 35b/mo.
What am I missing?
Looks to me like a prioritization issue. And that is Turbo Tax Timmy's problem.
What are you missing?
Fear = Fun. My motto. Learn it, live it.
.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
What you are missing is that debt service costs are going to rise to 140b/month in the next 10 years, while revenue is likely to remain stagnant (source: Market-ticker.org)
Outcome of Reganomics: We spent trillions building up China's economy. And now they hold billions of our IOUs.
United States Note
John F Kennedy Executive Order 11110 (Slay the Creature from Jekyll order)
http://www.john-f-kennedy.net/thefederalreserve.htm
We need a return to Bi-Metalic currency - both gold and silver. But in this day in age, coining new silver currency would not be needed. Simply create new notes, or back the existing one's with gold and silver. This would solve more problems than your average "economist" would have predicted, providing that the price of Gold and Silver, when the announcement is made, are about $5,000 and $300 respectively.
And yes, I am using a 16 to 1 ratio here...
You can't have a bimetallic currency system with fixed exchange ratios. Maybe I misunderstood you - if you're saying we start with a 16:1 and let the ratio float, then that's fine. Now, once you have a sound currency, you're still going to have credit bubbles unless you restrict fractional exchange banking. So it's really a 2-part problem.
Partially agree. The problem is that as long as you denominate the silver and gold coins, you have a fixed ratio. Lets say you value silver at $300oz and gold at $5k oz. a 1/10th oz silver would be $30 and a gram of gold $150. So you mint coins with 1gr of gold (perhaps a small disc in the nickel coin) and denominate them $150 and mint 1gr silvers and denominate them $1. How do you let the ratio float? It could not.
The only way to let the ratio float would be to denominate the coins not by value but by content. So you would eliminate the US dollar and introduce a new currency denominated in grams of silver and grams of gold. So your morning mocha fukuchino latte would cost 5 grams of silver, while a used car would cost you 70 grams of gold. Difficult to change the culture to accept the transition and impossible to get banksters to play along.
If the Obambi administration had any brains (they don't) this is how they would bypass the debt ceiling. The President could wait until August 14th, right before the interest payments are due, and give a prime time speech where he announces that in order to restore the function of the Federal Government and preserve the good faith and credit of the US currency, he is issuing an executive order to the the Treasury to issue US Treasury Notes. After all, the law prevents him from borrowing not from printing. Sadly, the notes would be backed by the same thing that backs Fed notes... nothing.
This would result on his assassination by the banksters. He wanted to emulate his hero, JFK, no better way to do it.
Bananas, Bitchez!
Or, the hapless idiots in charge of this cherade could luck out and get it right.
Are those notes redeemable in bananas or have they already gone off the banana standard?
What do you propose should be done in this utter mess of global corruption and confusion?
Truthfully, we have to purge the whole system. The pipes are too full of all kinds of shit.
That sounds as the light at the end of a sewage cannal, as usual.
But what does that mean in practice? Absolutelly everything (along with people's minds) is tightly tied together (and is still kept to incredible depth and breadth) in a huge snow ball of whose proportions ordinary people are not even aware of.
What exactly is meant by "purge the whole system" in this case? Is anyone aware of possible proportions? Or is this all loosely fabricated in order to keep us on a leash? (A few rhetorical questions I wish someone knew an answer to.)
Or, if by PTHS we mean merely turning another page in current economy (with preservation of its fundamentals) would improve anything and not just postpone even more catastrophic unwinding...
It's not much better in Europe:
http://www.businessinsider.com/bankia-real-madird-ronaldo-2011-7
If adopted I assume we will be invading Guatamala to corner the 'nana market and to keep counter fitters at bay?
And the currency will be informally called the "yellowback" replacing the greenback?
speaking of banana republics, just a little something to brighten your day...
In Homestead, Florida, Posse Comitatus is dead. The Air Force now responds to civilian crime in the small city, population around 30,000.
Military “crime stoppers” violate Posse Comitatus in Florida. Photo from Homestead ARB website.“Here at Homestead Air Reserve Base we have the Crime Stop hotline that allows anyone either on base or off the installation to anonymously report a crime,” explains the Homestead Air Reserve Base website. “If you know of a crime that has been committed, if you see a crime in progress, or if you see a suspicious person, vehicle, or situation that makes you feel a crime may be occurring, call the Security Forces Crime Stop Hotline…”
On July 15, military police – known as Security Forces patrolmen – detained a criminal suspect at a Circle K in until Miami-Dade police arrived.
“Crime prevention is everyone’s responsibility, the better informed we are the safer we can make the installation and the surrounding community,” said t. Juan Lemus, Security Forces Police Services Chief.
...apparently we don't just need a police state, we need a militarized one.
A MUSHROOM CLOUD WOULD HAVE BEEN BETTER.
It's just amazing that all of GW's revelations have actually underscored the true Fukushima problem, and the huge spike in infant mortality in W. Canada and NW US is totally unreported.
at least the currency is backed by something, even if it is a banana
'FEDERAL RESERVE FRUIT' would have sounded better, but then folks would expect the Bernanke's image on it.
So, they're gonna back the currency with bananas? Well, atleast it's a start....
I'll take a currency backed by bananas over one based on the full faith and credit of a Kleptocracy.
I support your Idea. If you wrap a dollar bill around a banana, what ever happens to the dollar bill atleast it will be worth one banana.
This Banana Buck needs to be printed on HEMP! Watch its value SOAR!
When you get cleaned out of all of your assets, you can roll and smoke them! Then they have to print more, because the supply is burning up!
Continue the Bread & Circus! QEx to INFINITY as America blows its freaking collective mind!
Reminds me of Irwin Schiff's "how an economy grows, and why it doesn't". The local currency is fish, and the politicians eventually replace the fish currency with paper, which eventually leads to wreckless money printing. I guess the moral of the story is we will be eating rotten bananas soon? :)
WAIT! What happened to the BUSH BUCK?
DUBLED National Debt 2000-2008 with that insane FREE LUNCH HAPPY MEAL!
...Tax Spending Creates Magic Tax Income So Its All FREE! Whoopee!
nice WB. Back of bill should say "IN CRONYISM WE TRUST" with a picture of americans tied up with chains of worthless money-i.e debt slaves.
Quoting Wikipedia:
Hmm, banks receiving bailouts from publc coffers (debts are public responsibility) and keeping all profits. Car manufacturers getting bailed out with public funds and the corporation stock been transferred to labor unions. The Bernank monetizing all debt (reduction of the national currency to devalued paper money)... By Gum!! we are a Banana Republic!!
bananas
are not money....
yet..
Further:
Considering the assume change and fresh start philosophy the name "Dollar" is thought to be out of step with the times. So, inspired by POTUS 0's fight to defend the Constitution and protect the Citizens from predatory banksters, new bolder names like Shill - ing and Rube - al are thought to project a more contemporary feel.
See: Zero Hedge Debuts America's "Fresh Start" Currency
Thanks for the excellent lead into the: Not So Funny Papers.
Bananas. 30,000 pounds, bitchez.
http://www.youtube.com/watch?v=ODMye94wMfk
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