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Presenting America's "Fresh Start" Currency

Tyler Durden's picture




 

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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Thu, 07/28/2011 - 10:11 | 1500919 redpill
redpill's picture

Pfft, you can't eat bananas.  Oh, nm.

Good morning ZH.

Thu, 07/28/2011 - 10:23 | 1500977 TheTmfreak
TheTmfreak's picture

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.

Thu, 07/28/2011 - 10:46 | 1501096 Pladizow
Pladizow's picture

It's too optomistic to assume a piece of US linen will be able to purchase one complete banana - perhaps the peel!

Thu, 07/28/2011 - 11:59 | 1501305 augmister
augmister's picture

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!

Thu, 07/28/2011 - 11:17 | 1501170 Transitory Disi...
Transitory Disinflation's picture

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.

Thu, 07/28/2011 - 11:14 | 1501171 Bananamerican
Bananamerican's picture

"Pfft, you can't eat bananas."

oh but you can...hit me up after a good plate of waffles some Sunday

Thu, 07/28/2011 - 11:23 | 1501197 ABCStore
ABCStore's picture

Forget about eating... Dumping them from helicopters would be fun!

ABC

Thu, 07/28/2011 - 10:12 | 1500932 knavechild
knavechild's picture

lol @ zodiac timmah.

Thu, 07/28/2011 - 10:39 | 1501067 tekhneek
tekhneek's picture

lol

Thu, 07/28/2011 - 10:14 | 1500938 Mugatu
Mugatu's picture

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.

Thu, 07/28/2011 - 10:43 | 1501087 Cognitive Dissonance
Cognitive Dissonance's picture

Bet you can't eat print just one.

Thu, 07/28/2011 - 11:28 | 1501212 FEDbuster
FEDbuster's picture

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

Thu, 07/28/2011 - 11:51 | 1501287 squidward
squidward's picture

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.

Thu, 07/28/2011 - 14:33 | 1501778 cannonball
cannonball's picture

It only takes about 100 to start a credit union. 

Thu, 07/28/2011 - 17:18 | 1502331 FEDbuster
FEDbuster's picture

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).

Thu, 07/28/2011 - 21:08 | 1502938 squidward
squidward's picture

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.

Thu, 07/28/2011 - 10:17 | 1500941 TSA Thug
TSA Thug's picture

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

Thu, 07/28/2011 - 10:37 | 1501025 depression
depression's picture

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 !

 

Thu, 07/28/2011 - 14:55 | 1501854 toady
toady's picture

Errr, eat your bananas!

Thu, 07/28/2011 - 10:13 | 1500942 Temporalist
Temporalist's picture

Nice.  Aug. 2 2011

Thu, 07/28/2011 - 10:14 | 1500947 Dreadker
Dreadker's picture

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

 

;-)

Thu, 07/28/2011 - 10:21 | 1500974 fuu
fuu's picture

I regret I have but one +1 to give for your comment.

Thu, 07/28/2011 - 10:27 | 1501002 slaughterer
slaughterer's picture

What about:

Planet of the Apes?

Thu, 07/28/2011 - 10:32 | 1501029 Dreadker
Dreadker's picture

Nah they had their own currency.... Humans ;-)

Thu, 07/28/2011 - 10:15 | 1500950 Misean
Misean's picture

Why are you insulting Chiquita? What have they ever done to you? For lord's sake, the banana at least has some value...

Thu, 07/28/2011 - 10:15 | 1500951 lettuce
lettuce's picture

one banana, two banana, three banana, four.... (millions, that is)

Thu, 07/28/2011 - 10:16 | 1500954 swissinv
swissinv's picture

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)

Thu, 07/28/2011 - 10:16 | 1500957 swissinv
swissinv's picture

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)

Thu, 07/28/2011 - 10:16 | 1500958 Careless Whisper
Careless Whisper's picture

RGR up 26 % today.   Come to your own conclusions.

 

Thu, 07/28/2011 - 10:16 | 1500959 Snidley Whipsnae
Snidley Whipsnae's picture

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

Thu, 07/28/2011 - 10:55 | 1501018 slaughterer
slaughterer's picture

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"

Thu, 07/28/2011 - 11:59 | 1501309 V in PA
V in PA's picture

Kardashian's ass should replace the eagle.

Thu, 07/28/2011 - 12:46 | 1501471 Blano
Blano's picture

It's definitely big enough to back most any currency.

Thu, 07/28/2011 - 10:17 | 1500960 fishface
fishface's picture

sponsored by United Fruit Company

 

 

Oh yes we have no Bananas

We have no Bananas today

Thu, 07/28/2011 - 10:44 | 1501091 TheFourthStooge-ing
TheFourthStooge-ing's picture

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.

 

Thu, 07/28/2011 - 10:17 | 1500961 RobotTrader
RobotTrader's picture

 

 

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!!!"

Thu, 07/28/2011 - 10:34 | 1501041 espirit
espirit's picture

Does your Mom know you've escaped from juvie again, and are watching financial porn on the Xbox in the basement?

Thu, 07/28/2011 - 10:49 | 1501109 slaughterer
slaughterer's picture

Fuck, Robot, you are SO predictable:  I KNEW you would mention GMCR in your first post today.  Have some coffee with your bananas. 

Thu, 07/28/2011 - 10:58 | 1501133 Boxed Merlot
Boxed Merlot's picture

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.

Thu, 07/28/2011 - 11:27 | 1501210 Sudden Debt
Sudden Debt's picture

 

 

I've noticed something about you Robo....

YOU'RE STILL HERE!

Thu, 07/28/2011 - 10:17 | 1500962 Pay Day Today
Pay Day Today's picture

Hopefully it will be printed on a much thicker, softer linen in order to safeguard its future usefulness.

Thu, 07/28/2011 - 10:17 | 1500963 Mercury
Mercury's picture

If you see the blue sticker

Then you know it tastes better!...

 

<everybody now...>

Thu, 07/28/2011 - 10:20 | 1500973 MrBinkeyWhat
MrBinkeyWhat's picture

I am printing mine up now! "They call it Mellow Yellow"!

Thu, 07/28/2011 - 11:41 | 1501244 Debt-Penitent
Debt-Penitent's picture

That's right.

Thu, 07/28/2011 - 10:21 | 1500978 Dr. No
Dr. No's picture

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.

Thu, 07/28/2011 - 11:46 | 1501267 the grateful un...
the grateful unemployed's picture

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.

Thu, 07/28/2011 - 10:21 | 1500979 Wakanda
Wakanda's picture

WB7, does the yellow border represent cowardice?

Thu, 07/28/2011 - 10:32 | 1501022 williambanzai7
williambanzai7's picture

Easier to see in the dark ;-)

Thu, 07/28/2011 - 10:34 | 1501045 Wakanda
Wakanda's picture

Just use Tepco brand radioactive ink!  Lights up your life in a whole new way!

Thu, 07/28/2011 - 11:32 | 1501220 Abitdodgie
Abitdodgie's picture

It's the right colour for the Amerikan people then 

Thu, 07/28/2011 - 10:22 | 1500983 pods
pods's picture

Daylight come and me want go home.

One thing you can say about banana republics;
They actually HAVE bananas.

pods 

Thu, 07/28/2011 - 10:23 | 1500984 holdbuysell
holdbuysell's picture

a Banana currency for a Banana Republic.

Makes sense.

Thu, 07/28/2011 - 10:24 | 1500987 metastar
metastar's picture

It's good it see that the owl is still intact.

Thu, 07/28/2011 - 10:25 | 1500990 ImNotARobot
ImNotARobot's picture

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? 

Thu, 07/28/2011 - 10:33 | 1500995 wang (not verified)
wang's picture

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

Thu, 07/28/2011 - 10:39 | 1501068 TSA Thug
TSA Thug's picture

Do not resist.

Comply. Obey. Respect.

.

--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA

Thu, 07/28/2011 - 10:26 | 1500996 MoneyWise
MoneyWise's picture

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.

Thu, 07/28/2011 - 10:37 | 1501060 Dr. No
Dr. No's picture

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.

Thu, 07/28/2011 - 10:27 | 1500998 spydell-lj
spydell-lj's picture

Is It New Banana Dollar? Good? very good!! Bangster is favor of this $!

Thu, 07/28/2011 - 10:27 | 1500999 Snidley Whipsnae
Snidley Whipsnae's picture

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...

 

Thu, 07/28/2011 - 10:30 | 1501017 caerus
caerus's picture

we have no bananas today

Thu, 07/28/2011 - 10:27 | 1501004 buzzsaw99
buzzsaw99's picture

water soluble, heh

Thu, 07/28/2011 - 10:32 | 1501034 Snidley Whipsnae
Snidley Whipsnae's picture

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?

Thu, 07/28/2011 - 11:11 | 1501163 buzzsaw99
buzzsaw99's picture

panama banana disease?

Thu, 07/28/2011 - 10:27 | 1501006 ViewfromUnderth...
ViewfromUndertheBridge's picture

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.

Thu, 07/28/2011 - 11:24 | 1501204 tip e. canoe
tip e. canoe's picture

always thought there was something very fishy with that whole glitch story.

Thu, 07/28/2011 - 10:29 | 1501011 Long-John-Silver
Long-John-Silver's picture

At least it has a golden colour.

Thu, 07/28/2011 - 10:29 | 1501013 Global Hunter
Global Hunter's picture

Zodiak Timmah was a great touch

Thu, 07/28/2011 - 10:30 | 1501015 Silver Dreamer
Silver Dreamer's picture

It's the yellow money you can eat!

Mon, 09/05/2011 - 06:45 | 1501016 Paper CRUSHer
Paper CRUSHer's picture

.

Thu, 07/28/2011 - 10:31 | 1501024 Caviar Emptor
Caviar Emptor's picture

Remember "Deficits don't matter?" ...hehe what's Cheney saying now I wonder? 

Thu, 07/28/2011 - 10:32 | 1501032 oa92000
oa92000's picture

what china & japan will do , if US default

Thu, 07/28/2011 - 10:33 | 1501035 fishface
fishface's picture

Unfortunately the Half-Life of bananas, as the Half-Life of fiat currency is very low

 

as expected...signed by Bernank and Timmah

Thu, 07/28/2011 - 10:35 | 1501037 Vincent Vega
Vincent Vega's picture

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."

Thu, 07/28/2011 - 10:37 | 1501039 Zero Debt
Zero Debt's picture

The success will greatly depend on whether it is backed by hard or soft bananas.

Thu, 07/28/2011 - 10:34 | 1501042 TSA Thug
TSA Thug's picture

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

Thu, 07/28/2011 - 10:41 | 1501079 Silver Dreamer
Silver Dreamer's picture

May it dip, please!  I'm ready to buy.  haha

Thu, 07/28/2011 - 13:34 | 1501605 zerozulu
zerozulu's picture

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.

Thu, 07/28/2011 - 10:34 | 1501044 monopoly
monopoly's picture

We get closer every month. Just a matter of time.

Thu, 07/28/2011 - 10:37 | 1501047 Vinny
Vinny's picture

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.

Thu, 07/28/2011 - 10:36 | 1501048 Caviar Emptor
Caviar Emptor's picture

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

Thu, 07/28/2011 - 10:36 | 1501050 jmcadg
jmcadg's picture

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.

Thu, 07/28/2011 - 10:37 | 1501061 hunglow
hunglow's picture

So they can grow a banana in D.C. garden.

Thu, 07/28/2011 - 10:39 | 1501066 Caviar Emptor
Caviar Emptor's picture

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? 

Thu, 07/28/2011 - 10:39 | 1501069 bania
bania's picture

Love "Zodiac Timmah" makes me chuckle everytime.

Thu, 07/28/2011 - 10:40 | 1501070 sbenard
sbenard's picture

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!

Thu, 07/28/2011 - 10:40 | 1501071 Dr. Engali
Dr. Engali's picture

I like banzai's better.

Thu, 07/28/2011 - 10:40 | 1501075 vamsy
vamsy's picture

God save me! Its been 10 min and I'm still laughing my ass off!

Thu, 07/28/2011 - 10:40 | 1501077 Beatscape
Beatscape's picture

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

 

Thu, 07/28/2011 - 10:41 | 1501078 MobBarley
MobBarley's picture

Shouldn't it read 'ONE BANANKE'

 

 

Thu, 07/28/2011 - 14:55 | 1501856 Fox Moulder
Fox Moulder's picture

I'm calling it the Banero.

Thu, 07/28/2011 - 10:44 | 1501089 Peter K
Peter K's picture

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.

Thu, 07/28/2011 - 10:56 | 1501125 TSA Thug
TSA Thug's picture

What are you missing?

Fear = Fun. My motto. Learn it, live it.

.

--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA

Thu, 07/28/2011 - 12:15 | 1501355 Thisson
Thisson's picture

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)

Thu, 07/28/2011 - 10:45 | 1501093 Caviar Emptor
Caviar Emptor's picture

Outcome of Reganomics: We spent trillions building up China's economy. And now they hold billions of our IOUs. 

Thu, 07/28/2011 - 11:02 | 1501117 baby_BLYTHE
baby_BLYTHE's picture

United States Note

John F Kennedy Executive Order 11110 (Slay the Creature from Jekyll order)

Executive Order 11110

AMENDMENT OF EXECUTIVE ORDER NO. 10289 AS AMENDED, RELATING TO THE PERFORMANCE OF CERTAIN FUNCTIONS AFFECTING THE DEPARTMENT OF THE TREASURY. By virtue of the authority vested in me by section 301 of title 3 of the United States Code, it is ordered as follows:

SECTION 1. Executive Order No. 10289 of September 19, 1951, as amended, is hereby further amended - (a) By adding at the end of paragraph 1 thereof the following subparagraph (j): "(j) The authority vested in the President by paragraph (b) of section 43 of the Act of May 12, 1933, as amended (31 U.S.C. 821 (b)), to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury not then held for redemption of any outstanding silver certificates, to prescribe the denominations of such silver certificates, and to coin standard silver dollars and subsidiary silver currency for their redemption," and (b) By revoking subparagraphs (b) and (c) of paragraph 2 thereof. SECTION 2. The amendment made by this Order shall not affect any act done, or any right accruing or accrued or any suit or proceeding had or commenced in any civil or criminal cause prior to the date of this Order but all such liabilities shall continue and may be enforced as if said amendments had not been made.

 

http://www.john-f-kennedy.net/thefederalreserve.htm

Thu, 07/28/2011 - 11:45 | 1501264 CTgoldcoast
CTgoldcoast's picture

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...

Thu, 07/28/2011 - 12:18 | 1501367 Thisson
Thisson's picture

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.

Thu, 07/28/2011 - 13:31 | 1501601 goldsaver
goldsaver's picture

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.

Thu, 07/28/2011 - 13:17 | 1501556 goldsaver
goldsaver's picture

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.

Thu, 07/28/2011 - 10:56 | 1501124 Animal Cracker
Animal Cracker's picture

Bananas, Bitchez!

Thu, 07/28/2011 - 10:57 | 1501127 DavosSherman
DavosSherman's picture

Or, the hapless idiots in charge of this cherade could luck out and get it right.

Thu, 07/28/2011 - 10:59 | 1501138 Placerville
Placerville's picture

Are those notes redeemable in bananas or have they already gone off the banana standard?

Thu, 07/28/2011 - 11:02 | 1501147 Goatboy
Goatboy's picture

What do you propose should be done in this utter mess of global corruption and confusion?

Thu, 07/28/2011 - 11:21 | 1501194 williambanzai7
williambanzai7's picture

Truthfully, we have to purge the whole system. The pipes are too full of all kinds of shit.

Thu, 07/28/2011 - 11:49 | 1501278 Goatboy
Goatboy's picture

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...  

Thu, 07/28/2011 - 11:08 | 1501159 LukeWorm
Thu, 07/28/2011 - 11:09 | 1501161 Whatta
Whatta's picture

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?

Thu, 07/28/2011 - 11:17 | 1501178 marcusfenix
marcusfenix's picture

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.

Thu, 07/28/2011 - 11:20 | 1501187 apberusdisvet
apberusdisvet's picture

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.

Thu, 07/28/2011 - 11:41 | 1501242 the grateful un...
the grateful unemployed's picture

at least the currency is backed by something, even if it is a banana

Thu, 07/28/2011 - 11:46 | 1501269 Fate
Fate's picture

'FEDERAL RESERVE FRUIT' would have sounded better, but then folks would expect the Bernanke's image on it.

Thu, 07/28/2011 - 11:51 | 1501286 Matrix R Us
Matrix R Us's picture

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.

Thu, 07/28/2011 - 13:19 | 1501564 zerozulu
zerozulu's picture

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.

Thu, 07/28/2011 - 11:57 | 1501300 augmister
augmister's picture

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!

Thu, 07/28/2011 - 12:04 | 1501321 Central Bankster
Central Bankster's picture

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?  :)

Thu, 07/28/2011 - 12:28 | 1501411 Republi-Ken
Republi-Ken's picture

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! 

Thu, 07/28/2011 - 12:39 | 1501442 aerial view
aerial view's picture

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.

Thu, 07/28/2011 - 13:05 | 1501521 goldsaver
goldsaver's picture

Quoting Wikipedia:

A banana republic is a commercial enterprise for profit by collusion between the State and favoured monopolies, whereby the profits derived from private exploitation of public lands is private property, and the debts incurred are public responsibility. Such an imbalanced economy reduces the national currency to devalued paper-money, hence, the country is ineligible for international development credit and remains limited by the uneven economic development of town and country

 

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!!

 

Thu, 07/28/2011 - 13:25 | 1501580 mt paul
mt paul's picture

bananas

are not money....

 

 

yet..

Thu, 07/28/2011 - 17:02 | 1502292 Pitchman
Pitchman's picture

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.

Thu, 07/28/2011 - 19:00 | 1502642 Sgt.Sausage
Sgt.Sausage's picture

Bananas. 30,000 pounds, bitchez.

http://www.youtube.com/watch?v=ODMye94wMfk

 

Fri, 07/29/2011 - 03:47 | 1503655 qing
qing's picture

removed content (spam)

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