A Thousand Pictures Is Worth One Word: Worthless

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 07/27/2011 - 13:59 | 1498550 Mongo
Mongo's picture

Now... where is the US dollar?

Wed, 07/27/2011 - 14:06 | 1498585 Cole Younger
Cole Younger's picture

Soon....very soon :-(

Wed, 07/27/2011 - 14:08 | 1498592 Pladizow
Pladizow's picture

Its not worth its own digital image to list!

Wed, 07/27/2011 - 14:37 | 1498746 Almost Solvent
Almost Solvent's picture

The FED should just deposit the 100 trillion dollar note and credit it to the Treasury.

That should take care of it.

Wed, 07/27/2011 - 16:56 | 1498833 AldousHuxley
AldousHuxley's picture

DELETED

Wed, 07/27/2011 - 15:06 | 1498841 AldousHuxley
AldousHuxley's picture

That is exactly what they are doing. Trying to cure debt and financial mismanagement with inflation.

Wed, 07/27/2011 - 16:50 | 1499251 ViewfromUnderth...
ViewfromUndertheBridge's picture

A good comment...but, when you printed it again, it became half as good.

Wed, 07/27/2011 - 17:02 | 1499300 AldousHuxley
AldousHuxley's picture

make it up with this video....

 

Gold For Bread - Zimbabwe

http://www.youtube.com/watch?v=7ubJp6rmUYM

Wed, 07/27/2011 - 16:54 | 1499273 max2205
max2205's picture

If the Zimab Note had four rocks on it, how much would it be worth... (hint, big bag of suck)

Wed, 07/27/2011 - 17:43 | 1499503 I think I need ...
I think I need to buy a gun's picture

i saw a special on cnbc.....bernanke got a 1590 on his sat's so im confident that won't happen here

 

look at some of the coloring its so pretty though

Wed, 07/27/2011 - 18:33 | 1499686 Anonymouse
Anonymouse's picture

I'm just wondering when that 15 minutes starts.  Perhaps Bernanke's watch is broken...

Thu, 07/28/2011 - 06:04 | 1500530 Urban Redneck
Urban Redneck's picture

So did I, and the last time I took them was my sophomore year in high school.  I missed fewer (no) questions on my ASVAB, which is a far more practical exam for determining capacity in the real world.  Perhaps Bernanke should take his confidence back to his ivy league ivory tower and GTFU of DC.  Tests don’t mean shit once you get into the real world.

Wed, 07/27/2011 - 14:58 | 1498813 55 men
55 men's picture

The comment coming soon to the U.S.... NOT WORTH A DOLLAR!

Wed, 07/27/2011 - 15:09 | 1498848 AldousHuxley
AldousHuxley's picture

not coming soon...it is here already. US IS BANKRUPTED ALREADY. Symptoms are already apparent

 

from Wikipedia's article on national bankruptcy...

Consequences for the citizen

National bankruptcy always means for the private citizen a dramatic devaluation of his monetary wealth, because the private/individual saver is often an important creditor of the state (e.g. government bonds).

More severe is the impact on the national economy. These comprise typically

  • a banking crisis, as banks have to make write downs on credits given to the state. CHECK
  • an economic crisis, as the interior demand will fall and investors withdraw their money CHECK
  • a currency crisis as foreign investors avoid this national economy CHECK

The citizen feels the impact indirectly through high unemployment CHECK and the decrease of state services and benefits. CHECK

 

 

 

 


 

Wed, 07/27/2011 - 17:01 | 1499294 navy62802
navy62802's picture

The Bernanke testimony cited in that article is a perfect example of cognitive dissonance.

Wed, 07/27/2011 - 14:10 | 1498604 Mike2756
Mike2756's picture

1 more rally as the EU implodes first? Then it will be time to go all in on the pm's.

Wed, 07/27/2011 - 18:21 | 1499633 trav7777
trav7777's picture

dollar is coming soon to a list near you.

Brazil is a HUGE country with a gigantic economy...they're on their 3rd currency in the past 20 years or so.  All these nations had debt money...every single one.

I'm not sure where the Mishes and Douchingers get the idea that debtmoney nations can't implode.  Something maybe "special" supposedly about the reserve?  FX makes the notion of foreign-denominated debt irrelevant.  Perhaps the reserve will have a less abrupt slide to that same spot, but it's coming anyway.

The future of less means all debts now must be discounted.  In any event, should this "hyperdeflation" come, the FRN would lose its ability, via scarcity, to serve as money.  It would revert to just being paper.  The USSR also did not have external debt denominated in others' currencies.  The ruble still went to bagel.

Wed, 07/27/2011 - 14:01 | 1498557 MiguelitoRaton
MiguelitoRaton's picture

Where is the US Continental? My less intelligent friends always cling to the "Yes, but America would never do that!"

Wed, 07/27/2011 - 14:20 | 1498648 hedgeless_horseman
hedgeless_horseman's picture

This 1775 seven dollar note is typical of the paper money issued by the Continental Congress to pay for the costs of the American Revolution. Due to over-issue and lack of confidence in the government, the notes became nearly worthless. Eventually, Congress redeemed them at 1/100th of their original value in bonds, not maturing until 1811. Image courtesy of EarlyAmerican.com 

 

http://www.us-coin-values-advisor.com/the-american-revolution.html

Wed, 07/27/2011 - 14:35 | 1498735 Spigot
Spigot's picture

The Continental Dollar dropped to 1/16500th of a troy ounce of gold, or the price of gold "increased" to $16,500 Continental Dollars before the currency was terminated.

Wed, 07/27/2011 - 15:45 | 1498983 Newsboy
Newsboy's picture

The English massively and expertly counterfeited the "Continental", largely leading to it's ignominious fate.

Financial warfare.

Wed, 07/27/2011 - 17:08 | 1499330 Cleanclog
Cleanclog's picture

Everyone start growing your hair long now.  Save money on hairdressers and barbers . . . while you prepare for the haircut that the US $ will extract.

Wed, 07/27/2011 - 17:38 | 1499484 OldTrooper
OldTrooper's picture

Or you could just get some pre-65 coins...some barbers will still take a fifty cent piece for their services.

Wed, 07/27/2011 - 18:53 | 1499752 disabledvet
disabledvet's picture

see below

Wed, 07/27/2011 - 18:22 | 1499639 MissCellany
MissCellany's picture

And let's not forget the Confederate Dollar...it made good wallpaper for Mammy's attic bedroom at Tara in Gone With the Wind...

Wed, 07/27/2011 - 14:03 | 1498563 HoofHearted
HoofHearted's picture

Can you scan a $100 FRN and add it to the pictures above? Or maybe an older $500 or $1000....

Wed, 07/27/2011 - 14:06 | 1498564 Smiley
Smiley's picture

I have some of those $100T Zimbabwe bills.  Hilarious. 

 

"You hear that Mr. Anderson?  That is the sound of inevitability.  It is the sound of your death."

Wed, 07/27/2011 - 14:18 | 1498650 pupton
pupton's picture

I was thinking how the Trillion+ Zimbabwe bills might still have some value as a novelty.  I'd pay $5 US for one of them just to have to look at/show off.  Heck, that might be a decent Forex play if things don't pan out here...Where can I get one?

Wed, 07/27/2011 - 14:34 | 1498730 Smiley
Smiley's picture

I get em at coin shows for $5 each with my leftover scratch money after I buy the gold and silver I budgeted for.  I put a few in plastic display cases, they make GREAT gifts and everyone I give one to displays it prominently in their house or office; it makes me feel good when people show off something I gave em.

Wed, 07/27/2011 - 14:35 | 1498734 sdmjake
sdmjake's picture

they are available on eBay. {you can get a dozen for a few bucks}

Wed, 07/27/2011 - 14:41 | 1498754 Manbarepig
Manbarepig's picture

Got mine on eBay, cost me about $3-4

Wed, 07/27/2011 - 15:33 | 1498929 pupton
pupton's picture

Done.  I just electronically exchaned 3.9 of my worthless American Dollars for 100 trillion awesome "Kill Whitey" dollars!  That shit is pretty sad, too.  Their bill features a pile of rocks...WTF is that???  At least we put dead presidents on our paper.  I can't wait to frame that mofo and hang it on the wall in my office.  I'll have an empty frame up next to it..........

Wed, 07/27/2011 - 15:46 | 1498985 cossack55
cossack55's picture

That is because the pile of rocks is worth more than dead presidents.  I have embossed labels made "In case of emergency----break glass" and afix to the frame. Great gifts all seem to get a kick out of.  Last Xmas I used Weimar bills, next Xmas looking at 1946 Hungarian.

Wed, 07/27/2011 - 17:25 | 1499402 IAmNotMark
IAmNotMark's picture

Hey!  Those are NICE rocks!

 

Wed, 07/27/2011 - 17:25 | 1499404 IAmNotMark
IAmNotMark's picture

Hey!  Those are NICE rocks!

 

Wed, 07/27/2011 - 20:36 | 1500017 Al Gorerhythm
Al Gorerhythm's picture

That pile of rocks is the Zimbabwe national monument. It's all they could afford.

Wed, 07/27/2011 - 21:50 | 1500135 Bananamerican
Bananamerican's picture

reminds me of this...

http://4.bp.blogspot.com/_i3lRnft7JYc/S2rd4PTzH3I/AAAAAAAAAls/wZN763OCBG...

That 100 trill zimbab note would buy you an egg right before it went kaput in 2009...guess what they replaced it with?

Thu, 07/28/2011 - 03:26 | 1500463 zhandax
zhandax's picture

I'd pay $5 US for one of them just to have to look at/show off.

Funny how the cash market works....when the $100,000,000,000,000 note would still buy a cab ride in Harare, I bought 20 new ones on eBay for $2o.  I keep one in my wallet to show the disbelievers.

Wed, 07/27/2011 - 14:58 | 1498812 PulauHantu29
PulauHantu29's picture

I have a few of the Zimbabwe notes...They are great! Too bad the gubberment took the $1000 and $500 out of circulation...they would be a Hoot.

Wed, 07/27/2011 - 16:56 | 1499278 Sabibaby
Sabibaby's picture

Shhh..... The guy at 7-11 doesn't know....

Wed, 07/27/2011 - 16:20 | 1499142 goldm3mb3r
goldm3mb3r's picture

I like the one with Barton Fink on it.

Wed, 07/27/2011 - 14:06 | 1498565 Cognitive Dissonance
Cognitive Dissonance's picture

All that pretty fiat paper looks much better, and immensely more valuable, while under the influence of a few hits of blotter acid and some fiat crack cocaine.

Peace baby.

Wed, 07/27/2011 - 14:04 | 1498571 Ahmeexnal
Ahmeexnal's picture

Where's the $10,000 USD bill with a smiling Soetoro portrait?

Wed, 07/27/2011 - 14:26 | 1498680 LeBalance
LeBalance's picture

dude!  We want the Fuckin' Wingnuts WB7 image of Barry Soe on our $!!!  Glasses and Fro'do!

Wed, 07/27/2011 - 21:12 | 1500075 Freddie
Freddie's picture

Hope & Change.

Thu, 07/28/2011 - 03:33 | 1500467 zhandax
zhandax's picture

All that pretty fiat paper looks much better, and immensely more valuable, while under the influence of a few hits of blotter

Trade you Z$100,000,000,000,000 for hit of blotter?

Wed, 07/27/2011 - 14:05 | 1498573 MonsterZero
MonsterZero's picture

I think Ben just wants his picture and autograph on the 10 trillion dollar bill.

Wed, 07/27/2011 - 23:42 | 1500291 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

How 'bout a direct overhead shot of his bald noggin to fill the space of the final zero in 10T?

Do NOT follow this link or you will be banned from the site!