05.06.11
Fiat money, Zimbabwe, Weimar = code
Quote of the day, from the Economist, referring a Paul Ryan claim about examples of old hyperinflated currencies being handed out:
And then finally, Mr Ryan said, America needs sound money. He told stories of traveling around Wisconsin and being handed pieces of currency from Weimar Germany and Zimbabwe, he remarked on how nothing was more insidious than inflation …
It’s rotten ol’ Tea Party fruit, the crop from years of Fox News’ hourly gold bug commercials, Glenn Beck and parades of experts. One in particular, whose name I forget, was fond of showing an example of some astronomically numbered Zimbabwe note.
He had turned it into a souvenir business.
The phrase “fiat money” is more code for the same thing. Here, a sample from Google — it’s all Ron Paul, goldbuggery, catastrophe, conspiracy and fear & loathing associated with quantitative easing. Another example, as if you needed one, of how Google results can easily be bombed into trash by the practices and world beliefs of a relatively small social class. (An it’s also an example of what story one uses to persuade people who aren’t such hot thinkers to vote for tax cuts for the super-rich and elimination of social programs and public school education.)
All Tea Party articles of faith, now firmly passed into the realm of fears associated with a life driven by superstitions. And it’s exclusively a baseball-capped or blobby disgraceful white man’s disease.
If you run across people like this — and I see the house of one of ’em everyday when I cross the el Molino Street bridge on the way to Rick’s at lunch, a place with a big lawn sign advertising some kook AM radio host — it is best to cross to the opposite side of the street.
How do I know this? By-product of census work.
An even money bet is that the people who buy souvenir Weimar marks and Zimbabwe dollars also have Confederate and Gadsden flags to fly, too.
More code: Fair Tax, abolition of IRS, Bretton Woods, questions re “What do you think about a consumption tax?”
Rick said,
May 11, 2011 at 4:39 pm
Guess what the US Dollar, the ZIM Dollar, and Weimar marks have in common? Everything!
Oh, wait. Unlike Zimbabwe and Weimar Germany, the USA has a balanced budget, no debt, and responsible politicians who don’t spend more for entitlement programs than we net in taxes!
Never mind, our FIAT DOLLAR is safe.
DD said,
May 12, 2011 at 6:52 am
Did you hear Glenn Beck was canceled? Here’s the
new star.
Dick Destiny » Goldbug/fiat money kooks said,
May 12, 2011 at 12:27 pm
[…] From yesterday, worth bringing up to the top of the page for a few moments: Guess what the US Dollar, the ZIM Dollar, and Weimar marks have in common? Everything! […]
mac said,
May 16, 2011 at 7:23 am
Funny how you can’t have a real answer to the fellas comment. How much longer will we have faith in a government who spend like money grows on trees? How will the value of that money be that is backed by the full faith of the government when that faith is lost?