Tuesday, May 17, 2011

You Know The Dollar is Trash

You know the dollar is trash when Zimbabwe wants to get out of the dollar and into a gold standard.

Srsly.  You can't make this stuff up. 
Topping off a weekend of surreal news is the announcement from the Central Bank of Zimbabwe that the country is now evaluating introducing a gold-backed Zimbabwean dollar, and, in keeping with the Salvador Dali feel to the past 48 hours, that the "days of the US dollar as the world's reserve currency are numbered." Yes. Zimbabwe, the same place that two years ago sported a brand new crisp Z$100 trillion bill.
H/T ZeroHedge via Survivalblog.

3 comments:

BS Footprint said...

Hey! A lot of household trash can be turned into useful compost.

Can you compost Federal Reserve Notes (FRNs)?

I'll bet that's illegal.

Graybeard said...

It probably is illegal. "Defacing" or something like that. I know it's illegal to melt coins and sell them as scrap metal. Probably similar.

BS Footprint said...

Well, in this case, they're self-composting, metaphorically speaking.

Shall we do a citizen's arrest on Geithner and gang for destroying our currency?