The Silicon Graybeard

In the World of the High Tech Redneck, the Graybeard is the old guy who earned his gray by making all the mistakes, and tries to keep the young 'uns from repeating them. Silicon Graybeard is my term for an old hardware engineer; a circuit designer. The focus of this blog is on doing things, from radio to home machine shops and making all kinds of things, along with comments from a retired radio engineer, that run from tech, science or space news to economics; from firearms to world events.

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 FootprintMay 18, 2011 at 4:47 AM
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.
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SiGraybeardMay 18, 2011 at 10:12 PM
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.
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BS FootprintMay 18, 2011 at 10:44 PM
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?
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