Where The US Is Headed Under Obama’s Leadership

This is actual Zimbabwe currency.

100TrillionBill

About stevengoddard

Just having fun
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13 Responses to Where The US Is Headed Under Obama’s Leadership

    • kbray in california says:

      Democrat thought process:
      “A couple of those notes printed in dollars would pay off the entire debt !!!
      Problem solved.”

  1. Eric Simpson says:

    I guess it would be better to have that single bill rather than a wheelbarrow full of bills to buy a loaf of bread. It’s amazing how we knew we were already spending money like drunken sailors when the Dems rammed Obamacare through. If this health monstrosity stands, you can expect that within a couple of decades it would be sucking up trillions of dollars a year.

    Larry Kudlow reports that the biggest problems for Obamacare are still to come: “Equally punitive regulations will hit more than 90 million employer-sponsored health plans next year. It’s the same problem as the individual plan. Grandfathering won’t work. Moreover, replacing these plans with much more expensive products will constitute a major tax hike on the entire economy.”

    A Wapo comment: Latest estimates (by HHS itself) suggest that 93 million Americans will lose their current insurance. Yes, unlike those in the individual market, who see the disconcerting results immediately and directly, most, who have employer provide insurance, will see the result indirectly in denied raises, lost jobs, anemic economic activity, as the American businesses stare down the barrel of doubling and tripling health care costs. There’s others issues, like a lot of people will have to settle for part time work, and lose their employer provided plans.

  2. Otter says:

    Knowing what is used for currency in some parts of the world, the first thing that came to my mind when I saw your title was ‘rocks.’

    And on that bank note? Rocks…..

    (we have pics turned off on this comp, because rural usage is expensive and limited in this region. So I didn’t see the image until I had it show me the pic)

    • kbray in california says:

      You gotta “have stones” to print a bill like that !!

    • tom0mason says:

      The picture on the bank note, that you have so observantly remarked as rocks, are not just any old rocks but the precious rocks that the bill is worth. And the government, being the responsible entity that it is, will hold these very rocks for you. Thus if you wish to redeem the bank note at the treasury these rocks will be yours.

  3. gator69 says:

    “The Weimar Republic is perhaps the quintessential example of hyperinflation. But the buildup took longer than one might think.
    Walter Levy is a German-born oil consultant. His father, a German lawyer, took out a life insurance policy in 1903.
    Every month he had made the payments faithfully,” recounts Levy. “It was a twenty-year policy, and when it came due, he cashed it in and bought a single loaf of bread.
    Such was life in the German Weimar Republic.
    Things got so bad there for a while, dentists and doctors stopped asking for currency, seeking payment in butter or eggs instead. But the farmers weren’t keen on trading their produce for paper money either.
    Prices rose not just by the day, but by the hour — or even the minute. If you had your morning coffee in a café, and you preferred drinking two cups rather than one, it was cheaper to order both cups at the same time.
    Here is how a Weimar factory worker described payday (which was every day):
    At eleven o’clock in the morning a siren sounded and everybody gathered in the factory forecourt where a five-ton lorry [truck] was drawn up loaded brimful with paper money. The chief cashier and his assistants climbed up on top. They read out names and just threw out bundles of notes. As soon as you had caught one you made a dash for the nearest shop and bought just anything that was going.”

    http://www.economicpolicyjournal.com/2013/08/an-important-history-lesson.html?m=1

    It’s not just for third world countries, and it never ends well.

  4. De Paus says:

    The Zimbabwean dollar (sign: $, or Z$ to distinguish it from other dollar-denominated currencies) was the official currency of Zimbabwe from 1980 to 12 April 2009, with three periods of inflation. Currencies such as the South African rand, Botswana pula, pound sterling, euro, and the United States dollar are now used for all transactions in Zimbabwe

  5. Gamecock says:

    I suspect printing the money reduced the value of the paper.

  6. R. Shearer says:

    We have two things going for us today that did not exist during the Weimar Republic. First, is electronic banking. Therefore, we don’t or won’t need wheel barrels.

    The U.S. dollar at present at least is the world’s reserve currency. As bad as our fiscal situation is, we are not in the worst shape. Clearly, you want to own things that you can use to barter with farmers and farmers still need dollars.

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