Are you people in D.C. retarded?
Do any of the vaunted economists at the Federal Reserve or the Treasury Department employ sound, logical economic policies and principles any more or have we so completely gone over the financial abyss that this type of Alice in Wonderland economic logic is deemed to have merit and is discussed seriously?
See if you don't think the "Platinum Coin" proposal and reasoning is on about as sound a footing as "The 7-Minute Abs" proposal from the hitch-hiker in "Something about Mary" and ask yourself where we are going with this?
I mean, why stop at one coin and kick the can down the road for only a year by attacking the deficit?
Why not mint 16 and just wipe out the Debt completely?
Except then......what if someone comes up with a plan for a $2 Trillion dollar coin?
Hitchhiker: You heard of this thing, the 8-Minute Abs?
Ted: Yeah, sure, 8-Minute Abs. Yeah, the excercise video.
Hitchhiker: Yeah, this is going to blow that right out of the water. Listen to this: 7... Minute... Abs.
Ted: Right. Yes. OK, all right. I see where you're going.
Hitchhiker: Think about it. You walk into a video store, you see 8-Minute Abs sittin' there, there's 7-Minute Abs right beside it. Which one are you gonna pick, man?
Ted: I would go for the 7.
Hitchhiker: Bingo, man, bingo. 7-Minute Abs. And we guarantee just as good a workout as the 8-minute folk.
Ted: You guarantee it? That's - how do you do that?
Hitchhiker: If you're not happy with the first 7 minutes, we're gonna send you the extra minute free. You see? That's it. That's our motto. That's where we're comin' from. That's from "A" to "B".
Ted: That's right. That's - that's good. That's good. Unless, of course, somebody comes up with 6-Minute Abs. Then you're in trouble, huh?
[Hitchhiker convulses]
Hitchhiker: No! No, no, not 6! I said 7. Nobody's comin' up with 6. Who works out in 6 minutes? You won't even get your heart goin, not even a mouse on a wheel.
Ted: That - good point.
Hitchhiker: 7's the key number here. Think about it. 7-Elevens. 7 dwarves. 7, man, that's the number. 7 chipmunks twirlin' on a branch, eatin' lots of sunflowers on my uncle's ranch. You know that old children's tale from the sea. It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. Step into my office.
Ted: Why?
Hitchhiker: 'Cause you're fuckin' fired!
Ted: Yeah, sure, 8-Minute Abs. Yeah, the excercise video.
Hitchhiker: Yeah, this is going to blow that right out of the water. Listen to this: 7... Minute... Abs.
Ted: Right. Yes. OK, all right. I see where you're going.
Hitchhiker: Think about it. You walk into a video store, you see 8-Minute Abs sittin' there, there's 7-Minute Abs right beside it. Which one are you gonna pick, man?
Ted: I would go for the 7.
Hitchhiker: Bingo, man, bingo. 7-Minute Abs. And we guarantee just as good a workout as the 8-minute folk.
Ted: You guarantee it? That's - how do you do that?
Hitchhiker: If you're not happy with the first 7 minutes, we're gonna send you the extra minute free. You see? That's it. That's our motto. That's where we're comin' from. That's from "A" to "B".
Ted: That's right. That's - that's good. That's good. Unless, of course, somebody comes up with 6-Minute Abs. Then you're in trouble, huh?
[Hitchhiker convulses]
Hitchhiker: No! No, no, not 6! I said 7. Nobody's comin' up with 6. Who works out in 6 minutes? You won't even get your heart goin, not even a mouse on a wheel.
Ted: That - good point.
Hitchhiker: 7's the key number here. Think about it. 7-Elevens. 7 dwarves. 7, man, that's the number. 7 chipmunks twirlin' on a branch, eatin' lots of sunflowers on my uncle's ranch. You know that old children's tale from the sea. It's like you're dreamin' about Gorgonzola cheese when it's clearly Brie time, baby. Step into my office.
Ted: Why?
Hitchhiker: 'Cause you're fuckin' fired!
What if someone asks, "What is the underlying value backing this piece of platinum?"
IDK, maybe watch this classic again: (bless her little heart)
The most moronic TV news journalist ever? Gold is "backed by nothing" while dollars are backed by government!
The sheer brilliance begins at the 13:50 mark:
http://tv.naturalnews.com/v.asp?v=94051052ECB937B813C37910C72A9CD7FAIR USE NOTICE: This video contains copyrighted material the use of which has not been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of economic, political, financial and social justice issues inherent in this discussion. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.
(gold is "backed by nothing!" - The dollar, she says, is backed by what she calls the "American government." - "...so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve. That's gonna be around a year from now.")
Maybe Obama has missed an opportunity here to find his next Treasury Secretary and certainly she rises to the top of my list for the next Federal Reserve chairman when Ben Bernanke resigns or otherwise completes his term.
This is where we are folks.
Lesson learned: Elections have consequences. Buckle your seat-belts and enjoy the ride. Just one piece of advice - don't pick up hitch-hikers.
Lesson learned: Elections have consequences. Buckle your seat-belts and enjoy the ride. Just one piece of advice - don't pick up hitch-hikers.
No comments:
Post a Comment