Friday, November 16, 2007

C-Notes, Euros, and Liberty Dollars!

Back in the Summer of 84, life was wonderful traveling Europe with a strong dollar. WTF happened? You have serious whack-job goofballs printing their own inflation-proof currency. The rest of the world is wondering if the world belongs to European currency. Even rap stars are dissing our once illustrious currency.

C-Notes and P-Notes:
Wonkette reports that a group of Ron Paul supporters were raided because they were creating illegal currency, Liberty Dollars, featuring Paul. How are liberty dollars any different than Camel Cash? Save up enough liberty dollars and you can get Ron Paul lighters, shot glasses, ash trays, and a Ron Paul Members Only Jacket.

When surfing the net about camel cash, there was an old article from Bob from Accounting that our Dollar has been collapsing against the old C-note. A fact noted in an April 1997 Onion issue.

Show me the Euros: Jay-Z in his video, Blue Magic, flashes Euros as the new bling-bling bankroll.
The International Herald Tribune reports:
"Shortly after Angola and Iraq announced they may consider shifting their currency reserves away from the dollar and into the euro and other currencies, Nigeria's Finance Minister Shamsuddeen Usman said he was considering the same thing."

In related news, there was an OPEC oops today. OPEC accidentally broadcast Saudi Arabia rebuffing efforts of Iran and Venezuela to price oil in other currencies other than the US dollar. Saudi Arabia rejected the proposal because it didn't want to collapse the Dollar. It turns out that some oil producing countries will de-peg and diversify away from the US Dollar.

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