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New US currency announced
Old 01-12-2008, 01:37 PM   #1
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New US currency announced

NEW BUSH COINS
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Old 01-12-2008, 02:22 PM   #2
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that was hysterical. thank you. i needed that.
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Old 01-12-2008, 02:38 PM   #3
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That was pretty funny until the last one (100 gal?) that mentioned 9-11. Went too far IMHO.
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Old 01-12-2008, 02:39 PM   #4
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That was soo funny !
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Old 01-12-2008, 02:41 PM   #5
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Fighting terrorism while creating it. Hilarious!
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Old 01-12-2008, 02:45 PM   #6
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Pretty funny Brewer, although I probably won't need money after they ship my @ss off to Guantanamo.
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Old 01-12-2008, 04:44 PM   #7
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That's pretty funny. I want a set of coins.
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Old 01-12-2008, 06:08 PM   #8
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Pretty funny, although I don't think we have enough oil to redeem all of the coins.

Luckily Saudi Arabia has a very small army and we have troops in the region...
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Old 01-12-2008, 06:41 PM   #9
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Quote:
Originally Posted by clifp View Post
Pretty funny, although I don't think we have enough oil to redeem all of the coins.

Luckily Saudi Arabia has a very small army and we have troops in the region...
Already got that covered: Iraq has, what, the third largest proven oil reserves in the world, right?
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Old 01-12-2008, 06:56 PM   #10
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Good one Brewer!
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Old 01-12-2008, 10:43 PM   #11
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Already got that covered: Iraq has, what, the third largest proven oil reserves in the world, right?

Well yes but it isn't enough.
M2 is $7.5 trillion.

Iraq has resevers 112 billion barrels of oil
Each barrel makes 19 gallons of gas.
Wholesale price of gas is roughly $2.50 gallon

Total value of Iraq gas (not oil) ~$5.3 trillion, so we are short a couple of trillion.

So in order to have Bush dollars backed by gasoline, we need to invade another oil country. I think Canada would be easiest, but Saudi would probably allow us to maintain gas backed Bush bucks for many decades.

I am also ignoring the cost of pumping, and refining the Iraq oil. But it is an interesting exercise for the Ron Paulites of the world who want to see a return to the gold standard, to get an idea about just how impossible pegging the dollar to a fixed asset is.
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Old 01-12-2008, 11:28 PM   #12
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Very funny! Just e-mailed the link to three friends.
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Old 01-13-2008, 07:51 AM   #13
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Good one Brewer. I sent it to my right wing sister's email list
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