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New US currency announced
01-12-2008, 01:37 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Mar 2003
Posts: 18,085
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New US currency announced
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Ezekiel 23:20
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01-12-2008, 02:22 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2006
Posts: 3,895
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that was hysterical. thank you. i needed that.
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01-12-2008, 02:38 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,520
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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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01-12-2008, 02:39 PM
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#4
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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That was soo funny !
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01-12-2008, 02:41 PM
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#5
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Full time employment: Posting here.
Join Date: Dec 2006
Posts: 886
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 Fighting terrorism while creating it. Hilarious!
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01-12-2008, 02:45 PM
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#6
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Administrator
Join Date: Apr 2006
Posts: 19,292
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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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Living an analog life in the Digital Age.
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01-12-2008, 04:44 PM
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#7
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Full time employment: Posting here.
Join Date: May 2006
Posts: 527
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That's pretty funny. I want a set of coins.
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01-12-2008, 06:08 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Oct 2006
Posts: 7,684
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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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01-12-2008, 06:41 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Mar 2003
Posts: 18,085
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 Quote:
Originally Posted by clifp
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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Already got that covered: Iraq has, what, the third largest proven oil reserves in the world, right?
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"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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01-12-2008, 06:56 PM
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#10
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Full time employment: Posting here.
Join Date: Aug 2006
Posts: 563
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Good one Brewer!
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01-12-2008, 10:43 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
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Quote:
Originally Posted by brewer12345
Already got that covered: Iraq has, what, the third largest proven oil reserves in the world, right?
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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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01-12-2008, 11:28 PM
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#12
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Full time employment: Posting here.
Join Date: Nov 2005
Posts: 655
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Very funny! Just e-mailed the link to three friends.
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01-13-2008, 07:51 AM
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#13
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Give me a museum and I'll fill it. (Picasso)
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Join Date: Feb 2006
Location: Washington, DC
Posts: 10,764
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Good one Brewer. I sent it to my right wing sister's email list 
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