Wednesday, May 03, 2006

This Note Is Legal Tender For All Debts, Public And Private

Gold is over $675 an ounce. M3 is a fond memory. It's OK with me when inflation hits. As long as the Federal Reserve Banknote is the legal currency backed up by The United States Government (and its military) I don't have anything to worry about. You see, I have some debt, some dental bills and a couple credit cards. Not too much, I'm able to make my payments. However, when it takes a wheelbarrow full of Federal Reserve Banknotes to buy a loaf of bread I'll take those notes by the thousands and well... My credit cards will have to take them. Debt paid in full. This Note Is Legal Tender For All Debts, Public And Private!!!


Blogger RicketyFunk said...

It'll still be hard as hell to get a wheelbarrow of bank notes. How many people actually understand where money gets its value from?

I've thought about opening up my own "bank" of sorts. Using my fake religion and it's mystic treasures as the loot which supports the value of the note.

Or better yet, I could convert all my assets to Disney Dollars!!!

May 4, 2006, 4:20:00 PM  
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I have some "assets" that are appreciating rapidly. In short order the cash value of those assets should be enough to wipe out any debt I owe unless the US ceases to be an entity in which case I probably won't have to pay any debts back anyway.

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