The U.S. Department of the Treasury first issued paper U.S. currency in 1862 to make up for the shortage of coins and to finance the Civil War.They discovered that printing presses could print up mass quantities of paper currency so long as the supply of paper and ink didn't run out, and then again when "recharged".....The Confederate dollar, often called a "Greyback", was first issued into circulation in April 1861,beating out the United States, BUT the USA discovered by declaring Confederate currency worthless it had NO value.....while stating theirs did, gave their currency value..........and so in the USA printed currency started from there.....first the Confederates, then the USA....The first paper notes were printed in denominations of 1 cent, 5 cents, 25 cents, and 50 cents. Then they discovered they could print higher and higher denominations...in short they just print money.
Well now The U.S. Treasury decides to print money in the United States as it owns and operates printing presses.The Treasury Department is actually the entity responsible for printing paper currency and minting coins, overseeing the Bureau of Engraving and Printing, or BEP as they call it, and the U.S. Mint. As of August 2015, there is approximately $1.2 trillion in cash. Much of this is located overseas where, due to a lack of faith in local governance, U.S. dollars are used.When banks need cash, they request it from the Federal Reserve. The Federal Reserve electronically deposits it into the bank's account and charges the appropriate interest rate. When they have excess cash on hand, banks return it to the Federal Reserve, settling any accounts.
It can and does arbitrary amounts of dollars indefinitely without consequence, it can print enormous amounts just at the moment because there's currently an outsized demand for dollars which it's merely meeting. When banks need money it supplies the banks, and charges interest.......FED always print's USD as much as it wants, thanks to each and every nation in the world, who use USD for their trade , that way we all help USA to maintain the demand for USD high. Now In the USA they need money for wars and what ever and what have you's, the "President" etc decides they need so much money, they print up a Treasury Certificate for said what ever billions amount, the take it to The treasury Department as an I.O.U., they take it, place it on a pile of yet more of them, and print up the required amount, with the government promising to pay it's Treasury Department.The central bank(Treasury) is effectively financing the deficit of the federal government on a permanent basis by issuing large amounts of currency. So Squirrel discovered, on the internet, that there are rolls and rools of Toilet Paper printed up with US currency one them, some go cheap for 1$ bills, others, in the 100's(Ben Franklins). Well now isn't that all very interesting, Squirrel used to order from CHINA......toilet paper, with Celine Dion's face on it. Now money toilet paper, can be had for $3 a roll......270 sheets to a roll............so Ben Franklins at $100,that'd be $27000 per roll, US$. Now the US government prints it up and the toilet paper people print it up, but the toilet paper money is on fit to wipe your butt with, same value as Celine Dion on your toilet paper. When Dunny on the Wolds, initial independent nation surrounded by the colony of Canada was independent, the potato crop failed, not good when your currency is based on THE POTATO......however it went to a Principality, and then annexed itself to ENGLAND,becoming a rotten burrow requiring it's own MP,duly elected,a position held by myself,Secret Squirrel. Had I know I could then have printed up my own currency on toilet paper at 4800 rolls, at 3.75$ each...........things would've been different.........alas and alack, I was having Celine Dion's image printed on toilet paper a useless thing indeed except to wipe one's bottom with..but so it goes, and so too it goes with currency. The American Dollar is valued, by everyone, printed up just as so much quantified toilet paper, and IT has value, but NOT my bum wad toilet paper currency should I have it printed up......There's just no fairness in the world is there. So it is, Squirrel sits surrounded by piles of monetarily printed toilet paper rolls, that just nobody will accept as currency. No fairness in the world, just no fairness.....Squirrel, and the MRL must change all that.
Secret Squirrel,
MRL,MP,Dunny On The Wold,
Minister For Re-Derange Re-Engineering.
Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts
Friday, February 10, 2017
Thursday, August 20, 2015
Secret Squirrel Re-Discovers The World Of Playing Card Currency
Yes,Secret Squirrel has rediscovered the world Of playing card
currency,as it was in the old days, and as it can be and in some
cases, still is, today, and on in to the future.Squirrel saw the headline.......
Urban explorers find $1MILLION-worth of collectible sports cards
inside an abandoned factory in Detroit
In the Daily Mail, at.....
http://www.dailymail.co.uk/news/article-3198656/The-ultimate-swap-shop-Urban-explorers-1MILLION-worth-collectible-sports-cards-inside-abandoned-factory-Detroit.html
So immediately Squirrel thought...Strike! No, not another tube
strike is called for. BUT, STRIKE! Whilst the iron is hot! Yes, it
suddenly occurred to Squirrel, CARD CURRENCY so as it was in the old days, so can it be in the new days, the days of now,of today, and of the days on in to the Future!Interesting the America of today, Her....err HIS Majesty,the French one, in the old days, used to pay soldiers,particularly in New France, or what they thought and called New France, the area of North America they regarded as belonging to them, they,the French. in short it WAS currency, in.........playing cards you know.
Card money was in use in New France in the seventeenth and
eighteenth centuries. So, Card money is a type of fiat money printed on plain cardboard or playing cards, which was used at times as currency in several colonies and countries (including Dutch Guiana, New France, and France) from the 17th century to the early 19th century. Where introduced, it was often followed by high rates of inflation, all issues of card money "could not be called unqualified success[es]", as they were capable of solving budget deficits but eventually were overproduced, leading to inflation. In order to prepare playing cards or plain cardboard for use as currency, the medium had to be given a denomination, a seal, a serial number, and appropriate signatures. In New France, this meant an embossed fleur-de-lis (it is noted that the french also used the fleur-de-lis as the symbol for The Whore, and branded some with it as,public, Whores) and the signatures of the intendant, governor, and treasurer. In Dutch Guiana, meanwhile, the form these validations took varied between issue.
Card money was generally issued, at least initially, in emergency
situations. It could be backed by other currencies, such as Bills of
Exchange, or be without guarantee. Initially, card money was issued in three different denominations, in the form of singular playing cards bearing the intendants arms and signature. It was backed by the private promise of redemption, and readily accepted. However, due to its widespread monetary use, a significant amount of card money failed to be submitted for reimbursement and remained circulating. This meant that the government was able to increase its expenses. As a result, card money was used as currency in Canada intermittently for the remainder of the French regime.
As a financial tool, card money played a significant role as a means of exchange. Despite the worries of French officials, colonial authorities were successful in arguing that card money served as a financial medium in Canada just as coinage did in France. An economic substitute to the dangerous transfer of specie across the Atlantic, card money allowed France to benefit, since the King did not have the obligation to send coinage to Canada, which would have risked loss either from the sea or from enemies.
In the fall of 1685, once the first issue of card money had been
redeemed, Jacques Demeulles wrote of his experiment in a report to the home government: No person has refused [the card money], and so good has been the effect that by this means the troops have lived as usual. Problems arose as cards began to be over-issued in order compensate for the failing economy in France,in short, the over printing of the currency,and any cards were not being returned for redemption each year,due to banking as it were.hoarding for a rainey day...saving as it were, nor were they always redeemable when they should have been....In the America of today, we see it STILL in effect, the Americans are absolutely fabulously crazy for it, different cards,(different denominations), having differing and massive values..
The new found trove of the American cards, are While only estimated to be individually worth between minimally 99 cents and $5.99, the collective haul of hundreds of cases would potentially fetch millions if ever put on the market,so hence minimally valued they're superior, and to some worth yet even greater sums. So you see, equal too and in greater value than, the existing U.S. dollar!!
Hmm......playing cards as currency.......playing cards ARE
currency..........AND they're worth far more than the US
dollar.....seems with respect to playing cards..the USA dollar, the
mighty dollar, has gone the way of the lira...........worth noting
in future trade deals/payments to Americans........payment in
playing cards will do, BUT watch just exactly how many playing
cards....no sense in over paying you know....meanwhile I'm off to
see the President, I just have to know how many playing cards it
will take to buy Manhattan Island off of'em.........
Secret Squirrel,
MRL,MP,Dunny On The Wold,
Minister For Re-Deranged Re-Engineering.
Friday, November 9, 2012
Secret Squirrel Proposes The Choco Bar As Currency.
Secret Squirrel has come upon chocolate, become fascinated by it, in
more ways than one, besides liking it.Chocolate has quite an interesting
history, not that we'll go in to ALL of it, be we will touch base with
some of it.
In France, chocolate was a state monopoly.
According to legend, the French court’s love of chocolate was sealed when its new, self-confessed chocoholic queen, Anne of Austria (daughter of King Philip III of Spain), married Louis XIII in 1615(She and he were 11 at the time).Chocolate became an instant status symbol, and by decree, no one but members of the French aristocracy were allowed to drink it.
In England, anyone with money could drink chocolate.
The first chocolate house opened in London in 1657. Like coffee shops, which became popular much later, chocolate houses were places to enjoy a hot drink, discuss politics, socialize, and gamble.Many chocolate houses admitted only men. Others were open to anyone who could afford the entrance fee.
In countries like Ghana and Ivory Coast, people rarely eat chocolate because it is worth more to them as a trade product than as a food.
Well Candy is dandy, and at times even yet money..........here consider.......In the decades after WWII, Italy had some serious money problems: bills with so many zeros they make your eyes swim. And small change? It was just too crazy. The smallest bill was 500 lira. 5 lira coins and 10 lira coins, valued at less than a penny, were hardly worth the trouble, but many kinds of purchases ended up with these small amounts in play. The mint couldn’t keep enough coins in circulation to meet the need for small shops. So most of the time, when you went to buy groceries or
a pack of kleenex or a newspaper, you’d pay with a bill and get your change in, well, stuff. I got bandaids once, and a pencil another time. But the most popular alternative was candy.
This seemed quaint and charming to me at the time, a happy traveler just passing through. But there were problems. Because it turns out that although the shop can give you candy as change, they are unlikely to accept candy as credit toward the purchase of something else. Modern economies depend on MONEY as a single currency of exchange in every direction. Candy just doesn’t do.
Well, Italy solved its problem when everybody joined the Union and the Euro took the place of their desperate currency in 2002. But it turns out that the candy money problem pops up in other places as well.
For example: in Indonesia, a recent study revealed that 10 percent of the country’s retailers are giving change in candy. This has evidently been a long standing problem. In July, the retailers association agreed to stop doing the candy thing, and use only coins. The government promised to make more coins so no one would have the excuse of coin shortage. But still, the candy rules the cash
register. The shop keepers claim they are charged a 1 percent premium by the banks for stocking change, so they prefer using candy.
Now take note that when the Euro replaced the franc on 1 January 1999, the franc was worth less than an eighth of its original 1960 value.The price of chocolate, and candy bars, has steadily risen, never declined.28 Jan 2008 – Price of Hershey's candy bars going up 13% ... The price increase, effective immediately, boosts wholesale prices by 13 percent on standard The Hershey Company says it is raising
wholesale prices by 9.7% on most of its candy products.
26 Nov 2009 – That means that nearly half of the price increase in candy bars has come in just three years, for about a 24% increase in price per year.The price has never ever fallen you know, just increased.
Now ponder this out,1 euro = 1.2771 Canadian dollars....1.28 US dollars....1.24 Aussie dollars.............so what with tax.........a choco bar is a taxed euro,really at the present, say Canadian rate of $1.50 as found in the candy bar machine, consistant with all candy bars,of any variety and any size, therefor, the euro could be replaced by the much more useful candy bar exchange system.............say the choco bar.In short the simple solution to end the world debt crisis is to a
form of a currency candy bar.
"Currently, we are printing euros just as fast as we can," an EU spokesman said. "That lowers the value of the euro and reduces prices on our exports, so we can be more competitive on the world market." And so too is everyone else in the world, and this lowers the value of the currency itself, and the currency against other currencies, each and evry one in turn and aginst the other.In short currencies are unstable, and keep falling in value, subject to inflationary trends, and overprintings and whatever have you and we. Well consider this, I have mentioned, that candy bars never fall in value, rather the rise in value, currencies fall, and they may rise, but bbasicly candy bar prices remain stable, or, rise,never fall.In short they themselves have their upward valuation affected by inflation such that they simply rise in value, never fall in value, the currencies fall in value against the choco bar you know. An economic fact,and indisputable economic fact.And plainly and simply, it doesn't matter how many choco bars are manufactured by any and ALL companies, and marketed, their price does NOT fall, it remains constant OR RISES.......NEVER FALLS IN VALUE!! Now that's bang for the buck, solid bang,constant bang, unfailing bang,unyielding bang,undeclining in value bang!The economics of it is utterly indestructable!
Now picture this, the use of the choco bar as a global currency standard! Yes, it can be used as an exchange currency,indeed even today, and even yet need really not be stored, you see the idea of the exchange is really an utter and complete artificiality, in reality, but the bars themselves do exist.
In short say convert the value of a lira sale to choco bars in value, say at the going rate, then,doing an uneccesary physical transfer(we can substitute a litteral artificial on paper only transfer), convert from the choco bar value to whatever ,say ,dollars.You see.it works, the choco is an exchange currency quite simply, and existing real and tangible exchange currency which never declines in
value,only rises. The deal is done, exchange is made, no problems!How different this is from the US dollar which has been used in the past, but noadays is being frowned on as a simple fiat currency, paper print up. Well the Americans can print up their currency whilly nilly and not have problems, but not it seems the Europeans.Clearly we need a new transfer currency FOR ALL and I SAY FOR ALL. The choco bar is to be used as a base exchange currency!! Indeed nodoby can complain about how many choco bars exist, or are.manufactured,the US dollar is manufactured too, so who are they to complain.It works, across so many levels! Indeed should nations decide, they could conceivably have candy bar holdings in
tangible storage facilities, but these would require some refrigeration, or the facility held in a neutral site bank of convienience, say Greenland...BUT in terms of the artificiality of currency transactions in the first place, the existing stocks spread out in every nation's vending machines can and would simply do. Unquestionably.
There you have it, the Euro as a choco bar, the dollar as a choco bar, the Drachma as a choco bar,indeed all the world's varied currencies converted to the choco bar,for the purposes of exchange, and yet everyone would have a choco bar currency exchange rate of equal value!! Problem solved! The choco bar as currency.The world economy is saved! Saved by Secret Squirrel!
Secret Squirrel,
MRL,MP,(Dunny On The Wold),
Minister For Re-Deranged Re-Engineering.
In France, chocolate was a state monopoly.
According to legend, the French court’s love of chocolate was sealed when its new, self-confessed chocoholic queen, Anne of Austria (daughter of King Philip III of Spain), married Louis XIII in 1615(She and he were 11 at the time).Chocolate became an instant status symbol, and by decree, no one but members of the French aristocracy were allowed to drink it.
In England, anyone with money could drink chocolate.
The first chocolate house opened in London in 1657. Like coffee shops, which became popular much later, chocolate houses were places to enjoy a hot drink, discuss politics, socialize, and gamble.Many chocolate houses admitted only men. Others were open to anyone who could afford the entrance fee.
In countries like Ghana and Ivory Coast, people rarely eat chocolate because it is worth more to them as a trade product than as a food.
Well Candy is dandy, and at times even yet money..........here consider.......In the decades after WWII, Italy had some serious money problems: bills with so many zeros they make your eyes swim. And small change? It was just too crazy. The smallest bill was 500 lira. 5 lira coins and 10 lira coins, valued at less than a penny, were hardly worth the trouble, but many kinds of purchases ended up with these small amounts in play. The mint couldn’t keep enough coins in circulation to meet the need for small shops. So most of the time, when you went to buy groceries or
a pack of kleenex or a newspaper, you’d pay with a bill and get your change in, well, stuff. I got bandaids once, and a pencil another time. But the most popular alternative was candy.
This seemed quaint and charming to me at the time, a happy traveler just passing through. But there were problems. Because it turns out that although the shop can give you candy as change, they are unlikely to accept candy as credit toward the purchase of something else. Modern economies depend on MONEY as a single currency of exchange in every direction. Candy just doesn’t do.
Well, Italy solved its problem when everybody joined the Union and the Euro took the place of their desperate currency in 2002. But it turns out that the candy money problem pops up in other places as well.
For example: in Indonesia, a recent study revealed that 10 percent of the country’s retailers are giving change in candy. This has evidently been a long standing problem. In July, the retailers association agreed to stop doing the candy thing, and use only coins. The government promised to make more coins so no one would have the excuse of coin shortage. But still, the candy rules the cash
register. The shop keepers claim they are charged a 1 percent premium by the banks for stocking change, so they prefer using candy.
Now take note that when the Euro replaced the franc on 1 January 1999, the franc was worth less than an eighth of its original 1960 value.The price of chocolate, and candy bars, has steadily risen, never declined.28 Jan 2008 – Price of Hershey's candy bars going up 13% ... The price increase, effective immediately, boosts wholesale prices by 13 percent on standard The Hershey Company says it is raising
wholesale prices by 9.7% on most of its candy products.
26 Nov 2009 – That means that nearly half of the price increase in candy bars has come in just three years, for about a 24% increase in price per year.The price has never ever fallen you know, just increased.
Now ponder this out,1 euro = 1.2771 Canadian dollars....1.28 US dollars....1.24 Aussie dollars.............so what with tax.........a choco bar is a taxed euro,really at the present, say Canadian rate of $1.50 as found in the candy bar machine, consistant with all candy bars,of any variety and any size, therefor, the euro could be replaced by the much more useful candy bar exchange system.............say the choco bar.In short the simple solution to end the world debt crisis is to a
form of a currency candy bar.
"Currently, we are printing euros just as fast as we can," an EU spokesman said. "That lowers the value of the euro and reduces prices on our exports, so we can be more competitive on the world market." And so too is everyone else in the world, and this lowers the value of the currency itself, and the currency against other currencies, each and evry one in turn and aginst the other.In short currencies are unstable, and keep falling in value, subject to inflationary trends, and overprintings and whatever have you and we. Well consider this, I have mentioned, that candy bars never fall in value, rather the rise in value, currencies fall, and they may rise, but bbasicly candy bar prices remain stable, or, rise,never fall.In short they themselves have their upward valuation affected by inflation such that they simply rise in value, never fall in value, the currencies fall in value against the choco bar you know. An economic fact,and indisputable economic fact.And plainly and simply, it doesn't matter how many choco bars are manufactured by any and ALL companies, and marketed, their price does NOT fall, it remains constant OR RISES.......NEVER FALLS IN VALUE!! Now that's bang for the buck, solid bang,constant bang, unfailing bang,unyielding bang,undeclining in value bang!The economics of it is utterly indestructable!
Now picture this, the use of the choco bar as a global currency standard! Yes, it can be used as an exchange currency,indeed even today, and even yet need really not be stored, you see the idea of the exchange is really an utter and complete artificiality, in reality, but the bars themselves do exist.
In short say convert the value of a lira sale to choco bars in value, say at the going rate, then,doing an uneccesary physical transfer(we can substitute a litteral artificial on paper only transfer), convert from the choco bar value to whatever ,say ,dollars.You see.it works, the choco is an exchange currency quite simply, and existing real and tangible exchange currency which never declines in
value,only rises. The deal is done, exchange is made, no problems!How different this is from the US dollar which has been used in the past, but noadays is being frowned on as a simple fiat currency, paper print up. Well the Americans can print up their currency whilly nilly and not have problems, but not it seems the Europeans.Clearly we need a new transfer currency FOR ALL and I SAY FOR ALL. The choco bar is to be used as a base exchange currency!! Indeed nodoby can complain about how many choco bars exist, or are.manufactured,the US dollar is manufactured too, so who are they to complain.It works, across so many levels! Indeed should nations decide, they could conceivably have candy bar holdings in
tangible storage facilities, but these would require some refrigeration, or the facility held in a neutral site bank of convienience, say Greenland...BUT in terms of the artificiality of currency transactions in the first place, the existing stocks spread out in every nation's vending machines can and would simply do. Unquestionably.
There you have it, the Euro as a choco bar, the dollar as a choco bar, the Drachma as a choco bar,indeed all the world's varied currencies converted to the choco bar,for the purposes of exchange, and yet everyone would have a choco bar currency exchange rate of equal value!! Problem solved! The choco bar as currency.The world economy is saved! Saved by Secret Squirrel!
Secret Squirrel,
MRL,MP,(Dunny On The Wold),
Minister For Re-Deranged Re-Engineering.
Saturday, November 20, 2010
Secret Squirrel On Attempts To Emulate America's Previously Unfathomed Monetary System.
Secret Squirrel has noticed something,namely, that the US national debt keeps growing and growing and growing, and American government keeps spending and spending and spending, giving those it spends to, vast amounts,ever increasing amounts, of American currency,for things it purchases or spends on, such as the military,gifts (subsidies and such other named differently gifts)to corporations etc et all, except for it's people on whom it spends as little if possible if anything. Now what with the US debt, being firstly, millions, then billions, and now trillions and whatever else comes next,in the United States, it'll be 1000 billion. In most other countries, it's "quadrillion". The dollar remains a dollar,regardless, to Americans and the rest of the world, regardless of debt, whilst in the rest of the world, America it seems, screams overprinting and it seems that currency is devalued against the US dollar standard of the world,and everybody elses as well,and in turn their against the American dollar and everybody elses as well.
It's the strange way of the world, the world of global currency,high finance,economics and whatever else they call it. It's been noticed the Turks tried to print up a million dollar bill, in their currency, the bir, well they have lots of birs but one million birs can be purchased for the price of 90cents US,in old aged birs,or lirasi as they're known.It's all because old birs go stale and so only new birs are worth it.What's to be said for it all, in light of the above?Well,as the song says, "Money,money,money,must be funny, in a rich man's world."
Well I have fathomed how America is doing this all.It's because the rest of the world has been tied to the US dollar in value and with the US basically overseeing what it claims are monetary overprinting infractions. What the American government does, is quite simply print up Treasury Bills(Certificate or some such),of any value they particularly require,and then they go to the US Treasury Department, which then happily takes said certificate(bills as they were), and then it prints up and gives to the US government,whom ever presented said bill/certificate
the equivalent in currency. This repeats each year to pay the debt world wide and whatever have you, while the Treasury Department debt mounts,but is ignored and everything's all right as long as they have the certificates on file.
One wonders what happens if they should loose said certificate, would this have a reducing effect on the national debt of America? I should think not, because if it did, they surely would be doing just that, in all wisdom. Regrettably the other
nations of the world are not as wise as America being tied to the American currency. One wonders now, if they would wisely tie their currency, to their own currency as the Americans do,thence they follow the American system of setting up a
Treasury Department, printing Treasury Certificates of the desired values, and having their Treasury Department print up their currency as they need.You notice I did not refer to printing up US Treasury Certificates and going to their Treasury
Department as I do believe the Americans would consider that to be counterfeiting and similar to printing false currencies based on their treasury certificates.
What ever shall we do? Not wishing to test the American waters ourselves,we could
try,perhaps, a test printing of a US Treasury Certificate, and have the government of Britain send, say, Rosencrantz Martin Luther King, and Guildenstern Martin Luther King,Jr attempt to cash said certificate for the good of the people of, and on the behalf of, the people and government of Britain. Mind there may be some who would consider that a for of use and abuse of the ignorant,and so not being considered to be politically correct as we are out of the times of The Empire,then moving with the times, we must pursue yet another course of action. We go with an alternate plan. We have say,with some suitable encouragement,I was initially going to suggest Iceland for the test as they're flat broke, or the Irish, equally so, but then again there is the previously mentioned politically incorrect aspect to things with respect to them, and the french who were not mentioned as they would never believe we were doing them any great favour. So, let's say we try with the last friend we have in the world,and equally as in dire straits as we are, we go to the New Zealanders. We encourage them to join our club, The Clube Des Billionaires, The Clube Des Trillionaires, The Club Des Quadrillionaires, much as the sardines are,after all the plan is a real Kipper,and indeed things being as they are, an American dollars based on the system they use to procure them are worth, in reality,in the light of financial sanity, one sardine,except they won't as yet acknowledge it as being so.
So, the New Zealanders set up their Department Of the Treasury. The Government procures a printing press which prints the new Treasury Certificates(Bills, what ever have you as the Americans do and you don't,or perhaps can't), and then they take those printed Certificates, printed with certain required values of currency on them as necessary, be it millions,billions or trillions and whatever else as the years progress, and the New Zealand Department of Treasury then prints up the money as the New Zealand government sees fit. We then sit back and watch the reaction of the US government and the rest of the world to a system parallel to that
of the US government and it's Treasury system.
It works so well for the Americans, it must be just that we never knew how they did it and nobody thought to do what they do.In either case,we'll never know till we try,err till they try, the New Zealanders that is, and having given it the good college try as it were, should the New Zealanders for some strange reason fail as it were, they will still be, after all,our remaining friends.
It's the strange way of the world, the world of global currency,high finance,economics and whatever else they call it. It's been noticed the Turks tried to print up a million dollar bill, in their currency, the bir, well they have lots of birs but one million birs can be purchased for the price of 90cents US,in old aged birs,or lirasi as they're known.It's all because old birs go stale and so only new birs are worth it.What's to be said for it all, in light of the above?Well,as the song says, "Money,money,money,must be funny, in a rich man's world."
Well I have fathomed how America is doing this all.It's because the rest of the world has been tied to the US dollar in value and with the US basically overseeing what it claims are monetary overprinting infractions. What the American government does, is quite simply print up Treasury Bills(Certificate or some such),of any value they particularly require,and then they go to the US Treasury Department, which then happily takes said certificate(bills as they were), and then it prints up and gives to the US government,whom ever presented said bill/certificate
the equivalent in currency. This repeats each year to pay the debt world wide and whatever have you, while the Treasury Department debt mounts,but is ignored and everything's all right as long as they have the certificates on file.
One wonders what happens if they should loose said certificate, would this have a reducing effect on the national debt of America? I should think not, because if it did, they surely would be doing just that, in all wisdom. Regrettably the other
nations of the world are not as wise as America being tied to the American currency. One wonders now, if they would wisely tie their currency, to their own currency as the Americans do,thence they follow the American system of setting up a
Treasury Department, printing Treasury Certificates of the desired values, and having their Treasury Department print up their currency as they need.You notice I did not refer to printing up US Treasury Certificates and going to their Treasury
Department as I do believe the Americans would consider that to be counterfeiting and similar to printing false currencies based on their treasury certificates.
What ever shall we do? Not wishing to test the American waters ourselves,we could
try,perhaps, a test printing of a US Treasury Certificate, and have the government of Britain send, say, Rosencrantz Martin Luther King, and Guildenstern Martin Luther King,Jr attempt to cash said certificate for the good of the people of, and on the behalf of, the people and government of Britain. Mind there may be some who would consider that a for of use and abuse of the ignorant,and so not being considered to be politically correct as we are out of the times of The Empire,then moving with the times, we must pursue yet another course of action. We go with an alternate plan. We have say,with some suitable encouragement,I was initially going to suggest Iceland for the test as they're flat broke, or the Irish, equally so, but then again there is the previously mentioned politically incorrect aspect to things with respect to them, and the french who were not mentioned as they would never believe we were doing them any great favour. So, let's say we try with the last friend we have in the world,and equally as in dire straits as we are, we go to the New Zealanders. We encourage them to join our club, The Clube Des Billionaires, The Clube Des Trillionaires, The Club Des Quadrillionaires, much as the sardines are,after all the plan is a real Kipper,and indeed things being as they are, an American dollars based on the system they use to procure them are worth, in reality,in the light of financial sanity, one sardine,except they won't as yet acknowledge it as being so.
So, the New Zealanders set up their Department Of the Treasury. The Government procures a printing press which prints the new Treasury Certificates(Bills, what ever have you as the Americans do and you don't,or perhaps can't), and then they take those printed Certificates, printed with certain required values of currency on them as necessary, be it millions,billions or trillions and whatever else as the years progress, and the New Zealand Department of Treasury then prints up the money as the New Zealand government sees fit. We then sit back and watch the reaction of the US government and the rest of the world to a system parallel to that
of the US government and it's Treasury system.
It works so well for the Americans, it must be just that we never knew how they did it and nobody thought to do what they do.In either case,we'll never know till we try,err till they try, the New Zealanders that is, and having given it the good college try as it were, should the New Zealanders for some strange reason fail as it were, they will still be, after all,our remaining friends.
Friday, April 23, 2010
Secret Squirrel,Increasing The Value Of The Pound
The MRL Currency Crisis Solution
Secret Squirrel knows Britain faces a currency crisis what with the virtual collapse of the pound to near 1 US dollar.
Now.....you know what they say penny wise.......Pound foolish.........how much is a Pound worth after the government foolishly ignored it in favor of watching pennies?
Presently against the US dollar it is worth $1.41. In 1970(I know it's so retro,but we're not going in to the 60's, times were just too good),it was $2.21, about a 45% crash. The signs were there, the writing was on the wall......the headlines read....."Pound COLLAPSES! TAKE WOODEN NICKLES!"
Well at the local coin shop, wooden nickels can be had for 50cents......consider 20 wooden nickles to the wooden dollar...a wooden dollar is now worth $10US,a considerably higher US dollar rate than the pound! But you'll see why we won't consider the British Pound against the Wooden Dollar,though in light of the modern crisis going to the wooden nickle dollar we would be much better off,there is still yet a better solution.
But I have discovered a much better solution............originally the currency was the egg..................it then proceeded to the evolution of the Groat, which while it did not have much value in its day, as the Pound has depreciated, the Groat has increased to the astonishing figure of $140.00.
Now figure that against the US Dollar the 2009 Pound is worth $1.41, but the same US dollar against the Groat,NOWADAYS (just check any coin shop)the 1885 Groat is a spectacular $140.00. So all that remains to be done, is to change our currency from the Pound Sterling to the Groat Sterling,the 1885 ones.
Ah! Indeed! There's no Groat like an Olde Groat!
Secret Squirrel,
M.R.L.,
Minister for Re-Deranged Re-Engineering.
.....
MRL On Increasing The Value Of The Pound
I,Secret Squirrel,have determined a way to increase the value of the pound.
Have you got a 20p worth £50 in your pocket? Thousands of undated coins produced in Royal Mint blunder
20p
The Daily Mail informs us that a rare error at the Royal Mint means that tens of thousands of the coins produced earlier this year don't have 2009 stamped on them. Coin experts say the lack of a date makes them worth £50 each, and potentially much more in future.However things are very interesting as it has been stated,according to The Sun, that the Government Mint, has stated it will buy back these coins from the public at a rate of 50Pounds..............curious, from 20p value to 50pounds retrograde, why that's a loss of Pounds 49.80 on each............the best the Labour Government can do is loose the public's money.
Interesting but worth mentioning what with the fall of the pound in value................It seems that to save Britain's currency, it only has to be printed or stamped without a date on it. One wonders if the Labour government will realize this or remain in it's usual state of stupified inactivity. Why the mind boggles, let's see, 20p, means each pound of course has 100p, at 100p, this would make a pound value in direct mathematical relationship...........250Pounds...........that would certainly improve the lot of the British citizenry.
But alas and alack, what does the Government do, try to buy back the valuable currency at a high rate........what a sad and sorry lot Labour are.
Secret Squirrel.
M.R.L.,
Minister For Re-Deranged Re-Engineering.
.................................
The MRL,A Brilliant Discovery For Economic recovery.
Secret Squirrel has pondered the problem of coming out of the recession.
Well now, what with the stress of modern times, the recession, the reducing value of the currency(s) in use,against the US Dollar base.......... has caused much consternation, just look at the headlines found below.............
"Dollar falls to one-year euro low.
The dollar fell ahead of meetings of the G20 and Federal Reserve
The US dollar has fallen to a one-year low against the euro ahead of the G20 meeting of world leaders.
The dollar dropped to $1.4840 against the euro and it also fell against a basket of other currencies".
Interesting isn't it, this means the present recession is yet a good thing, the dollar dropped against the Euro in value,dropped mind, in comparison to ..........we also see................
"In Britain, a worsening reading of unemployment helped send the pound lower........"
And yet more...............
"The Australian dollar rose.
The Aussie is now at its strongest versus the U.S. dollar since August .... Can The World Change?"
And yet more speculation on currency problem and what with....the currency the world uses as a base, the US Dollar................
"UN Wants New Currency To Replace Dollar........."
But what do we also find..........
"BBC NEWS , UK , Scotland , ..............Scottish £1 goes for record price
23 Sep 2009 ... A Scottish banknote from 1836 has sold for a world record price at auction. The £1 note sold for £9000 ($US14,800) at the charity auction ..."
Aha, we find people charitable to the Scottish pound! Imagine, 9000 British pounds to buy an old Scottish Pound..........well wasn't it the American P.T.Barnum who said "There's a sucker born every minute!"............obviously he was right, but if the people must be suckers we must most definatally take advantage of that situation....indeed, imagine 9000pounds for an old Scottish pound! Imagine how they value then new Scottish pound..............it stands to reason. And the new Scottish pound is printed up, quite simply, Willy Nilly, or is it Scotty Dotty............So to solve problems with the recession, the economy,the falling value of British pound currency, we simply go to to use of the Scottish pound. And what of the US Dollar, as if you really care. Well, all things considered, we always need a currency for comparison,of course. Now I know you're thinking, we must change the world comparative currency, from the US dollar. Well, no, in light of this brilliant economic discovery, we find we must keep the US dollar as the world base, indeed, we now have the US dollar as the jackas* currency to compare the new Scottish pound to, the currency which we can all now laugh at!!!!!! Now I fully realize that it might well be an embarrasement to run about and use the Scottish pounds, but we must rise above pettiness, rise above humiliation,we must all take our mulligan..........for a time, at any rate,say five or so years,after getting used to the much higher value currency, we merely replace the term Scottish on the note, to British!!Britain's economy,the economic problems, the recession problem...........all now solved!!! All that needs be, is we must bring in the winds of change!!!!!!!!!! As for me, well, I'm grabbing a bunch of new Scottish pounds and am off to Christie's to see what I can get for'em in British pounds.
Secret Squirrel,
M.R.L.,
Minister For Re-Deranged Re-Engineering.
........................
Secret Squirrel knows Britain faces a currency crisis what with the virtual collapse of the pound to near 1 US dollar.
Now.....you know what they say penny wise.......Pound foolish.........how much is a Pound worth after the government foolishly ignored it in favor of watching pennies?
Presently against the US dollar it is worth $1.41. In 1970(I know it's so retro,but we're not going in to the 60's, times were just too good),it was $2.21, about a 45% crash. The signs were there, the writing was on the wall......the headlines read....."Pound COLLAPSES! TAKE WOODEN NICKLES!"
Well at the local coin shop, wooden nickels can be had for 50cents......consider 20 wooden nickles to the wooden dollar...a wooden dollar is now worth $10US,a considerably higher US dollar rate than the pound! But you'll see why we won't consider the British Pound against the Wooden Dollar,though in light of the modern crisis going to the wooden nickle dollar we would be much better off,there is still yet a better solution.
But I have discovered a much better solution............originally the currency was the egg..................it then proceeded to the evolution of the Groat, which while it did not have much value in its day, as the Pound has depreciated, the Groat has increased to the astonishing figure of $140.00.
Now figure that against the US Dollar the 2009 Pound is worth $1.41, but the same US dollar against the Groat,NOWADAYS (just check any coin shop)the 1885 Groat is a spectacular $140.00. So all that remains to be done, is to change our currency from the Pound Sterling to the Groat Sterling,the 1885 ones.
Ah! Indeed! There's no Groat like an Olde Groat!
Secret Squirrel,
M.R.L.,
Minister for Re-Deranged Re-Engineering.
.....
MRL On Increasing The Value Of The Pound
I,Secret Squirrel,have determined a way to increase the value of the pound.
Have you got a 20p worth £50 in your pocket? Thousands of undated coins produced in Royal Mint blunder
20p
The Daily Mail informs us that a rare error at the Royal Mint means that tens of thousands of the coins produced earlier this year don't have 2009 stamped on them. Coin experts say the lack of a date makes them worth £50 each, and potentially much more in future.However things are very interesting as it has been stated,according to The Sun, that the Government Mint, has stated it will buy back these coins from the public at a rate of 50Pounds..............curious, from 20p value to 50pounds retrograde, why that's a loss of Pounds 49.80 on each............the best the Labour Government can do is loose the public's money.
Interesting but worth mentioning what with the fall of the pound in value................It seems that to save Britain's currency, it only has to be printed or stamped without a date on it. One wonders if the Labour government will realize this or remain in it's usual state of stupified inactivity. Why the mind boggles, let's see, 20p, means each pound of course has 100p, at 100p, this would make a pound value in direct mathematical relationship...........250Pounds...........that would certainly improve the lot of the British citizenry.
But alas and alack, what does the Government do, try to buy back the valuable currency at a high rate........what a sad and sorry lot Labour are.
Secret Squirrel.
M.R.L.,
Minister For Re-Deranged Re-Engineering.
.................................
The MRL,A Brilliant Discovery For Economic recovery.
Secret Squirrel has pondered the problem of coming out of the recession.
Well now, what with the stress of modern times, the recession, the reducing value of the currency(s) in use,against the US Dollar base.......... has caused much consternation, just look at the headlines found below.............
"Dollar falls to one-year euro low.
The dollar fell ahead of meetings of the G20 and Federal Reserve
The US dollar has fallen to a one-year low against the euro ahead of the G20 meeting of world leaders.
The dollar dropped to $1.4840 against the euro and it also fell against a basket of other currencies".
Interesting isn't it, this means the present recession is yet a good thing, the dollar dropped against the Euro in value,dropped mind, in comparison to ..........we also see................
"In Britain, a worsening reading of unemployment helped send the pound lower........"
And yet more...............
"The Australian dollar rose.
The Aussie is now at its strongest versus the U.S. dollar since August .... Can The World Change?"
And yet more speculation on currency problem and what with....the currency the world uses as a base, the US Dollar................
"UN Wants New Currency To Replace Dollar........."
But what do we also find..........
"BBC NEWS , UK , Scotland , ..............Scottish £1 goes for record price
23 Sep 2009 ... A Scottish banknote from 1836 has sold for a world record price at auction. The £1 note sold for £9000 ($US14,800) at the charity auction ..."
Aha, we find people charitable to the Scottish pound! Imagine, 9000 British pounds to buy an old Scottish Pound..........well wasn't it the American P.T.Barnum who said "There's a sucker born every minute!"............obviously he was right, but if the people must be suckers we must most definatally take advantage of that situation....indeed, imagine 9000pounds for an old Scottish pound! Imagine how they value then new Scottish pound..............it stands to reason. And the new Scottish pound is printed up, quite simply, Willy Nilly, or is it Scotty Dotty............So to solve problems with the recession, the economy,the falling value of British pound currency, we simply go to to use of the Scottish pound. And what of the US Dollar, as if you really care. Well, all things considered, we always need a currency for comparison,of course. Now I know you're thinking, we must change the world comparative currency, from the US dollar. Well, no, in light of this brilliant economic discovery, we find we must keep the US dollar as the world base, indeed, we now have the US dollar as the jackas* currency to compare the new Scottish pound to, the currency which we can all now laugh at!!!!!! Now I fully realize that it might well be an embarrasement to run about and use the Scottish pounds, but we must rise above pettiness, rise above humiliation,we must all take our mulligan..........for a time, at any rate,say five or so years,after getting used to the much higher value currency, we merely replace the term Scottish on the note, to British!!Britain's economy,the economic problems, the recession problem...........all now solved!!! All that needs be, is we must bring in the winds of change!!!!!!!!!! As for me, well, I'm grabbing a bunch of new Scottish pounds and am off to Christie's to see what I can get for'em in British pounds.
Secret Squirrel,
M.R.L.,
Minister For Re-Deranged Re-Engineering.
........................
Thursday, March 25, 2010
MRl Solves Financial Crisis' Of Modern Times
Keywords:
mrl, money, currency,economy, financial, finances
MRL Solves Financial Crisis Of The Day,By Printing Money,Cheaply.
The core problem in today's financial crisis is that our beliefs about "money" have been shattered. We have lost faith in our "money". We woke up one morning and realized "money" wasn't real at all. It was just gone.Well I have discovered the system of the world that works in tiny third world countries, and in the illusionary high power economy nation of America.Now ponder this.
A Canadian company by the name British American Banknote Co., based in Ottawa - a subsidiary of Quebecor- has been printing large amounts of money for Somali Warlords, as reported in an article from the National Post of Canada on the 23rd June 99, and probably still does. They pay so much for the printing, and they get their money, lots more of their currency, printed up for them for their use.It worked.
Last Tuesday, the U.S. government announced that the budget deficit would reach $9 trillion over the next 10 years—$2 trillion more than previous projections. “That’s going to be negative for the dollar,” said Adam Boyton, a currency analyst at Deutsche Bank AG. Seeing the U.S. borrow so much will not increase investors’ faith in the dollar.The federal deficit/debt wants to try to reach Pluto. The answer is for the government to ask the Fed to just keep providing blank checks (ie, print money), ad infinitum.
According to the Telegraph, China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds.
You see what happens there, is the US government prints up Treasury Bonds, they then go to the Federal Reserve,which prints up money. It prints up money and buys the Treasury Bonds from the government(American), thus giving the American government money, and the keep the Treasury Bonds(later they can shred and recycle them).It works............So, the US government which didn't have any money at any particular time, bailed out Enron,bailed out the car companies, ran massively expensive wars.........all with money it suddenly found it had by simply printing up the none existent money in to an existent world.
Well, what works for America should work for Britain. I propose we apply a combined Canadian and American system of printing up money. We use the printed Bond system that America uses, the British government printing up the bonds, and then have the Bank Of England buy the bonds, simply printing up the currency as we need, BUT we go with the cheaper system of having a foreign banknote printing company do the printing and so realize a greater saving by printing up in a cheaper location.
However, we go one better and perhaps heal our differences with the Zimbabwe government, and have the Zimbabwe Printing Company print up the required pounds at a really cheaped rate. Thus we have more money to spend, the government has an unlimited supply(look at the vast sums the American government procurred under its printing program).Since "money" is essentially a belief system, to solve our problem we need to recreate that belief system,produce and exhibit more money, increasing government spending in the private sectors, injecting money in to private businesses, injecting more money in to governmental social structure! As the French say,"Laissez Les Bons Temps Roullez", and it is money which makes the good times roll.Economic problems solved!!!!!!!!!
Secret Squirrel,
MRL,
Minister For Re-Deranged Re-Engineering.
.......................
Here's a bit of economic advice from me, Secret Squirrel,MRL,Minister for Re-Deranged Re-Engineering.......................
There's an easy way for the Republicans or Democrats to make money in this disgusting economic collapse situation, beside simply printing it up as necessary. What they should do, is simply tell the Canadians that their money is now worth only 50 cents U.S. Now since the Canadians have to buy from the U.S. in American dollars(since nobody else I'll take Canadian money anyway), what America offers to do, is to BUY up Canadian money giving them useful American money, $1 U.S. and $.1, Canadian taken in..........now that's 50% increase, as in 50 cents Canadian times two to the dollar(Canadian). Now since the British pound is pegged against the Canadian Dollar, we simply have to buy up British pounds using the Canadian money(since Britain has to take Canadian currency). What we then do with the British pound, is convert that to American money..............and PRESTO!! We've made a profit on the international money market, doubling our useful currency!! But are the Republicans or Democrats intelligent enough to do it? Britain should do this too but the New Labour government has far too much angst concerning the Canadians to make it work.
Secret Squirrel,
MRL,
Minister for Re-Deranged Re-Engineering
...................................................
mrl, money, currency,economy, financial, finances
MRL Solves Financial Crisis Of The Day,By Printing Money,Cheaply.
The core problem in today's financial crisis is that our beliefs about "money" have been shattered. We have lost faith in our "money". We woke up one morning and realized "money" wasn't real at all. It was just gone.Well I have discovered the system of the world that works in tiny third world countries, and in the illusionary high power economy nation of America.Now ponder this.
A Canadian company by the name British American Banknote Co., based in Ottawa - a subsidiary of Quebecor- has been printing large amounts of money for Somali Warlords, as reported in an article from the National Post of Canada on the 23rd June 99, and probably still does. They pay so much for the printing, and they get their money, lots more of their currency, printed up for them for their use.It worked.
Last Tuesday, the U.S. government announced that the budget deficit would reach $9 trillion over the next 10 years—$2 trillion more than previous projections. “That’s going to be negative for the dollar,” said Adam Boyton, a currency analyst at Deutsche Bank AG. Seeing the U.S. borrow so much will not increase investors’ faith in the dollar.The federal deficit/debt wants to try to reach Pluto. The answer is for the government to ask the Fed to just keep providing blank checks (ie, print money), ad infinitum.
According to the Telegraph, China has warned a top member of the US Federal Reserve that it is increasingly disturbed by the Fed's direct purchase of US Treasury bonds.
You see what happens there, is the US government prints up Treasury Bonds, they then go to the Federal Reserve,which prints up money. It prints up money and buys the Treasury Bonds from the government(American), thus giving the American government money, and the keep the Treasury Bonds(later they can shred and recycle them).It works............So, the US government which didn't have any money at any particular time, bailed out Enron,bailed out the car companies, ran massively expensive wars.........all with money it suddenly found it had by simply printing up the none existent money in to an existent world.
Well, what works for America should work for Britain. I propose we apply a combined Canadian and American system of printing up money. We use the printed Bond system that America uses, the British government printing up the bonds, and then have the Bank Of England buy the bonds, simply printing up the currency as we need, BUT we go with the cheaper system of having a foreign banknote printing company do the printing and so realize a greater saving by printing up in a cheaper location.
However, we go one better and perhaps heal our differences with the Zimbabwe government, and have the Zimbabwe Printing Company print up the required pounds at a really cheaped rate. Thus we have more money to spend, the government has an unlimited supply(look at the vast sums the American government procurred under its printing program).Since "money" is essentially a belief system, to solve our problem we need to recreate that belief system,produce and exhibit more money, increasing government spending in the private sectors, injecting money in to private businesses, injecting more money in to governmental social structure! As the French say,"Laissez Les Bons Temps Roullez", and it is money which makes the good times roll.Economic problems solved!!!!!!!!!
Secret Squirrel,
MRL,
Minister For Re-Deranged Re-Engineering.
.......................
Here's a bit of economic advice from me, Secret Squirrel,MRL,Minister for Re-Deranged Re-Engineering.......................
There's an easy way for the Republicans or Democrats to make money in this disgusting economic collapse situation, beside simply printing it up as necessary. What they should do, is simply tell the Canadians that their money is now worth only 50 cents U.S. Now since the Canadians have to buy from the U.S. in American dollars(since nobody else I'll take Canadian money anyway), what America offers to do, is to BUY up Canadian money giving them useful American money, $1 U.S. and $.1, Canadian taken in..........now that's 50% increase, as in 50 cents Canadian times two to the dollar(Canadian). Now since the British pound is pegged against the Canadian Dollar, we simply have to buy up British pounds using the Canadian money(since Britain has to take Canadian currency). What we then do with the British pound, is convert that to American money..............and PRESTO!! We've made a profit on the international money market, doubling our useful currency!! But are the Republicans or Democrats intelligent enough to do it? Britain should do this too but the New Labour government has far too much angst concerning the Canadians to make it work.
Secret Squirrel,
MRL,
Minister for Re-Deranged Re-Engineering
...................................................
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