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Archive for July 29th, 2008

Amchron -Dollar discontinued

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The Dollar discontinued has been picked up by The American Chronicle

Written by Jay Walker

July 29, 2008 at 10:20 pm

Posted in Uncategorized

“Sorry, the Dollar has been discontinued” Dollar freakout or Yet Another Budget Blunder

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The Dollar has been discontinued.

I saw a weird commercial recently. One of Burger King where someone somehow got control of a Burger King franchise for a day. The ad agency somehow convinced Burger King that it was a good idea to get the staff in one of their restaurants announce to everyone ordering one that the Whopper was discontinued.

The 30 seconds TV commercial mentions a site, a 7:50 long video where the full effect of people’s reactions can be seen. They vary from confusion, shock and anger. One nearly gets violent.

…over a burger.

So how are people supposed to react now that Bloomberg got a story out about the U.S. Deficit to reach $490 Billion in 2009?

Where is the confusion, where is the shock and anger? Where are the riots?

I don’t want anyone to get violent but my point should be pretty clear; If some individuals are getting so upset about losing a burger, they should just be raging mad about losing their dollar.

$490 Billion is unprecedented. It’s roughly 8 times the estimated fortune of the richest man in the world, Warren Buffett.

So the dollar has been discontinued! Well, not exactly because before discontinuation, there is devaluation. It’s not unprecedented. Germany experienced this in the 20’s with the discontinuation of the PapierMark which was devalued before being replaced with the RentenMark and then the DeutscheMark. The United States has also experienced this with the Continental which was also devalued and replaced with the Dollar as we know it today.

The way The Federal Reserve has been acting by flooding the markets with dollars has done nothing but worsen the crisis and has assisted in a devaluation of the Dollar. Looking at history, we can see what’s coming next…

“Sorry, the Dollar has been discontinued”.

Bloomberg:

U.S. Deficit to Reach Record $490 Billion in 2009

Written by Jay Walker

July 29, 2008 at 7:12 pm

Posted in Finance, economy

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