Saturday, August 6, 2011

Hey, Buddy, Can You Spare a Dollar?

Not to help the U.S. government nor me:

"Greenbacks go gray as more prefer plastic; Printing of new US currency hits modern low" July 07, 2011|By Binyamin Appelbaum, New York Times

WASHINGTON - The number of dollar bills rolling off the great government presses here and in Fort Worth fell to a modern low last year.  

Does that not on the surface seem to smell like a huge, steaming stinker of a lie, what with Bernanke rolling those things to the tune of trillions?

Production of $5 bills also dropped to the lowest level in 30 years. And for the first time in that period, the Treasury Department did not print any $10 bills.  

But the $100 kind must have been doing good bidness, 'eh?

The meaning seems clear: Cash is in decline. 

Unless you are pulling down billions in bonuses as bank executives.

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There is no definitive data on all of this.

Cash transactions are notoriously hard to track, in part because people use cash when they do not want to be tracked.

That's why government-run drug operations and the banks they launder for love it.

But....  

If I see that one more time in a newspaper "report"..... 

In college they taught us those were bad words for a "report." 

But what, pos media?

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