Thursday, February 18, 2010

The Money Illusion

The Onion, once again, has the exclusive:

U.S. Economy Grinds To Halt As Nation Realizes Money Just A Symbolic, Mutually Shared Illusion

WASHINGTON—The U.S. economy ceased to function this week after unexpected existential remarks by Federal Reserve chairman Ben Bernanke shocked Americans into realizing that money is, in fact, just a meaningless and intangible social construct.

Calling it "basically no more than five rectangular strips of paper," Fed chairman Ben Bernanke illustrates how much "$200" is actually worth.

What began as a routine report before the Senate Finance Committee Tuesday ended with Bernanke passionately disavowing the entire concept of currency, and negating in an instant the very foundation of the world's largest economy.

"Though raising interest rates is unlikely at the moment, the Fed will of course act appropriately if we…if we…" said Bernanke, who then paused for a moment, looked down at his prepared statement, and shook his head in utter disbelief. "You know what? It doesn't matter. None of this—this so-called 'money'—really matters at all."

"It's just an illusion," a wide-eyed Bernanke added as he removed bills from his wallet and slowly spread them out before him. "Just look at it: Meaningless pieces of paper with numbers printed on them. Worthless." ............... 

Read the rest at The Onion and start buying your gold here.


People In The River said...

If we do not give enough trust to support these green papers, then they are just papers. Nothing more than this.

Steve Buckstein said...

Onion readers, and the rest of us, might want to take the course on money offered by the Philadelphia Fed. It's designed for third through fifth graders. Are you smarter than a fifth grader?

What is Money?

Chuck Sheketoff said...

The Onion is part of my daily reading, too.