Wednesday, 1 May 2013

Debase, not de Base or...

Debase, not 'de Base' (picture the midget in the white suit saying "Boss, de Plane...") or an unfunny version of Abbott & Costello's "Who's on first" but a real and serious problem hiding in plain sight.

- The increasing worthlessness of coinage/currency (debasement).

On 25 April 2013 HR1717 was introduced to change all US one cent-five cent-ten cent-twentyfive cent coins to steel (the penny would still be 'washed' as the current zinc one now is to make it 'look' like copper).

- This is a pretty far cry from the pre-1965 90% Silver coinage.

As it was in Roman days, apparently so it is again today.

- As the empire collapses, the coinage is debased in tandem with it.

1 comment:

Anonymous said...

To complete the coinage similarity Obama must claim he is the God as the Emperors did.