Memo to President Obama and Chairman Bernanke: A solution to the budget deficit

Dear Mr. President, and Chairman Bernanke:

I discovered a solution to the problem of the Federal budget deficit.  The deficit stands at roughly 1.5 trillion.  The solution is to print 300 billion 100 trillion dollar bills.  Obviously such notes would eventually be worth nothing in terms of currency, as was the experience in Zimbabwe.  But I’ve now learned that the 100 trillion Zimbabwe dollar note is selling to tourists at $5 US as a souvenir. 300 billion 100 trillion dollar bills at $5 each would be worth 1.5 trillion and you could sell them to collectors, tourists and speculators alike.

Just a thought.

Have a great day.

The Righteous Investor

Advertisements