My Somewhat OK Idea to Save the Economy and the DollarSubmitted by chris cudnoski on Sat, 09/15/2012 - 15:21
I sent a postcard to Ben Bernanke with my brilliant idea to save the economy and he completely ignored it. I even used bright red crayon on both sides to make sure he'd see it!
If some of you techie-type people out there can figure out how to send an 'email' to Mr. Bernanke, or teach me how to do this, as well as how to make all the letters red so he'll know it's something important, let me know in the comments.
So here is my pretty good idea:
1. Everybody in America goes to a bank, any bank, with all of their money, and
1a. Give it to the bank.
2. The banks send all the money to Washington D.C., or wherever it is they have the printing presses for our money.
2a. The government of course gives the banks a receipt.
3. The printing company buys some red ink and gets some rubber stamps in the shape of an 'O' or a '0/zero'.
4. They stamp a zero on every bill after the number telling how much the bill is worth. For example, the 1s would become 10s, the 5s would become 50s, etc.
1 Dollar---becomes---10 Dollars
2 Dollars--becomes---20 Dollars
5 Dollars--becomes---50 Dollars
10 Dollars--becomes--100 Dollars
20 Dollars--becomes--200 Dollars
50 Dollars--becomes--500 Dollars
100 Dollars--becomes-1000 Dollars
5. The government mails the money back to the banks who give the money back to the people starting with whoever needs it the most. This would start with the rich since they would need the money to pay the middle class their $200,000-250,000 per year. Then the extremely poor to prevent rioting. Then the middle class cause they're the smallest group.
6. Everything is fixed!
Now, I can just hear all the naysayers: Chris. This idea isn't feasible. It's not realistic. Are you out of your frickin' gourd?
Possibly. But that doesn't take away from the brilliance and awesomeness of my idea. Allow me to explain why it's so great:
1. The money will be worth 10 times as much as it was, so people can buy 10 times as much stuff, creating jobs.
2. Only real money will be upgraded, so no counterfeit currency will get the red circle stamps. This will build confidence in the dollar.
3. Companies that produce red ink, rubber stamps, and those paper strips with dollar amounts printed on them will all get a boost, helping the stock market.
In conclusion, the Daily Paul does not offer the option to close comments on posts, so, if you must, let me know what you think below.