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Friday, July 17, 2009

Price of Inflation

Okay saw this on tv this morning thought you'd get a kick out of it:

a Check written on July 19,1969 for $10.50 by Neil Armstrong (the first man on the moon on the day of the launch) which was never cashed was just auctioned off for $27,350 ...

but there's a better example:

a man goes into a convienience store to buy a pack of cigarettes and was charged $2 -- until his bank statement came. He used his check card (like they incourage us to do) and -BOOM- it inflated just a little bit -- to $23 Trillion ... yep he was charged : $23,148,855,308,184,500.00
He of course also got charged for having overdrawn and having a negative credit, and lord knows how many checks he wrote are now going to bounce -- because the bank and Visa are blaming each other ... mean while he's sitting there waiting.
My question is = what is it going to do to his credit score! This might be funny now, but it won't be next time he goes for a loan and it comes up that he bounced all those checks.

And as long as we are talking banks ... there's a few banks in GA looking for a local big-wig restraunt owner ... see he owes them a bit of money ... $41MILLION ... he has skipped town, and the cops think he took the lamb all the way to the country of Jordan.

Too bad they didn't give those loans to Harley-Davidson ... the makers of the famous Hogs is laying off 1,000 workers. Amazing when you learn that there is actually a waiting list to get their bikes -- you would think they would be sitting pretty, wouldn't you?

Yep ... inflationary times.

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