US Treasury Approves President Trump's Plan To Phase Out All Paper Money in Favor of Crypto, Gold Coins
(a very BAD April Fool's joke, IMHO)
OK, this scared the hell out of me when I woke up--- it appeared on my smartphone, and it wasn't from 'The Onion' or any of the other 'parody-satire' sites---
YES, I know what day it is, but I don't expect such 'April Fools' jokes from any site which would think of itself as any kind of 'serious' news site--- !
AND, problem was, about the last half of the story failed to appear in my news-app, which often happens---
INCLUDING the last line that said 'April Fools!'
In the current 'Bizarro Trump World' we live in, where he creates US policy out of the bubbles emitting from his own ass,
and every new news story is a nightmare, some so crazy we believe they are 'The Onion' except they are NOT,
(think RFK Jr. collecting the dead racoon's penis)
it had the 'appearance of Trump-World Truth'--- especially the parts about naming the currency after himself,
and converting all US currency to crypto-currency!
I did a Google search on the subject and it produced numerous other copies of this same story,
which didn't help reduce my panic. Finally I added to the beginning of my search, "is it true?"
to which Google responded "no, it is satire".
To wit:
US Treasury Approves President Trump’s Plan To Phase Out All Paper Money in Favor of Crypto, Gold Coins
The days of pulling a crumpled $20 bill out of your wallet may be numbered. The U.S. Treasury has officially greenlit a sweeping monetary overhaul that will replace all paper currency with a combination of government-issued cryptocurrency and physical gold coins by 2027.
The plan calls for a full phase-out of paper money in favor of two new official forms of payment: TrumpCoin, a blockchain-based digital currency, and a line of gold coins embossed with the president’s likeness in denominations of $5, $20, $100 and what the Treasury memo describes simply as “the big one.”
“It’s a tremendous idea, maybe the greatest monetary decision in the history of this country, and that includes a lot of very good decisions,” President Trump said at a press conference Tuesday. “Gold is real. Crypto is the future. Paper is, frankly, very last century.”
How It Works
Starting Jan. 1, 2027, Americans will conduct all financial transactions using either TrumpCoin via a government-issued digital wallet or official U.S. gold coins at participating retailers. Paper bills currently in circulation will be transactionally worthless but can be exchanged at any participating bank for the equivalent value in the new currency.
(Jack Valentino: I believe that is the point where my newsapp failed to copy the rest of the article!)
This is the version where I read all of the article that appeared:
https://www.gobankingrates.com/money/economy/us-treasury-approves-president-trumps-plan-to-phase-out-paper-money/
Coming from a site which appears to think itself to be a 'serious financial site',
allow me to say that I AM NOT AMUSED !!!!!!!!
= new reply since forum marked as read
