The Onion: US To Trade Gold Reserves For Cash Through Cash4Gold.com
June 22, 2009
By Ken Worsley
This piece from The Onion is satire - at least for now - but it’s well done as usual. It’s subtle that the writers valued US gold holdings at $200 billion.
US To Trade Gold Reserves For Cash Through Cash4Gold.com
Social Bookmarks:
Related Posts:
Japan’s foreign reserves hit a record high: Ministry of Finance
Japan’s foreign reserves at $970 billion, for fifth straight all-time high
Abe Cabinet, Ministry of Finance Headed Toward Showdown Over Management of Foreign Reserves?
Japan not banning cash any time soon
Japan not eager to diversify its foreign reserves: Ministry of Finance
Comments
2 Responses to “The Onion: US To Trade Gold Reserves For Cash Through Cash4Gold.com”
Got something to say?
Social Media
On Twitter: JapaneconomynewMost Popular Categories
1. Real Estate2. Economics
3. Economic Reports
4. Business
5. Import/Export
Last Month's Top 5 Stories
1. Japan must shake off US-style globalization2. Public pension fund lost a record 10.17 trillion yen in fiscal 2008
3. NTT and McDonald’s release results
4. GDP up on Government Spending
5. Economy Watchers Survey up for seventh straight month in July
Upcoming Economic Reports
15 SeptemberAugust Machine Tool Orders
Jobs in Japan
From the Blogosphere
Japanese Wages Fall Again In June at Japan Economy Watch
Members of a Nation State at Neojaponisme
More Comments on Wai-Wai at Let's Japan
Will the real Ozawa please stand up? at Observing Japan
Posts on Recent Economic Reports
April 14March corporate goods price index down 2.2%
March 31
Japan household spending down 3.5% in February
March 25
Restaurant sales fall for third straight month in February
March 17
New condo offerings in Tokyo and Osaka down in February
March 10
Tokyo vacancy rates up for seventh straight month in February
View more economic reports »
Our Links
- Asia Business Intelligence
- Bank of Japan Statictics
- Cabinet Office English Homepage
- Center for Strategic and International Studies: Audio, Video & Transcripts
- China Business Daily
- Claus Vistesen’s Blog
- Columbia University Center on Japanese Economy and Business
- Council on Economic and Fiscal Policy
- Economic and Social Research Institute
- From the inside, looking in
- Global Talk 21
- Japan Business Federation - Nippon Keidanren
- Japan Considered
- Japan Economy Watch
- Japan Forum on International Relations
- Japan Inc
- Japan Labour Force Survey
- Japan Law Blog
- Japan Marketing News
- Japan News Review
- Japan Productivity Center
- JETRO - Japan External Trade Organization
- Ministry of Economy, Trade and Industry - Online Statistics
- Ministry of Finance
- Ministry of Finance - Policy Research Institute
- Ministry of Foreign Affairs - Economic Affairs Page
- Mortgage News
- Nikkei Real Estate Market Report
- NYU - Center for Japan-US Business and Economic Studies
- Observing Japan
- OECD - Japan Page
- Prime Minister and his Cabinet
- Seeking Alpha
- Small and Medium Enterprise Agency
- Steven Towns’ Blog
- Tokyo Stock Exchange
- Trans-Pacific Radio
- What Japan Thinks
- World Federation of Exchanges
Archives
- March 2010
- February 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
Build the Network!
thats a real interesting video..c
Ok, so I know it’s a joke, but I can’t help being nerdy…
Wouldn’t that work to contract the money supply? Paying for the stimulus by selling gold and using the cash would take liquid cash from elsewhere in the economy… granted it would put it back into the economy, but the alternative is, of course, to issue T-bonds or to print more money. Both of those status-quo options seriously inflate the money supply while contributing to economic activity.