Worthless Paper by sponge-bob

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paper · @sponge-bob · Jun 24 '17

$283.24

Worthless Paper

When I got to Argentina, I loved *no tax*. Marked **$5**? You pay **$5** ! They also rounded everything to the nearest five cents.  The only store that would include pennies in your change was McDonald's (and people were kind of annoyed with that).

### Worthless Paper


<div class=pull-right>

<img src="http://i.imgur.com/XCUZ7xG.jpg" alt="Old 500" border="0">

</div>
 This is a truly worthless "bill"

I was issued at some point in the past and was accepted for the purchase of food, rent, cars, etc..

Yesterday, it was given to me when I said, "he that's cool" at a souvenir shop.


### More Worthless Paper

Governments print it, tell us that it's worth something, then they make it less valueable until it has no value. 
</div>

<div class=pull-left>

<img src="http://i.imgur.com/cFqC3CR.jpg" alt="" border="0">

</div>

Finally, they intruduce new bills that are equally worthless, but they give them a new value.  

***And we buy into it every time.***

This is the so call "money clip" I bought when they handed me the note that is in the cover photo. 

The last time Argentina introduced currency, it was pegged to the dollar, one to one.  

That peg lasted ten years.  Since then, the currency has gotten more and more worthless, currently near seventeen to one.



<div class=pull-left>

<img src="http://i.imgur.com/2eRFvs6.jpg" alt="New bills" border="0">

</div>

That means One hundred dollars will bet you $1,700.00 pesos. (pesos are the purple paper things). One purple thing with a printed "100" on it used to be my rent, now I need ***seventy of them.***

As the paper loses value, the government makes them fancier which the gullible tend to believe and that fact helps to slow inflation.   Inevitable though, people get tired of counting to ten, stacking, and then counting to ten again.  



<div class=pull-right>

<img src="http://i.imgur.com/y0wn5wV.jpg" alt="Coupons" border="0">
</div>

A few months ago, they printed larger bills which I will post soon.  We have 200 peso notes, 500 peso notes and in the nexte few weeks the 1000 peso notes will be released.  Can you say Venezuela?  Yeah, we are headed there. 

I told you about my rent being one hundred?  I just got coupons in the mail, which is evidence that what used to be a month's rent is now a BK meal.  Not really more expensive, just more counting of paper rectangles.  

### You think this is only happening in South America? Wrong! 

### A new Camero still costs $1800.00 people.  

## You just need to use real dollars. 
*Remeber tose huge silver disks with Dwight D. Eisenhower on them?*





http://i.imgur.com/71OjW4A.jpg

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👍 done, htooms, snowflake, freeyourmind, someonewhoisme, sponge-bob, rok-sivante, bcc, uradick, btu, slowwalker, jrcornel, bontonstory, hebrew, teamsteem, robrigo, hanshotfirst, creadordelfuturo, biophil, asmolokalo, anca3drandom, macksby, uwelang, buzzbeergeek, sharingeverybite, ojaber, cryptofreedom, sokoloffa, lydon.sipe, jeppex1, shenanigator, mars9, syn999, juanmiguelsalas, rouketas, jsantana, steem-id, trans-juanmi, abn, ozymandias, mage00000, zenharmonics, witchergeralt, pnc, freshstuff, dajohns1420, gduran, barvon, gatmi, lucashunter, dhwoodland, steemprentice, szokerobert, egonz, charityfund, juliosalas, etcbits, nataliia, bosjaya, markpluto, writtenbird, cryptopie, anwarabdullah, iggyg85, and 12 others

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@abn · Jun 25 '17 (edited)

$0.05

Let's go back to those large silver disks, please. Kidding! @sponge-bob

Great post - my sentiments are shared on the worthlessness of this "paper". 

New follower here. Best Regards,
@abn

👍 abn

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@artem-sokoloff · Jul 19 '17

$0.22

In Ukraine, we feel very much what you are talking about here.
Upvoted)

👍 sponge-bob

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@automaton · Jun 25 '17

$0.60

Me: It's a bubble!
Mr Clueless: You mean Bitcoin?
Me: No..fiat currency.

👍 sponge-bob

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@barvon · Jun 24 '17

$0.28

A fun trip, you are a lucky person.
Good job @sponge-bob

👍 sponge-bob, zenharmonics

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@cryptoblessings · Jun 24 '17

$0.24

This a absolutely the truth. I just recently visited the federal reseve bank & fiat currency is a slap in the face to humanity.  Bartering goods and services would be better than having this worthless hope of wealth with a worthless piece of paper.  Paper is made from trees so why are they not valued the same lol? Thank God for Crypto currency as well. We are the value in the monetary policy

👍 sponge-bob

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@cryptopie · Jun 24 '17

$0.24

Sadly our financial system is just doomed to fail with governments bailing out failed banks with people's money.

👍 sponge-bob

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@sponge-bob · Jun 24 '17

Yes.  And thank God we have various digital currencies to escape to.  Steem has been very profitable.  Dash and others too. 

It is really important to have a bit of money in other things besides paper.

👍 cryptopie

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@cryptopie · Jun 24 '17

$0.24

Yah @sponge-bob is is also God-sent for cryptocurrencies to appear in humanity and it just makes people's lives better with an option that can save them from total financial desperation.

👍 sponge-bob

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@dejavu · Jul 6 '17

$0.33

That is the state of our system :) I wonder if people will ever, or rather WHEN understand a bit more... Maybe nothing so bad yet happened to force the humanity to find out more about whats up really...

👍 sponge-bob

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@sponge-bob · Jul 9 '17

The country of my birth knew it well and was founded on free enterprise.  They knew about (the dangers of) the central bank and even mandated that only Congress should create "money".   All ignored since 1913 and here we are.  

You have to look where you were to find out where you are going.

👍 sornprar

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@dhwoodland · Jun 24 '17 (edited)

$0.24

Currencies are one of the biggest lies in this World, but people just don't want to listen at all.
https://media.giphy.com/media/q48v3Gr5m9Jp6/giphy.gif

👍 sponge-bob

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@sponge-bob · Jun 24 '17

I have been telling people about Bitcoin since it was at $3

Their eyes just get glazed over and they ask, "but how do I get the money out?"

Uh, why would you want to?  I can feel the bills in my pocket losing purchasing power!!!

👍 dhwoodland

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@dhwoodland · Jun 24 '17

$0.60

That's the thing, first thing they go to is how to cash out, but that is totally wrong mentality. Poor people are thinking of cashing out on every single corner **ASAP**. 
And when someone did invest in early days into Bitcoin, then for some reason they are just called lucky??? Well someone has to be I guess.

👍 sponge-bob

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6 replies

@digitalking · Jun 24 '17

$0.24

The problem is a little more complicated.  Governments  forced to do that  possibly  because they can not do different ...  But in such cases the result for the people is what you say : "Governments print it, tell us that it's worth something, then they make it less valueable until it has no value."

👍 sponge-bob

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@duckmast3r · Jun 25 '17

$0.60

It's crazy how the price can change like that.

👍 sponge-bob

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@exan · Jul 2 '17

$0.65

<table><tr><td>https://steemitimages.com/60x60/https://cdn.pixabay.com/photo/2012/04/16/12/26/chart-35773_1280.png</td><td>

**Congratulations @sponge-bob**

You took 76 place in my [Top 100](https://steemit.com/statistics/@exan/top-100-posts-with-maximum-payout--2017-07-01) of posts
</td></tr></table>

👍 sponge-bob

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@freshstuff · Jun 26 '17

$0.41

Great post ,thats for sure . Is it possible to get help from you? Could you upvotr my last article?? Much respect

👍 sponge-bob

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@gduran · Jun 24 '17

$0.86

Actually in the seventies and beginning of the eighties the Argentine peso was worth so little they had 1 million peso bills, I used to collect banknotes and I had a couple of 10,000 peso bills.

👍 sponge-bob, dhwoodland

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@sponge-bob · Jun 24 '17

He he.  I think those were the "australes" if I am not mistaken.  The funny thing is - I sell a lot of crypto, and everyone I meet gets the same talk.  Bitcoin is slow right now, you should try Steem. 

Then I say...

**The good new is that you will be a millionaire next year.**
*when a million pesos buys a two-liter Coke*

👍 digitalking

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@gduran · Jun 24 '17

$0.60

No they were pesos I think I still have them somewhere around.
"The peso ley 18.188, usually known as either peso or, to distinguish it from the earlier peso moneda nacional, informally as peso ley, was the currency of Argentina between January 1, 1970 and May 5, 1983."

👍 sponge-bob

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1 reply

@iggyg85 · Jun 24 '17

$0.24

@sponge-bob That was an interesting view of the inflation of money.  Thanks for this post.  On an unrelated note, I was wondering what kind of articles you like to read on Steemit?  I am researching what hot/trending bloggers as yourself are into reading for a future article.

👍 sponge-bob

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@sponge-bob · Jun 24 '17

Wow, I didn't actually know I hit any trending list.  My posts are usually pretty mellow.  I have noticed an increase in followers though.

I just checked - Wow, i guess adding frames to photos gets the attention of heavy hitters! Yeah!

Generally I like news - the kind CNN doesn't touch. (ie; truth).  I am into Steemit news, crypto hapenings, and cooking posts.  I love some of the recipes I have gotten from here.   

One of my favorites is the clam-chowder vid posted by @old-guy-photos (since I can't just go buy a can of Campbell's here and they don't serve chowder in any restaurant).

My friend @gringalicious blows me away with her concoctions as well.

👍 iggyg85

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@iggyg85 · Jun 24 '17

$0.24

I was checking in both hot and trending, I believe yours was in hot, but that's still a feat nonetheless!  Thank your for your response!

👍 sponge-bob

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2 replies

@jessandthesea · Jun 30 '17

$3.75

This is hard to read, mostly because when thinking so much about money and government and reality, I start to panic. The realization that something so fake can have so much control over our lives is terrifying. I remember when I lived in Buenos AIres it was 4 to 1 to the dollar. That was 2010-11. I live in Mexico now. It was 22-1, but now it's 18ish-1. Pfff. What can we doooooo.

👍 sponge-bob

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@sponge-bob · Jun 30 '17

I have been pulling out of paper and getting into more digital currencies.  Lately I have tried to cash out some of the digital stuff to get more metals.  Silver and gold in the drawer makes me feel a bit better as I watch the peso go near 17 to 1 !

I watch store employees walking to the back room with bricks of cash to store them in the safe.  Crazy and it's going to get crazier.  I have no option to move at this time - my kids are still under-age.  My ex locked in to living here.

properties (22)

@jonipilo · Jun 24 '17

$0.24

bro, we got tax, we just dont f**k around with it. Legal businesses always include the tax, no need to do that TAX EXCL stuff, and dark businesses will never even dare to mention tax

👍 sponge-bob

properties (23)vote details (1)

@sponge-bob · Jun 24 '17

I know and what's with that 21% IVA crap?  I didn't include that part because I nothing about the inner workings of that stuff here.   I used to pay taxes when I was working, but that too is included and entirely the responsibility of the employer - haha.

properties (22)

@jonipilo · Jun 24 '17

$0.24

That 21% IVA crap is called "tax", same as your VAT but written in a different way. Which taxes were you paying?

👍 sponge-bob

properties (23)vote details (1)

4 replies

@juanmiguelsalas · Jun 24 '17

$0.24

Waiting for that to happens to the Euro soon, new large bills printed. The 500 they do not want to do it anymore in this "cashless society" war they have here in Europe. The future, new 500 bills printed because of the inflation ;)

👍 sponge-bob

properties (23)vote details (1)

@sponge-bob · Jun 24 '17

$0.05

Here, everybod looks to buy and hold dollars and euros.  The last time I went to the cash and metals dealer, there was a guy who had requested euros.  He ordered all 500's

What?  Is that to save space? What will he do when they decide that the 500 is not money any longer.  Paper trading for paper - I am out of all that.  :)

👍 juanmiguelsalas

properties (23)vote details (1)

@juanmiguelsalas · Jun 24 '17

$0.24

Well... get out of the euros and dollars. I am not a trader but for what I see here this is the best advice ;)
They do not want to print more big bills because they want  everybody to use credit card for everything. No cash, more control...

👍 sponge-bob

properties (23)vote details (1)

@klorb · Jun 24 '17

$0.24

https://media.giphy.com/media/RyzZoic5mBt84/giphy.gif

👍 sponge-bob

properties (23)vote details (1)

@lydon.sipe · Jun 25 '17 (edited)

$0.38

>And we buy into it every time

Because of posts like yours the people are waking up. 

The paper may be shinier but we are learning its true value. 

Great rant, and great post.

👍 sponge-bob, lydon.sipe

properties (23)vote details (2)

@markpluto · Jun 25 '17

$0.72

It looks like the plan is to have all currencies collapse eventually. Interesting, thank you for the article.

👍 sponge-bob

properties (23)vote details (1)

@mars9 · Jun 25 '17

مرحبا اخى . كيف حالك . اتمنى لك يوم سعيد انت وجميع الاهل
بوست رائع . شكرا على مشاركة
وايضا احب اقول لك شكرا على مساعدتى

properties (22)

@mero · Jun 26 '17

$0.42

Hello my brother. Great post and hope all good to u

Plz support me on my page

👍 sponge-bob

properties (23)vote details (1)

@nenio · Jun 27 '17

$1.14

The situation in Venezuela is much worst. 
I have written some posts about the situation of the Venezuelan bills.

👍 sponge-bob, nenio

properties (23)vote details (2)

@ridi20 · Jun 24 '17

$0.24

the future paper:

![U5duKP9vnBpjjbtjapiZWYiB9U1Gqfw_1680x8400.jpg](https://steemitimages.com/DQmP7MfHpXVznRNbMrwqVxZT7qxc8Nb9tbkKKqCH6FJJiPT/U5duKP9vnBpjjbtjapiZWYiB9U1Gqfw_1680x8400.jpg)

👍 sponge-bob

properties (23)vote details (1)

@sokoloffa · Jun 26 '17

$0.64

May the day be rich in heat,
So that you, waving your wing,
Could rush to dream,
I took my luck with me.

So that all wishes come true,
To make all the plans,
So that if you do not violate the law,
Could earn a million!

👍 sponge-bob

properties (23)vote details (1)

@spottyfox · Jun 25 '17

$0.58

I was reminded of this short film in which the K Foundation (aka The KLF) burned a million pounds sterling. 

https://youtu.be/i6q4n5TQnpA

👍 sponge-bob

properties (23)vote details (1)

@tohamy7 · Jun 25 '17

The theme of my friend is interesting.I wish you a happy day  I am so happy

properties (22)

@tohamy7 · Jun 26 '17

$0.41

Excellent post!! thank you for sharing + follow up

👍 sponge-bob

properties (23)vote details (1)

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