We are all familiar with that bank credit card advertisement. I came across this brief news item from Reuters this morning and, although I'm not sure why -- I find it troubling. So I'll just share it and see what you think...
Geithner carries fat fiscal burden but thin wallet
Fri May 22, 2009
WASHINGTON (Reuters) - What's in the wallet of Timothy Geithner, whose hands as U.S. Treasury secretary are on some of the fattest government purse strings in the world?
Not much, it appears, beyond a few bank cards, some euros and a worthless Zimbabwean bill.
Geithner, testifying to a congressional panel on Thursday about efforts to tackle the financial crisis, was shown a $50 billion bank note from Zimbabwe that has nearly no value due to hyperinflation in that African country.
Representative John Culberson asked Geithner if he had ever seen such a bill himself, prompting the Treasury secretary to reach into his pocket and produce a Zimbabwean note.
"I often have some foreign currency in my wallet," Geithner told Reuters during a break. "Want to see?"
Many of the slots in the thin, weathered leather wallet were empty. There were three cards with Visa and MasterCard logos -- all inserted upside down so the issuers could not be seen -- and a yellowed identification card of some sort.
From inside, Geithner pulled a small pile of receipts and papers, including a New York City transit card, pointing out there were some euros tucked in there too.
Anything else? Not a single U.S. dollar was in sight.
(Reporting by Jim Bourg; Writing by John O'Callaghan)
With current fiscal policies and Obamaflation facing us, I gotta wonder how long it's gonna be before we will be carrying $50 Billion American Dollar bills in our wallets. Maybe Geithner is just adjusting himself???
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