The Trough logo

THE TROUGH

The Finest Slop on the Internet

PoliticsBy The Snout

U.S. Economy Officially Transitions From Gold Standard To Souvenir Standard

Federal Reserve officials confirm that all future inflation metrics will be calculated based on the resale value of a signed twenty-dollar bill at a Florida swap meet.

U.S. Economy Officially Transitions From Gold Standard To Souvenir Standard

WASHINGTON (The Trough) — The global financial system fractured at 9:00 a.m. this morning. The U.S. Treasury, acting on what insiders describe as unprecedented executive aesthetic directives, has severed the dollar from macroeconomic reality, anchoring it entirely to collectible novelty value.

Panic swept trading floors as brokers frantically dumped T-bills to hoard thick permanent markers and clear acrylic display cases. The traditional metrics of gross domestic product are dead. From this hour forward, the almighty dollar's strength relies exclusively on whether a guy named Gary in Boca Raton thinks the ink looks authentic.

"We are operating in uncharted territory," whispered Elias Thorne, Senior Analyst at the Institute for Flea Market Economics, speaking from a secure bunker beneath a folding table of bootleg DVDs. "If the humidity in Daytona damages the presidential signature smears, the housing market will collapse by Tuesday."

The transition away from the signatures of appointed bureaucrats to the looping scrawl of the Commander in Chief fundamentally alters the definition of currency. It is no longer legal tender for all debts public and private, but rather a limited-edition drop.

"I traded a mint-condition twenty for three gallons of premium unleaded and a vintage Beanie Baby," said Marjorie Vane, a tactical numismatist actively fortifying her garage. "The fiat system is over. We live in the Etsy era now."

At press time, the Federal Reserve had urgently halted the printing presses to test if printing the bills directly onto commemorative plates would finally stabilize interest rates.

U.S. Economy Officially Transitions From Gold Standard To Souvenir Standard | The Trough