Serious economic news: Dollar losing value against the...

[XZeroII]

Dollar Losing Value Against The Quarter
NEW YORK?After falling 6 percent in the past three weeks, the U.S. dollar hit a 208-year low against the U.S. quarter, which had been valued at exactly 0.25 dollars since its introduction in 1796. "The dollar continues to slide against most major currencies," Morgan Stanley analyst Richard Jemison said. "At the end of the day Tuesday, the quarter was trading at .267 yen, .203 euros, and US$0.28. But what we're really seeing here is not just a dollar weakened by a sluggish economy, but an exceptionally resilient quarter-dollar." Jemison was quick to point out that the dollar remains very strong against the nickel.

No more parody threads. This is not Off Topic.

AnandTech Moderator

 

[Tab]

Too bad the goverment can't buy consumer confidence off of ebay

 

[Perknose]

I'd add my two bits to this thread, but I'm holding onto them now, as an investment!

 

[zzzz]

In other news, prices of nuclear secrets are plummeting..

WASHINGTON, DC?Top-secret information about the design, construction, and delivery of nuclear weapons has never been more affordable than it is today, CIA Director George Tenet announced Monday. "We're seeing items like warhead blueprints and uranium-enrichment instructions go for a fraction of what they used to cost," Tenet said. "There's never been a better time to snag a deal on low-mass, high-yield weaponry schematics. Countries like Iran and North Korea are finding that it's a real buyer's market."

 

[ReiAyanami]

PENNY LOAFERS BABY!!!

 

[XZeroII]

Originally posted by: zzzz
In other news, prices of nuclear secrets are plummeting..

WASHINGTON, DC?Top-secret information about the design, construction, and delivery of nuclear weapons has never been more affordable than it is today, CIA Director George Tenet announced Monday. "We're seeing items like warhead blueprints and uranium-enrichment instructions go for a fraction of what they used to cost," Tenet said. "There's never been a better time to snag a deal on low-mass, high-yield weaponry schematics. Countries like Iran and North Korea are finding that it's a real buyer's market."

 

[aka1nas]

That's really odd. Why would the value of the quarter be so high? Is it an artificial demand(I.E. maybe because there are things like vending machines and arcade machines which demand quarters, giving them more utility in some cases than dollar bills?)? Can someone with more economics background explain?

 

[PingSpike]

This is from the onion. I hope people are being sarcastic...the quarter by definition is a set fraction of the dollar. It could not flucuate against the dollar.

 

[dmcowen674]

Originally posted by: PingSpike
This is from the onion. I hope people are being sarcastic...the quarter by definition is a set fraction of the dollar. It could not flucuate against the dollar.

Are you sure? This seems to suggest it is only worth what maybe 1/8?

 

[aka1nas]

Originally posted by: PingSpike
This is from the onion. I hope people are being sarcastic...the quarter by definition is a set fraction of the dollar. It could not flucuate against the dollar.

Sheesh I should have guessed that. My bad.

 

[Spencer278]

Originally posted by: PingSpike
This is from the onion. I hope people are being sarcastic...the quarter by definition is a set fraction of the dollar. It could not flucuate against the dollar.

it could if the cost of the metals in a quarter is greater then .25 of a dollar.

 

[XZeroII]

I was waiting to see how many people I could catch before people figured it out

 

[charrison]

Originally posted by: Spencer278

Originally posted by: PingSpike
This is from the onion. I hope people are being sarcastic...the quarter by definition is a set fraction of the dollar. It could not flucuate against the dollar.

it could if the cost of the metals in a quarter is greater then .25 of a dollar.

I read the other day that this is happening with the penny....