Obamanomics: Tide laundry detergent being used as currency in some U.S. neighborhoods


Didn’t this happen in Zimbabwe just before their currency collapsed?

…Theft of Tide detergent has become so rampant that some cities are setting up special task forces to stop it and retailers like CVS are taking special security precautions to lock down the liquid.

…Tide has become a form of currency on the streets. The retail price is steadily high — roughly $10 to $20 a bottle — and it’s a staple in households across socioeconomic classes.

Tide can go for $5 to $10 a bottle on the black market, authorities say, and some thieves even resell it to stores.

“There’s no serial numbers and it’s impossible to track,” said Detective Larry Patterson of the Somerset, Ky., Police Department, where authorities have seen a huge spike in Tide theft. “It’s the item to steal.”

To paraphrase Mark Steyn, when laundry detergent becomes a de facto currency, you’re pretty much done for.

You feeling stimulated yet?

Hat tip: BadBlue.

Trending Today

Related Articles

5

Dionne: It’s Not Easy Being Obama

You know why? Because all you people who criticize him are raaaaacists, per the Washington Post’s E.J. Dionne. Let’s skip

67

Michelle Obama Makes 2015 Easter Egg Roll All About Her

If you thought that the White House Easter Egg Roll event was supposed to be about celebrating Easter for the

3

CNN: ‘Disingenuous Insurance Companies’ or Disingenuous Reporting?

On October 13 CNN’s John Roberts conducted an interview with purported “insurance industry insider” Wendell Potter who claimed that the