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.

Related Articles

32

CNN’s Jack Cafferty Now Dissing Obama On The Economy And Debt

It only took him over three years to realize that Obama is a perpetual liar whose promises have a quick

19

Why Obama’s Speeches Aren’t Very Good Anymore

Michael Gerson has out a piece today professing surprise that Obama’s speeches have become a weak point. Here’s Gerson: In

29

War Drums Beating: Anti-American George Soros Promoting Anti-Americanism in Central Asia

Richard Miniter has a very interesting article in Forbes about the damage anti-American millionaire George Soros is causing to both