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

0

Why RINOs Will Always Lose

With Chris Christie’s re-election win in New Jersey, the rumor mill is buzzing with speculation over whether America’s favorite overweight

2

…Yet Not ALL Unions Willing to Bend Over for Obamacare Tax Hike

Yesterday I posted a story about how the two big public employees unions were looking the other way on Obamacare

173

Obama To Philly And NY As Budget Battle Reigns

Remember this from Tuesday? President Barack Obama on Tuesday called on congressional leaders – especially Speaker John Boehner (R-Ohio) –