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.

Also see...

Related Articles

30

NY Times: Hey, Obama Should Violate The Constitution And Raise The Debt Ceiling

Well, as to the first part, op-ed contributors Eric A. Posner and Adrian Vermeule state that it would be perfectly

7

Why Michelle Obama’s Fat Report Isn’t Reported

Howard Kurtz wonders why the media isn’t covering Michelle Obama’s fat report when the media love Michelle Obama. It’s because

40

Why Isn’t Obama’s Teacher Lie National News?

During the latest campaign appearance disguised as a presidential press conference, President Obama uttered one straight out lie that stands