What #40Dollars means to me

December 28th, 2011
In what may be the most condescending question out of Washington in a long time, the @whitehouse Twitter account recently asked, “What does #40Dollars mean to you?” This in reference to the payroll tax-cut set to expire in a few days which will cost the average American an additional $40 per biweekly pay period. So, now we’re simplifying an ongoing political distraction over tax policy into a juvenile all-I-want-for-Christmas style poll of what the average American would do with two yuppie food stamps.
Well… I simply can’t let such an innovative Twitter campaign go unanswered.

Whenever anyone asks me what some dollar value is worth the first place my mind goes is precious metals. For example, a 1oz Silver Circle Rebel Round is going for $29.50 right now. With shipping that’s just about $40. Of course, when I first started following the price of precious metals ten years ago $40 meant more like 8oz of silver… big surprise.

This time, I had a better idea.I finally got around to closing my Chase checking account. I know. I know. What kind of respectable anti-Fed activist still has an account in a bank as chummy with the Fed as JPMorgan Chase? The truth is I converted all my savings to precious metals years ago, and my primary checking account has been out of a local Credit Union for a while now. I’d been procrastinating about closing the Chase account because all my online payments were set up through that account, but it was time. As the clerk was counting out the cash she asked me if I needed any small bills. I thought why not $40 in singles… for an art project?

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About the Author: Davi Barker

In grade school Davi refused to recite the pledge of allegiance because he didn't understand what it meant. He was ordered to do as he was told. In college he spent hours scouring through the congressional record trying to understand this strange machine. That's where he discovered Dr. Ron Paul. In 2007 he joined the End The Fed movement and found a political home with the libertarians. The Declaration of Independence claims that the government derives its power “from the consent of the governed." He does not consent.