Kniftybits's Blog

All knitting, all the time.

The Knitted Dollar July 14, 2011

Filed under: Knitting Life — kniftybits @ 11:07
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I am in the midst of reading a really depressing book that is more frightening than a Dean Koontz novel. The book is Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown. Apparently the folks who wrote it accurately predicted the housing bubble collapse and corresponding stock market collapse, which means, in theory, the future impending financial apocalypse they predict may actually happen.

For the purposes of this post there is one prediction that led to a moment of levity I want to share. They believe the dollar is overvalued and will collapse in the next few years resulting in worldwide calamity.

There is nothing funny about this and it terrifies me to contemplate, which is why we irreverently made a joke of it.

If the dollar collapses the knitters of the world can create our own currency which would be the Knitted Dollar. This currency would be worth much more than the standard American dollar, because of the time and fiber invested in creating each bill. The currency would be made of fiber according to their value.

$1 = acrylic

$5 = cotton

$10 = wool

$20 = alpaca

$50 = silk

$100 = cashmere

$1,000 = qiviut

There is a simple brilliance to this plan. No one could forge the currency, it’s not like you can pass acrylic off as qivuit. Plus, the knitters that would be gainfully employed to make currency would ease unemployment woes. So, if they are right, keep this in mind and we knitters can start our own economy.

What do you think? Do you believe they may be right? And, if so, are you ready for knitted currency?


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