Wednesday, January 18, 2012

Snowshoer Lost on Mount Rainier Burned Dollars for Warmth

Well, at least the US Dollar is good for something these days!

A snowshoer who was lost in a blizzard for two days on Washington state's Mount Rainier said he stayed alive by digging out a snow tunnel and burning dollar bills for warmth.  Yong Chun Kim, 66, of Tacoma, said he carried a lighter and other emergency supplies and burned personal items: extra socks, Band-Aids, toothbruash, packaging, and lastly $1 and $5 bills from his wallet.  Kim, who served in the South Korean military in the Vietnam War, told KOMO-TV in Seattle that skills he learned as a soldier helped him survive. He said he wasn't scared. He kept waiting for the sounds of the helicopter — though severe weather conditions prevented park officials from using one to search for Kim.

"I'm a lucky man, a really lucky man," he said in an interview Tuesday afternoon from his home.

Mount Rainier Snowshoer Burned Money for Warmth - ABC News

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Breaking US Dollar Collapse News

What's Behind the Decline of the US Dollar?

This is one the of the best and simplest explanations we have seen:
The U.S. dollar's downward slide is accelerating as low interest rates, inflation concerns and the massive federal budget deficit undermine the currency. - Wall Street Journal, April 23, 2011
Interestingly, the Federal Reserve is responsible for, or an active participant in all three of these factors.