I read somewhere about the inflation taking place in pre-WWII Germany. If you didn't buy groceries with your paycheck on Friday, by Monday or Tuesday you COULDN'T. That's how quickly their money was losing value.
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Life is tough but it's tougher if you're stupid. -John Wayne
yep, they could take a literal wheelbarrow full of money and not even come home with a whole loaf of bread.
same thing happened to confederate money after the 'late, great unpleasantness'.
funny thing is, a few years back, these homeowners here were moving a plantation home from it's location in our town to a huge farm out by the river and they discovered underneath YEARS of wallpaper that the original owners had papered the walls with confederate money just to keep the wind out in the winter.
needless to say, the current owners are rolling in money now since they were able to remove enough of the intact bills to sell to collectors who not only had the money, but some hard and fast provenance that added to the value of the bills.
all I have to ask is, which wall has my money papered on it?
Even though I'm benefiting from your falling dollar (I never thought I'd see the day when ebay says $30.00 American - $28.00 Canadian), it makes me feel nervous.
Our economies are too closely tied together for this to be a good thing in the long run.
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They might not look it, but bunnies can really take care of themselves.
It may actually help the trade imballance though. As our goods and services are less expensive for those overseas. Thus stimulating our production and manufacturing which means increased demand for those workers which also means they have more dollars in their pocket to spend here. There are two schools of thought on this.
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Jason (Formerly salesortonscom)
As I walk through this earth, nothing can stop, the Duke of Mirth!