Results 1 to 2 of 2
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
-
01-16-2013, 10:53 AM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
Hyperinflation In Action: Beer For Bag Of Cash - Belarus devaluing currency by 50%
Hyperinflation In Action: Beer For Bag Of Cash
Submitted by Tyler Durden on 01/12/2013 13:10 -0500
In May 2011, Belarus surprised its citizens by devaluing its currency by 50% overnight in an attempt to kickstart its economy, leading to swift and brutal hyperinflation. And while written narratives of the most recent episode of monetary collapse are one thing, nothing is quite as amusing, and grounding for those attempting to "value" money (such as Nobel prize winning economists writing out of their steel exoskeletal ivory towers), as watching a bag of cash be used to pay for seven boxes of beer. And nothing is quite a cathartic as spending several hours trying to count said cash - cash backed by the "full faith and credit" of the Belarus central bank...
The Most tolerant cashier /
Hyperinflation In Action: Beer For Bag Of Cash | Zero Hedge
Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
-
01-17-2013, 10:08 AM #2
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
you should be very worried after watching what is happening in Europe ... this id what broke monetary policy does to a country
Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Here’s an Immigration Problem that the UK Has, and the U.S. Does...
05-31-2023, 08:10 AM in General Discussion