When I was growing up in the 1940s I collected stamps. One of my prized items was a German postage stamp, which was overprinted as selling for several billion (that's billion with a B) Marks. I can't remember the exact number now, but I do remember the billions.
It was only years later that I learned about the Weimar hyperinflation. I was appalled at the idea that someone could have worked hard, saved his money, only to find that his lifetime savings were no longer enough to buy a postage stamp.
Looks like we're well on the way there ourselves.
posted on 11/13/2012 5:05:38 PM PST
( New book: RESISTANCE TO TYRANNY. Buy from Amazon.)
At the rate we’re plunging into debt and inflation, a massive economic and societal collapse is just a short drive down the block. Prep for it...
posted on 11/13/2012 5:23:41 PM PST
(America - a great idea while it lasted.)
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